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 |
12.30.23- Gold Is Now Definitely An Impulse Buy Walmart joins Costco in selling gold bars, while states make the metal "money" Recently, Costo began selling gold bars on its website (see Did Gold Just Become An Impulse Buy?). The bars were a big hit, generating revenues of $100 million in the most recent quarter. Now Walmart has opened its own Precious Metals Shop: Read More |
12.29.23- This Will Send Gold Off To The Races Peter Schiff recently appeared on the Commodity Culture podcast to talk about gold. He said that while gold has done relatively well this year despite significant headwinds, we haven’t seen anything yet. Once the markets realize inflation is here to stay, gold will be off to the races. While the price of gold has been slowly climbing, especially over the last couple of months, Peter conceded he thought it would have run much higher. But he remains bullish on gold. Read More |
12.28.23- The Seven Biggest Lies Told (and Believed) about Gold
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12.27.23- Gold Poised for a Breakthrough This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: $2,050 to $2,075 as the new resistance for gold, silver seems to be getting attention, and what’s in the small print of New Hampshire’s proposed gold as legal tender bill. 2023: A good year for gold in-between some historic ones? James Stanley presents us with a technical outlook on gold over the past two years along with rather bullish expectations for 2024. He calls 2022 a “doji” year for gold: a trading term that here means a lot of rangebound or stale trading. Read More |
12.26.23- As the dollar goes to ZERO, Gold will reach unthinkable heights. Matterhorn Asset Management founder, Egon von Greyerz, sits down with Darryl and Brian Panes from as Good as Gold Australia to discuss the major economic and precious metal themes, including the slow and now more imminent demise of the global financial system in the wake of irrational and destructive credit expansion. With necessary humor and humility, Egon discusses how this otherwise serious and destructive debt and currency cycle, warned decades ago, is reaching its objective (and exponential) culmination following the American closing of the gold window in 1971. Read More |
12.25.23- Five gold rings? I’d rather have silver Demand for rare metals is likely to soar over the next 10 yearsAll I want for Christmas is silver, copper and uranium rings . . . plus, maybe, some recycled gold. When gold plunged to $1,355 in April 2013 financial advisers lined up to warn me that the metal was “just speculation” and “not a traditional investment” because it didn’t pay an income. But all I should have asked for at Christmas in 2013 was the investment equivalent of five gold rings: shares in iShares Physical Gold. Ten years later I would have doubled my money, as gold passed $2,000 to reach record highs. Read More |
12.23.23- Gold Stocks’ Lost Year The gold miners’ stocks have suffered something of a lost year, with this small contrarian sector largely overlooked. Investor apathy remains high despite miners’ soaring earnings fueled by much-higher gold prices. But 2023’s unusually-subdued gold-stock price action was driven by several major anomalies that have run their courses. As markets normalize in 2024, gold miners have lots of mean-reversion rallying to do. Read More |
12.22.23- Sound Money Movement Against the backdrop of high inflation rates and geopolitical uncertainty, states are increasingly enacting measures that encourage saving in precious metals and even using gold and silver as money. With five bills signed into law in 2023, sound money reforms are gaining momentum across the United States. Read More |
12/21/23- Deficits to Power Gold Higher Milton Friedman’s most famous line was: “Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” We assert that Friedman should have used the word debasement instead of inflation, that debasement occurs when the state increases the quantity of money regardless of growth in output, that inflation (as colloquially understood as rising consumer prices) is a lagged effect of debasement, always proceeded by bubbly asset markets, overinvestment in fixed capital, and then a market crash. Quibbles aside, it would seem unbalanced to dispute the connection between debasement of the coinage (or currency) and rising prices. Read More |
Why Gold and Silver Just Surged
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12.19.23- ‘We Sold Over $100 Million of Gold During the Quarter’: Costco CFO The blockbuster sale comes as gold prices hit an all-time intraday high this month and are expected to remain elevated next year. Wholesale retailer Costco sold more than $100 million worth of gold in the most recent quarter, with gold bars seeing high demand from customers. Read More |
12.18.23- Silver’s window of opportunity is closing, with prices poised for an Fed rate cuts next year likely will help fuel a rally in silver prices. So does the green energy push. Silver prices could be headed for an “explosive” rise in 2024 if global supplies continue to fall short of demand, and the Federal Reserve makes good on its plans to pivot to interest rate cuts in the coming months, according to metal-markets analysts. Read More |
12.16.23- A Glimpse Of The Future Yesterday was the next five years in microcosm One of the (many) disappointing things about the gold/silver miners has been their failure to respond when precious metals have gone up. Gold, though not exactly on fire for most of 2023, did touch a new all-time high in early December. But (as far as I know) not a single gold/silver miner was anywhere near a 12-month, let alone an all-time high. Read More |
12.15.23- Silver Rush: Precious Metal Powers Toyota & GM's Clean Speed Machines Cleaner, Faster, Emission-Free: Toyota & GM Fuel Cell Growth Intensifies Silver ShortageIn a groundbreaking development, researchers at the SLAC National Accelerator Lab, Stanford, and Toyota are turning the tables on traditional hydrogen fuel cell technology. Say goodbye to the pricey platinum catalysts, as silver emerges as a cost-effective game-changer, making fuel cells more practical for widespread use. Read More |
12.14.23- Final Resistance for Gold & Silver Gold has pulled back after a mini-blow-off on Monday that followed a new monthly and weekly all-time high. It had cleared monthly resistance at $2000 and weekly resistance near $2030 before surging intraday to over $2100. Gold has settled in the $2000s with strong support, around $2000. Although Gold has not broken out on the daily chart, the monthly and weekly breakout is more significant and implies a daily breakout will eventually follow. Read More |
12.13.23- $15,000 Gold I continually remind gold investors, whether in bullion or mining shares, not to get too euphoric when gold rallies and not to get too depressed when the dollar price retreats. Gold is still the best form of money and proves valuable to investors over time. This is true whether inflation or deflation prevails. The key for investors is to stay focused on the long-term attributes of gold and not get caught up in day-to-day price moves. The dollar price of gold is volatile. For example, gold’s down over $17 today. But that’s not significant. Read More |
12.12.23- Gold Not Yet, Copper Will Retest $4 Gold and copper have both been on a tear lately for different reasons. Here we discuss why, and offer our predictions of where the gold and copper markets are heading. Gold Gold on December 1st hit $2,075 for the first time, breaking the previous record high set in August 2020, of $2,072. The precious metal continued to climb over the weekend, with spot gold marking a new record in Asia trading of $2,135.99 an ounce. Read More |
12.11.23- Just Another Bullion Bank Intervention
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12.09.23- The gold market has a big hill to climb as prices lose 3% after hitting all-time highs According to some analysts, next week will be an important test for the gold market as a hawkish Fed could put downward pressure on a market that is already sensitive following Monday's blow-off top. After hitting a record high around $2,150 an ounce at the start of the week, goldprices are heading into the weekend down more than 3%, testing critical support just above $2,010 an ounce. With a $141 swing this week, the gold market saw the most volatility since mid-August 2020, just after gold established its previous record high. Read More |
12.08.23- A Rising Stock Market Does Not Drive Economic Growth Many people believe that a general increase in stock prices is an important factor in economic growth. However, this is a questionable observation. The view that the stock market drives economic growth originates from the observation that changes in stock prices precede changes in economic data. We suggest that various economic indicators are heavily influenced by money supply, which also drives stock prices. Read More |
12.07.23- The Reckoning Begins… Are gold prices and interest rates joined at the hip? Based on recent market action, it would appear the answer is: yes. A major rally in gold is now underway. Gold moved from $1,831 per ounce on Oct. 6 to $2,091 per ounce on Dec. 1, a 14.1% rally in just eight weeks and a new all-time high price for gold. Read More |
12.06.23- Gold Price Spikes to All-Time High, Will It Happen Again? This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold passes $2,100 to post a new all-time high, the only two solutions to the global debt crisis aren’t applicable, and a recent government study returns some very rough inflation data. $2,100: The most remarkable all-time high for gold in the last decade Read More |
12.05.23- Silver Looks Like a Real Bargain At the current price, silver is a real bargain. Gold went on a run late last week, setting an all-time record high last Friday and breaking the $2,100 level for a brief time in overseas trading Sunday night. Silver also rallied but continues to lag behind gold. In fact, silver looks significantly underpriced based on both its historical relationship with gold and the supply/demand dynamics. Read More |
12.04.23- Gold, Always Believe In Gold!
Gold has hit new record dollar levels – reflecting not just current uncertainty, but also the de-dollarisation narrative and it’s attractions as an inflation and market hedge, and long-term value. It’s worth keeping an eye on. Read More |
12.02.23- Can The Rally In Gold and Silver Continue? Both gold and silver have experienced a significant rally in price over the last month. But with gold above $2,000 again, while silver's over $25, will the rally continue? Obviously no one knows the future (although wouldn't it be great if we did?), but in today's show, Dave Kranzler of Investment Research Dynamics looks at the different factors that are affecting the market, and analyzes the most probable outcomes. Read More |
12.01.23- Gold: Monthly Closing Above USD 2,000 Triggers Breakout Rally Commencing from the low on October 6th at USD 1,810, the price of gold surged by nearly USD 200 or 11% in the subsequent three weeks, reaching USD 2,009. A two-week retracement brought the prices back to the 200-day moving average (back then at USD 1,933) by mid-November. However, new buyers swiftly emerged at this crucial support, allowing gold prices to promptly recover. Consequently, prices consistently flirted with the psychological USD 2,000 mark in the past trading week, only to shot up to USD 2,046 as of today. Gold – Monthly Closing Above USD 2,000 Triggers Breakout Rally. Read More |
11.30.23- Gold Price Forecast: Breakout Alert With the new buying pressure following the Israel / Hamas war, combined with speculation that the US Federal Reserve may be done hiking interest rates in the near future, gold is preparing to break out from a major 4-year consolidation. New all-time highs appear to be on the precipice for the precious metal. In this article, we will detail the trigger points for gold’s breakout, the pathway forward for the precious metal, and how investors should prepare. Read More |
11.29.23- Gold Prices Over $2,000/oz This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold’s downside doesn’t sound so bad these days, where we are on the 1970s track, and gold demand surging as Indian buying returns to pre-pandemic levels. Read More |
11.28.23- The COMEX Silver Dilemma... |
11.27.23- Is Gold A Manipulated Market? If so, it's now manipulated upward Some readers responded to last Wednesday’s post on gold’s trading pattern (Gold: Resistance Is … Finite) with shock that I didn’t know gold is a manipulated market where technicals don’t matter. This gives us a good jumping-off point for a look at several forms of gold manipulation that have been practiced over the years: Read More |
11.25.23- Silver – The Perfect Investment Viewed as both an industrial and precious metal, silver can offer versatile risk protection for market participants. Like gold, silver offers a historically low correlation to assets like stocks and bonds. Silver – A bridge between industrial and precious metals Read More |
11.24.23- Gold: Resistance Is...Finite The human mind likes big round numbers. Which is why, when a tradable asset is rising, sell orders tend to cluster in predictable spots. The frequent result is a repeating pattern of strong gains running into waves of selling that knock the price back down. Traders refer to this as “resistance,” and it’s maddening for long-and-strong investors who just want their stock or commodity to go straight up. Today’s gold chart is a classic example. Read More |
11.23.23- What We Know About Gold What we know about gold is simple and straight forward. Gold is real money and a long-term store of value. Gold’s value is in its use as money. Its price has nothing do with its value. In fact, the price of gold has nothing to do with gold at all. The higher price of gold over time is a reflection of the loss of purchasing power in the U.S. dollar. Read More |
11.22.23- An Overt Manipulation With the recent felony convictions of several J.P. Morgan traders, including their one-time head of precious metals trading, Michael Nowak, some have concluded that COMEX price manipulation has ended. No way. Not a chance. There's too much easy money to be made. As I've observed COMEX precious metal trading over the past thirteen years, I've seen price management and manipulation nearly every day. Sometimes the manipulation is more covert, like the price swings that surround the twice-daily London Fixes. Sometimes the manipulation is more overt, like the battle to avoid a weekly close above $2000 that we saw two weeks ago, culminating with a close of $1,999.90. Read More |
11.21.23- DC Cancelled Common Sense It doesn’t require decades of financial expertise to balk at the notion of selling retail air conditioning units in Siberia or lemonade stands in the heart of the Arctic. That is, even a high-school freshman would foresee the likely mis-match in supply and demand. After all, unwanted assets, including USTs, can often have more supply than demand. In other words: Common sense matters. Read More |
11.20.23- Positioning in metals for economic recovery “If it bleeds it leads” is a well-worn expression for describing how the media reports the news, if you can interview a victim/ family member and get them crying, well that’s even better for ratings. But all news isn’t bad, or that good news doesn’t deserve a higher position in the news hierarchy. Two cases in point: this week’s APEC summit meeting between US President Biden and Chinese President Xi, and a very interesting development coming out of Taiwan. Read More |
11.18.23- An Answer Long-Overdue One of the key data points in silver is the level and change in recorded bullion inventories, primarily in the COMEX warehouses and the silver ETFs. Particularly over the past few years, any number of daily commentaries have sprung up, slicing and dicing the inventory data, with special emphasis on the COMEX warehouse data, as total inventories there have fallen from roughly 400 million oz (the all-time high) at the start of 2021, to 266 million oz today, a decline of a third and supportive of a physical shortage.Read More |
11.17.23- We Finally Figured Out Why It’s a pleasure to reflect on the achievements of legendary investor Warren Buffett. He’s both chairman and CEO of Berkshire Hathaway, and is worth about $50 billion today. The “Oracle of Omaha” is undoubtedly the most celebrated and revered living businessman in the U.S. today. He made his fortune by investing in businesses based on fundamental analysis, and Berkshire Hathaway has grown twice as fast as the typical American business. Read More |
11.16.23- Gold & Silver New All Time HIGH? What's Next for the Shiny Metals? |
Jim Rogers expects gold and silver to outshine other assets during a period of historic inflation and widespread worry about a recession.
