12.21.24- Inflation Bites: The $38 Million Man It's easy to think of "inflation" as an abstract economic principle and forget that it has real impacts on real people. Federal Reserve Chairman Jerome Powell acknowledged the pain of price inflation during his press conference at the close of the December FOMC meeting.
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12.20.24- The Real Reason Food Prices Keep Going Up Food. It (along with air, water, and shelter) is one of the basic necessities for survival. And because of that, the cost of food is something that everyone who isn’t part of the “1%” pays attention to in their budget. The good news is that, thankfully, we still have ample food. Food security – in other words, hunger – just isn’t something most Americans have to worry about. In fact, it might come as a shock to you that 13.5% of U.S. households don’t have that privilege. They don’t always have enough food for a healthy, active life. Read More |
12.19.24- Head of Largest Russian Oil Producer Says Gold Could Rival the Dollar The head of Russia’s largest oil producer says gold could become the dollar’s main competitor in world trade. Russian policymakers have a vested interest in undermining the dollar, so their rhetoric should be taken with a grain of salt, but it’s worth paying attention to what they say. Others around the world undoubtedly sympathize with the Russian viewpoint thanks to America’s weaponization of the dollar. Read More |
12.18.24- China May Buy More Gold As Trump Returns To Office China’s central bank did not buy gold since April as it hoped to increase its reserves at lower prices and waited for a strong pullback. However, this pullback did not happen, and China’s central bank (PBOC) restarted its gold purchases in November. Apparently, the pullback towards the $2600 level was sufficient to lure PBOC back into the market. Not surprisingly, the price of gold rallied after PBOC revealed its purchases. The bank added 160,000 ounces to its reserves, which have grown to 72.96 million ounces. Read More |
12.17.24- Is Selling Gold Right Now a Mistake? Producer prices came in hotter than expected in November. This came on the heels of a CPI report showing price inflation is sticky. With inflation worries mounting, investors sold gold. Wait. People sold an inflation hedge with increasing signs of inflation? Yes. You read that correctly. Read More |
12.16.24- Gold & Silver Bull Has More Time Left Than You Think Gold’s break out of a 13-year cup and handle pattern is likely the start of a new secular bull market. However, as we wrote last week, a new secular bull market in the entire precious metals sector cannot begin until Gold breaks out against the conventional 60/40 investment portfolio. Read More |
12.14.24- Gold Stocks Big Bargains Gold stocks remain big bargains, still priced for bygone much-lower gold prices. Gold miners are earning enormous record profits, fueled by gold’s powerful bull market. Yet traders have been slow to recognize this, leaving gold stocks seriously undervalued relative to their underlying earnings. This striking anomaly won’t last, as eventually stock prices always mean revert to some reasonable multiple of corporate profits. Read More |
12.13.24- And Now, for Something Entirely Different: A Personal Announcement |
12.12.24- The Secret Connection Between Bitcoin and Gold Prices Bitcoin’s record ascent beyond $100k captured headlines worldwide. But what does this so-called digital gold have to do with the real thing? If you take a closer look, it’s plain to see that the forces driving the crypto market higher are very similar to those driving the gold market… Your News to Know rounds up the most important stories about precious metals and the overall economy. Read More |
12.11.24- Trump Tariffs will Trigger Global Trade War, with Gold and Silver Set to Benefit With less than two months until his inauguration on 20 January 2025, US president-elect Donald Trump is ramping up the rhetoric on tariff threats to unprecedented levels – even by his own “all guns blazing” standards. In the space of less than two weeks, Trump has lost no time in firing off import tariff threats against China, Canada, Mexico, and all nine member countries of BRICS (a grouping which represents 45% of the world’s population). In doing so, Trump is rekindling fears of global trade wars and creating global economic uncertainty. Read More |
12.10.24- Gold And Silver Take Off “Don’t look a gift horse in the mouth.” That was my first thought on seeing gold up about $45...and silver jumping 4%...this morning while other markets weren’t confirming the moves. The Dollar Index was down, but not much. Treasury yields were actually higher. And the stock market was flat (and has since turned lower). Read More |
12.09.24- 2025 Gold Price Predictions: Off to the Races As December begins, financial institutions and market analysts are unveiling their 2025 forecasts, with gold attracting significant attention. Predictions are shaped by a variety of factors, with the new US administration naturally playing a prominent role. However, it is crucial to remember that this is just one piece of the puzzle influencing the global metals market. What truly matters is not what leaders say they will do, but what they actually do, and how markets respond. Read More |
12.07.24- Trump’s Tariffs Are Coming – How Will They Affect Your Finances? Tariffs. President-elect Donald Trump loves them. I’m not just saying that. He has literally said that he “loves” tariffs. Trump has made it clear that tariffs will be one of his primary tools in his new administration. One opinion piece observed (or complained?) that tariffs “are becoming Trump’s silver-bullet solution to everything.” Read More |
12.06.24- Silver Alert! Silver Ready to Explode Higher as Theta Prepares to Change the world!! |
12.05.24- Eastern European Countries Loading Up on Gold as Chaos Hedge In a region fraught with geopolitical turmoil, Eastern European central banks are loading up on gold. Poland, Hungary, and the Czech Republic have been among the top gold buyers this year, with Poland leading the way. As a Bloomberg report put it, “Striving for a sense of security is a powerful motive in a region that’s been ravaged by Europe’s wars of the past — and that now finds itself next door to the continent’s deadliest conflict since World War II.” Read More |
12.04.24- Gold Should Be At $5000 Based Exploding National Debt |
12.03.24- Gold & Silver Are Stabilizing There was an irrational knee-jerk reaction to sell gold and silver after Trump won the presidential election, but they are now stabilizing and setting up for a continuation of their prior uptrend. Last week saw relatively quiet, low-volume trading across gold, silver, and other financial markets, largely due to the Thanksgiving holiday in the United States. The week began with gold and silver pulling back, partly on news of hedge fund manager Scott Bessent—who happens to be a gold bug—being nominated by President-elect Donald Trump for Treasury Secretary. Read More |
12.02.24- 3 signs a gold revaluation is coming |
11.30.24- Silver Buying Opportunity In 2023, global silver production was approximately 26,000 metric tons. During the same period, gold production was around 3,000 metric tons. So 8.6x more silver is mined annually than gold. Yet gold trades at about 86x the price of silver today ($2,633/oz for gold and $30.60/oz for silver). What explains this disconnect? The primary differentiator is the fact that central banks buy and hold large quantities of gold. Global central banks and governments hold approximately 36,700 tons, or roughly 17% of all gold ever mined. Read More |
11.29.24- Gold’s Fundamentals Are Intact, With One “Great” Exception Have you heard the news? America is going to be great again! The people have spoken and the man with the simple but catchy buzz phrase is back in office. Pay no attention to the fact that he is going to use well worn and unsuccessful tricks of trade wars past, that he is going to increase the already incalculable national debt, and try to stimulate the appearance of “America great again” for the average Joe. It’s not going to work. You know it. I know it, and anyone with a modicum of economic sophistication knows it. Read More |
11.28.24- Gold Will Rise By Multiples The Case for Gold is Incontrovertible As Eastern and Southern Central Banks substantially increase their gold holdings, Western Central Banks will most probably have little physical gold in their coffers. Total global gold reserves allegedly held by central banks (37,000 tonnes) are valued at $3.1 trillion at the current market price of $2,700. That value is absurd when one US company – Microsoft – has the same valuation. Just think about it: Microsoft is as big as the gold backing of the global financial system. Read More |
11.27.24- The Latest Gold Survey Found Something Very Interesting Gold’s popularity as an investment It's good to see articles like this that fully acknowledge the recent slump in the price of gold provided a great buying opportunity for latecomers. Some prospective buyers have been waiting a year or more, since $2,100/oz. to buy gold. It’s been a long wait. Even then, at $2,600 an ounce, gold was hardly the bargain some were hoping for. Read More |
11.26.24- We Are in a Government The US national debt is now slamming past trillion-dollar milestones at the rate of three in just one year. At the start of the year, the US zipped past $34-TRILLION in debt. In July, we zoomed past $35-TRILLION. And now, in even less time, we screamed past $36-TRILLION. The mileposts to financial doom are flying by so fast they are just a blur now, and the rate at which they are going by is rapidly accelerating.. Read More |
11.25.24- Gold & Silver Still Near Ground Floor Opportunity Gold broke out from a 13-year cup and handle pattern earlier this year to a new all-time high and advanced to $2800/oz. Silver broke out from 4-year resistance and recently reached an 11-year high, touching $35/oz. However, the ongoing secular bull market in US Stocks and the emerging bubble in cryptocurrency have stolen its shine. Read More |
11.23.24- And Now, for Something Entirely Different: The Choice
Daycare for Adults Sometimes things must get worse before they get better. Reducing deficit spending and eliminating government waste, for example, will initially have a negative impact on GDP and employment. Though, this is exactly what is needed to restore America’s economic health. Read More |
11.22.24- Could the Rapid Growth of AI Boost Gold Demand? Could the Artificial Intelligence (AI) revolution boost gold demand? According to a report by the World Gold Council, the answer is yes. Gold's excellent conductivity and its malleability make it an important component in the manufacture of electronic devices. Gold can be formed into extremely thin wires, making the metal ideal for use in small computer chips. Read More |
11.21.24- Connecting Dots: Fort Knox, A Bold Claim from the Comex Trading Floor Years ago, a floor broker with deep ties to major bullion banks made a startling statement: Fort Knox holds "nothing but moths and half-eaten IOUs." We all laughed back then. But as time passed, I realized he was right. Recently, something Egon von Greyerz said brought that old memory rushing back: Read More |
11.20.24- Gold & Silver Are Rebounding Gold bugs were rattled by the drop of more than $200 over the past two weeks, but this week's big rally has clawed much of that back in one fell swoop. The question remains whether the bull market is back in force over the short term or whether this is merely a technical bounce. Read More |
11.19.24- Gold SWOT: The Global Silver Market Is Set to Record a Physical Deficit in 2024 Strengths
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11.18.24- Gold In a Trump Era: Below we look at the direction of gold in the context of announced Trump policies, the USD debate and comical debt markets. A Revolution Coming? Needless to say, Donald Trump recently won the US election, and as JFK Jr. said of this “impolitic” figure, a “revolution” is coming. Depending on one’s politics, such a “revolution” is either music to one’s ears or the potential for “fascism American style.” Good grief… Read More |
11.16.24- Trading Gold is unlike In our analyses, we regularly examine current movements, identify possible influencing factors and assess the general market situation. However, these are not recommendations, but merely opinions and food for thought. Dear readers! Gold has its own laws in trading. The most emotional of all financial assets is traded unlike anything else. Unlike any other commodity, every ounce newly mined adds to the existing stock of Gold. It moves from vault to vault, in various forms. Occasionally it is melted down and given a new form as jewelry, ingots, coins or something else. It is thus not consumed and is not lost. Every year, around 3,500 tons of new Gold are mined, which are added to the existing stock. Read More |
11.15.24- The Sell-Off in the Precious Metals Sector May Be Winding Down The s- ell-off in the precious metals sector since the election has nothing to do with Trump’s victory. That thesis is based on the price-action in the precious metals sector when Trump was elected in 2016. But the sell-off that year followed a move straight up starting in January 2016 that lasted nearly eight months. The sector began heading south in late August that year. It was going to at least undergo a correction in spite of Trump. There’s some other factors back then that are not present currently. Read More |
