Gold is Under-Owned

Precious Metals Commentary (week ending 25th October 2019)

Gold popped back above $1,500 overnight, butting up against the pennant formation we noted last week. Silver followed and climbed to $17.80 and with the Aussie weakening, which sees $A gold above the $2,200 level and silver above $26.

This week, we look at:

  • The threat of crypto currencies to governments
  • The downside of high palladium prices
  • Checkmate for central banks

 Gold Spot USD Price Chart

 Read the full report by ABC Bullion's John Feeney and Bron Suchecki here.