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11.14.23- Dollar Weakness May Send Gold Surging to This Staggering Figure This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Gold forecasts ahead of the election, Powell feints as U.S. economy crumbles, and Kuwait bolsters its place on the list of gold consumers. Experts forecast a shaky dollar will send gold to $2,500 next year Read More |
11.13.23- Playing into Putin’s hands – again The Great Game of geopolitics faces a new challenge. The new hotspot is Israel and the Muslim Middle East. Ukraine is all but over, and the US is likely to abandon her to her fate — like Afghanistan. We shall have to see how both will play out. Meanwhile, energy prices are set to keep inflation and interest rates high, undermining governments, banking systems, and businesses dependent on cheap credit. Read More |
11.11.23- Gold Clings to Its War Premiums
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11.10.23- Gold Stocks: The Time is Now In 2000 a great stock bubble rolled over, the US dollar was soon to roll over into a bear market, commodities remained in a bear market for another year, and one unique sector rose, improbably enough to the majority. Gold and gold stocks bottomed, exited a long bear market and turned up in 2001. What actually happened was what often happened in the great age of bubble making (by monetary and fiscal policy). Gold and the miners led a recovery that eventually included commodities and later, stock markets. The rest is history; a long and bubbling history spanning two decades. Read More |
11.09.23- Gold Prices Record Their Strongest October Surge In Nearly Half A Century The yellow metal rallied an incredible 7.3% last month to close at $1,983 an ounce, its strongest October since 1978, when it jumped 11.7%. The price of gold had its best October in nearly half a century, defying tough resistance from surging Treasury yields and a strong U.S. dollar. The yellow metal rallied an incredible 7.3% last month to close at $1,983 an ounce, its strongest October since 1978, when it jumped 11.7%. Read More |
‘They’re Gonna Print the Money’: Investor Luke Gromen Says US Government Will Be Forced Into QE To Avert Crisis Macro investor Luke Gromen says the US government will soon be forced to print more money to address its rising debt and obligations. In a new interview with Peter McCormack on the What Bitcoin Did podcast, Gromen says that with the combination of diminishing productivity and rising costs, the US will face a simple choice between printing more money or defaulting on its debt. Read More |
11.07.23- Markets, Riots, War and Peace With plans to attend memorial service for a dear teacher friend of 92, as Rick asked for a modest commentary, thoughts turned to finite things. JFK’s poet laureate Robert Frost wrote: Nature’s first green is gold, |
11.06.23- AI Boom Could Boost Demand For Precious Metals The boom in AI could mean a boom in industrial demand for precious metals in 2024. Metals Focus, an independent precious metals research consultancy, released a note recently that said it expects the increased demand for chips powering AI technology to drive “widespread support for a range of precious metals bearing components.” Read More |
11.04.23- Why Silver Could Do We know silver has underperformed gold significantly since 2011 which is a bullish sign because when investors favor gold over silver it means that they are more interested in safety than speculative gain so it is a sign of the sort of pessimism that classically accompanies market bottoms. Looking at the long-term chart for silver going way back to 1980 it is remarkable to observe that it is still below the level it was at in 1980 and this is in nominal terms. Read More |
11.03.23- Debt, Inflation, War & the Incontrovertible Case for Gold Should you buy gold now? Or, should you wait? The pat answer is “it all depends”; which is true, but, it’s an inadequate answer. A bigger problem might be the question itself. Why would someone who is planning to buy gold now decide to wait? Some people might hesitate because they haven’t seen the price action they expected. For others, it might be a lack of commitment. Read More |
11.02.23- $2,000 gold is just the beginning. Here’s what might happen next– Public Law 93-373 was supposed to be so boring that Congress didn’t even bother to give it a name. You know how most laws passed by Congress have some fancy name– like the “Inflation Reduction Act” or the “USA PATRIOT Act” or some such nonsense? Read More |
11.01.23- When Investors Sour on Risk, This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold doesn’t want to leave $2,000, how the U.S. government has indebted you by around $100,000, and Canada releases 2023 coin from single-source mine. Forecasters predict $2,050-$2,075 as the next key targets for gold price The last week has shown us two things, if everything else remains a little muddy: gold’s price was driven in some degree by the Israel-Hamas conflict. While having its ups and downs over the past week, gold sat above $2,000 since Friday. Read More |
10.31.23- Gold’s New Major Upleg A new major upleg is underway in gold, which should easily achieve new all-time-record highs. That will greatly boost investor interest and capital inflows into this leading alternative asset. Despite gold’s sharp V-bounce, speculators’ gold-futures positioning remains really bullish. Their huge normalization buying still coming ought to drive gold high enough for long enough to attain records and attract back investors. Read More |
10.30.23- Inflation Deception Enables Cheerleaders to Claim Economy Is Growing Well, if you believe the reporting coming out of the mainstream financial media, then the economy is going gangbusters. Third quarter GDP came in on Thursday at a better than expected 4.9%. That represents an acceleration of economic growth, at least officially, despite the Federal Reserve's ongoing campaign to cool demand. Read More |
10.28.23- What Does The US Dollar Have in Common with a Mermaid? Last week we covered how inflation plays a critical part in managing wars and was possibly the deciding factor in the war between the states (Civil War) in the US. We also covered how an unbacked war time US currency was ultimately declared unconstitutional. This week we discuss how our current unbacked currency has made a binding legal definition of the dollar challenging at times. Court battles have been won against the dollar that suggest it does not fulfill its legal requirements, but the very nature of this topic is dangerous to the US so it can easily be understood. Read More |
Why have all Chinese banks disappeared from the LBMA Gold Price auction? There has been an unprecedented departure of all the Chinese banks from the LBMA Gold Price auctions. These departures have gone uncommented by the LBMA, the FCA, the mainstream media, the auction administrator ICE Benchmark Administration, and by the Chinese banks themselves. The exit of the Chinese banks raises questions as to what this has done to the auction liquidity and price discovery as the auctions are not reflecting supply and demand of gold from China – the world’s largest gold miner, gold importer and gold consumer. Read More |
10.26.23- Debt, Inflation, War & the Incontrovertible Case for Gold In this extensive conversation with Cambridge House CEO, Jay Martin, Matterhorn Asset Management partner, Matthew Piepenburg, shares his insights on the historical interplay of war, over-indebted nations, broken bond markets, currency debasement and their inflationary consequences, all of which lead toward (and confirm the importance of) physical gold investing.Read More |
10.25.23- Are the Chinese Selling Dollars Are the Chinese selling US dollar-denominated assets to buy gold? It sure looks that way. Chinese investors sold $21.2 billion in US assets in August alone – primarily US Treasury bonds. Meanwhile, the Chinese government has been buying gold at a steady pace. Writing at FXEmpire, analyst Vladimir Zernov said there are two dynamics driving the Chinese to sell US assets. Read More |
10.24.23- ECONOMIC CRISIS is About to UNFOLD: Should You Get Gold & Silver Now |
10.23.23- The Gold Price And Geopolitical Concerns Investors and others often use the term geopolitical to describe investment risk arising from various conflicts between individual countries and, also, among nations in general on a worldwide basis. Here is the definition of the term from Oxford Languages ... adjective: geopolitical; adjective: geo-political
Our concern is the use of the term to justify recent activity in the gold market based on the perceived role of gold as a safe haven asset and the accompanying predictions of much higher prices. Read More |
10.21.23- The Sun is Setting on Faltering West and Rising for Gold |
10.20.23- Implications of False Breakdown in Gold Amid escalating conflict in the Middle East and its oversold condition, Gold surged higher last Friday to nearly $1945/oz. That surge occurred days after a bullish intraday reversal from $1823/oz on October 6 and a gap higher on October 7. Then Gold continued higher for a few days before Friday’s explosion. In September, Gold broke down and lost support at $1900, losing the 40-month moving average and 50% retracement around $1850/oz. Read More |
10.19.23- Every Signal Indicates That War With Hezbollah Is About To Start As Iran Raises
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10.18.23- Gold & Silver Prices About To BURST! What's Next? |
10.17.23- The Only Asset People Want During War Two wars: good for gold, bad for everything elseNews of the surprise Hamas attacks on Israeli civilians rocked the world. The subsequent safe-haven demand sent gold prices rising 6%, nearing March highs and above the previous week’s lows. (Please note I don’t mean to be callous; I mourn the innocent lives lost on both sides of the conflict. However this simply isn’t the appropriate forum for airing my opinion on the geopolitical decisions that led to this war.) Read More |
10.16.23- Don’t rely on GDP An important error in statistical analysis is that mathematical economists have lost sight of what their beloved statistics represent —none more so than with GDP. I explain why GDP is simply the total of accumulating currency and credit which is wrongly taken to reflect economic progress — there being no such thing as economic growth, only the growth of credit. Once that point is grasped, the significance of this basic error becomes clear, and the fiat currency paradigm is revealed for what it is: a funny-money game that will go horribly wrong. Read More |
10.14.23- The True Costs of a “Cashless Economy” There is a lot of talk in financial circles about the shift in the U.S. economy toward a “cashless society.” Naturally, there are both benefits and drawbacks to such a radical change. Because of the required technological progress, many reports focus on the advantages of an economy that goes cashless. For example, the IMF claims outlawing cash would “increase our economic welfare”: Read More |
10.13.23- Shades of the Seventies Gold: September 1979 revisited‘If there ever was an area in which to do the exact opposite of that which the government and the media urge you to do that area is the purchasing of gold. Start buying gold now, regardless of the price. By acting now, you will not have to react when it is too late…too late will be when the majority of the public finally figures out what is happening (to paper assets) and frantically tries to get aboard. Remember, if you are one of the ones holding paper in the end, you will have given away your products and services for nothing.’ – Robert Ringer, US author Read More |
10.11.23- Gold price ends nine-day losing streak but still negative for the week It has been a difficult week for gold as the market saw its longest daily losing streak in seven years with prices hovering near their lowest levels since March. Although gold prices can still fall further in the near term, some analysts have said there could be some light at the end of the tunnel. The precious metal is looking to end Friday's session with modest gains, ending a nine-day losing streak. Read More |
10.10.23- The Spectacle, Gold
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10.09.23- Defense Metals Events taking place in Palestine over this last weekend demonstrate just how the nature of warfare is changing at the speed of light. Videos sent on Saturday the 7th of October show a $500 drone controlled by a teenager using a $100 cell phone dropping a $50 mortar round on a $10 million dollar Israeli tank. At the end of the battle both the $50 mortar round and the $10 million tank have been destroyed. The cell phone and the drone can be rearmed should another tank show up on the battlefield. It demonstrates that as long as toy drones are available spending money on expensive tanks is a waste of time. Tanks are to modern warfare what battleships were to Pearl Harbor. But the technology that goes into cell phones and drones is becoming very valuable. Read More |
10.07.23- ETFs Backed by Gold Are Now on Track Strengths
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10.06.23- Gold Forecast: The Next Bond Crisis Will Send Gold Soaring The current washout in metals and miners is purely technical (banks covering shorts). It should end quickly, and then we start the next significant advance, which I suspect will take gold above $2100. The US may be approaching a crisis if long-term Treasury yields continue to spike. Read More |
10.05.23- Back On Crash Watch In late 2022, we were formally on "Crash Watch" as both fixed income and equity markets sold off. The S&P 500 reached down to the 3500 level, but it then reversed as interest rates moved lower. It's now late 2023 and the same setup has emerged. As such, we are back on Crash Watch. Let's think of this in meteorological terms. For example, a Tornado Watch is issued when the conditions are present for severe thunderstorms and tornadoes. A Tornado Warning is only issued once a tornado is sighted or suspected to be forming. Maybe think of it this way: Read More |
10.04.23- Gold: Good News Is Bad News In many ways investors should look to the past for lessons. The eighties, seventies or fifties? No, they should look to the “biblical past”. First came wars, followed by food shortages, then a pandemic, then fires and floods. What’s next? Kingdom against kingdom? Today we are experiencing all the above, and to some investors, the financial apocalypse. We believe the next disaster is inflation. Read More |
10.03.23- Costco Gold Rush Triggers New Wave of Mainstream Demand What we learned from Costco’s foray into gold bullion Last week, we covered State Street’s survey which showed that the Western investor remains very unaware of gold. Can that really be true, we wondered, after the last few years? Considering gold’s historical track record and the unique benefits of physical gold ownership? Read More |
10.02.23- Gold's selloff doesn't change the long-term bullish outlook - Saxo Bank
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09.30.23- Copper and silver: the electrical metals Copper is one of the most important metals with more than 20 million tonnes consumed each year across a variety of industries, including building construction (wiring & piping,) power generation/ transmission, and electronic product manufacturing. In recent years, the global transition towards clean energy has stretched the need for the tawny-colored metal even further. More copper will be required to feed our renewable energy infrastructure, such as photovoltaic cells used for solar power, and wind turbines. Read More |
09.29.23- The Silver Denarius and the Fall of Rome As we conclude our Silver September Series, we delve into a chapter of history that holds a mirror to our present times – the fall of the Roman Empire and the role of silver in it. The tale of the Roman Denarius offers not just a glimpse into the past but also a warning for the future. But before we get into that, here are some silver tidbits you might find interesting... Read More |
09.28.23- Bank Collapse INCOMING: What's Holding Gold & Silver Back? |
09.27.23- This Is What a Minsky Moment