11.14.24- Gold Is Back—And So Is Judy Shelton Gold is on the rise, and so is the typical gold-standard nostalgia that has erupted every time price inflation, banking crises, and/or debt concerns have reappeared after the fall of the Bretton Woods gold-exchange standard in 1971. Certainly, the precious metal’s ascent, as usual, is signaling that all is not well. Earlier this year, the precious metal soared past $2500 an ounce to all-time price highs, making it one of the best-performing assets of 2024, following a price gain of 13 percent in 2023—the result of persistent economic as well as geopolitical uncertainties. Read More |
11.13.24- Gold Demand in Tech and Industry
Gold is fundamentally money, but there is demand for the yellow metal in industry and technology. Industrial and tech demand accounted for 83 tons of gold in the third quarter, a 7 percent year-on-year increase. It was a 2-ton increase quarter to quarter. So far, in 2024, about 245 tons of gold have been consumed in industrial and technical applications. Read More |
11.12.24- Europe Is Finalizing Preparations for a Gold Standard Countries outside the eurozone but inside the European Union, i.e., those that one day might join the eurozone—like Poland, Hungary, and the Czech Republic, are positioning for a new gold standard. To prepare for a monetary system based on gold, they are buying gold to equalize their reserves to the eurozone average. This balancing of gold reserves in Europe is a key topic. Read More |
11.11.24- Researchers Continue to Find New Uses for Silver That Seem Like Science Fiction Silver used in the industrial and technology sectors accounts for more than half of the demand, and the uses for silver continue to expand. Some of these innovations sound like they come straight out of a science fiction movie. According to the Silver Institute, industrial demand is expected to rise by 4 percent to a record 690 million ounces in 2024. Photovoltaics (PV) and automotive industries are the key drivers. Specifically, new, higher-efficiency N-type solar cells being phased in require more silver than older solar panel technology. Read More |
11.09.24- "People Have NO IDEA What's Coming In 2025...": Gold and Silver Price 2024 |
11.08.24- Election Results Are In: Gold and Silver are the Real Winners of 2024 In this week’s Money Metals Midweek Memo, host Mike Maharrey dives deep into the broader economic landscape as the U.S. approaches another pivotal election. Despite the usual hype of each election cycle being “the most important,” Maharrey offers a different perspective, suggesting that regardless of the outcome, Americans are likely to see the same trends continue—big government, increasing debt, and ongoing monetary policy impacts. Read More |
11.07.24- Gold and Bitcoin Will Jump Under ‘Debasement Trade’ Rule: JPMorgan
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11.06.24- The Silver Short Squeeze: A Historic Market Battle in the Making As industrial demand soars and physical supplies dwindle, the silver market approaches a historic breaking point. Could the looming 'silver squeeze' create the investment opportunity of a generation?In the shadowy world of precious metals trading, a storm is brewing. The silver market, long considered the neglected cousin of gold, stands on the precipice of what could become one of the most spectacular short squeezes in financial history. This isn't just another market manipulation story – it's a confluence of structural weakness, industrial necessity, and growing awareness that could reshape the precious metals landscape forever. Read More |
11.05.24- Why Global Gold Demand Has Never Been Higher
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11.04.24- Gold Is on the Ballot A reader recently asked me which presidential candidate would be more bullish for gold. That one’s easy. Kamala Harris. A President Harris administration would preserve and strengthen the status quo. To start with, we’d see a continued bonanza of bad regulation, spending and taxes. Add in poor capital allocation and misaligned incentives, and we have a recipe for stagflation and reckless monetary policy. Read More |
11.02.24- Silver Short Squeeze Coming? The Federal Reserve cut interest rates for the first time in over four years in September, sending gold past a record-setting $2,500 an ounce. The aggressive half-percentage-point reduction was in response to the Fed’s significant progress in bringing down inflation, as well as a slowing US economy evoking recession fears. Gold’s rally, which started in mid-February, has been underpinned by increased geopolitical risks, the upcoming US election, central bank buying, and slowing ETF sales. It last traded at $2,744 an ounce, up 37% so far in 2024. Read More |
11.01.24- Third Quarter Gold Demand Breaks Record Gold demand set a third-quarter record, driving the price to a series of record highs. Including over-the-counter (OTC) sales, gold demand came in at 1,313 tons in Q3, a 5 percent year-on-year increase. Read More |
10.31.24- Your Mag 7 Earnings Guide Short sellers took a beating last week following Tesla’s post-earnings romp that shot the stock higher by more than 25%. TSLA posted its best trading day in over a decade when management announced it topped Q3 profit estimates and improved automotive gross margins. Just two days later, the shorts banked losses of $4.2 billion closing out bets against the stock during its historic rally, according to data from S3 Partners. Read More |
10.30.24- How Chinese Traders Will Help Drive Gold to $3,000+ China's futures traders drove a remarkable $400 surge in gold prices this past spring, and now they are positioned to propel it to $3,000 and beyond.In my debut Substack article on September 6th, I theorized that Chinese futures traders would return from their summer hiatus with renewed vigor, to drive gold prices sharply higher once again in an encore of their spring performance, when they pushed prices up by $400, or 23%, in just six weeks. Read More |
10.29.24- The Golden Rule Is Real There’s so much to discuss right now, from the upcoming election to geopolitical instability. But today I want to talk about gold. I call it the once — and future — money. The use of gold as money existed from antiquity until gold backing broke down entirely in 1971. Still, central banks and finance ministries hold over 37,000 metric tonnes of gold in reserve. Read More |
10.28.24- Silver Price Forecast: Silver has just broken higher out of a short-term consolidation. This price behavior results in a target of $38.65, a 16% anticipated gain for silver over the months ahead. For investors seeking increased profit above this figure, silver miners have recently begun to provide positive leverage above and beyond the bullion price. Read More |
10.26.24- This Points To Significantly Higher Silver Prices Since the creation of the Federal Reserve, the Dow Jones has significantly outperformed silver. The Dow/Silver ratio needs to rise above the double blue line in order to reach parity with the Dow since the creation of the Federal Reserve. In current prices, that would mean silver’s price needs to be above $340. Read More |
10.25.24- JP Morgan: “Debasement Trade” Is Increasing the Gold Price Gold’s price is rising so quickly that analysts, forecasts and headlines are scrambling to keep up. JP Morgan has identified this new trend as the “debasement trade,” and explains why we’re still in the early days of record gold prices… Your News to Know rounds up the most important stories about precious metals and the overall economy. Read More |
10.24.24- Silver, the A-Bomb, and Russia During a critical stage of the Manhattan Project in 1942, its organizers ran into a problem while attempting to build those first atomic bombs. They had figured out a way to enrich uranium using electromagnets, but it was a highly resource-intensive process. Read More |
10.23.24- Record High Gold Price Signals "Fragmenting Global System"; El-Erian Warns Something strange has happened to the price of gold over the past year. In setting one record level after the other, it seems to have decoupled from its traditional historical influencers, such as interest rates, inflation and the dollar. Moreover, the consistency of its rise stands in contrast to fluctuations in geopolitical situations. Read More |
10.22.24- Gold Fever People are beginning to get gold fever. In the news last week also, came word that one young man had quit his job, loaded up on junior mining shares... and was off for a year of travel. Word is out.People are beginning to get gold fever. In the news last week also, came word that one young man had quit his job, loaded up on junior mining shares... and was off for a year of travel. Word is out. Read More |
10.21.2- In a Rare Candid Moment, Three Central Bankers Talk Up Gold While central banks around the world have been aggressively adding gold to their reserves, central bankers don’t tend to talk much about the yellow metal. Three central bank officials went off script at the London Bullion Market Association conference in Miami. Reserve managers from the central banks of Mexico, Mongolia, and the Czech Republic sat together on a panel at the conference, and all three indicated their countries plan to add even more gold to their reserves in the near future as tensions increase and global interest rates decline, creating more inflationary pressure. Read More |
10.19.24- Russia’s Silver Pivot: A Historic Shift That Could Reshape Global Finance First Major Power Adds Silver to State Reserves, Signaling Potential Return to Silver’s Monetary Role In a development that has received surprisingly little mainstream media attention, well not that surprising hunh?, Russia is set to make a move that could fundamentally alter the global precious metals landscape. Read More |
10.18.24- 30 Sec To Midnight: "Stock Insiders Are Selling, I'm Buying SILVER" |
10.17.24- Jim Willie: "They're Selling A Lot Of Treasuries & Buying Gold" As the BRICS meeting and the US elections rapidly approach, while the wars and geopolitical tensions continue to escalate, it's not exactly the most stable time in the world. Although fortunately to dig into the latest events, including the series of hurricanes that have caused great damage to the affected areas, and FEMA's response, as well as Jerome Powell's aggressive rate cut while he simultaneously claimed that he doesn't see any weakness in the economy, Dr. Jim Willie of The Hat Trick Letter joins me on the show to discuss all of that and more. Read More |
10.16.24- These 3 Conditions Must Be Met Before Silver Surges Like Gold Just two months ago, the precious metals community was growing frustrated with gold after its choppy, lukewarm summer price action. At that time, I kept urging investors to stay patient as I believed that gold was about to break out in multiple non-U.S. currencies, which would result in a powerful surge. Sure enough, that's exactly what unfolded, and I believe even more gains are ahead. Now, I'm noticing the same frustration with silver, as it has remained stagnant for the past five months. In this article, my goal is to encourage investors to remain patient with silver, as I believe it's on the verge of a strong breakout, much like gold—once these key conditions are met. Read More |
10.15.24- Gold Forecast: Physical Gold Is No Longer Cheap – But Gold In The Ground Is
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10.14.24- Indicators Show Increasing Global Silver Shortage Saddle Up “If you can’t take a small loss, sooner or later you will take the mother of all losses.” Ed Seykota Silver shortage is kryptonite to the system of setting silver’s price with leveraged cash/spot promissory notes in London’s cash silver market – the world’s largest cash physical silver trading market by volume. A promissory note is no substitute for a silver bar when the market encounters physical shortage. Read More |
10.12.24- Bottom in Gold & Silver
Bottom in Gold & Silver Prices: What's Next? Despite the slightly higher than expected CPI numbers across the board, a rate cut of 25 bp on Nov. 7 has a probability of 84-87%, a virtual certainty according to interest rate futures. Read More |
10.11.24- 5 Gold Charts Battling Breakout Resistance |
10.10.24- The Gold Bull Cycle Has Just Begun Cycles surround us. In markets, astronomy, and our lives. Every day is a circadian cycle for us all. Our bodies move through phases based on our exposure to light or darkness. Markets are also remarkably cyclical, responding to the environment around them. Interest rates, regulation, monetary policy and investor psychology all play important roles. Read More |
10.09.24- Iran vs Israel: Game, Set, Match Iran
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10.08.24- Today's Geopolitical Forces Driving Gold Higher The spreading Middle East conflict is now one of the dominant forces driving gold and silver higher – alongside thriving central bank demand and the growing deficit of silver production. The path to $50 silver seems clear – here’s what’s next… Your News to Know rounds up the most important stories about precious metals and the overall economy. Read More |
