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Bullion News Review: Jun 1 – Jun 7, 2020

Gold To Breach All Time Highs By Year-End

“We’re going to cross $1900, the old high, this year…I’ll be stunned if we don’t do it, the market looks perfectly set up” – E.B. Tucker, director of Metalla Royalty

In this insightful interview, Tucker addresses MMT (Modern Monetary Theory), an economic theory that states that central banks can increase the money supply to achieve full employment without the risks of inflation.

“These things happen in sequence…in the future there will be MMT, but it’s not going to happen right away, it’s going to happen when the government really struggles to finance itself”

The consequence? Negative interest rates and higher gold prices.


 

Gold and Silver Will Rally Higher by 7.5%

“If our research is correct, both Gold and Silver will rally higher by about 7.5% to 14% – setting up new price highs for both metals….

The current level of the Gold to Silver ratio is 94.9.  This suggests that both Gold and Silver have quite a way to go in terms of reaching the “alignment phase”.  Our researchers believe Gold will rally above $2100 to $2400 and Silver will rally above $40 to $50 before the two metals align and begin to rally together in almost equal strength.” – Chris Vermeulen, The Technical Traders

With Gold, a sideways Pennant/Flag formation has been setting up… We believe the downward price rotation recently is a perfect setup for skilled technical traders to take advantage of lower entry price levels.
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KJC Team

The Blog Team at KJC Coins Australia strives to bring you the latest happenings in the bullion market, new releases in numismatic and bullion products and in depth tips & tricks of the trade in a creative & easily digestible way. Keep up to date with us - we're only just getting started!
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