During my recent discussion on global de-dollarization with Dr. Ron Paul, I briefly described the business cycle as described by the economist Hyman Minsky. If you’ve heard of him at all, you’ve probably heard references to a “Minsky moment.” Today I’d like to take a little time to explain Minsky’s theories, and why they’re vital for understanding the U.S. economy today. Read More |
09.26.23- Everyone Would Buy Gold Investors could benefit from more education about goldState Street’s chief gold strategist George Milling-Stanley, known among other things for his accurate forecasts on the metal, recently discussed the issue of coverage in financial media. He highlighted some points that suggest gold demand from private investors may be lackluster simply due to a lack of knowledge. Read More |
09.25.23- Estimated World Official Gold Holdings Reach Record High My estimation of global official gold reserves hit 38,764 tonnes in Q2 2023, breaking its previous record from 1965. The new high confirms the world has entered a new era of gold. Central banks will continue to accumulate gold and the metal’s role in the international monetary system will increase to the detriment of the US dollar. The new record in world gold reserves reflects a desire by central banks the world over to diversify away from the US dollar with its ever more evident counterparty risks. Read More |
09.23.23- The Bonfire of the Silver Shorts After 40 years of silver price manipulation and suppression on the COMEX, the physical market has experienced a lack of production growth and enhanced demand brought about by too-low silver prices. According to the immutable law of supply and demand, silver is now in a deepening physical shortage in which sharply higher prices are both required and inevitable. The key element that I speak of today is the likely behavior of the short sellers of silver derivatives. Investors hold 2 billion ounces of silver in industry-standard 1,000-ounce bars and a similar quantity in smaller bars and coins. Since these holdings are owned outright, there is no short position as exists in every derivatives contract, including COMEX futures and options and OTC swap contracts. Read More |
09.22.23- A Few More Days Then Everything Starts To Scream Higher Based on the five to seven day rule for a bloodbath phase, bonds are on day one, what it looks like to me, so they probably got four to six more days to go. That means stocks have four to six more days to go before they turn and go back up. Gold may sniff out a little early ahead of the stock market, so it may not have the full four to six days. It may bottom a day or two ahead of stocks, but be prepared here, everything is about to start screaming to the upside once we finish that bloodbath phase in the bonds. Read More |
09.21.23- Gold, Silver Trend Higher Ahead Of Latest Fed Meeting Once again it's time for another Federal Reserve policy meeting, where they provide their latest update on their balancing act between keeping up their fight against inflation, and avoiding a recession/banking collapse in response to the higher interest rates. As many forecasted over the past 10 years during the 0% interest rate decade, it's become a tricky dynamic to maneuver. We've already seen bank failures earlier this year that forced the Fed to launch a new funding facility to take assets that were losing value off of the banks' balance sheet. And as we will cover in today's show, the pressure in the banking system still appears to be far from over. Read More |
09.20.23- Why Is Gold in China Worth More than Anywhere Else? Why Chinese gold premiums recently hit record highs Alasdair MacLeod delved deep into a few gold market highlights recently, with the primary story explaining Chinese gold premiums. This isn’t “merely” a case of gold outperforming in a non-dollar currency, as has been the case in virtually every foreign country. No, Chinese gold is, simply put, more expensive to purchase. Last week, premiums on the Shanghai Gold Exchange rose to $120 over the London price. What’s more, Chinese shoppers were willing to pay the higher price. Why? Read More |
09.19.23- Gold Overcoming Dollar
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09.18.23- Currency wars versus gold standards Russia and the Saudis are driving up oil and diesel prices. But these moves are likely to undermine the rouble more than they undermine the dollar, euro, and other major currencies. Therefore, higher energy prices will rebound on the Russians this winter: if they shiver in Germany, they will freeze in Russia. If the dollar is king of the fiats, the rouble is just a lowly serf. There is little doubt that Putin and his advisers are aware of this problem. Plan A was to introduce a new gold-backed BRICKS currency which might be expected to weaken the dollar and euro relative to the rouble. Plan B was more drastic: to back the rouble itself with gold. This is the financial equivalent of dropping a hydrogen bomb on the dollar and the global fiat currency system upon which it is based. Read More |
09.16.23- Silver whipsawed Gold and silver prices fell this week in light trade, with US markets closed on Monday for Labor Day. In European trade this morning, gold was at $1925, down $15 from last Friday’s close, and silver was at $23.05, down $1.10. Holidays are the speculators’ enemy. Holding trading positions over a weekend is risky, let alone an extended one, such as occurred last weekend. They started to wind down their position last Wednesday, bringing silver prices perilously close to stops, making it simple for the Swaps on Comex to take them out with a few short sales. Read More |
09.15.23- Transitory 2.0 Is Coming for Gold While the crowd believed the Fed when it proclaimed inflation was contained, another mistake is unfolding as we speak. Early Warning Signs Throughout 2021, investors were soothed by the Fed’s nonchalant inflation attitude and assumed the central bank had the situation under control. And while we warned that the pricing pressures would eventually rattle risk assets, 2022 brought harsh realities and killed the “transitory” narrative. Yet, with a similar misjudgment keeping optimism uplifted, Transitory 2.0 should rattle gold before this cycle ends. Read More |
09.14.23- Here's what the gold-silver price ratio tells us about silver
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09.13.23- Why Silver Is One Of The Most Important Elements On Earth This month, we’re shining a spotlight on silver. Did you know that in over 14 languages, the word for "silver" is synonymous with "money"? That's no coincidence... It’s far more than your ordinary metal, silver is a versatile marvel that has fascinated humanity and been used as money for thousands of years. Read More |
09.12.23- Insider Gold Buying Reaches New Record Level This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Global gold holdings rise to highest level since 2012, a one-way flood of gold from West to East and are we missing out on platinum’s comeback? Central banks are pushing gold investment to the highest level in over a decade Read More |
09.11.23- 1500-year-old gold treasure discovered by metal detectorist: “This is the gold find of the century in Norway” Nine gold pendants with rare horse symbols, ten gold beads, and three gold rings from the 6th century were recently discovered by a metal detectorist in Southwestern Norway.Erlend Bore just wanted a hobby. So before this summer, he bought a metal detector. To get him off his couch and go treasure hunting.Read More |
09.09.23- Russia Driving the Multi-Trillion Gold Runaway Train |
09.08.23- Gold & Silver Are Facing 2008-Like Conditions |
09.07.23- Silver: A Sure Thing? I have contended for the past near-40 years, that silver has been manipulated and suppressed in price by means of excessive short selling on the COMEX, mostly by commercial traders which happen to be mostly banks. As a result of this decades-long price suppression, the law of supply and demand has become artificially distorted. The low price has reduced supply and current production and increased demand (both industrial and investment) to the point where a wholesale physical shortage has emerged. Read More |
09.06.23- Here’s Why Everyone Will Need Gold Soon This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Investment firm sounds off on gold investment in a commodities era, gold standard and why we might have been here before, and did you notice gold hit another ATH in the Japanese yen? Why gold, the “king of commodities,” will become increasingly vital Read More |
09.05.23- What To Expect For Gold If We Enter A Deflationary Period |
09.04.23- Who Wants to Double Their Money in the Next Few Years? Yea, I know I got you all excited. But, in truth, I am seeing strong potential for doubling your money in the metals mining stocks over the coming several years. For those of you that may not know who I am, I have been writing publicly on metals now for almost 13 years, and have been providing analysis services to individuals and money managers for almost 12 years. Read More |
09.02.23- Gold: The Anti-Bubble Gold is not a risk asset, it is an insurance policy, and the gold mining industry will one day leverage that characteristic Just as a standard financial insurance policy is meant to only pay out when bad things happen, gold will only pay out when bad financial things happen. Sure, it’s assigned price can rise with other asset markets, but it’s price related to risk assets will under-perform when said risk assets are in a bull phase or an unbroken bubble. Read More |
09.01.23- Piepenburg, Rule and Rickards Agree: Gold’s Role Rises as Dollar Hegemony Falls Matterhorn Asset Management partner, Matthew Piepenburg, sits down with Rick Rule and Jim Rickards at the recent Rick Rule Precious Metals Symposium to discuss the future of the USD, the rising BRICS tide and the Realpolitik of any realistic (i.e., immediate) gold-backed BRICS trade currency. Each of the trio share their views on the de-dollarization trend, with Piepenburg and Rule taking a far less optimistic view of any immediate gold-backed trading currency emerging among the BRICS nations in 2023. Read More |
08.31.23- Metal Markets and Gold |
08.30.23- The West Is Losing Control Over the Gold Price An important change has unfolded in the global gold market. The East has been driving up the gold price, predominantly in late 2022 and the first months of 2023, breaking the West’s long standing pricing power. An important change has unfolded in the global gold market. The East has been driving up the gold price, predominantly in late 2022 and the first months of 2023, breaking the West’s long standing pricing power. Read More |
08.29.23- Why Gold Keeps Outperforming Gold’s outperformance is becoming a hallmark of this hiking cycle What’s the most interesting thing about the current hiking cycle? We’re tempted to go with some of the more obvious facets. Interest rates have seen their steepest rise since the 1970s. Maybe the perpetually-increasing number of recessionary risks this has caused instead? Read More |
08.28.23- Copper now classified as US critical mineral, and rightly so Before we realize it, the global copper market is approaching an inflection point. On one hand, as one of the most widely used metals on the planet, demand for copper has been consistently on the rise, matching the growth of economies step by step. Now, there’s an added layer of demand due to the increasing need for electrification. Read More |
08.26.23- The global bank credit crisis Globally, further falls in consumer price inflation are now unlikely and there are yet further interest rate increases to come. Bond yields are already on the rise, and a new phase of a banking crisis will be triggered. This article looks at the factors that have come together to drive interest rates higher, destabilising the entire global banking system. The contraction of bank credit is in its early stages, and that alone will push up interest costs for borrowers. We have an old fashioned credit crunch on our hands. Read More |
08.25.23- If you think gold is worth owning, wait until you see uranium Gold has its merits. It has been valuable for thousands of years, and has some industrial applications as well. But holding a kilo of gold in your hand, all you can really do is admire it, and appreciate that it is a great store of wealth. Holding a kilo of uranium, you have in your hand a resource that has enough energy to supply a day’s power to 30,000 people. Read More |
08.24.23- Efforts To Protect US Intensify Amid Global Shift From Dollar With inflation plaguing the economy as the U.S. dollar is increasingly being sidelined in international trade, potentially even at risk of losing its status as the global reserve currency, lawmakers in Washington and state capitals are touting gold and precious metals as the solution. From congressional efforts that would once again back the U.S. dollar with gold to state-level initiatives to facilitate commerce in precious metals, proposals are proliferating. Read More |
08.23.23- The Dollar Constrictor... The Unfortunate, but Brilliant Trap Being Set for the US Dollar in South Africa This Week Constrictors… Are… Terrifying… As a boy I occasionally had nightmares involving snakes and the idea of a boa constrictor forcing all of the air out of my little lungs was beyond terrifying. Later in life, I learned that constrictors are far more efficient and that the air isn’t actually forced out of the lungs of their prey, but instead the constrictor adjusts its grip on every out breath until there is just no room for the prey to breathe into, a death by removal of wiggle-room. Read More |
08.22.23- Gold Miners’ Pain May Be Bullion Investors’ Gain Despite the ongoing summer slump in precious metals markets, gold prices are still up close to 5% for the year. While not much to boast about in itself, a modest gain is infinitely better than a loss – which is what holders of gold mining stocks are taking. The flagship VanEck Gold Miners ETF (GDX), which holds a basket of majors including Newmont, Barrick, and Agnico Eagle, is down 4% year to date. Read More |
08.21.23- Silver Investing Becoming Mainstream |
08.19.23- Weekend Rant: Government Distorted Markets, Silver Edition
Manipulation is only one type of government distortion. Government’s mere existence is another. Read More |
08.18.23- A Contrarian’s Take on Gold and Silver Even though all major lows in the metals and miners are by definition extreme oversold and universally bearish, the majority of retail traders, and many professionals too, throw in the towel at such troughs when they should be buying. Today, I want to provide a contrarian’s perspective on gold and silver and go through the various signals that tell us that, while we could go lower yet, the bottom in the entire precious metals sector is not far away. Fundamentals: The Factors Influencing Gold Price It looks like the Fed is done hiking rates, at least for the time being. The probability of another rate hike in September is 11.5%. Read More |
08.17.23- Centralization & the Death Capitalism, the Middle Class and Democracy |
08.16.23- Only a Retail Gold Standard Could Dethrone the Dollar The BRICS bloc is remaining coy about whether a global currency will be on the agenda of its 15th summit, which is set to take place August 22 to 24 in South Africa. Experts from Joseph W. Sullivan to Jim O’Neill to the Council on Foreign Relations warn that a BRICS currency would threaten American economic hegemony. Precedent suggests, however, that dethroning the US dollar with anything short of a full retail gold standard will be difficult. Read More |
08.15.23- Can Gold and Silver Ever Return to Circulation? There aren’t many bullion investors who haven’t thought about using their stash to buy groceries one day. Most of them bought metal in the first place because they know something important about history. Fiat currencies eventually die at the hands of irresponsible leaders, and it can happen fast. People caught with nothing but worthless paper in their wallet will have to resort to barter. Gold and silver coins, rounds, and bars are universally valued. No other asset class is likely to work better during a currency collapse. Read More |