10.07.24- How About James Bond as a Central Banker? ‘Goldfinger’ Emerges ‘They get what they want — economic chaos in the West — and the value of your gold increases many times.’ Growing protectionism and what it portends for global economic growth — not to mention geopolitical stability — induces somber references to the year 1944. The “rules-based” Bretton Woods agreement hammered out by the Allies in July that year, while World War II still raged, puts into sharp relief the consequences of trade and currency wars. Read More |
10.05.24- Commodity Outlook: Gold and silver continue to shine bright |
10.04.24- Silver: So Much Bigger Than 2011 I remember the 2011 silver bull market like it was yesterday. We had already experienced two rounds of money printing (QE) by then, and the bank bailouts were still fresh on everyone’s mind. Silver prices shot up from $9.40 per ounce in October 2008 to over $49 in April 2011. It was a beautiful run, but ended much too quickly for my liking. Silver stayed above $30 for almost two more years, but as the economy improved, investors lost interest for a time. Read More |
10.03.24- Unlike The Great Financial Crisis During the 2008 Great Financial Crisis (GFC), the monetary system faced a significant challenge. In a gigantic effort to contain the financial crisis, large amounts of U.S. dollars were created by increasing the monetary base. They were able to avoid collapse, but the underlying problem (an extremely debased currency) obviously did not go away simply because the solution further debased the currency. Read More |
10.02.24- Silver price on the rise The price of silver has increased over 30% since the beginning of the year, with a particularly strong increase being registered in the last few months. The silver price has increased significantly since the beginning of this year and has now surpassed $31 per ounce. Read More |
10.01.24- A Golden Week for Gold It's that time of year again when Chinese markets close for a week in observance of their "Golden Week" holiday. The typical trading pattern for gold during this holiday week is down early and up late. Will we see things play out this way again in 2024? The week certainly seems to be starting out that way. Read More |
09.30.24- Triple Digit Silver is in Our Future |
09.28.24- Iran's Gold Imports Surge Sixfold as Part of Sanctions Workaround In a striking development that has caught the attention of global financial markets, Iran's gold imports have surged dramatically, increasing sixfold over a six-month period. This significant uptick in gold acquisition highlights the Islamic Republic's strategic move to circumvent international sanctions and stabilize its economy amidst ongoing geopolitical tensions. Read More |
09.27.24- Gold Rising? No — the Dollar’s Falling By conventional measures on Comex, gold is now vulnerable to a correction. But there’s growing evidence that there are other forces at play The last data point for the net long position for hedge funds was 17 September (COT report) due to be updated on Friday. Since then, open interest has increased by 28,256 contracts on preliminary figures for yesterday (Tuesday). That implies that this category of trader (managed money) is net long of about 240,000 contracts and therefore highly vulnerable to a bear raid by the swaps (bullion bank traders and market makers). And note how the rise in their net position is in lockstep with the price. But there is other evidence which we cannot ignore and is a new factor in the market. Read More |
09.26.24- Gold Repatriation Shifting From North To South In 2017 Germany brought home nearly $31 billion of gold bars that had been stored in New York and Paris after World War II. The Financial Times gives a good account of how Germany amassed, lost and then got its gold back. Perhaps no other country (except maybe Zimbabwe) understands the value of bullion as a store of value than Germany. Hyperinflation during the Weimar Republic of the 1920s had citizens piling near-worthless Deutsche marks into wheelbarrows just to buy bare necessities. During the Second World War Nazi Germany looted about 4 tonnes of gold and stored it in the Reichsbank. But in 1948 the allies recovered it and gave it back to its rightful owners, leaving Germany’s bullion vaults bare. Read More |
09.25.24- Is World War III looming? Experts debate the impact on gold and Bitcoin markets (Kitco News) – “History doesn't repeat itself, but it often rhymes,” is a popular quote attributed to Mark Twain, and is an important concept to think about with the current state of the world amid ramping geopolitical tensions and deteriorating economic conditions. Roughly 100 years ago, ‘rhyming’ circumstances were setting the stage for the Great Depression and a Second World War, and if we aren’t careful, there is the potential for the global economy to sink into a deep recession/depression while chatter about the potential for World War 3 is also on the rise. Read More |
09.24.24- Did the Fed just send gold over $2,600/oz?
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09.23.24- Metal Mania Starts Soon I’ve had at least a dozen Uber drivers pitch me on suspect investments. For a while, it seemed like every trip came with free, and invariably horrible, picks. Interestingly, I’ve never had a driver, or a barber for that matter, pitch me on gold and silver. Despite gold regularly breaking out to new highs, we really haven’t yet seen any signs of a typical retail mania. Read More |
09.21.24- Gold Lackluster After Fed Gold’s reaction to the most-dovish Fed decision in years proved lackluster. Plenty of traders thought gold would surge after an outsized rate cut birthing a new cutting cycle. And with top Fed officials projecting many more cuts, it is going to be big. Gold did rally initially on that revelation, but quickly reversed into a larger intraday loss. Fed rate cuts are bullish for gold, but speculators’ gold-futures positioning is overextended. Read More |
09.20.24- Hedge Fund Billionaire Says He'd Pull Money from Market and Go to Gold Hedge fund billionaire John Paulson said he would pull his money out of the stock market and go into cash and gold if Kamala Harris wins the election. The Paulson and Co. founder and CEO has been called “one of the most prominent names in high finance.” He’s best known for making billions by betting against the subprime mortgage lending market in 2007. Read More |
09.19.24- An Unprecedented Monetary Destruction Is Coming Global money supply has soared by $20.6 trillion since 2019, according to Bloomberg. Additionally, global debt surged by over $15 trillion in 2023, reaching a new record high of $313 trillion. Around 55% of this rise came from developed economies, mainly the U.S., France, and Germany. Unfunded liabilities in the United States amount to $72 trillion, almost 300% of GDP. This may seem high until you look at Spain with 500% of GDP, France with close to 400%, or Germany with close to 350% of GDP. Read More |
09.18.24- The 2 Powerful Forces Behind Gold’s Latest All-Time High Gold hits yet another all-time high price, leaving analysts scrambling to explain why. Central bank buying? An imminent interest rate cut? Today, we cut through the noise and reveal the only two forces that really drive gold’s price… Gold hits a new all-time high Read More |
09.17.24- It's Starting in October! Shocking Predictions for Gold & Silver! |
09.16.24- Despite Emerging Challenges PV Silver Demand Set To Hit New High In 2024
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09.14.24- ING Bank: This Gold Rally Is Just Getting Started ING Bank has revised its short and midterm gold price forecast higher, saying the gold rally is “just getting started.” The Dutch financial group cites the prospect of a Federal Reserve rate-cutting cycle, geopolitical risks, and uncertainty going into the presidential election as potential catalysts to drive gold to new record highs. The report also noted several bullish trends supporting the gold price. Read More |
09.13.24- Why Chinese Traders May Soon
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09.12.24- How To Instantly Know the True State of the Economy The bad economic news is piling up, and Federal Reserve is poised to lower interest rates – even though the inflation fight hasn’t ended. Among the dozens of reports, briefings and updates you’ll find just one number will tell you everything you need to know about the economy… This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Federal Reserve finally signals rate cuts, Russia is buying gold like it's 2015 and silver price’s growing disconnect from reality. Read More |
09.11.24- How to Hedge Anti-Heroes? How does one hedge against open stupidity? Left, right or center, our policy makers – from parliaments and executive branches to central banks and think tanks – have taken the world closer to war, immigration disasters, infrastructure failures, credit traps, wealth inequality, social unrest and currency destruction than any other time in recent memory. Read More |
09.10.24- Russia selling oil for gold in September Russia announces plans to use oil revenue windfall to purchase large amount of gold this month The Russian Finance Ministry announced it will exponentially increase its gold purchases beginning Friday. According to Russian news agency Interfax, the government will increase its gold purchases from 1.12 billion rubles per day to 8.2 billion rubles per day for the next month. Read More |
09.09.24- What We're Told About "Sound Money" Is a LIE Economists predict the Fed will soon drop interest rates because the rate of inflation has slowed. Why the slowdown? One analyst is ready to celebrate lower inflation and lower rates as “the return of sound money.” What does that even mean? Step back with me, for a moment, to just four years ago. When you went to the grocery store, when you paid your power bill, was the cost the same then as it is now? Read More |
09.07.24- Russia to Increase Its Gold Purchases by WHOPPING 732%. The West Will Have to Answer by Gold Hoarding As a precious metals journalist, I frequently encounter skeptics I call "gold bashers." These critics dismiss gold as an "ancient relic" or "boomer rock," questioning its practicality in modern transactions. They often present weak arguments that require considerable effort to refute. These skeptics seem to have fallen victim to the intentional gaslighting orchestrated by fiat currency proponents, who aim to suppress interest in alternatives to Federal Reserve notes. Read More |
09.06.24- The Contrarian Opportunity In Gold Stocks Today As I write this, gold is trading just under $2,500 an ounce after surging past the psychologically important level for the first time ever in mid-August. For seasoned gold mining investors, this should be a moment of validation. After all, the yellow metal has long been seen as the ultimate hedge against economic uncertainty. And yet, despite the bull run, gold stocks—those companies that mine, process and sell the metal—are trading at historically low valuations relative to the market. Read More |
09.05.24- Deep Dive: How Fast No matter how hard they try, even the most skeptical analysts can’t help but talk up gold’s price. With the current gold bull run well under way, we turn our attention to silver. How is silver’s price so out of step? When silver does catch up, just how far and how fast will prices surge? Let’s look at history… Read More |
09.04.24- Central Banks Fuel Gold Rally While Western Investors Sit Out As trading wraps up for the month of August, the gold market is set to record its highest-ever monthly closing price. Gold defied expectations, in some circles, of a summer slump. The question seems to be how high the monetary metal will go heading into the fall. Read More |
09.03.24- $1 Million Gold Price & Exchange Controls It was always inevitable that the GOLD price would reach $ 1 million! So, now we are there. The price for a 400-ounce gold bar has now reached $ 1 million. Read More |
09.02.24- Kamala Is Going To Drive Gold Gold recently hit $2,500 marking an all time record high. The reality is, there’s a very good case to be made that gold is still quite cheap compared to its trajectory. It’s possible that in a few years, $2,500 gold could look remarkably inexpensive. Not to be overly dramatic, but Kamala Harris is a big reason why. Read More |
08.31.24- 250 Million Ounces Silver Shortage |
08.30.24- Can Palladium see explosive price action? Algo buying activity in palladium is now likely to hit the tapes, Senior Commodity Strategist Daniel Ghali notes. “Prices still need to break north of $1000/oz to catalyze the next large-scale buying program, but considering the massive net short position held by discretionary traders, we estimate substantial scope for subsequent buying in the current set-up. In fact, there are already signs that discretionary shorts are under pressure, in stark contrast to previous set-ups where this cohort held a large margin of safety in the form of paper profits to withstand an attempted squeeze.” Read More |
08.29.24- What Is Liquidity, and Why Is Liquidity Important? Liquidity is one of those words that gets thrown out a lot in the context of finance and investing. Turns out not everyone knows exactly what it means. I believe it’s extremely important to understand liquidity and its role in investing. So I’m going to take you on a deep dive (if you’ll pardon the pun). I’ll define liquidity, explain why liquidity is important (with examples) and talk about how we measure liquidity. By the time you finish this article, you won’t have ANY questions about liquidity…Read More |
08.28.24- With Record Prices, How Much Is a Gold Bar Worth?
