Wall Street ignores Gold [Video]

Samuel Briggs Kinesis Money

In this week’s Live from the Vault, Andrew Maguire joins Peter Grandich to expose Wall Street’s continued dismissal of gold’s surge, showing how mainstream analysts ignore its strength until forced to acknowledge its significance at key turning points.

Peter argues that despite gold’s outperformance of stocks and bonds, financial advisors rarely promote it, but with institutions underexposed, even a small shift in allocations could trigger a major price surge and redefine gold’s role in global finance.

Timestamps

00:00 Start.

02:51 Gold prices soar, Wall Street still skeptical about $3,000.

05:16 Gold outperforms, Wall Street ignores, fund managers may wake up.

11:10 Gold miners profit, juniors struggle, regulations hinder investment growth.

17:00 Canada's mining industry improving, political challenges remain ahead.

24:02 Debt, retirement crisis, infrastructure issues and gold's value.

31:56 Wealth inequality, debt reliance, gold's rising financial importance.

39:13 Inexperience, market cycles, central banks prioritising gold's role.

41:29 Gold demand rising, market shifts, financial faith, systemic challenges.

Author

Samuel Briggs

Kinesis Money

Samuel holds a deep understanding of the precious metals markets, and as an in-house journalist for 1:1 gold and silver-backed monetary system, Kinesis, he is chiefly responsible for updating the community with insights and analys

EUR/USD deflates to fresh lows, targets 1.1600

The selling pressure on EUR/USD now gathers extra pace, prompting the pair to hit fresh multi-week lows in the 1.1625-1.1620 band on Friday. The continuation of the downward bias comes in response to further gains in the US Dollar as market participants continue to assess the mixed release of US Nonfarm Payrolls in December.

GBP/USD breaks below 1.3400, challenges the 200-day SMA

GBP/USD remains under heavy fire and retreats for the fourth consecutive day on Friday. Indeed, Cable suffers the strong performance of the Greenback, intensified post-mixed NFP, and trades at shouting distance from its critical 200-day SMA near 1.3380.

Gold flirts with yearly tops around $4,500

Gold keeps its positive bias on Friday, adding to Thursday’s advance and challenging yearly highs in the $4,500 region per troy ounce. The risk-off sentiment favours the yellow metal despite the firmer tone in the Greenback and rising US Treasury yields.