08.14.23- Gold Open Interest Is at a 5 Year Low, Only Way From Here is Up |
08.12.23- And Now, for Something Entirely Different: Tasting the Forbidden Fruit
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08.11.23- Gold And The Shrinking Money Supply A recent article (Credit Crunch: The Money Supply Has Shrunk For Eight Months In A Row) by Ryan McMaken of the Mises Institute explained clearly the historical significance of the contraction in the money supply that has occurred over the past eight months. In this article I will be talking about the possible effects of this contraction as they relate to the gold price. Read More |
08.10.23- Why Governments Hate Honest Money The middle class in all developed economies is disappearing through a constant process of erosion of its capacity to climb the social ladder. This is happening in the middle of massive so-called stimulus plans, large entitlement programs, endless deficit spending, and “social” programs. The reality is that those who blame capitalism and free markets for the constant erosion of the middle class should think better of it. Massive money printing and constant financing of larger governments with new currency have nothing to do with capitalism or the free market; it is the imposition of a form of statism disguised as an open economy. Read More |
08.09.23- Discovering the Power of Gold: De-Dollarization and its Impact In this section, Matthew Piepenburg, partner at Matterhorn Asset Management, discusses the growing distrust of the US dollar and the trend of de-dollarization. He highlights how the Western sanctions against Russia have caused ripple effects and raised eyebrows for other countries, as the weaponization of the world reserve currency has created a sense of distrust. He also mentions the recent BRICS summit in South Africa and the discussion of a gold-backed trading currency as further symptoms of this growing trend. While he believes this is not yet the end of the US dollar as a world reserve currency or fiat money, he emphasizes that the trend of de-dollarization is underway and warns that once the genie of weaponized currency is out of the bottle, it cannot be put back in. Read More |
08.08.23- And Now, for Something Entirely Different: Another day, another downgrade for America. Today it’s the banking sector Another day, another downgrade for America. Today it’s Moody’s Investor Service, one of the three major credit rating agencies alongside Fitch and S&P. Last week Fitch downgraded the sovereign debt rating for the United States of America. And late yesterday, Moody’s downgraded the ratings of several US banks. Read More |
08.07.23- Keeping Your Head I recently blew the dust off an old Rudyard Kipling poem, “If,” which many have castigated as a bit overly romantic, despite its high praise from Mark Twain and T.S. Eliot to India’s Khushwant Singh. The fact, moreover, that “If” was written by a Victorian era colonial in 1865 as a father’s advice to a son, could easily put its otherwise timeless insights at risk of being cancelled by the woke elite as potentially misogynistic or regionally insensitive… Read More |
08.05.23- Gold Is Replacing the Dollar Financial developments in the Russian and Chinese axis are being generally ignored. The confirmation by Russia that a trade settlement currency for an expanded BRICS is on the agenda at the Johannesburg summit later this month has barely been reported, and even sound money advocates are highly sceptical. But all will be revealed in three weeks’ time. Meanwhile, this article looks at how gold standards could return in the wake of a new gold-backed trade settlement currency, if that is what emerges, using the currency board model as a template. Read More |
08.04.23- Is Dollar Supremacy Over? |
08.03.23- A World Dedollarized is Gold Remonetized From August 22 through 24th, an extended coalition of over 40 nations which has become known as BRICS+ will meet in Johannesburg, South Africa. Among the likely topics of discussion is the feasibility of setting up a jointly-owned international financial institution. It would be funded by gold deposits, issue a currency, and extend loans tied to the spot value of gold. There are substantial reasons to doubt the workability of the growing consortium’s plan. But to dismiss it summarily, whether as bad economics or rote anti-American propaganda, is to dismiss a moment five decades in the making. Read More |
08.02.23- It's All About Economic Survival... The Everything Bubble is about to turn to the Everything Collapse! This is the inescapable outcome for the Western world. The world economy should have collapsed in 2008 were it not for a massive Hocus Pocus exercise by Western central banks. At that time, global debt was $125 trillion plus derivatives. Today debt is $325 trillion plus quasi-debt or derivatives of probably $2+ quadrillion. Read More |
08.01.23- A New Silver Whale? Unusual changes in COMEX silver futures positioning with a new large silver long bode well for future silver prices. Data published in the Commitments of Traders (COT) reports over the past four reporting weeks indicate a number of highly unusual changes in COMEX silver futures positioning. One such highly unusual change is the emergence of a big managed money trader on the short side, which appears to be holding a net short position of roughly 10,000 contracts (50 million oz) in COMEX silver futures contracts. Read More |
07.31.23- Central Banks Could Be Planning Something Huge for Gold Investors This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Central banks could be planning modernize their gold reserves, Wheaton CEO’s gold and silver predictions, and BlackRock’s analysts on gold’s near-term prospects. Read More |
07.29.23- What's Next For Gold & Silver After Fed's Latest Meeting |
07.28.23- More on the Silver Code Red Last week, I made public an edited version of the more extensive weekly review sent to subscribers earlier. As previously stated, I believe there is a current market emergency in the COMEX silver market based upon official data indicating a massive increase in futures positioning of more than 130 million oz (26,000 contracts) as reported in the new COT report, as of July 21. Read More |
07.27.23- Why the Durban Accords Matter to You If you’re a regular reader, then you already know all about the BRICS nations and their plans for their August 22nd meeting in Durban. As I predicted and official Russian media outlet RT confirmed earlier this month, the BRICS plan to “introduce a new trading currency backed by gold.” Okay, so that’s their plan – why does it matter? Read More |
07.26.23- Why was The US Treasury's Silver Eagle Mandate Not Honored? “Notwithstanding any other provision of law, the Secretary shall mint and issue, in qualities and quantities that the Secretary determines are sufficient to meet public demand.” - US Congress Liberty Coin Act Summary 1. The American Silver Eagle (ASE) 1 troy oz silver coin produced by the US Mint is the primary bullion investment for many small investors in America. ASE investment is substantial. Over 619 million coins have been bought valued over $15 billion. The silver invested in ASEs contain 17 times more silver than the registered silver backing the entirety of comex silver trading. Read More |
07.25.23- The BRICS Won’t Kill the Dollar, US Policy Will Below we separate the hype from the sad reality of the USD in the face of a new “BRICS currency.” Net conclusion: The real death of the USD will be domestic not foreign. The Bell Has Been Tolling for YearsWhen it comes to the “bell tolling for fiat,” we can all hear its loud chimes, but that bell has been tolling since 1971 (or frankly 1968), when the US leadership decoupled the world reserve currency from its golden chaperone. Read More |
07.24.23- $1,000 SILVER |
07.22.23- China's PBoC Manipulates The Shanghai Exchange Gold Price
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07.21.23- Why the Dollar Is Finished Last week in my Goldmoney Insight, I analysed the rationale for a new gold backed trade settlement currency on the agenda of the BRICS summit in Johannesburg on 22—24 August. This article is about the consequences for the dollar-based fiat currency regime. There is strong evidence that planning for this new trade settlement currency has been in the works for some time and has been properly considered. That being so, we are witnessing the initial step away from fiat to gold backed currencies. Without the burden of expensive welfare commitments, all the attendees in Johannesburg can back or tie their currency values to gold with less difficulty than our welfare-dependent nations. And it is now in their commercial interests to do so. Read More |
07.20.23- Banking CRISIS is REAL! |
07.19.23- The Best Performing Precious Metal Last Week Was Silver, Up 7.91% Strengths
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07.18.23- A Catastrophic Debt Implosion Will the world experience a catastrophic debt implosion? Just like the Titan Submersible that recently imploded, the global debt bubble can implode “within just a fraction of a millisecond”. More later in the article. Are we now in the third circle in Dante’s Inferno? Read More |
07.17.23- Gold: a metal with magical powers Gold is indestructible and has outlasted all other forms of money. I am going to the Edinburgh Fringe this August to do one of my comedy lectures. This one is about gold: its history, its fascination, its future. It really is the most amazing metal, not least because it is, as Spandau Ballet famously sung, indestructible. Life may be temporary, but gold is permanent. Read More |
07.23.15- Gold Stocks' CPI Surge The gold miners' stocks surged back mid-week after a major Fed-dovish inflation report. The latest US consumer-price-index read came in cooler than expected, continuing this past year's disinflation trend. That lowered Fed-rate-hike odds, slamming the US dollar. So gold-futures buying flared, quickly driving gold and its miners' stocks sharply higher. Bullish technicals argue this sector's autumn rally is getting underway. Read More |
07.14.23- The bell tolls for fiat The importance of Russia’s announcement that a new gold-backed trade currency is on the BRICS meeting agenda for August 22—24 in Johannesburg seems to have gone completely over everyone’s heads, with mainstream media not even reporting it. This is a mistake. China and Russia know that if they are to succeed in removing the dollar from their sphere of influence, they have to come up with a better alternative. They also know they have to consolidate their trade partners into a formidable bloc, so plans are afoot to consolidate BRICS, the Shanghai Cooperation Organisation, and the Eurasian Economic Union along with those nations who wish to join in. It will be a super-group embracing most of Asia (including the Middle East), Africa, and Latin America. Read More |
07.13.23- The History & Future of Gold & Silver |
07.12.23- Where are the stops? Below are today's likely price locations of buy and sell stop orders for the active Comex gold and silver futures markets. The asterisks (**) denote the most critical stop order placement level of the day (or likely where the heaviest concentration of stop orders are placed on this day). Below is a detailed explanation of stop orders and why knowing, where they are likely located, can be beneficial to a trader. Read More |
07.11.23- Breaking: New Gold-Backed Currency Launching August 22nd This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Russia announces gold-backed BRICS, Larry Lepard predicts total fiat failure by 2030 and Zoltan Pozsar’s take on the new monetary world order. Russia announces BRICS gold-backed currency launch, 41 countries on the waiting list worldwide Read More |
07.10.23- Jerome Powell: Misunderstood Angel or Open Devil? It’s time to talk about Powell… Becoming Powell’s (and the Devil’s) Advocate? I’ve been thinking, and re-thinking, Powell. Hmmm. It’s no secret that in numerous interviews and articles, Jerome Powell has been on my critical mind. Read More |
07.08.23- Russia confirms BRICS will create a gold-backed currency The gold market could see new bullish momentum as the world could see a new type of gold standard. Friday, according to state-run RT, the Russian government has confirmed that Brazil, Russia, India, China and South Africa, also known as BRICS nations, will introduce a new trading currency backed by gold. The official announcement is expected to be made during the BRICS summit in August in South Africa. Read More |
07.07.23- EU Warns Against Potential "Unintended Consequences" Of Geoengineering GOLD IS PRICELESS Over 5000 years of recorded history, gold has proven itself to be real money. Gold's value is in its use as money. That value is unquestioned. Whatever arguments are put forth against its use are the attempts of government to free itself from the restrictions that gold imposes. Gold limits the ability of government to inflate and debase its own version of money; i.e., fiat currencies such as the dollar, euro, yen, etc.). Read More |
07.06.23- No Demand for COMEX Silver As you may know, demand for physical silver is at an all-time high. However, demand for COMEX digital silver is at an eleven-year low. What gives? What an interesting paradox we have here at the midpoint of 2023. Earlier this year, an organization called The Silver Institute reported on the latest global physical demand trends for silver. Given the "green agenda" and the growth in interest in all things electrified, it would follow that demand for silver as an industrial component would be soaring—and it is. In fact, The Silver Institute estimated that in 2022 alone, demand for physical silver outstripped supply by nearly 240,000,000 ounces: Read More |
07.01.23- The Apocalyptic 8000-Tonne Gold Miscalculation |
07.04.23- Major Revaluation Of Gold & Precious Metals Is Imminent The time has now come for the 99.5% of financial assets which are not invested in gold, silver or precious metals mining stocks to grab both the investment and wealth preservation opportunity of a life time. Making that decision before it is too late is likely to determine your financial and also general wellbeing for the rest of your life! Read More |
07.03.23- What Will You Use As Money The U.S. dollar could someday go the way of all paper-currencies past and be consumed in a hyperinflationary fire. It seems unlikely but it is possible. In some ways, given the reckless policies of the past three years, we should be perhaps surprised that it hasn’t happened yet. If the dollar loses its status as the international reserve currency - again, not likely anytime soon - that could provoke a massive repatriation of U.S. dollars which puts the end times in motion. Read More |
07.01.23- The Apocalyptic 8000-Tonne Gold Miscalculation |
06.30.23- Mainstream Says Gold Sucks - A Sign It's Bottomed? For the most part, it usually seems like the mainstream media just ignores gold and silver, and has little interest in even covering the precious metals at all. Whether that's due to a desire to keep people focused on the stock market, or just a lack of interest, is a fair debate. However as Dave Kranzler points out in today's episode of the show, on the rare occasions when they do mention gold or silver (typically to say how useless they are), it's often been a sign that a bottom is in. Read More |
06.29.23- Why we could easily see $5,000+ gold On the 18th of September, in the year 324 AD, 52-year old Constantine the Great finally won the victory that he had been fighting for two decades to achieve: sole control of the Roman Empire. At that point the Roman Empire had suffered more than a century of extreme turmoil– recession, inflation, invasion, humiliation, and endless civil wars, just to name a few of its challenges. Read More |
06.28.23- There's Significant Developments Happening in Gold and No One is Paying Attention |