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08.27.24- This is the key driver for higher gold prices in 2025: Citi According to Citi, the shift in gold ETF flows will be a critical driver for higher gold prices into 2025. After a prolonged period of de-stocking, Citi analysts expect a significant turnaround in the physically backed gold ETF market, which has historically played a pivotal role in driving gold bull markets. Read More |
08.26.24- China's strategic silver takeover: A calculated move to drain the west China hoarding silver, price 10% higher than West. Secret weapon or economic warfare? A Hidden War for Economic Dominance While the world has been focused on the geopolitical tensions between China and the West, a more subtle battle has been unfolding in the global financial markets. China, through a series of calculated moves, has been quietly accumulating vast quantities of gold and silver. This move has signaled a potential shift in the global economic landscape and highlights the developing countries’ need for exorbitant amounts of resources. Read More |
08.24.24- My $3,000 Gold Prediction Is Conservative! |
08.23.24- Why Gold Shines In Dark Times Get an exclusive seat to this condensed version of a two-part interview between VON GREYERZ partner, Matthew Piepenburg, and Gary Bohm of Metals & Miners. Piepenburg squarely addresses some of the most pressing topics of our time, including:
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08.22.24- What prompted Iranians’ rush to buy gold on Sunday? Even goldsmiths were taken aback as huge crowds gathered outside their shops on Sunday, eager to purchase anything from small pieces to expensive gold jewelry. The sudden 'gold rush' was not driven by changes in prices. Photos and videos posted on social media showed big crowds outside jewelry shops in many areas of Tehran and other cities from the early business hours of Sunday. Read More |
08.21.24- $1 Million Gold Bars For the first time ever, a 400-ounce bar of gold is worth $1 million. No wonder so many central banks and investors are piling up the yellow metal. We hit the $1 million gold bar milestone on Friday when the price of gold topped $2,500 for the first time. The price of gold is up about 22 percent on the year and has set several new records along the way. Read More |
08.20.24- Gold Soars, Experts Call 2024 “The Year of the Metals” Gold price surges to new all-time highs over $2,500 – and analysts rush to raise their price targets. We weren’t supposed to get to $2,500 till 2025. So will the next stop be $3,000? Let’s see what the experts think… This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Gold's record-breaking run to $2,500, the modern economist's take on the gold standard and why gold revaluation would be bad business for everyone who doesn't own gold. Read More |
08.19.24- Gold’s Next Explosive Move International Man: Gold has recently reached a new all-time high. What are the underlying factors pushing the gold price higher? Doug Casey: Three emotions typically move the gold price: prudence, fear, and greed. At the moment, only prudence is dominant, and certainly not greed. Or even fear, even though there’s plenty to be afraid about. The public seems quite unaware that gold is pushing all-time nominal highs. The gold bull market will likely remain intact, at least until the public is clamoring to get in. We’re no where near that stage. Read More |
08.17.24- Why Goldman Sachs LOVES Gold Right Now Analysts from leading banks predict gold price surges. Amid inflation, a global economy teetering on the brink recession and multiple wars, just about everyone from Goldman Sachs to Bank of America see gold setting new records… This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Saxo Bank says gold is facing biggest tailwind since the lockdowns, the normalization of the gold/silver ratio and Chinese citizens might finally get easy access to genuine gold. Read More |
Samsung’s new silver solid-state batteries are poised to revolutionize EVs with an impressive 600-mile range, 9-min full charge, and 20-yr lifespan. Current EV‘s require about 5g of silver. This revolutionary technology requires ~1kg of silver. Read More |
08.14.24- Silver & Gold Are Set to Skyrocket! Are We Heading for a Bank Collapse? |
08.13.24- Gold’s Moment of Truth: Central Banks About to Buy a Ton More Gold
“I’d throw dollars out of helicopters if I had to, to stimulate the economy.” ~ Ben Bernanke, Federal Reserve Chairman, 2006 – 2014 Gold’s moment of truth already happened. Over 13 years ago, central banks proved gold’s value. (These are the people who are supposed to be manufacturing trust in their fiat system more than gold as an “asset” class.) Read More |
08.12.24- A Fresh Look at Platinum |
08.10.24- Why Precious Metals Are Set to Shine: Gold and Silver on the Rise Precious metals like gold and silver have always been the go-to investments when things get shaky. Right now, they’re not just sitting pretty; they’re gearing up for a big leap. Here’s why these metals are set to shine brighter than ever, backed by some solid data. Read More |
08.09.24- What Just Happened? Last week’s worries about a U.S. downturn accelerated Monday, and the global financial system went through a once-in-a-decade bout of volatility. Here’s what happened, and what to expect next… Monday was a busy day at Birch Gold. The labor market and inflation have cooled enough that Federal Reserve Chair Jerome Powell is openly contemplating cutting interest rates in September. Read More |
08.08.24- Gold to All-Time Highs As Mideast War On Knife's Edge |
08.07.24- Gold Price Looking Explosive
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08.06.24- Morgan Stanley Predicts Gold Prices to Soar to $2,600 by Q4 2024 Morgan Stanley forecasts gold to reach $2,600 by Q4 2024, driven by central bank buying, retail demand, and global turmoil. Gold prices are on the brink of hitting new record highs, with Morgan Stanley forecasting a surge above $2,600 per ounce by the fourth quarter of 2024. This bullish outlook comes as gold has already risen 50% from its 2022 lows and 25% since mid-February, positioning the precious metal for a strong finish to the year. Read More |
08.05.24- Stocks Get Slammed on Bad Economic News, Gold Remains Buoyant As the national debt soars to yet another new milestone, gold prices are ascending toward a new record of their own. The official debt held by the public has just ticked past the $35 trillion mark. Of course, with all the billions and trillions being spent by the government on various projects using money it doesn’t have — and the tens of trillions more in unfunded entitlement commitments — it can be difficult to keep track of just how much spending is taking place. Read More |
08.03.24- Why I Invested in Monetary Metals
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08.02.24- Silver Lining: Shining Insights into Investment, Demand, and Market Potential Silver and Gold have been on a wild ride, and it’s not stopping anytime soon. Let’s dive into why these shiny metals are becoming a favorite for investors. Silver and Gold as Inflation Hedges Silver has long been valued by investors for its ability to protect against inflation, and gold has also played a similar role. In times of rising prices, both metals have proven to be among the best assets to hold. Read More |
08.01.24- Gold and The Art of War Unusually, gold is not itself these days. I say “unusually” because the gold price could - in normal times - be relied upon to give a measured view on the state of the world - both economic and geopolitical cycles ; so, over and above its own supply/demand fundamentals, it is regarded as a scorecard of sorts. Given that the gold price reacts to a very wide selection of economic indicators has prompted the comment that it represents “the sum of all fears”. As a gauge, it shoulders quite a lot of responsibility. Sometimes a little dull, but often reliable. Read More |
07.31.24- Going for gold: Is it time to invest in the precious metal as prices rise? You have options There are many ways to invest in gold — bars, coins, exchange traded funds and even stocks in mining companies — but only if it aligns with your long-term strategy. There’s a gold rush going on right now, and experts say there are several ways to invest in the precious metal. Read More |
07.30.24- Morgan Stanley: BRICS Can’t Dethrone the Dollar, But THIS Can This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Morgan Stanley's views on gold and the U.S. dollar, gold's correlation to bitcoin and copper is misunderstood, and why is the Royal Mint downsizing despite record demand? Morgan Stanley says gold will go to $2,600 soon (but not because the dollar is going anywhere) Read More |
07.29.24- The New Abnormal: Social Unrest, Market Volatility & Currency Debasement In his latest conversation with the David Lin, VON GREYERZ partner, Matthew Piepenburg, addresses US political volatility (post-assassination attempt, pre-Biden drop out) and social unrest, with special attention on their near and longer-term implications for US and global markets. Read More |
07.27.24- Gold: An asset that ‘cannot be hacked, erased or degraded’ Gold is one of the oldest assets in existence and one that “cannot be hacked, erased or degraded”. While its price keeps breaking records, few may know that its precious metal cousin silver has been mined more throughout history – by tenfold. Some 154,000 tonnes of gold have been mined since records were kept, compared to 1.5 million tonnes of silver. Read More |
07.26.24- Gold’s Potential Game Changer Approaching Gold’s breakout failed and fell back into the previous consolidation zone at $2300 to $2400/oz. Silver reversed hard and is threatening support at $29. Precious Metals must work through this technical damage before they can resume their new uptrends. Read More |
07.25.24- Avoid The Coming Debacle With Your Personal Gold Bank The failure of Western financial structures, including the currency system, is in its final stages. Sadly, no one takes any notice – YET! Global debt has already tripled this century, with the dollar and most currencies having lost 98.5% of their purchasing power since 1971. Read More |
07.24.24- Gold Price Changes Ahead! Experts Reveal Their Predictions This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold hits new all-time high of $2,460 in a highly volatile week, and the Bank of Japan pretends it can restore the yen. Read More |
07.23.24- Suppressing Silver Prices Has Been Official U.S. Policy Since 1965 Dear Friend of GATA and Gold: In the July 18 edition of Gold Newsletter, editor and publisher Brien Lundin wrote about the failure of silver prices to keep up with gold prices.
