Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Over the last 125 years, the silver charthas formed two remarkable, similar patterns. The chart below shows a yearlysilver chart (only closing values): It is amazing how the 49-year pattern from1919 to 1968 has a similar form to the one that started circa 1980....Read More
Could we see $27,000 gold?That seems far-fetched but financial analyst and investment banker Jim Rickards makes the case that it could happen.Gold charted a big rally in recent months, hitting a new all-time high of over $2,400 an ounce last month. Even with the higher prices, gold demand has remained robust. Central banks globally are adding gold to their reserves, as have investors, particularly...Read More
The major gold minersjust wrapped up another quarterly earnings season, reporting greatresults. Sector unit profits continuedblasting higher on stable production, lower mining costs, and record prevailinggold prices. Yet individually plenty ofmajors still struggled with rising expenses or lower output. So deploying capital in miners to leveragegold’s remarkable breakout req...Read More
Over the last couple of months, gold has scaled record highs, peaking at over $2,430 an ounce before correcting and settling in the $2,300 range. That's a healthy gain. But you could argue that gold remains significantly underpriced given the inflation we've experienced that continues to rapidly devalue the dollar.That leaves many people wondering when gold is really going to break out. It's impos...Read More
There are cracks in the foundation of dollar dominance. CouldChinese gold be the straw that breaks the dollar’s back? In a column published by the Telegraph,economist Julian Jessop points out that people have been predicting thedollar's demise for decades. Eventually, they'll be right.“And that day may be drawing much closer.”It may seem premature to talk about the demise of the...Read More
Michael Ballanger of GGM Advisory Inc. shares how India's copper demand may impact the metal's price. Ballanger also reviews the gold and silver market, and shares one company he thinks might have a VMS project. As I was doing some research this week on the history of copper demand, what started as a focus on China wound up with some interesting revelations surrounding the economic history of neig...Read More
Can the HUGE price move from thoseyears really be repeated?AnalogousSituations: 2008, 2022, and NowAs gold continues to move back andforth in the same trading range, I decided to dedicate today’s analysis tosomething different. After all, I already described my current goldprice forecast for May 2024 and the situation in the forex marketremains just as I had described it earlier. I emphasize...Read More
As economic data comes in worse than expected, investor uncertainty is rattling markets. On Thursday, the Commerce Department released its estimate of Gross Domestic Product for the first quarter. GDP growth came in at a disappointing 1.6% -- well short of the 2.3% consensus forecast.Stocks sold off on the news. But gold and silver markets bounced modestly off their lows from earlier in the week....Read More
Financially speaking, the markets have been all over the map in the past four years since the onset of Covid and the self-inflicted wounds from forced economic shutdown. I went back to August 2020, five months after the festivities began, and pulled up some charts which show the price action since then for gold (money), wheat (food), crude oil (energy), and stocks (S&P 500). I will make...Read More
Another week, another record high for gold. On Wednesday, the monetary metal surged above $2,300 per ounce. Ittook a bit of a breather Thursday ahead of today’s key employment report but itrallied again on Friday. Turning to silver, it made a significantbreakout of its own this week. The white metal shot upabove the $27 level to a fresh 2-year high and rallied to over $27.50 on Friday...Read More
On the occasion of another standout payrolls report, we note that the macro is indeed changing beneath the surfaceAnother payrolls report, another beat of expectations. Here is the breakdown of the details as posted earlier. However, let’s pluck one graphic from that post and illustrate a phenomenon I’ve been watching unfold for several months in a row; that of unabated government hiri...Read More
GOLD PRICE IF THE FED DOESN’T CUTWith the increasing gold price of late comes the assumption that the expected cut in interest rates will open a torrent of cheap money that will bring the U.S. dollar down with a thud. But, what would happen to the gold price if the Fed doesn’t cut interest rates?What seemed like a universally expected event may not be as likely as some have assum...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points at 8:35 AM EDT.European Central Bank updated its Overnight Lending Rate for major banks at 8:15 AM EDT Consensus was a reduction from 4.50% to 4.25%. Actual was a reduction to 4.25%.April U.S. Trade Report was announced at 8:30 AM EDT. Consensus was a deficit of $76.5 billion versus a deficit of $69.40 billio...Read More
I'm sure you recall the banking crisis of March to May 2023.It began with the collapse of the little-known Silvergate Bank on March 8. This was followed the next day by the collapse of the much larger Silicon Valley Bank (SVB) on March 9. SVB had over $120 billion in uninsured deposits.Bank deposits over $250,000 each are not covered by FDIC insurance. Those depositors stood to lose all their mone...Read More
Beware the sting in the tail.In the context of today's reckoning, beware the sting in the banking tail.Beginning March last year, the banking system absorbed a substantial clout.A score of regional banks sank to their knees... and plunged into receivership.By way of background:Their portfolios were loaded through with long-term Treasury bonds. The banks purchased these "safe" bonds in a period of...Read More
Rule Symposium on Natural Resource Investing Copy Link Here: ...Read More
reddit #degenerate.Read More
Silver #mining #stockmarket #resources Rule Symposium on Natural Resource Investing Copy Link Here: ...Read More