06.27.23- Precious Metals Investor Sentiment Deteriorates As Sweet Silver Setup Ripens "The mood swings of the securities markets resemble the movement of a pendulum. Although the midpoint of its arc best describes the location of the pendulum “on average,” it actually spends very little of its time there. Instead, it is almost always swinging toward or away from the extremes of its arc. But whenever the pendulum is near either extreme, it is inevitable that it will move back toward the midpoint sooner or later. In fact, it is the movement toward the extreme itself that supplies the energy for the swing back." ~ Howard Marks Read More |
06.26.23- Peak China Silver: The Looming Extinction Event
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06.24.23- The Prostitution Of Gold PAYMENT FOR SERVICES RENDERED The gold market has become a social gathering place for an odd combination of participants. Those participants range from the gullible and the disillusioned to those seeking the next big thing. Permeating the atmosphere surrounding the commotion are false fundamentals and faulty logic. Fundamental analysis, or what passes for it, gets distorted and perverted beyond recognition. Read More |
06.23.23- Why Have South Koreans Bought $19M in Gold From Vending Machines in 2023? As I lived in Asia for over 15 years, I’m still very much plugged into the gold/silver news network over there with many voices on the ground updating me about the increasingly diverging opinion of gold/silver between citizens of many Asian nations (Korea, Japan, China, Vietnam and Thailand are some nations in which I have ears on the ground) and citizens in the West. There has always been a massive divergence in opinion on gold/silver investments between Asia and the West, but this divergent gap has been widening as of late. Read More |
06.22.23- Analyst Predicts Shocking This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Five-figure gold in the long-term, the silver supply picture is worse than we know, and prices force Turkish couples to turn to imitation gold for their traditional wedding celebrations. Read More |
06.21.23- China’s Persistent Gold Accumulation: A Seven-Month Surge in Holdings In an unabated buying spree, China has continued to expand its gold reserves for a seventh consecutive month, reinforcing the sustained global demand for the precious metal among central banks. As per Wednesday’s data from the People’s Bank of China, the nation’s gold holdings saw an approximately 16-ton increase in May. Read More |
06.20.23- And Now, for Something Entirely Different: Plain, Naked Human Evil “Ask yourself why totalitarian dictatorships find it necessary to pour money and effort into propaganda for their own helpless, chained, gagged slaves, who have no means of protest or defense. The answer is that even the humblest peasant or the lowest savage would rise in blind rebellion, were he to realize that he is being immolated, not to some incomprehensible noble purpose, but to plain, naked human evil.” Ayn Rand Read More |
06.19.23- Silver outshines gold with better short-term performance Both gold and silver investors have focused on the recent decision by the Federal Reserve that was revealed at this month's FOMC meeting on Wednesday. The Federal Reserve decided not to raise its benchmark Fed funds rate this month after raising rates for the last 10 consecutive FOMC meetings beginning in March 2022. However, both the statement and press conference by Chairman Powell laid out a monetary policy that would incorporate two additional rate hikes this year, and maintain these elevated rates for the remainder of the year. The Federal Reserve's “dot plot” forecast indicated that the Fed funds rates would likely increase to between 5 ½% and 5 ¾%. Read More |
06.17.23- A big move in gold price is coming after weeks of neutral stance - analysts The gold market has been steady so far in June, trading between $1,940 and just under $2,000 an ounce. But analysts warn that after weeks of sideways price action, gold is ready for a more significant move. The caveat is it could be in either direction, Gainesville Coins precious metals expert Everett Millman told Kitco News. "Gold has traded sideways long enough that we are due for a bigger move one direction or the other — retesting the $1,880 level or getting back up to around $2,000," Millman said. Read More |
06.16.23- 5 Factors that Make or Break Anyone who is planning their retirement savings eventually thinks about the following question: How much should I have saved for retirement? As you’ll soon discover in this article, the answer to that question isn’t a simple one. The good news is, if you take the following five factors into consideration, you’ll be one step ahead of most Americans who are saving toward their retirement dreams. Read More |
06.15.23- “Biden Bucks” and the War on Crypto I’ve written a lot about central bank digital currencies (CBDCs) including the U.S. dollar version that I call “Biden Bucks.” The threat from CBDCs is enormous. They are digital (but not true cryptocurrencies), which means they are programmable. The Treasury and Fed can use the CBDC ledger to track your purchases, look at your political contributions, look at your religious affiliations and basically profile you as an enemy of the state or “ultra MAGA.” Read More |
06.14.23- Latest Gold & Silver Market Developments: Into Q3 2023 In my opinion, the precious metals sector is beginning to “sniff” the prospects of a likely reversal in the Fed’s monetary stance, possibly before the end of 2023. Recently, I presented the argument that, based on the set-up between the bank net short position and the hedge fund net long position in COMEX gold and silver futures, the prices of gold and silver likely were headed lower, with help from the COMEX banks, based on previous cyclical open expansion and contraction patterns. Read More |
06.13.23- Central Banks Could Be Planning Something Huge for Gold Investors This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Central banks could be planning modernize their gold reserves, Wheaton CEO’s gold and silver predictions, and BlackRock’s analysts on gold’s near-term prospects. Read More |
06.12.23- "This Might the Last Warning You Get! Buy Gold & Silver to Protect Your Future," |
06.10.23- Expect Awakening In Gold Amid Govt Overspending |
06.08.23- The West Debt & Inflation Implosion |
06.08.23- Halftime 2023 We're not quite through the first half of 2023, but just for fun, let's take a stab at what we might expect to occur in the second half, at least as it pertains to gold and silver prices. It's early June, and the next FOMC meeting is one week away. Will the Fed hike the fed funds rate another 25 basis points or will they pause and take time to assess the economic damage that has already been done? We can't know the answer to that question, but whether they do or whether they don't, the forecast for the remainder of 2023 will remain the same. Read More |
06.07.23- Five Forces Driving Gold and Silver Higher in 2023 This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Five reasons gold and silver will rise this year; global central banks still top gold buyers; and forecasts for $3,000 gold and $50 silver in the near-term. 5 reasons why precious metals will rise in 2023 Gold’s fall to $1,950 from $2,000 level wasn’t exactly precipitous, especially considering how much gold has gained over the past few months. It also wasn’t unexpected, with numerous pundits saying that there’s going to be a lot of turbulence before the $2,000 level is claimed proper. Read More |
06.06.23- Gold: Beware of a cartel trap |
06.05.23- Five Reasons Gold and Silver will Soar Under a certain market environment, precious metals are considered must-haves in a modern investment portfolio. What has transpired so far in 2023 has confirmed that the conditions have been set for gold and silver to soar. Their prices have both seen impressive jumps this year, with gold recently coming within cents of an all-time high, and silver also flirting with price levels last seen a decade ago. Read More |
06.03.23- Weakening Economy Sets Stage In the recent weeks and months the economic data that's come out continues to show a weakening of the US economy. Which is hardly surprising given the rapid increase in interest rates the Fed has undertaken over the past year, that's left the banking sector struggling amidst a tightening in credit. So in today's show, Dave Kranzler looks at some of the evidence of the slowing economy, and talks about what's coming ahead. He also examines the position this will leave the Federal Reserve in going forward, and how that relates to the gold and silver markets. Where we've seen a selloff in recent weeks, before a rebound in prices over the past few days. Read More |
06.02.23- Winston Churchill’s Gold Standard Folly Winston Churchill’s résumé was remarkable enough to earn him the title of Renaissance Man. Sandhurst-educated soldier, journalist, painter, historian, world traveler, Nobel laureate, member of Parliament, President of the Board of Trade, Home Secretary, First Lord of the Admiralty, Secretary of State for the Colonies, Chancellor of the Exchequer, twice Prime Minister, statesman, war-time leader, world-class orator. Though he had his ups and downs, his failures as well as successes, he remains one of the most important and respected figures of the 20th Century. Read More |
06.01.23- Significance Of 1980 Gold Peak When President Nixon slammed shut the gold window for foreign holders of U.S. dollars, it was the final step in a planned exit from the gold standard. It was also tacit admission that the United States government, in conjunction with the Federal Reserve, had debased the world's s reserve currency beyond a point that could no longer be ignored. Read More |
05.31.23- Will Gold Reach a New Record Price This Year? This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold shedding its $2,000-locked sentiment, silver isn’t lacking big believers, and most expensive ancient gold coin ever sold. George Milling-Stanley: Gold still has a solid shot at a new all-time high this year Read More |
05.30.23- Bank Crisis Will Escalate: Gold & Silver is Your Insurance! |
05.29.23- Gold Stocks Still Undervalued The gold miners’ stocks continue powering higher on balance, growing their strong upleg. Yet despite their great gains over this past half-year, gold stocks still remain undervalued relative to their metal. Mean reverting sharply higher out of last year’s anomalous extreme selloff, this battered sector still hasn’t even regained recent years’ average valuations. That implies this mounting upleg still has lots of room to run. Read More |
05.27.23- Banking Crisis is Around the Corner: Silver & Gold Going Higher? |
05.26.23- Silver Price Forecast: Important Low Setting Up Silver has just witnessed a rare false breakout. A false breakout is when a market overcomes a defined level of selling pressure, only to fail to hold above that level following a period of consolidation. The result after a false breakout is often lower prices; however, context is key, as the market should only be expected to fall to the next visible support level. Read More |
05.25.23- Citigroup Projects $30 Silver Citigroup projects silver could rise to $30 an ounce in the next six months to a year. With silver currently in the $23.50 range, this represents a possible 27.66% return.
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05.24.23- And Now, for Something Entirely Different: The Death of Privacy… International Man: In practically every country, the allowable limit for cash withdrawals and transactions continues to be lowered. Further, rampant currency debasement is lowering the real value of these ridiculous limits. Read More |
05.23.23- The Second-Most Popular Investment in America? It Might Surprise You
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05.22.23- Did Argentina Just De-Dollarize? Argentina recently made headlines with its announcement that it plans to pay for its imports from China in Yuan. Inevitably, gold commentators jumped to the spurious conclusion that this decision signals another step towards “de-dollarization.” Let’s be clear: this is not the case. Read More |
05.20.23- Gold gets lifeline from renewed banking jitters, Powell comments (Reuters) - Gold rallied 1% on Friday, recouping some losses from earlier this week, on renewed worries about the stability of the banking sector, while traders slashed bets for another interest rate hike following remarks from the U.S. Federal Reserve chairman. Spot gold gained 1.2% to $1,981.79 per ounce by 12:30 p.m. ET (1830 GMT). U.S. gold futures settled 1.1% higher at $1,981.60. Read More |
05.19.23- More Gold & Silver Pain Gold and silver have experienced significant rallies since the lows of last fall, with gold rising from $1650 to over $2,000, while silver rallied from slightly below $18 to over $26, before the recent correction. Given the magnitude of the rallies, it's not entirely surprising to see a correction. And in today's show, Dave Kranzler of Investment Research Dynamics looks at the recent sell-off, and talks about whether there will be more downside to come before a resumption to the rally. Read More |
05.18.23- Lone Star State Considering Own Currency - And It's Not Just Texans Texas could create a digital currency backed by gold and silver if a proposal in the state’s Senate moves forward. The law would allow the state to mint pure gold or silver coins based on weight and issue debit cards that have their value backed up by gold or silver, according to the Epoch Times. The proposal would allow anyone in the world — not just Texans — to purchase gold or silver to start an account and use that for any legal purpose. The gold and silver would be held at the Texas Bullion Depository. As the value of that gold or silver rises, so does the spending power of the account holder. Read More |
05.17.23- Will Central Bank Gold Demand Drive Prices to $3,000? Insatiable central bank gold demand this year could drive prices to $3,000 Central bank gold demand last year was undoubtedly one of the main takeaways in the market. That’s an accomplishment of sorts, since central bank gold demand has been one of the primary drivers of gold prices over the past decade. This time, though, was different. During the twelve months of 2022, the official sector bought 1,136 tons of gold, either the largest annual purchase in history or the most since 1950 (you know, back when the world was on the gold standard). Read More |
05.16.23- A Disorderly Reset With Gold Revalued By Multiples Tectonic shifts lie ahead. These will involve a US and European debt crisis ending in a debt collapse, a precipitous fall of the dollar and the Euro with Gold emerging as a reserve asset but at multiples of the current price. The next phase of the fall of the West is here and will soon accelerate. It has been both precipitated and aggravated by the absurd sanctions of Russia. These sanctions are hurting Europe badly and affecting the US in a way that they didn’t expect, but was obvious to some of us. The Romans understood that free trade was essential between all the countries that they conquered. But the US administration blocks have both the money and the ability to trade of the countries they don’t like. Read More |
The bank runs have only just begun. By the end of this year, the cascading collapse of the US banking system will become even more frantic, and the false promises of claiming “everything’s fine” will be overrun by the fearful shouts of the newly panicked masses who foolishly believed government lies yet again. (Yes, the people oblivious enough to leave their fiat dollars in the banking system are largely the very same people who kept taking covid “vaccine” depopulation booster shots.) Read More |
05.13.23- Gold Miners Follow This, Not Gold In a short-term and cyclical sense, gold miners and junior gold stocks follow the Gold price. However, beyond the short-term, gold miners follow the "real" price of Gold because it is a better indicator of long-term gold miner profitability than the nominal Gold price. By the "real" price of Gold, we are talking about the Gold price in real terms. How is Gold performing against the CPI, CRB, or the stock market? The answer clarifies the outlook for Gold miners. Read More |
05.12.23- China Just Made Gold Money Again Drainage: China's New Gold Wallet Will Suck the West Dry.