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07.22.24- Why Gold & Silver Are Your Shield Against Financial Depression |
07.20.24- Morgan Stanley sees gold prices rising over $2,600 by Q4 Gold is approaching its record highs, rising 50% from its 2022 lows and 25% since mid-February. According to Morgan Stanley commodity strategists, this surge is driven primarily by the physical market, with central bank purchases doubling in 2022/23 compared to previous trends. Retail buying has also increased this year, especially in China, where bar and coin demand is very strong. Read More |
07.19.24- Gold vs. Silver: Almost two decades ago, I walked into a coin shop in Florida to buy my very first piece of silver. I was in my mid-20s at the time and just starting to teach myself about financial history, the national debt, and central banking. Read More |
07.18.24- Gold Keeps Rising No Matter What Powell Says In a week, gold gained 3% just short of matching its all-time high set in May. The official reason is the latest inflation reading, which showed the first signs of easing – but what’s really going on? This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Gold hits $2,424 on speculations of a rate cut, shifting our understanding of the gold market, and Africa's turn to gold is sending us signals. Read More |
07.17.24- "Gold Price at $3000 by 2025: Don't Rule It Out" |
07.16.24- And Now, for Something Entirely Different: Why Did It Take The Secret Service So Long To Protect Trump? The more we learn about the attempt to kill Donald Trump, the more questions we have. Over the past couple of days, I have been digging very deeply into what just happened. To be honest, what I have discovered is extremely alarming. At this point, there is a growing consensus that either the Secret Service was grossly incompetent or some sort of very insidious plan was being carried out. I am going to share facts that have been documented, and I will allow my readers to come to their own conclusions. First of all, we have learned that a very large ladder was propped up against the AGR building. I find it difficult to believe that the Secret Service could have missed someone climbing up this ladder on to a roof that had a direct line of sight to the platform… Read More |
07.15.24- Is the USD Really Too Big to Fail? Between politics (driven by self rather than public servants), markets (driven by debt rather than profits) and currencies (diluted by over-creation rather than chaperoned by a real asset), it is fair to say we live in not interesting but surreal times. But amidst the surreal, the dollar, as many believe, is our rock, our immortal albeit often unloved constant. Whatever one thinks of the dollar, we can’t deny its centrifugal force, exorbitant privilege and entirely unequaled market power (from the current SWIFT and Eurodollar systems to the derivative and petrodollar markets). Read More |
07.13.24- 5 Reasons for a New Gold Playbook The rise in the gold price this spring was undoubtedly spectacular. In just a few weeks, the gold price rose by almost 20% in USD terms, with a gain of 21.7% for the first half of the year alone. In EUR terms, gold increased 16.4% in the year’s first six months. The showdown in the gold price we predicted in the In Gold We Trust Report 2023 has passed. What is remarkable is that all of this is happening in an environment where, according to the previous playbook, the gold price should have fallen. Read More |
07.12.24- Gold-Silver Ratio Could Indicate The Early Stages Of A Silver Breakout Two months ago, the gold-silver ratio broke an important support level, indicating the white metal could be in the early stages of closing its gap with gold. The gold-silver ratio indicates how many ounces of silver it takes to buy one ounce of gold given the spot price of both metals. In other words, it tells you the price of gold in ounces of silver. The current gold-silver ratio is hovering just about 76-1. That means it takes 76 ounces of silver to buy one ounce of gold. Read More |
07.11.24- Why Commodities Like Silver, Oil And Gold Are Soaring Amid Inflation If you were in charge of the Fourth of July spread last week, you probably noticed a hike in prices. According to the American Farm Bureau Federation, the cost of a typical Independence Day spread for 10 people jumped to $71.22 this year, up 5% from last year and a whopping 30% from five years ago. That may not seem like much, but this inflation has a compounding effect on commodities. Research from Goldman Sachs shows that a 1 percentage point increase in U.S. inflation has historically led to a real return gain of 7 percentage points for commodities. Meanwhile, the same trigger caused stocks and bonds to decline by 3 and 4 percentage points, respectively. Read More |
07.10.24- As Political Parties Fall, With the collapse of the Western financial and political systems now happening before our eyes, wealth preservation takes on a totally different meaning. As political parties, currencies, stocks, bonds and other bubble assets fall, the indisputable winners will be gold and silver. Read More |
07.09.24- Three Reasons To Buy Gold This Week This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold is making another run towards $2,400, emerging market central banks to continue buying gold for decades, and why younger generations are three times more likely to buy gold than older ones. A good part of the past month involved us cautioning investors against panic selling, which headlines appeared to be encouraging. As soon as gold dipped below $2,300, and only by $5, the media was willing to go as far as to suggest investors profit-take their bullion. Read More |
07.08.24- Silver & Gold Prices |
07.06.24- The Collapse of Banks: Impact on Gold and Silver Prices!!! |
07.05.24- Gold hits near 2-week high as soft US data lifts Fed rate-cut bets (Reuters) - Gold prices rose more than 1% to a near two-week high on Wednesday, driven by increased bets for a September interest rate cut by the Federal Reserve after recent U.S. data suggested that the labor market was softening. Spot gold was up 1.2% at $2,357.06 per ounce by 02:08 a.m. ET (1808 GMT). U.S. gold futures settled 1.5% higher to $2369.40. Read More |
07.04.24- Next Leg Higher in Gold is Major Inflection Point History will reflect on Gold’s breakout in March from a 13-year cup and handle pattern as extremely significant and the major turning point for a new secular bull market in precious metals. However, Gold has yet to break out in real terms. A breakout and strength in real terms is imperative for capital to flow beyond only Gold and large gold producers. Read More |
07.03.24- “On the road again” – Every year at the beginning of July, millions of Americans hit the road. The 4th of July celebrations commemorate the ratification of the US Declaration of Independence on July 4, 1776. Moreover, the “birthday” of the US marks the start of the US summer travel season. This season, we ask ourselves whether travelers in the USA are sweating because of the summer heat or because of gasoline prices. Read More |
07.02.24- Gold Predicted To Soar - World Central Banks Expect This Shocking Price
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07.01.24- Why Gold & Silver Prices Could Skyrocket in an AI World |
06.29.24- What in the World Happened in 1971?
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06.28.24- Martians Are Wrong About Gold A Martian gazing down from his red perch — Mr. Warren Buffett once razzed — would marvel that Earthlings dig gold from the ground… merely to re-entomb it in vaults. That is, the business is senseless. It is pointless. It is juiceless. At first blush, our space man is justly puzzled. Why indeed would humans shovel up metal merely to lock them away, idle? Read More |
06.27.24- Most-active gold futures mark lowest settlement since early May Wednesday was expiration day for June gold future Gold futures tallied back-to-back losses on Wednesday, sending the most-active contract to its lowest finish in more than seven weeks, as prices on the spot market dipped below a key technical level of $2,300 an ounce. Prices for the most-active August futures contract, however, only fell to as low as $2,304.70 during the session. Read More |
06.26.24- Bank of America Eyeballs $3,000 Gold Bank of America is eyeballing $3,000 gold. According to a report released by the big bank, gold prices could potentially hit $3,000 an ounce in the next 12 to 18 months as the Federal Reserve begins cutting interest rates and rising debt drives economic uncertainty. Read More |
06.25.24- Gold vs. “Bad Cocktails” of Staggering Credit, Equity and Currency Risk In this extensive interview with Adam Taggart of Thoughtful Money, VON GREYERZ partner, Matthew Piepenburg, addresses a wide range of market forces impacting investors in an almost surreal 2024 of rate tensions, credit vulnerabilities, currency (USD) shifts and geopolitical unknowns. The interview includes a “post-script” analysis of Piepenburg’s observations by two independent portfolio managers worthy of careful attention. Read More |
06.24.24- Gold Stocks Reloading The gold miners’ stocks have been grinding lower for a month now, sapping traders’ enthusiasm. But this is par for the gold-summer-doldrums course, what typically happens in June. This sentiment-rebalancing drift is quite bullish for this high-potential sector, reloading it for another strong surge higher. With their probable mid-summer bottoming nearing, traders have a mid-upleg opportunity to add undervalued gold stocks. Reloading always reminds me of target shooting, which was a fun part of my life growing up. Back then liberals hadn’t demonized guns yet, they were part of the cultural fabric. At my high school, its parking lot was full of kids’ pickups with loaded firearms hanging in their back windows! Most teenagers hunted with their fathers, and some participated in a local trap-shooting league along with my town’s police officers. Read More |
06.22.24- Profit From the 21st-Century “Gold Rush” “What single word would you use to describe today’s AI investment plays?” The question was posed to me as I sat in on a panel discussion with Jim Rickards, Byron King, Dan Amoss and a few other influential minds in the investment community at the famous (or infamous) Watergate Hotel in Washington, the heart of the swamp. As I’m sure you know, artificial intelligence (AI) has captured the attention of Wall Street and Main Street alike. Optimistic investors have driven shares of stocks tied to the AI trend sky-high. Read More |
06.15-24- Gold Consolidating High Gold has generally drifted sideways for a couple months now, consolidating high. That lack of progress has significantly eroded sentiment, bleeding off greed and stoking bearishness. But this healthy process is exactly what gold needed to rebalance sentiment. After soaring to extremely-overbought levels in April, greed grew excessive. The high consolidation since is bleeding that off, readying gold for another surge higher. From mid-February to mid-April, gold blasted a powerful 20.0% higher in a remarkable breakout surge. Fully 19 new nominal record closes were achieved in that short span, which really excited traders! The lion’s share of that upside wasn’t fueled by gold’s usual primary drivers, speculators buying gold futures and American stock investors buying gold-ETF shares. Read More |
06.14.24- Silver Price Forecast: $47 - $50 Silver by Q3 2024 A once-per-four-year signal says silver is about to rapidly surge higher within the coming months, and should achieve a price target of $47 - $50 per ounce by the end of the third quarter 2024. Get ready! While the Federal Reserve meets today and prices could be volatile following the interest rate decision, our pending surge signal is already in the books as of mid-May. Read More |
06.13.24- What's Next For Silver Prices Volatile Few Months for Silver PricesIt has been a volatile few months for the silver price. After a solid rally in April and May, prices have pulled back thus far in June. So is this just a minor correction or the start of a significant pullback? We might be better able to answer that question by the end of this week. Important Events Impacting Silver Prices Read More |
06.12.24- Gold is Misunderstood, Alright Gold is misunderstood, but the misunderstanding extends to those critical of others for misunderstanding it In Wonderland what is, it wouldn’t be. The subject of this post has been made anonymous, as I’ve decided to release it to a wider audience. Said subject anonymized those he was critical of and so, turnabout is fair play. Read More |
06.11.24- Gold Hit With One-Two Punch Read on for the good newsOn Friday, two announcements combined to hit gold and silver about as hard as they’ve ever been hit. First, the US jobs report, as usual, came in far hotter than expected, which led credulous headline readers to conclude that the economy is booming and interest rates will have to stay higher for longer. If true, that’s bad for gold and silver, which don’t do well in a high-real-interest-rate environment. Read More |
06.10.24- There’s Just One Thing Bad news is the new good news? It is to investors rooting for the Fed to lower interest rates. Those who think cheaper credit is the answer misunderstand the bigger picture. Does this strike you as strange? A “stronger economy” means a productive economy, one that’s creating goods and services that make our lives better. Exporting them, even – improving the lives of people around the world. Read More |
06.08.24- South Korea Has Gold Bar Vending Machines...And They're Selling Out First, it was Costco selling (and selling out of) gold bars, as we reported last year. Now, you can buy them in vending machines in South Korea. One way or another, it looks as though the public wants gold. Bloomberg reported this week that in Seoul's upscale Gangnam district, a GS Retail Co. convenience store features a vending machine selling gold bars, ranging from less than 1 gram to 37.5 grams, with prices starting at around 88,000 won ($64) and fluctuating daily. Initially launched in 2022, these machines are now in 30 stores nationwide. Read More |
06.07.24- This Silver Bull Still Has Strong Legs!
