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According to renowned investor Jim Rogers, precious metal prices will continue to consolidate, although yesterday's announcement that the Fed would be providing five other major central banks with dollar swap lines boosted gold and silver prices. Many market observers are convinced that yesterday's announcement is the first step towards ...
While the gold price lost around 15% after topping above $1,920 per troy ounce in early September, the price of silver is currently trading at a discount of nearly 40% compared to its record high of $50 per ounce (which it came close to reaching in late April). However, investors are well-advised not to judge the current market situation ...
Gold and silver prices remained stable yesterday – though given the volatility that has affected these markets in recent weeks, those interested in the long-term health of the bull markets in gold and silver may be thankful for some quiet price consolidation. The October Comex gold contract settled $9.90 (0.6%) lower to $1,659.70 ...
The renowned Canadian fund manager Eric Sprott told The Gold Report that he thinks the silver price is ready for a dramatic rally higher, and reiterated his prediction that silver will be the “investment of the decade”. He thinks that the silver price has the potential to climb up to a level that would correspond with a ...
Jim Rogers, the renowned investor and – along with George Soros – co-founder of the famous Quantum Fund, told The Economic Times in an interview that he expects further declines in the silver price. In his view, however, the current silver price action is a healthy development as far as long-term investors are concerned. ...
Roman Baudzus writes -- Billionaire investor and commodity bull Jim Rogers said that the rally in gold prices and the new all-time highs of the yellow metal indicated that the central banks would soon start printing money again. Especially the United States have already said that the Federal Reserve Bank (Fed) will soon inject additional ...
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