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05.11.23- Economic Turmoil Ahead! Gold to Outperform Most Major Assets! |
05.10.23- It Wouldn’t Take Much For Gold In this month’s conversation with 321gold founder Bob Moriarty we discuss why the US banking system is a giant casino. Bob believes we need to burn it down and begin again with a system of sound money, including gold and silver. In addition, Bob believes that the global financial system in such a precarious state, and the gold market is so tiny, that it wouldn’t take much for gold to move up $200/oz in a single day. We also spend some time discuss several junior mining companies, including one that Bob recently wrote about. Without further ado, Energy & Gold’s May 2023 conversation with Bob Moriarty… Read More |
05.09.23- Top Billionaire: China Preps for War Ray Dalio: China’s buying gold to prepare for war with the U.S. Ray Dalio doesn’t like the tensions building up between the U.S. and China. It’s a 2016-style flashback, intensifying quarrels with China over global trade. At the same time, 2016 was a while ago! Read More |
05.08.23- Texas Committee Passes Bill To Create 100% Reserve Gold And Silver-Backed Transactional Currencies On May 2, a Texas House committee passed a bill to create 100% reserve gold and silver-backed transactional currencies. Enactment of this legislation would create an option for people to conduct business in sound money, set the stage to undermine the Federal Reserve’s monopoly on money, and possibly create a viable alternative to a central bank digital currency (CBDC). Read More |
05.06.23- We are Heading Toward a Severe Economic Reset! |
05.05.23- Ongoing U.S. Mint Failures Bring Discredit to America, Raise Costs We are one third of the way through 2023, and it has certainly been interesting in the bullion markets thus far. The year opened with supply and demand for coins, rounds, and bars pretty well balanced. Demand surged when the failure of Silicon Valley Bank awakened investors to the possibility of systemic problems among smaller and regional banks. In the background, gold and silver prices have been drifting higher. For the moment, retail bullion demand has eased, and the markets seem to be taking a breather. Read More |
05.04.23- "If We Hit $8000 Gold, That Means A Loss of Control & We'll Shoot Straight Past That" |
05.03.23- Platinum May Soon Be In Short Supply Whenever there is an argument about the sufficiency of resources to meet the demands of our voracious industrial economy, those defending the cornucopian view say, "But, we are not running out of that resource." Of course, that is not the point. It is more likely that the first phase of resource depletion will be that not everyone who was previously able to afford a particular resource will continue to have access to it at affordable prices. Read More |
05.02.23- Forecasting The Gold Price Is A Mug's Game Most investors are totally ignorant of the purpose of gold or its historical significance. After all, Gold is the only money that has survived in history but virtually nobody is aware of this vital information. That’s why only 0.5% of global financial assets are invested in gold. Still most people put their trust in paper money.Read More |
05.01.23- 200 Years of Global Gold Production, Visualizing Global Gold Production Over 200 YearsAlthough the practice of gold mining has been around for thousands of years, it’s estimated that roughly 86% of all above-ground gold was extracted in the last 200 years. With modern mining techniques making large-scale production possible, global gold production has grown exponentially since the 1800s.Read More |
04.29.23- Silver Towards a Sustainable Supply Shortage? In 2022, the demand for physical silver was 1.24 billion ounces (or 35,150 tons). This is simply the highest demand recorded on the market. On the other hand, supply is stagnant, which is creating an unprecedented supply deficit. This supply deficit amounts to nearly 6,740 tons, or nearly 20% of total demand. This demand for silver is the result of both a growth in demand for photovoltaic panels, 5G networks, construction, etc... And while India and Asian countries are capturing most of this demand, this rebound is most notable in the jewelry but also investment sectors. Read More |
04.28.23- Banking Crisis Worsening; |
04.27.23- The Look And Feel of The following analysis and commentary is an excerpt from the latest issue of the Mining Stock Journal. You can learn more about this newsletter here: Mining Stock Journal Information It’s starting to look, smell and feel like a sustainable bull market may be unfolding. For the first quarter, gold rose 8.2% and silver was basically flat for the quarter but rose 15.6% in March. The mining stocks, generically using the GDX ETF as a proxy, rose 12.2%. Read More |
04.26.23- And Now, for Something Entirely Different: Big Lies and Bigger Lies “Think of the press as a great keyboard on which the government can play.” — Joseph Goebbels “If you’re going to lie,” Joseph Goebbels used to say (in German of course), “make it a whopper.” How did that work out for the Third Reich? Today, The New York Times says “Joe Biden” is revving up to run for president again in 2024. Is that so? One DNC strategist, Maria Cardona, was quoted saying, “Democrats complain that he might be too old. But then, when they’re asked, ‘Well, who?’ There is no one else.” There you have the sucking chest wound at the center of the Democratic Party, a malodorous vacuum where, as they like to say, democracy dies in darkness. You understand, this is exactly what you get when all you do is tell lies, always and everywhere, about everything. Read More |
04.25.23- This Coming Financial Crisis Is Different, but Gold Is the Same as Ever Gold is the best defense in a financial crisis of privacy, property and ownership Stansberry Research’s George Gammon joined Daniela Cambone in an in-depth interview detailing the imminent financial crisis. One of the primary assertions Gammon makes is that the crisis is going to differ from previous ones. That much has already been beaten in, to the point of even the IMF saying it will be unlike previous crises. But what’s the difference? Read More |
04.24.23- Platinum price hits $1,100 as it outperforms gold and silver, driven
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04.22.23- Banking & Financial Crisis 2.0 |
04.21.23- Gold & Silver Ready to Explode in Price! Here's Why! |
04.20.23- Deathblow Coming for the Dollar, People Will Run to Gold: |
04.19.23- COMEX Gold Options Sweet Spot We write and post these articles every Tuesday, and next Tuesday, April 25, brings the monthly COMEX option expirations. For fun, let's do something different this week and see if we can accurately predict/guess where prices will be by this time next week. Price manipulation around COMEX option expiration is something we've been following at TF Metals Report for over a decade. If you like to track the gold price and are unaware of this phenomenon, maybe this post will alert you to follow the monthly shenanigans going forward. Read More |
04.18.23- Will the Government Take Your Gold? Writing about gold sometimes lands me in hot water. Readers have sent me more than my fair share of nastygrams over the past decade as gold chopped through a secular bear market. If I marked up a chart that led me to believe the yellow metal was close to another breakdown, my inbox would overflow with letters from angry gold bugs. Read More |
04.17.23- Gold: The Next All-Time High Is Nigh When we penned the first edition of the Gold Update 699 Saturdays ago on 21 November 2009 — for whom the sole recipient was one JGS (thank you, mate) — the price of Gold was 1151. Since then, Gold rose to as high as 2089 (+81%) on 07 August 2020, nearly reclaiming that level at 2079 on 08 March 2022 as the RUS/UKR war intensified, and nearly again just this past Thursday at 2063. But as is Gold’s wont to weaken following geo-political boosts, (the latest being upon Finland’s joining NATO as we detailed a week ago), plus some degree of waning inflation as reported this past week at March’s wholesale, retail and import price paces, the yellow metal, too, sank into week’s end, settling yesterday (Friday) at 2018. Read More |
04.15.23- Regime Change is Coming Andrew Bailey is right. The world is not at all in the place it was before the 2008 crash. It is far worse this time around. Government finances and general indebtedness, post-Covid, are in demonstrably worse shape than they were at the time that Lehman Brothers failed. The yields on US government paper – the world’s “risk-free rate” – have soared, and very quickly, as the Federal Reserve has grimly continued to hike interest rates in a doomed attempt to moderate the inflation caused by its own money-printing policies. Several large banks have already failed, or been put down – notoriously, Credit Suisse, the 167-year-old Swiss banking giant that was forced into an eleventh hour shotgun wedding with domestic rival UBS (very 2008). Read More |
04.14.23- "If We Hit $8000 Gold, That Means A Loss of Control & We'll Shoot Straight Past That" |
04.13.23- “Lions Led by Donkeys:” The Irrevocable Decline in US Hegemony In his latest conversation with WTFinance’s Anthony Fatseas, Matterhorn Asset Management principal Matthew Piepenburg answers the question: Is the worst behind us? The short answer is: No. The reasons, and signals, however, are many, which Piepenburg addresses from both a broad and market-specific perspective. Read More |
04.12.23- Inflation? Soft Landing? Or? We are going to have the worst of both worlds. The global banking system is disintegrating in hyperdeflation; the irredeemable dollar will survive only to succumb to hyperinflation later. In the meantime, it will be depression that may eclipse the Great Depression of the 1930’s. -Professor Antal E. Fekete, The Mechanism of Capital Destruction, October 20, 2008 Professor Antal E. Fekete wrote those words in the 2008 financial crisis. Since then, the velocity of money responded accordingly; plunging in a hyperdeflationary descent to levels lower than even during the 1930’s Great Depression. Read More |
04.11.23- Steve Forbes Infuriates Global Elite with New Gold Prediction
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Budweiser Light Vice President of Marketing, Alissa Heinerscheid, explains why she decided to make Bud Light the beer of transvestites. Trust me, once you see the background of Heinerscheid, in her own words, it all makes sense. A middle aged, upper income highly educated white woman with three children, all born from surrogates, explains how her worldview, everyone needs their safe space to find their best identity, shapes her brand representation. Read More |
04.08.23- JPM Again A major development last week was the large amount of gold issued by JPMorgan over the first two days of the COMEX April contract. Total gold deliveries by JPMorgan of 14,326 contracts, including 10,682 contracts (1.07 million ounces) by JPM from its proprietary house account were the largest by JPM in history. This is big news because it demonstrates clear and blatant price manipulation by JPMorgan. With more than 19,000 contracts of gold standing for delivery, what would have been the price of gold, had JPM not delivered more than 10,000 contracts from its house account? Read More |
04.07.23- A Small Portion of Physical Silver May Save an Entire Portfolio-The 5% Solution At 8:47 A.M. on August 9, 2022 silver is trading at approximately $20.85. This shiny metal may be the only asset trading at a 60% discount to its 1980 high. On January 18, 1980, 42 years ago, silver finished the day at $49.45 (silver also hit $49.50 intraday on April 28, 2011). Think about it. On January 18, 1980 the Dow Jones Industrial Average finished the day at 867.15. Yesterday, August 8, 2022, the Dow Jones Industrial Average finished at 32,832.54, a multiple of 38.86 times where the Dow was on 1/18/80. Read More |
04.06.23- Here Is The Set Up First published on Kitco.com on Monday April 3: I can't believe it has been almost 12 years since I began writing on Seeking Alpha. And, during that time, not only have over 71,000 people chosen to follow me on Seeking Alpha, but we have grown to approximately 8000 clients within our various services, with almost 1000 of them being money managers. And, after getting to know many of them, I am truly blown away with the diversity of our group, with quite a number of our money managers maintaining over 1 billion in assets under management. Read More |
04.05.23- The Everything Collapse
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04.04.23- “The Ultimate Protection“
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CHART: Demand is soaring, but global mining is not expanding A new report by BMO Capital Markets has a trenchant chart showing just to what extent mining companies – flush with cash – are opting to return money to shareholders rather than build new mines. Global mining’s enthusiasm for brown and greenfield projects has fizzled over the last decade despite near universal agreement that in the coming decades demand for metals and minerals will boom due to the green energy transition. Read More |
04.01.23- GOLD: Short-Term Pullback Possible, New Record Highs Inevitable Fears regarding the banking crisis have receded somewhat. Shares in Deutsche Bank are up 13% off their low last Friday. Its credit default swap has fallen in price too. First Citizens Bank has agreed to take over Silicon Valley Bank (SVB). According to Bloomberg, U.S. authorities are considering expanding an emergency lending facility for banks in ways that would give more time to shore up their balance sheets, with First Republic Bank being the initial beneficiary. Read More |
03.31.23- Five reasons gold and silver Earlier, we listed the various reasons why the US dollar is headed lower. But this doesn’t mean all safe-haven assets are in for a reality check. In fact, this might be an opportune time to invest in precious metals, in particular gold and silver, given the current state of the global economy. Just recently, gold prices crossed the key $2,000/ounce mark for the first time in a year on the back of insane market volatility, and it did that not once, but twice, in the span of a week. Silver prices, too, surged.Read More |
03.30.23- It is Risky to be Out of Gold Market Now Gold is on the cusp of a major breakout from its super-bullish cup and handle pattern. The measured upside target is $3000/oz, and the log target is roughly $4000/oz. These targets may sound extreme, but breakouts from multi-decade bases are rare but very bullish. Furthermore, a breakout from a long-term base to a new all-time high is also very bullish. Read More |
03.29.23- Most Demand Ever For Gold & Silver; How Does This End? |
03.28.23- Every Bank Crisis Reminds Us What’s Most Important