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06.06.24- A Keynesian Window for Gold Buyers
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06.05.24- China-Taiwan Conflict Raises Concerns for Semiconductors and Gold American-made weapons will soon be bound for Taiwan, American lawmakers are telling Taiwanese President Lai Ching-te, sending shockwaves of uncertainty through electronics and metals markets this week. In a pointed “celebration” of Lai’s recent inauguration, Chinese military aircraft and warships have been conducting large-scale drills around the island. China considers Taiwan a strayed member of its territory and hasn’t ruled out the use of force to assert its claim. Read More |
06.04.24- Why People Value Fiat money is intrinsically worthless and yet people still value it. Where does this value come from? Our guest commentator cites Austrian thinkers Menger and Mises. He traces the purchasing power of paper money back its historical root: real money, i.e. physical gold. Read More |
06.03.24- Gold Overtakes Euro in Global International Reserves Sturdy central bank gold buying since 2009 and a rising gold price has grown the precious metal’s share of global international reserves to the detriment of fiat currencies. By the end of 2023 gold surpassed the euro and the next fiat currency to be challenged is the US dollar. Often when financial analysts draw charts on the distribution of international reserves they focus on foreign exchange (omit gold) and start when the euro was introduced in 1999. Based on such charts the dollar’s share of total reserves appears to be falling slowly, from a peak of 72% in 2001 to 58% in 2023. In addition, it seems there is not one specific currency that is competing with the dollar. Read More |
06.01.24- Did FDR Really Confiscate Did the U.S. government really try to confiscate Americans' gold? The short answer is... well, there isn't a short answer. It's a complicated subject with more nuance than most people give it. Yes, President Franklin D. Roosevelt did try to take most of the gold out of the public's hands. But the scheme didn't go quite as well as many people claim. Read More |
05.31.24- Price Inflation Isn't an Accident; If you listen to government officials and central bankers talk about price inflation, you might think they don’t have the foggiest idea of what caused it. It might have been supply chain problems, or perhaps it was Putin’s fault. Maybe greedy corporations are jacking up prices. Or it could be that consumer expectations are driving price inflation higher. They can’t tell you exactly why prices keep rising, but trust them... they’re doing their best to stop it! Read More |
05.30.24- Steve Forbes Believes the Gold Standard Is Coming Back Steve Forbes believes that “the world is beginning to lurch toward a gold-based monetary system. This, despite the fact that the historical gold standard is held in almost universal contempt by economists and financial officials…” Should we be excited? Concerned? This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Steve Forbes believes a return to the gold standard is coming, one respected analyst forecasts $4,821 gold by 2030, and analysts are now eyeing $50 silver as an inevitability. Read More |
05.29.24- Gold/Silver: Interest rate decisions cannot produce more Silver From a weekly performance standpoint, things seem better than they read. As of early Friday morning, Platinum, the worst-performing commodity, corrected 5%, Copper 4.9%, Crude 4%, Gold 3%, and Silver 1.5%. On Thursday, Gold and Silver futures attempted a recovery before the bell, but the Flash Services PMI number derailed all hopes after posting a number close to the highest level in more than two years. The Figure came in at 54.8, where a print above 50 indicates expansion and is a leading indicator of economic health. Hopes of multiple interest rate cuts faded in 2024, and swaps shifted to just one cut. Regardless of one cut, two, or three, one thing is clear: interest rate decisions cannot produce more Silver as supply deficits expand while demand improves. Read More |
05.28.24- Marin Katusa: Time Is Running Out Is the train leaving the station? In normal times, the best investing strategy is to ignore FOMO (fear of missing out) and instead accumulate great stocks slowly via low-ball bids, dollar cost averaging, and put writing. A variation of this advice appears at the end of every recommendation in this newsletter. But there’s another take on (especially) the gold miners, which is that they’re beginning an epic run destined to produce life-changing gains for those who 1) choose the right companies and 2) board the train early (i.e., now). Commodities analyst Marin Katusa just posted a compelling case for this strategy. Here’s an excerpt: Read More |
05.27.24- Gold loses momentum on ebbing rate cut speculation
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05.25.24- Bullion prices pause…
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05.24.24- Bonds’ Decades-Long Lead Over Gold Vanishes as Debt Worries Grow (Bloomberg) -- For much of the past half century, US Treasuries have handily outpaced gold as a buy-and-hold investment. Now, bonds’ status as the ultimate haven is facing one of its biggest challenges yet. Investors traditionally flocked to US debt as a super-safe investment paying steady income, and backed by the world’s economic powerhouse. For buyers ranging from individual savers to sovereign nations, these attributes made it a superior investment to gold, which doesn’t generate cash flows as bonds do, though it is still coveted as a scarce commodity and inflation hedge. Read More |
05.23.24- Navigating Economic Uncertainty |
05.22.24- Gold, silver and platinum’s red-hot rally still has further to go, strategists say Gold, silver and platinum prices have been on a tear so far this year, and strategists say the precious metals could continue to hit fresh record highs over the coming months. Precious metal prices got a major boost Wednesday after softer-than-expectedU.S. inflation data heightened the near-term prospect of rate cuts from the Federal Reserve. Read More |
05.21.24- Even Goldman Sachs’s Lowball Gold Forecast Shatters Records Headlines once again struggle to keep track of gold's performance. Publications from Saturday mention how gold hit a new ATH of $2,417, but the metal has since moved to $2,440. Besides a display of resilience above $2,400, it appears to also be signaling a desire to move to $2,500. Analyst consensus is that gold will attempt to make the move this week. How high could it go during this run? It seems that $2,400-$2,500 projections are the norm, and that upwards forecasts are what captures the most attention. One might say, the most daring forecasters in the gold market. Read More |
05.20.24- What is Good Money? |
05.18.24- Gold's Bull Run Is Just Getting Started – And We Have the Math to Prove It These days, between bank runs and debt defaults and trade wars, trust is in short supply. When the global financial system relies on trust to function, we have to ask – without trust, what are we left with. Right now, one thing that seems to be in short supply is trust. Almost no one in their right mind trusts what is going on in today’s chaotic economy. Read More |
05.16.24- Central Banks Are In MASSIVE TROUBLE! Why Gold & Silver |
05.15.24- Why the Entire Financial World This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. There’s a whole lot going on right now, so the choice of stories to feature this week wasn’t easy… Eventually I settled on these three: We may be witnessing a once-in-a-lifetime repricing of financial assets (including gold); Britain's £21 billion decision to liquidate gold early; and Zimbabwe's currency issues aren’t gold’s fault. Read More |
05.14.24- $27,000 Gold I’ve previously said that gold could reach $15,000 by 2026. Today, I’m updating that forecast. My latest forecast is that gold may actually exceed $27,000. I don’t say that to get attention or to shock people. It’s not a guess; it’s the result of rigorous analysis. Of course, there’s no guarantee it’ll happen. But this forecast is based on the best available tools and models that have proved accurate in many other contexts. Read More |
05.13.24- Silver Outlook: Technical Setup Supports Summer Price Spike Silver has seen notable upticks before the last two presidential elections, and signs point to a repeat performance. Confirmation of this trend would be a breach above $30.00, likely triggering a surge towards $40 between June and August. Should prices fail to overcome the $30.00 mark in May, the next opportunity will arise following the next intermediate cycle low expected in the first half of June. Read More |
05.11.24- Bear squeeze in silver and gold resumes Gold and silver had a better week, with gold up $67 from last Friday’s close at $2369 in European trading this morning, and silver at $28.60 up $2.10 over the same time frame. There was a little more volume in the Comex gold contract, but silver’s was vanishingly low, as shown below. Read More |
05.10.24- As The Dollar Falters, Gold Becomes Insurance, Not Speculation Economics trumps sentimentality, and gold’s elevated price has some people raiding the family jewelry box to pay bills. “Young people are not wearing grandma’s jewels. Most of the young people, they want an Apple watch. They don’t want a pocket watch,” Tobina Kahn, president of House of Kahn Estate Jewelers told Bloomberg. Read More |
05.09.24- Why We Are at the Start of a Multi-Year Recently the dollar gold price aggressively broke a multiyear resistance level on the back of escalating wars, worrying asset bubbles, and sticky inflation. Long term indicators show gold is undervalued under these circumstances and can easily double in price over the coming years. The past decades have been characterized by an elevated trust in credit instruments that blew the global financial system to colossal proportions. Now tensions between East and West, debt saturation and inflation are chipping away this trust, the balance between financial instruments with counterparty risk (credit) and without counterparty risk (gold) will go through a process of adjustment in favor of the gold price. Read More |
05.08.24- More Good News On The Silver Deficit Supply down, demand up. Thanks, China!Ah, the silver story. It just keeps getting better. Here’s an update from the Silver Institute: Industrial Silver Demand Sets RecordRecord use of silver in industrial applications set a new high in 2023 at 654.4 million ounces (Moz). Ongoing structural gains from green economy applications underpinned these advances as they did in 2022. Higher than expected photovoltaic (PV) capacity additions and faster adoption of new-generation solar cells raised global electrical and electronics demand by a substantial 20 percent. At the same time, other green-related applications, including power grid construction and automotive electrification, also contributed to the gains. Read More |
05.07.24- Gold Price Beats Expectations in the Best Way Possible This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Has gold been performing due to high inflation?, Iran gold sellers go on strike over sales taxes and the list of countries bringing their gold home grows (again). Gold’s price defies “hawkish” sentiment from the FedThe last weeks and months have obviously had a guess-the-driver theme, with everyone wondering what exactly is pushing gold prices so high. In doing that, analysts have perhaps lost track of the main driver of gold price today, which is inflation. Read More |
05.06.24- Gold Sector: The Early Stages of a Long and Great Bull markets for Golds typically follow a Great Financial Bubble. Using previous examples, the bull market could be long, global and at times euphoric. History shows that some have run for two decades, culminating in the discovery of a storied alluvial deposits. Such as the last great rush for gold at the surface – the Klondike – which was a form of madness driven by the long rise Gold’s Real Price. The Depression naturally featured high unemployment that was suffered virtually around the world. Read More |
05.04.24- Why Gold's Correlation |
05.03.24- Putting Gold on a Blockchain Two years ago, David Tait, CEO of the World Gold Council announced an initiative to introduce blockchain technology to ensure that gold bars have been responsibly sourced and to establish a chain of custody, digitising the entire supply chain of gold bar production. There is no doubt that between them, the WGC and LBMA have been bringing considerable pressure to bear on refiners, markets, and miners in Switzerland, Japan, North America, Australia, and South Africa — some of which have signed up to the initiative. Read More |
