Russian National Wealth Fund Turning to Gold, Dumping Dollars

Russian National Wealth Fund Turning to Gold, Dumping Dollars

The Russian Finance Ministry has given the green light for the Russian National Wealth fund to diversify and invest in gold and other precious metals. According to a report by RT, this is part of a broader move to de-dollarize the wealth fund.
April 5, 2021 0 Comments
What 2020 Signals about Gold and Silver in 2021

What 2020 Signals about Gold and Silver in 2021

But the best performing precious metal for 2020 was silver, up 46.8%. It even outperformed the tech-heavy Nasdaq, home to many stocks that benefited from the virus fallout.
January 7, 2021 0 Comments
Silver Shines, Says Citi, Tipping A 60% Price Rise

Silver Shines, Says Citi, Tipping A 60% Price Rise

But the bank does not stop at a 605% silver rally. It also argues that there is a technical case for silver doubling $50/oz, and potentially rising four-fold to $100/oz.
December 18, 2020 0 Comments
The U.S. Dollar Is Set for More Downside

The U.S. Dollar Is Set for More Downside

What are the charts telling us? After posting a “double top” in the 103 area, the U.S. Dollar Index broke 17-year trendline support when it closed below 92 on Nov. 27. My work projects further weakness toward the 85 area.
December 7, 2020 0 Comments

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