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03.27.23- Traders pile into bets on gold price rally Options buyers see scope for further gains as banking turmoil boosts metal’s safe haven appeal Traders are betting on further increases in the price of gold after it touched a 12-month high this week, as investors predict the US Federal Reserve’s cycle of interest rate rises is over and seek safe havens during banking sector turmoil. Read More |
03.25.23- When Will Gold Stocks & Silver Outperform? Gold mining stocks and Silver are the riskier parts of the precious metals sector. Generalist capital always favors Gold first and second before considering miners and Silver. The gold stocks and Silver have underperformed Gold so badly because Gold has been in a secular bear market since 2011. Read More |
03.24.23- What Really Happened With SVB, & Why It Will Drive Gold & Silver Higher At this point, the market has digested the news that Silicon Valley Bank experienced a bank run and ultimately failed. Yet what remains much less clear is what specifically caused this to happen. So in today's show, Dave Kranzler of Investment Research Dynamics explains what happened with the assets on SVB's balance sheet, and why they became so problematic at the time that they did. He also talks about how the Fed's monetary policy facilitated the conditions for SVB to end up in the position that it did, and why many other banks are likely still in a similar position. Read More |
03.23.23- Monetary Madness Endgame For over twelve years at TF Metals Report, we have been writing about "The End of The Great Keynesian Experiment". Recent events have moved us closer to this monetary endpoint. |
03.22.23- Has gold finally caught fire? This morning gold moved above $2,000/oz. The previous intraday high (seen in 2020) was $2,080. If you saw our recent interview with Patrick Karim then you might be recalling his comments that aclose here on a monthly basis would signify a break of a trend line going back to 2011. This, of course, would be very bullish. So where are we at? It’s been over a week since the millennial of the banking world, Silicon Valley Bank, ‘stunned’ markets by filing for bankruptcy and setting off a chain of events that has sent financial markets from one firestorm to another. Read More |
03.21.23- Crash About To Get MUCH Worse |
03.20.23- Banking on Disaster On Sunday, March 12, regulators shut down the Signature Bank. They reason they gave for doing this is incredible. They said that the entire financial system night collapse if they didn’t. What kind of insane system is it in which a run on one bank can cause such a disaster? The crisis shows once more that the great Murray Rothbard was right. We need to end the Fed and fractional reserve banking and restore the gold standard. Then the financial system will be safe from collapse. Read More |
03.18.23- Watch These 3 Gold Indicators Now Last week we wrote about the inevitable bullish fundamentals for Gold. Recent events that followed our editorial signal that the inevitable is moving closer to imminent. Due to bank failures, a pending hard landing, and the like, the Federal Reserve will have to cease its rate hikes and ease policy amid not moderate but relatively high inflation. Read More |
03.17.23- Gold Nears $2,000 Gold prices continue to rise as investors look for safe haven assets amid fears of further market volatility following Silicon Valley Bank’s collapse and the Swiss government’s emergency loan for Credit Suisse. The precious metal was trading at $1,936 on Friday afternoon, having started the day at $1,921 – reflecting a hefty bump-up over the week from its opening position of $1,879 per ounce on Monday. Read More |
03.16.23- Silicon Valley Bank Collapse: Just How Safe Is The Banking System? Bank runs, Fed policy and Gold. On Wednesday, March 8, 2023, Silicon Valley Bank (SVB) announced a $ 1.8B loss from the sale of investment securities. Investors and depositors got spooked, withdrawing an estimated $42B+ in cash within a few hours–approx 25% of total SVB deposits, leaving a negative cash balance of $1B by Friday, March 10. Read More |
03.15.23- What Will Irresponsible Governments Precious metals will surge “because governments are irresponsible” Remember silver? In one of Dominic Frisby’s analyses, he referred to platinum as “the other precious metal.” It feels like silver has filled that role in recent weeks and months. Everyone’s obviously watching gold as the global economy crumbles. There was the big correction in platinum to the upside and palladium to the downside. For as volatile as silver is supposed to be, it’s done surprisingly little in comparison. Read More |
03.14.23- Gold's crisis-driven surge halted by rising U.S. bond yields
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03.13.23- And Now, for Something Entirely Different: Inflation Smokescreens The inevitable outcome was clear for a decade at least, but in the run up to the Covid lockdowns there were many economists in the corporate media that outright denied the reality of an inflationary or stagflationary crisis. Joe Biden, Janet Yellen, Paul Krugman and a host of journalists claimed that concerns about inflation were “overblown” and that the Federal Reserve had everything under control. Some might say they were ignorant. Read More |
03.11.23- Tesla Will Be Begging for Silver as Shortage Ramps Up |
03.10.23- Why Credit Needs a Golden Anchor It is a common error to think of credit in a narrow sense, without realising that officially recorded credit in the form of banknotes and deposit accounts with the commercial banks are only a minor part of the total credit in an economy. This article takes a holistic view of credit. Read More |
03.09.23- MIND-BLOWING Facts About |
03.08.23- $2 Quadrillion In Global Debt Looms Over The Markets, Paper Assets Could Implode The Next Few Years Will be Tough, Understanding the Critical Role of Gold In this thirty-minute interview with Chris Waltzek of GoldSeek Radio, Matterhorn Asset Management (MAM) founder, Egon von Greyerz, covers a wide swath of global financial issues—from inflated asset bubbles and macro inflationary forces (and hence declining currency power) to stressed pension funds, fantasy CBDCs and unsustainable debt levels. All of these factors serve as an ultimate and inevitable tailwind to precious metals. Read More |
03.07.23- How To Invest In Gold Like The Wealthy Surprise! Wealthy gold investors don’t have any secret methods CEO World magazine is written with a specific readership in mind: Chief Executive Officers. These individuals have climbed to the top of the corporate ladder and tend to be rewarded quite well — $1.3 million per year overall, or an average of $18.3 million per yearif they’re lucky enough to run an S&P 500 corporation. These are high-net-worth individuals (HNWIs). Read More |
03.06.23- $13,000 Gold? This Guy Must Be Crazy!!! |
03.04.23- Weekend Rant: Cross Road Blues in the Time of Biden
I went to the crossroad, fell down on my knees – Robert Johnson, Cross Road Blues Unelected BureaucratFederal Reserve Chair Jerome Powell has a dreadful job. He lords over tens of trillions of dollars. Yet he only pockets $190,000 a year – a fraction of what most CEOs make. Still, he calls it fair. Read More |
03.03.23- And Now, for Something Entirely Different: The Bogeyman Is Loose! Rumors swirl… that an abominable bogeyman has risen from the grave… and that he is hot for blood. He is the scourge of Washington. He is the dread of Wall Street. This fee-fi-fo-fum’s return — if the sightings can be authenticated — would have markets wriggling in exquisite torture. What precisely is this creature? And why is he now climbing from the grave? Read More |
03.02.23- This Relic is Ready for its Close-Up One of the highlights of my week is the Paradigm Editorial Call. All the big boys are there; Byron King, Ray Blanco and Dan Amoss… to name a few. Jonathan Rodriguez always arrives armed with reams of statistics. Ace options trader, Alan Knuckman, keeps us from straying too far into pessimism. I’ve learned truckloads about options and attitude since Alan started joining our call. To paraphrase Don Rickles, “Alan is the best; just ask him!” Read More |
03.01.23- Would ChatGPT Buy Gold If you want to be wowed by technology (or terrified of it), ChatGPT, the artificial intelligence bot that has become wildly popular in the last couple of weeks, is worth a look. This software has, almost single-handedly, inspired a new speculative frenzy in tech stocks. I may be a little late to the party, but I thought it would be worth taking a few minutes to see whether ChatGPT could replace a Birch Gold Precious Metals Specialist. Read More |
02.28.23- The Gold Investor’s Best Friend: This 500-Year-Old Law Thomas Gresham and the case for gold investment I think about Gresham’s law a lot. Back in the day of the first Queen Elizabeth (1533-1603), her banker, Sir Thomas Gresham, made an observation about currency debasement:
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02.27.23- Gold gains as dollar rally cools, (Reuters) - Gold prices ticked up on Monday on a pullback in the dollar, although worries around further interest rate hikes from the U.S. Federal Reserve kept bullion near a two-month low. Spot gold rose 0.5% to $1,818.89 an ounce by 10:08 a.m. ET (1508 GMT). U.S. gold futures were also up 0.5% at $1,825.70. The dollar index fell 0.4% after hitting a seven-week peak, making bullion less expensive for overseas buyers. [USD/] Read More |
02.25.23- Can Gold Push out the U.S. Dollar as International Tensions Come to a Boil? As the Russia/Ukraine conflict continues to intensify, the risk of deglobalization only grows. Amid escalating tactics from both sides, Vladimir Putin has issued nuclear warnings, while President Joe Biden has been rallying allies in an effort to defend democracies. All this is happening as gold makes its own appearance in this equation, being at the centre of new sanctions and driving a shift away from U.S. dollar hegemony. In this post, we will explore how gold is playing a pivotal role in this conflict and how that could shape the future of global stability. Read More |
02.24.23- Gold Investors Still MIA Gold's sharp selloff this month has been driven by a confluence of factors. Entering February short-term overbought, a couple surprise events ignited big gold-futures selling. Then the US futures regulator failed to report speculators' positioning, breaking the feedback mechanism limiting excessive selling. But the main reason those futures guys have been able to run amok is gold investors are still missing in action. Read More |
02.23.23- Gold Prices Are Knocking On The Door Of New Record Highs When it comes to technical analysis I subscribe to the KISS philosophy: Keep It Simple, Stupid! The more complex it gets, the more the study of charts and price patterns loses its usefulness, in my opinion. In this vein, I’ve noticed a very simple stair-step pattern in the trend of gold prices over the past 25 years or so. Prices move higher until they reach a ceiling, denoted by a descending trend line, at which point they consolidate for a time. During bull phases, like that seen from 2002 to 2011, these consolidation periods don’t sustainably violate the prior trend line; during bear phases they do. Interestingly, these trend lines have created a series of parallel lines that can help to identify support and resistance areas for future consolidation ranges. Read More |
02.22.23- Gold Futures Stealthed Gold has been hammered lower in recent weeks by what looks like heavy gold-futures selling. Normally these hyper-leveraged speculators’ positioning data crucial for gaming gold trends is reported weekly. But unprecedentedly as far as I know, that has gone dark since late January! The gold-futures trading bullying around gold prices is now stealthed, which is troubling and likely contributed to gold’s sharp selloff. Read More |
02.21.23- When Gold Breaks Above $2000, When gold broke above $450 in 2005, prices never looked back. I see a similar outcome as possible when gold prices break above $2000, once and for all. Before we get into the charts, let’s take a quick look at interest rates and macro. Read More |
02.20.23- Sprott Money Precious Metals Monthly Projections - February 2023 |
02.18.23- Silver, at key times, remains the |
02.17.23- Gold’s Return as Money Introduction Recently, I have written about the signals emanating from Russia that President Putin is minded to re-adopt sound money by returning to some sort of gold standard. We do not yet know the details, but consider what he said at the St Petersburg International Economic Forum in June last year: “Caught in the inflationary storm, many nations are asking, why bother exchanging goods for dollars and euros when they are losing value right before our eyes? Indeed, the economy of imaginary wealth is being inevitably replaced by the economy of real valuables and hard assets." Read More |
02.16.23- Billionaire John Paulson: Billionaire hedge fund manager John Paulson said you’re better off owning gold than dollars. Why? Because he thinks the dollar is set up for long-term depreciation as the world drifts toward dedollarisation. Paulson talked about the dedollarisation trend in an interview with journalist Alain Elkann. Read More |
02.15.23- No “North Star” for a Global Economy Drifting in Unsustainable Debt In this latest conversation with Elijah Johnson of Liberty & Finance, Matterhorn Asset Management principal, Matthew Piepenburg, ties together the evolving themes of debt, credit market distress, currency failures and gold pricing. Looking first at the UST market, Piepenburg argues that Treasuries matter simply because debt matters, and debt, by every metric, has passed the Rubicon of sustainability. The obvious distortions (and recessionary signposts) within the Treasury market are made clear by the inverted yield curve and the recent declines in the USD’s relative strength as measured by the DXY. Read More |
02.14.23- Gold price is going to $2,200 as central banks break the global economy - The gold market continues to struggle below $1,900 an ounce; however, long-term, one analyst said that there is still plenty of value in the precious metals space, and it's only a matter of time before gold and silver go higher as investors underprice the risk of a recession this year. In an interview with Kitco News, Thorsten Polleit, chief economist at Degussa, said that he expects gold to continue to shine through 2023 as investors look to protect their purchasing power and hedge against growing economic uncertainty. Read More |