05.02.24- Citibank’s New This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Experts maintain a fundamentals-oriented $2,500-$2,600 gold forecast, is India having a Roosevelt moment with gold? and why silver’s long-term is more exciting than its recent price moves. Corrections shouldn’t impede gold’s move to $2,500 and above Some of last week’s headlines will say that gold has had a “correction” to varying degrees. Technically, a “correction” means a 10% price drop, although most people don’t use the word in a technical sense. I wonder, though, whether it’s correct to say that it has been a tepid week of gold price fluctuations considering the historic price level of $2,330… Read More |
05.01.24- Citibank’s New Gold Price Prediction Revealed This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Experts maintain a fundamentals-oriented $2,500-$2,600 gold forecast, is India having a Roosevelt moment with gold? and why silver’s long-term is more exciting than its recent price moves.Read More |
03.18.24- 2024 Gold Price Targets Surge This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Gold dazzles for another week as it passes $2,150 again, what we’ve learned about why gold is going up, and what it’s like to be a Chinese gold consumer right now. Gold passes $2,150 again and 2024 price targets rise Read More |
03.16.24- Silver Alert: "It's Time To BUCKLE UP" |
03.15.24- Copper Surges on Supply Threat as Iron Ore Shows Economic Risks Prices for two of the world’s most important mined commodities are diverging quickly, with copper rallying above $9,000 a ton as supply cuts hit the market and iron ore sinking as demand headwinds mount. Copper surged almost 5% this week, ending a months-long spell of inertia, as investors hone in on risks to supply at mines and smelters. Tentatively, traders are also warming to the idea that the worst of a global downturn is in the past, particularly for metals like copper that are increasingly used in electric vehicles and renewables. Read More |
03.14.24- Five Traps to Avoid When Buying and Holding Precious Metals Average investors may find their first purchase of physical gold and silver a little intimidating. To be sure, bad actors have sold metals with lower purity or less precious metal content than claimed. Sometimes it requires special equipment or knowledge to detect such fraud. And there are other ways for novice investors to be scammed. Read More |
03.13.24- Gold Hits NEW All-Time High – And “Experts” Aren’t Sure Why This week, Your News to Know rounds up the latest top stories involving precious metals and the economy. Stories include: Gold notches another all-time high over $2,180, analysts are acknowledging that gold’s surging price confuses them and understanding bitcoin vs. gold comparisons. Read More |
03.12.24- Gold: We Have Liftoff! All Empires die without fail, so do all Fiat currencies. But gold has been shining for 5000 years and as I explain in this article, Gold is likely to outshine virtually all assets in the next 5-10 years. In early 2002 we made major investments in physical gold for our investors and ourselves. At the time gold was around $300. Our primary objective was wealth preservation. The Nasdaq had already crashed 67% but before the bottom was reached, it lost another 50%. The total loss was 80% with many companies going bankrupt. Read More |
03.11.24- Gold - Catch it if you can Gold and silver surged this week on a sudden increase in demand. In European trade this morning, gold was $2167, a new record and up $85 from last Friday’s close, while silver at $24.49 was up $1.18. Comex volumes in both contracts were heavy, but the startling increase was in gold’s Open Interest, which has surged by 100,000 contracts since 20 February: Read More |
03.09.24- Physical silver buyers |
03.08.24- Central Banks Boost Gold Reserves to Diversify from the Dollar Powell might not be overly worried about inflation - with his recent comments reiterating the Federal Reserve is on track to cut rates this year - but other central banks are not so relaxed. Gold’s new high signals global central banks are likely accumulating the precious metal in an effort to diversify away from the dollar, as persistently large fiscal deficits threaten to further erode its real value and lead to more inflation. Read More |
03.06.24- Silver Surges: Anticipation of Rate Cuts Sparks 4% Price Jump in a Week Amidst signs of a potential U.S. rate cut, silver prices soared over 4% within a week, driven by a slowdown in U.S. manufacturing and declining consumer sentiment. Key Federal Reserve officials hinted at monetary policy adjustments, while global silver demand is forecasted to rise by 1%, led by record industrial demand and a resurgence in jewelry fabrication, despite a projected 6% decline in silver investment. Read More |
03.05.24- Gold Sets Record High Closing Price – What’s Next? This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold sets new all-time-high closing price as analysts wonder what’s next, are our national gold reserves finally coming into question? and silver as a symbol of Poland’s strength. Gold’s price closes at record high: This week’s moves will be in the limelight Read More |
03.04.24- Is Silver The Next Uranium? |
03.02.24- Buy Gold and Silver to Hedge Against Counterparty Risk Owning silver and gold is a good way to hedge against counterparty risk. What exactly is counterparty risk? In simple terms, it is the possibility that the party on the other side of a transaction might not fulfill its obligation. Read More |
03.01.24- The Case for Silver: An Undervalued Asset with HUGE Potential! |
02.29.24- Massive Metal Rally Ahead? What is Next For The Markets in 2024 |
02.28.24- Silver Sunrise |
02.27.24- What’s Gold Doing? This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Ronald Stoeferle explains why gold has been an outperforming asset worldwide, how the U.S. will rein in budget deficits with your money and are European silver investors finally getting a break? Read More |
02.26.24- Locked and Loaded We have now reached the point in silver (and gold) where it is difficult for me to see how prices don’t quickly explode. Everything I look at, from a physical supply/demand perspective to the paper positioning set up on the COMEX, tells me we are at the point where only an upward price surge makes any sense. Yes, I am well-aware of the thoroughly corrupt behavior of the collusive commercials on the COMEX and how their manipulative success over the past 40 years makes it nearly impossible to pinpoint in advance the exact moment such a long-term scam and fraud will come to an end – but recent developments scream out to me that the manipulation’s end is at hand. Read More |
02.24.24- Gold & Silver Update: |
02.23.24- War + Inflation = Gold All the fundamentals are now in place for the above equation to be true:
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02.22.24- What Will It Take for Metals to Break Higher? Gold and silver prices remain range bound and investors are frustrated. Precious metal mining shares have been drifting lower for years. The GDXJ, an index of junior mining companies, is at the lowest level seen since the depth of the COVID-19 sell-off in early 2020. Bullion has outperformed the mining share indexes, but sentiment in the physical markets has still suffered. In order to get higher metal prices, the sector is going to need more love from investors. Read More |
02.21.24- Justification For Gold Justification for gold to move substantially higher in price continues to press the boundaries of imagination. In this article we will try to filter the noise in the headlines and also simplify what has been marketed as something much more complex. Fundamentally, there is only one basic reason to own gold – to protect and preserve wealth; but, why should that be the case? Seemingly, there must be some “value” associated with gold ownership that justifies holding it. There is, and there is historical precedent to help explain that value and its applicability to us today. Read More |
02.20.24- The Gold-to-Silver Ratio Is
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02.19.24- Gold’s Record Streak Gold doesn’t break records too often. It’s one of the most stable assets. It preserves value over generations. But when the 18.6-year real estate cycle enters the stage that I call the “Eleventh Hour,” it’s frenzy everywhere. Everything changes… and gold, like other assets, from real estate to stocks and beyond, soar. Read More |
02.17.24- Mainstream Money Tiptoes The appeal of mining stocks is that they’re “leveraged bets on the underlying commodity.” So you’d think that with gold not far from an all-time high, the big gold miners like Newmont and Barrick would be crushing it. But the opposite has been true lately, as these stocks have become almost ridiculously unloved. Two possible conclusions can be drawn from this: Either the relationship between gold and its miners is fundamentally broken, or this divergence is signaling an opportunity. One way to decide is to look at the miners’ earnings. If they’re making lots of money from $2000 gold, then the operational side of the story is intact, and share prices should follow. If not, not. Read More |
02.16.24- Piepenburg, Williams, Schechtman and Martin Agree: The World Is Dramatically Shifting, Gold is Essential VON GREYERZ partner, Matthew Piepenburg, joins VON GREYERZ advisor, Grant Williams along with Andy Schectman and Jay Martin in the opening presentation at the recent Vancouver Resource Investment Conference to discuss the truly “tectonic shifts” in the global political and financial playing field. Read More |
02.15.24- 2 Horsemen, USD & Gold/Silver Ratio: Status 2 Horsemen of the Macro Apocalypse, AKA the US dollar and Gold/Silver ratio, when they rise impulsively together, updated by daily charts2 Horsemen of Macro Apocalypse When the global market counterparty, USD (DXY) and the Gold/Silver ratio (monetary, counter-cyclical vs. a less monetary, more cyclical/industrial precious metal) rise moderately the indication can be Goldilocks/disinflation, like the backdrop we’ve generally had for a year now. When they rise strongly or impulsively, the indication is to get the hell out of the asset pool, because its liquidity will be drained. Read More |
02.14.24- The Incoming Gold Shortage This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: How a slight rebalancing to savings could shake the gold market, more bullish forecasts for gold and gold’s movement other currencies hints at its future trajectory. When private money follows central banks, will there be enough gold to go around? Read More |
02.13.24- Why Gold? Why Now? Despite the Wall Street happy talk about the Federal Reserve winning the battle against inflation, that battle has not been won. Headline CPI (the kind Americans actually pay, not constructs like “core” and “super-core”) was 3.4% in December. That compares to 3.1% in November and 3.0% last June (the January numbers will come out tomorrow). Read More |
02.12.24- Hunt Brother’s Floor Trader Talks with the Morgan Report |
02.10.24- Informed accumulation of gold bullion Gold and silver moved sideways for yet another week, exhibiting a bullish undertone. In European trade this morning, gold was $2032, down $7 from last Friday, while silver was $22.62, almost unchanged on the week. Silver volumes on Comex picked up to reasonable levels on bargain-hunting, while gold volumes were subdued, as the screenshot below illustrates. Read More |
02.09.24- World Gold Council: "Blistering Central Bank Buying" Fuels Strong Gold Demand Total gold demand hit an all-time high in 2023, according to a recent report released by the World Gold Council. Last week, the World Gold Council (WGC) released its Gold Demand Trends report, which tracks developments in the demand for and use of gold around the world. Excluding over-the-counter (OTC) trade, 2023 gold demand fell slightly from 2022 to just under 4,500 tonnes. With OTC demand accounted for, last year’s demand peaked at 4,899 tonnes. Read More |
02.08.24- Hard Landing' To Hit |
