Andy has been working 20 hours a day. That's how intense the demand is for precious metals. Last month every bullion deal shut down due to a major dump of metals contracts into the market. Physical metal is being drained from the SLV and the Comex. Same with the London Metals Exchange. Price is misdirecting the public as the powers that be use the opportunity to drain the metal out.Spend, spend, s...Read More
As financial markets sold off this week, preciousmetals got dragged down in the selling. The culprit, once again, was risingbond yields.On Thursday, the 10-year Treasury climbed above 1.5%. While still low on ahistorical range, the upside momentum has investors concerned. Over the pastseven months, the 10-year yield has tripled from a low of just 52 basis points. The 10-year note serves as a bench...Read More
Several factors influence gold prices (mainly the US dollar, gold ETF inflows/ outflows, inflation rate, bond yields, safe haven demand, physical gold demand, gold supply) but none is more reliable than real interest rates.The demand for gold moves inversely to interest rates — the higher the rate of interest, the lower the demand for gold, the lower the rate of interest the higher the deman...Read More
Gold has suffered unrelentingselling in the last couple months, hammering it and its miners’ stocks muchlower. Those outsized anomalous losseshave left sentiment in tatters, with overpowering bearishness universal. Gold’s thrashing had nothing to do withfundamentals, it was driven by cascading momentum selling in gold futures andgold-ETF shares. But such dumping isfin...Read More
Meanwhile, eyes are fixed on interest rates for US Treasury bonds. During the same six-month period (August 2020 – February 2021) during which the price of gold fell by seventeen percent, the price of the 20-year US Treasury bond fell by twenty percent. That IS a huge deal, as it corresponds to sharply higher interest rates from less than 1% last August to as high as 2.26% just the other day...Read More
Kevin O'Leary is a Canadian businessman, investor, and television personality. From his basement, he launched SoftKey Software Products and In 1999 Kevin sold his company to the Mattel Toy Company for a staggering 3.7 billion dollars, one of the largest deals ever done in the consumer software industry. To keep his money working hard, he took control of his wealth from his lackluster money manager...Read More
What's going to happen when the massive demand for silver, copper, and other metals required for the Electrified Economy & Green New Deal collide with the grim reality of already depleted stockpiles of above-ground metals and a mining industry that has been on the ropes for decades, and is facing ever-increasing hostility from both governments and environmentalists, in these times of increasingly...Read More
"We are building networks of surveillance we cannot escape from without really thinking about the consequences. Our desire for Continue...Read More
Today the BLS reported on hourly wages and real (inflation adjusted) hourly wages. Let's see how you are doing.Continue...Read More
Just hours after the House passed the Democrats' $1.9 trillion stimulus package (which will unleash another wave of "stimmies" that will inevitably find their way into Continue...Read More
Did the FBI make off with 'seven to nine tons' of Civil War-era gold in a Pennsylvania forest after a treasure hunting duo led them to its long-hidden location?Continue...Read More
George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the age of 38, George semi retired and...Read More
Dollar: a paper money, silver or cupronickel coin, and monetary unit of the United States, equal to 100 cents.So runs the dictionary definition. But if one dollar equals 100 cents... what then is a cent?The answer is one-hundredth of one dollar. And what again is one dollar? 100 cents.And so we begin an infinite chasing of the tail - one dollar is 100 times one cent, one cent is one dollar divided...Read More
Mar 12, 2021 Gold's role as the primary inflation hedge has been replaced by other assets, as investors bet on raw commodities to outperform during a reflationary environment, said Phil Streible, chief market strategist of Blue Line Futures. "Typically, [gold and inflation expectation] do correlate together because gold has historically been a great asset class for inflation," Streible said. "Howe...Read More
As financial markets sold off this week, preciousmetals got dragged down in the selling. The culprit, once again, was risingbond yields.On Thursday, the 10-year Treasury climbed above 1.5%. While still low on ahistorical range, the upside momentum has investors concerned. Over the pastseven months, the 10-year yield has tripled from a low of just 52 basis points. The 10-year note serves as a bench...Read More
Several factors influence gold prices (mainly the US dollar, gold ETF inflows/ outflows, inflation rate, bond yields, safe haven demand, physical gold demand, gold supply) but none is more reliable than real interest rates.The demand for gold moves inversely to interest rates — the higher the rate of interest, the lower the demand for gold, the lower the rate of interest the higher the deman...Read More
Gold has suffered unrelentingselling in the last couple months, hammering it and its miners’ stocks muchlower. Those outsized anomalous losseshave left sentiment in tatters, with overpowering bearishness universal. Gold’s thrashing had nothing to do withfundamentals, it was driven by cascading momentum selling in gold futures andgold-ETF shares. But such dumping isfin...Read More
Meanwhile, eyes are fixed on interest rates for US Treasury bonds. During the same six-month period (August 2020 – February 2021) during which the price of gold fell by seventeen percent, the price of the 20-year US Treasury bond fell by twenty percent. That IS a huge deal, as it corresponds to sharply higher interest rates from less than 1% last August to as high as 2.26% just the other day...Read More
As financial markets sold off this week, preciousmetals got dragged down in the selling. The culprit, once again, was risingbond yields.On Thursday, the 10-year Treasury climbed above 1.5%. While still low on ahistorical range, the upside momentum has investors concerned. Over the pastseven months, the 10-year yield has tripled from a low of just 52 basis points. The 10-year note serves as a bench...Read More
Jack ChanPosted Mar 8, 2021Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal.Short-term signals can last for days and weeks and are more suitable for traders. Speculation is now at the lowest level in years.Data is supportive for overall higher silver prices.Our ratio is on new BUY...Read More