02.13.23- Gold Prepares for New Record Highs In a podcast with Tom Bodrovics at Palisades Radio this week, I discussed among other things the pending change in the calculation of the CPI going forward. The plan is to reduce the “Owner’s Equivalent Rent”, or “OER”, which reduces the overall CPI going forward. It comes on top of favourable year-over-year comparisons that should lead to lower CPIs ahead. This is important because reducing inflation is suddenly the primary focus of the Fed and the White House after the Fed previously called it “transitory”. The Fed is still planning on getting the CPI down to 2% on a year-over-year basis, and now it looks like they could get there—or at least a lot closer to it—sooner rather than later. The headline December number was 5.7% and it’s expected to fall to 5.5% in January. Read More |
02.11.23- China Buying Gold Of course, the Goldbugs always misinterpret a rally in gold. The buying coming from China is in preparation for war – not bullish gold for the sake of gold. I have warned that if war was coming, then you will see China start to sell off US Treasuries. You certainly do not fund your adversary’s war against yourself. China was buying aggressively during January, but they have backed off slightly. January was simply the standard 3-month reaction. The strong gold buying from China corresponded to China’s accelerated selling of U.S. Treasuries. Read More |
02.10.23- Russia to remove euro, only keeps yuan and gold in National Wealth Fund Russia's finance ministry said will reset the share of euro in its National Wealth Fund (NWF) starting from this year, leaving only gold, Chinese yuan and rubles, Russian media reported on Thursday. |
02.09.23- Silver Price Forecast: $44 - $50 Silver Following Breakout The silver price chart is as constructive as we could ask for in expectation of a rapid price appreciation starting in late-2023 and lasting through 2025. Upon a triggering of the current trading pattern, silver will target a price zone of $44 - $50 per ounce. Investors should use any price weakness over the coming months in either silver or high-quality silver miners to prepare for a rapid price appreciation starting later this year. Silver’s Short-Term Bull Flag Silver’s short-term trading pattern is known as a bull flag, so named for its resemblance to a flag on a flagpole. Read More |
02.08.23- Bloomberg’s Gold Investment Advice This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Is gold finally breaching into the mainstream? then gold investment trends and records and gold as a “proof of time.” Bloomberg is now offering gold investment advice Do Bloomberg’s readers really need a primer on gold investment? Aren’t they all experienced economists and investors who know every asset inside and out? Judging by Bloomberg’s latest step-by-step gold investment guide, we’d say not. It almost seems as if a new group of investors might be getting interested in gold. Read More |
02.07.23- Keeping Wealth Safe Since before the days of currencies, people have sought to keep their wealth safe – to store it where it wouldn’t be stolen from others. In the 1970’s, I became the first jeweller that had existed in my country (the country had been a backwater until that time, but was developing rapidly). That made it necessary for me to import precious metals from Johnson Matthey in London on a regular basis. At that time, local banks stored little or no precious metals and that meant that a safe storage location was needed for the ever-increasing inventory of precious metals. It became necessary for us to lease an old bank premises with a sizeable walk-in safe. Read More |
02.06.23- Welcome To The Death Spiral Gold bugs and other long-suffering critics of fiat currency and endless credit expansion have for decades been predicting that soaring debt would eventually blow up the financial world. As the story went, governments with unlimited printing presses would spend and borrow too much, forcing their central banks to keep interest rates unnaturally low to make interest costs manageable, which would encourage even more credit growth, causing inflation to spike, and so on, until everyone loses faith in fiat currencies and the misbegotten things fall to their intrinsic value of zero. Read More |
02.04.23- 2022 was strongest year for gold demand in over a decade — report
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02.03.23- The world's largest silver producing countries in 2022 - report According to preliminary estimates, global mine silver production in 2022 increased by 4% to 26,000 tonnes. Mexico was the largest silver producing country, followed by China and Peru. According to preliminary data released by the U.S. Geological Survey (USGS), global mine silver output was 26,000 tonnes in 2022, which is 4% higher compared to 2021 (25,000 tonnes). Read More |
02.02.23- Massive SILVER SQUEEZE |
02.01.23- Gold demand surged to an 11-year high in 2022 on ‘colossal’ central bank buying Gold demand soared to an 11-year high in 2022 on the back of “colossal central bank purchases, aided by vigorous retail investor buying,” according to the World Gold Council. Annual gold demand jumped 18% to 4,741 tons (excluding over-the-counter or OTC trading) across the year, the largest annual figure since 2011, fueled by record fourth-quarter demand of 1,337 tons. Read More |
01.31.23- The Fed’s Crossroads – While Flash US PMI declined further in January, the input inflation accelerated. It’s not clear whether the Fed should become more dovish or hawkish – and that impacts gold. The flash US PMI Composite Output Index registered 46.6 in January, up from 45.0 in December. It implies that the decline in business activity softened to the slowest in three months. But it was a further fall, as each number below 50 means a decrease in the economic output. The main drivers of the downturn were the impact of interest rates hikes, uncertainty, and high inflation on consumer spending. Read More |
01.30.23- Shortages In Key Natural Resources To Define Next Decade |
01.28.23- As West, Debt, & Stocks Implode; East, Gold, & Oil Explode “The risk of over-tightening by the European Central Bank is nothing less than catastrophic” says Prof Kenneth Rogoff. At Davos he also said:
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01.27.23- Silver Set To Shoot The Moon - |
Gold’s Rise as Freedoms Decline—The New Centralized Normal In his most recent discussion with Tom Bodrovics of Palisades Gold Radio, Matterhorn Asset Management principal, Matthew Piepenburg, weaves together the various threads of historical cycles, political psychology and the hard math of cancerous global debt to make better sense of uniquely challenging times. Specifically, Piepenburg addresses the blunt and hard realities facing informed investors and independent thinkers in a climate of increasing centralization and political controls masquerading as humanitarian progress or technological innovations. Read More |
01.25.23- How (And When)
This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Is $5,700 gold inevitable? Some mixed data from the world’s top mints on gold and silver demand; and how the global de-dollarization movement insulates nations from sanctions. Compared to stocks, gold is 60% undervalued Read More |
01.24.23- Gold Or Silver: A Guide To Buying Precious Metals At first glance, gold and silver seem pretty fungible. They’re both hypnotically pretty. Their prices tend to rise and fall according to the same financial/political forces. They’re both seen as real money by a tiny (very wise) fraction of the population and as atavistic relics by the vast, ignorant majority. And – most important – they will both preserve their owners’ purchasing power when today’s fiat currencies evaporate like the fever dreams they always were. Read More |
01.23.23- Biden Officials Float $1 Trillion Platinum Coin Scheme to Monetize Debt As global elites gathered in Davos this week to discuss their plans for controlling the world economy, the gold market is delivering an alternative message. Among the issues being discussed at this year's World Economic Forum is that of central bank digital currency. A presentation at the meeting based on research funded by the Bill & Melinda Gates Foundation called for central bank digital currency to serve the goal of "redesigning access to money." Read More |
01.21.23- Gold: The End Of Cheap Money Markets fell 20% last year, in its worst yearly performance since the 2008 financial crisis. However rising market optimism on signs of cooling activity is perversely based on the belief that the increase in rates would tame inflation and a recession leading to slower rate increases or even a reversal. Some investors have even declared its death, perhaps prematurely. We believe inflation’s momentum has only slowed and face a 70’s style rebound thanks to a mixture of events. Higher prices and rates loom ahead. Interest rates are only part of the problem as we head into a new era of economic uncertainty. Robust employment numbers show that the economy is ALIVE. Read More |
01.20.23- Contrarian Thoughts on the Petro-Yuan and Gold-Backed Currencies Rather than cheer the concept of a new currency, we're better served to look at the velocity of that currency and the cycles of investing that currency in assets denominated in that currency for a low-risk return. Longtime readers know not to expect me to rubber-stamp anything, be it the status quo or proposed alternatives. Our interests are best served by screening everything through the mesh of independent analysis, a.k.a. contrarianism. Which brings us to the two sources of alt-media excitement in the currency space, the petro-yuan and another wave of proposed gold-backed currencies. Read More |
01.19.23- Japan Is Perhaps the Most Important Risk in the World Speculation is mounting that the Bank of Japan is losing control of the bond market. Jim Grant, editor of "Grant’s Interest Rate Observer", believes this could trigger a shock to the global financial system. He also explains why he expects further surges in inflation and why gold should be part of your portfolio. The news caught markets off guard: On December 20th, the Bank of Japan surprisingly extended the target range for the yield on ten-year government bonds to plus/minus 0.5%. A move that not a single economist had expected. Read More |
01.18.23- Sentiment Speaks: I have now been writing public articles for over 11 years on Seeking Alpha. And, through the years, I have covered many topics publicly, including the S&P 500, oil, the US Dollar, bonds, emerging markets, and many others. And, those that have tracked us over that time have recognized the accuracy of not only our short term calls but of our long term ones as well. Of course, we will never be correct all the time, but I think our long-term record speaks for itself. Read More |
01.17.23- Metals Poised To Shoot Higher Amid Deep Recession |
01.16.23- And Now, for Something Entirely Different: A Reality Check to Indoctrinated Woke Students at the Oxford Union |
01.14.23- Gold Buying Only Starting Gold has powered higher smartly over the past couple months, achieving big gains. But this gold buying is only starting, implying this young upleg still has a long way to run yet. Speculators' gold-futures buying remains modest, while much-larger identifiable investment buying hasn't even begun. Traders will have to increasingly chase gold's upside momentum to restore normal portfolio allocations, really amplifying its gains. Read More |
01.13.23- The Great 2023 Run on Physical Silver |
01.12.23- Will China Force the U.S. to Restore Gold as Money? In response to the U.S. government’s weaponization of the dollar through such measures as sanctions and trade wars, China, along with Russia and other nations, are making efforts to dethrone the dollar as the world’s international reserve currency. For example, Russia and China are now using the Chinese yuan, rather than the dollar, for payment for Russian oil. Saudi Arabia is now talking about doing the same thing. Read More |
01.11.23- Nine Days Into 2023, and Gold Is Already Blowing Experts Away This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold, already off to a great start, nears $1,900; why the Federal Reserve might stop hiking in February; and China shares more interesting data about its bullion hoard. Gold had a great first week of the year. Read More |
01.10.23- In 2023, Silver Starts With a Bang! |
01.09.23- What Can Stop Gold Now? In our last article, we noted that Gold is outperforming everything. It is trending higher and positioned above rising 200-day moving averages when charted against the stock market, bond market, commodities, and foreign currencies. Yesterday it closed at a fresh two-year high against the conventional 60/40 portfolio. To be sure, on a technical basis, nothing will be able to stop Gold when it breaks to a new all-time high. Such would confirm the most significant Gold breakout in roughly 50 years. Read More |
01.07.23- Weekend Rant: 5 Ways the “Inflation Reduction Act” Is Stealing Your Money Much like the Patriot Act had little to do with making life safer in the U.S., the Biden administration’s “Inflation Reduction Act” has very little to do with reducing inflation. Thanks to this “Inflation Reduction Act,” our lives are about to get even more expensive for just about everyone. If you’re saving money for retirement, heating your home or driving a car, well, get ready to start paying higher prices. Read More |
The secret known by many wealthy investors is that Diamonds are the most portable form of wealth in the world. Jacques Voorhees, known as the Father of online Diamond Trading, explains why Diamonds provide investors with the highest concentrated form of wealth when it’s critical to move quickly. Read More |
01.05.23- Robert Kiyosaki Predicts Gold Price Soaring to $3,800 While Silver Rises The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has predicted that the price of gold will soar to $3,800 this year while silver will hit $75. He also shared why he became “a gold bug” and “a silver nut.” Robert Kiyosaki’s 2023 Gold and Silver Price Predictions The author of Rich Dad Poor Dad, Robert Kiyosaki, has shared his prediction on how high he thinks the prices of gold and silver will reach in 2023. Read More |
01.04.23- Market Experts Are Predicting This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: What banks expect in 2023, what pundits expect in 2023, and is platinum making a comeback? Here’s where banks see gold going in 2023 Many who follow high-profile private sector forecasts have seen Saxo Bank list gold as a possible black swan beneficiary in 2023. Should circumstances meet their expectations, says the bank, gold could soar to $3,000 this year. A large increase that obviously tells us gold has room to go. Read More |
01.03.23- 2022 - A Momentous Year The last couple of years have been significant in silver (and gold), not particularly price-wise, but in other important ways. For instance, 2020 was particularly note-worthy in that JPMorgan was partially brought to justice for its many years of manipulating the price of precious metals on the COMEX and agreeing to settle with the Justice Dept and CFTC for a reported $920 million. Read More |
01.02.23- Paper Currency Is Worthless |
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