02.07.24- What the Postponed Fed Pivot As we predicted, Jerome Powell threw a bucket of cold water on gold and the rest of the markets, and we’re now experiencing sell-offs as expectations reset. Gold, along with just about every other investment sector, continues to sell off in the wake of last week’s Fed meeting. Read More |
02.06.24- Gold prices to hit $2,200 and a ‘dramatic’ outperformance awaits silver in 2024, says UBS Gold and silver are expected to climb further in 2024 on expectations that the U.S. Federal Reserve will start cutting interest rates, UBS forecasts. “We are expecting gold to be pushed higher by a Fed easing. Also this comes with a weaker dollar” said the investment bank’s precious metals strategist Joni Teves, who expects the metal to hit $2,200 per ounce this year. Read More |
02.05.24- A Big New Development A recent development in COMEX silver futures positioning has been unusual enough that I didn’t detect it at first, because it has been somewhat gradual. Over the past five reporting weeks, from the COT report as of Dec 19, 2023 to the most recent report as of January 23, 2024, the number of long traders in the Other Large Reporting Traders category has increased by 29 traders, from 49 to 78 traders – which I believe is both the largest increase and largest number of long traders in this category ever. Read More |
02.03.24- Weekend Rant: World War 3 Closer Than We Think? 'Signs Are Moving in That Direction’ |
02.02.24- Uranium stocks extend surge after Kazakh miner cuts output Natural uranium product coming from Kazakhstan accounts for more than 45% of the global primary supply. (Image courtesy of Kazatomprom.) Uranium miners extended a rally that’s made them the best-performing Australian stocks this year after the world’s biggest producer of the metal used to produce nuclear fuel cut its output target. Read More |
02.01.24- What is Money? Who Controls Money? Gold is money! Silver is money! Everything else is credit! J. P. Morgan famously said this in his testimony before Congress in 1912: “Gold is money. Everything else is credit.” J. P. Morgan was the founder of JPMorgan Chase & Co., an American multinational financial services company headquartered in New York City. It is the largest bank in the United States and the world’s largest bank by market capitalization as of 2023. Read More |
01.31.24- How Much Does a Pound of Gold Cost? How much would it cost to buy a pound of gold? It actually depends on what you mean by "pound." Yes. There is more than one kind of pound. We typically talk about the price of gold in terms of ounces. As I write this, the spot price for gold stands at $2,046 per ounce. Read More |
Analysts: Gold Is About To Have This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: CPM Group says 2024 and 2025 will be even better for gold, why silver stayed dormant in 2023, and gold is getting pricey in Egypt. CPM Group: Gold has another two great years ahead Read More |
01.29.24- Gold in 2024 When interest rates rise and real rates on government bonds turn positive, the price of gold usually falls, but that is not what has happened over the past 18 months. Gold currently near all-time highs Gold prices are now hovering around US$2000 per ounce, which is around the all-time highs. What makes it unusual is that gold is at these levels despite a very significant increase in real interest rates in the US over 2022 and 2023. Read More |
01.27.24- China Public Now Buying Gold As superficially upbeat economic data propels the stock market to new highs, precious metals investors are questioning the story being told by Wall Street cheerleaders and government bureaucrats. On Thursday, the Bureau of Economic Analysis announced its Gross Domestic Product estimate for the fourth quarter. It beat expectations, with GDP growth coming in at 3.3%. Read More |
01.26.24- Top Picks in Silver Bob Moriarty of 321 Gold discussed the state of the gold and silver market with Streetwise Reports, and provided a look at his favorite companies this month. Analyst Bob Moriarty, founder of 321 Gold and 321 Energy, spoke with Streetwise Reports about recent downturns in the gold and silver market. Moriarty believes that current events, especially rising tensions in Israel and Ukraine and recent tensions between Iran and Pakistan, will have an impact on precious metals as uncertainty rises. Despite this, Moriarty said that precious metals are in a neutral position. Read More |
01.25.24- U.S. Mint Ramping Up Silver Eagle Sales
The U.S. Mint has sold nearly 5 million Silver Eagles in the first three weeks of the year compared to only 87,500 oz of Gold Eagles. This is a Big trend change compared to the previous three years, as the Silver-to-Gold Eagle buying ratio has more than doubled. Read More |
01.24.24- Gold & Silver Frenzy – JP Morgan Analysts Forecast Huge Moves This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: JP Morgan is very bullish on gold and silver, gold in the context of the main economic themes of 2024, and something mysterious is going on with Russia’s gold reserves… JP Morgan’s analysts issue rare recommendation for gold and silver Read More |
01.23.24- Viewing Gold In Its Proper Context Viewing gold in its proper context seems to be difficult for most gold bugs. The excitement associated with anticipation of gold at $3000, $10,000, or higher tends to overide real fundamentals and common sense. Not a few of the predictions for a new, higher gold price are just wild guesses. Some of the reasons given to support those guesses include a Fed pivot and reduction in interest rates, geopolitical concerns, a recession and weak economic activity, and a collapse in the U.S. dollar. There are others, but for now, lets look at these. Read More |
01.22.24- Gold ETF Outflows Have Dented the Outlook, but is a Turnaround in View? The SPDR Gold Trust (GLD) is down 2.2% month over month—but remains near all-time highs The gold ETF outflow trend is continuing in 2024. Market recalibration around Fed rate-cut bets is dampening the outlook. Will investors return to gold ETFs when the Fed starts to cut? Read More |
01.20.24- And Now, for Something Entirely Different: The Goldilocks Economy Is a Fairytale The mainstream psyche has latched onto a Goldilocks scenario where inflation dies, interest rates fall, and the economy glides to a soft landing. People should probably read the end of the story because Goldilocks dies. Also – it’s a fairytale. Read More |
01.19.24- From Dystopia to Utopia in Gold & Silver
This article will be short but very sweet. We’re finally approaching the lows in Goldand Silver, which will coincide with the peaks in the 10-Year Yield and the DXY. The Banks are racing to cut their short positions in the precious metals. They cut their net short position in Silver by 50% last week alone. Read More |
01.18.24- Von Greyerz & Piepenburg: Golden Answers to War, BTC and 2024 Risk Levels In this first discussion of a longer series focusing on key risk themes nearing a 2024 breaking point, Matterhorn Asset Management principals, Egon von Greyerz and Matthew Piepenburg, open with a blunt discussion on the critical (as well as controversial) topics of geopolitics, escalating war signals and the key differences between gold and BTC in a global setting of open currency destruction. Read More |
01.17.24- Gold Builds Support at $2,000; Gold appears to have built solid support above $2,000 an ounce, but momentum to move higher in the short term has eased with uncertainty about the timing of Federal Reserve rate hikes. But short-term sentiment aside, there are plenty of reasons to remain bullish on the yellow metal. Read More |
01.16.24- 2 Undeniable Gold Trends This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Are the comparisons with 2008-2011 in gold holding up? The World Gold Council’s 2024 outlook for gold and China’s gold-buying streak extends to 14 months. Read More |
01.15.24- Catch the Gold Wagon or Lose Your Fortune With the US shooting itself in the foot again, we are now certain that this is the final farewell to the bankrupt dollar based monetary system. More about this follows but, in the meantime, an extremely important warning:If you have never been a goldbug, this is the time to become one. Read More |
01.13.24- The Geopolitical Year-Ahead: BRICS, Gold, & Israel Gone Rogue 2024 will see a quickening pace for geopolitical developments, with the influence of the US waning while that of China and Russia waxes. As a lost cause, the war in Ukraine will be abandoned by America and NATO in the next few months. The dangers in the Gaza situation are likely to escalate, with the US being played by Iran acting in collusion with Russia through the Houthis. Read More |
01.13.24- Gold & Silver Are About to Make MAJOR Moves?! This is What's Coming Next! |
01.11.24- Gold isn’t responding to shifts in US interest rate like it used to
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01.10.24- Silver is underpriced given supply and demand dynamics Global industrial demand for silver in 2023 is expected to set a record leading to another big market deficit, according to preliminary projections by the Silver Institute. And silver isn't currently priced for this dynamic. Read More |
01.09.24- The “Silver Guru” David Morgan reveals gold, silver, dollar and fiat currency |
01.08.24- More Golden (and Black-Gold) Proof: The Dollar is Totally Screwed Ever since day-one of the predictably disastrous and politically myopic insanity of weaponizing the world reserve currency against a major power like Russia, we warned that the USD had reached an historical turning point of slow demise and increasing de-dollarization. We also warned that this would be a gradual process rather than over-night headline, much like the slow but steady death of the USD’s purchasing power since Nixon left the gold standard in 1971: Read More |
01.06.24- Three Factors Driving Gold Bulls There are three factors driving gold bulls as we move into the new year – the demand factor, the Fed factor, and the January factor. Gold just wrapped up its best year since 2020 with a 13 percent gain, and the yellow metal has new records in its crosshairs as we move into 2024. Read More |
01.05.24- Gold Set To Make History In 2024 The gold market is poised to make history in 2024. It enters the New Year within striking distance of new all-time highs. How high will gold go? Much depends on how low interest rates and the U.S. dollar go. The Federal Reserve ended its rate hiking campaign last fall. It is expected to pivot toward monetary easing later this year. That should work to the benefit of gold and other hard assets. Read More |
01.04.24- An Insight Into Russia’s View on Gold
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01.03.24- Gold Prices Predicted To Hit Record Highs of $2,300 In 2024 After prices jumped in 2023, gold is entering 2024 with many experts suggesting the safe haven asset could hit record highs this year. In 2023, gold prices jumped from around $1,823 per oz. to $2,062 per oz.—an increase of over 13 percent—making it the best year for the yellow metal since 2020. On Dec. 4, gold hit a record-high price of $2,135.40 per oz. For 2024, experts predict gold prices to move higher. Read More |
01.02.24- Debt’s Toxic Ripple Effects: Gold Flowing Toward Historical Repricing In Part I of this two-part conversation with Michelle Makori of Kitco News, Matterhorn Asset Management Partner, Matthew Piepenburg, looks at the key financial themes of 2023 and the critical trends to impact the year ahead. With markets rising on Powell’s projection of 2024 rate cuts, Piepenburg unpacks the Pavlovian nature of artificial (Fed-driven) rather than natural (balance-sheet-driven) markets and recognizes the near-term bull-case for risk assets in such a dovish backdrop. Piepenburg reminds, however, that there is a massive difference between artificial market moves and Main Street realities. Read More |
01.01.24- Gold in 2024 To market observers, gold appears ready to break into new high ground measured in all the major currencies. In fact, it is the currencies’ collapse in their values, rather than gold rising. Appreciating this distinction is vital for understanding the future of the gold/currency relationship. To support this thesis, the relative price volatility for commodities and energy in dollars and gold are compared. Gold wins hands down as the objective value in commodity transactions. It is hardly surprising, bearing in mind that gold is legal money and currencies are credit with counterparty risk. Read More |
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