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

The PCE Index statisticswere released today, and you might wonder what impact they will have on theprice of gold.Let’s dig in.One might think that PCE is a criticaldriver of gold prices (and thus, you might be concerned with what the number isgoing to be), and there is some truth to it, but looking at how those reportshave indeed influenced gold price provides extra context to what...Read More

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 opportun...Read More

Did today’s decline in gold surpriseyou? It shouldn’t – during Thursday’s rally, gold moved to two resistancelines.And I sent out a special Alert indicatingthat this was actually a shorting opportunity. That’s my second position ingold in years, and we closed the previous one (it was a long position)profitably in April this year. The Beginning of aBigger MoveAnd let m...Read More

Bitcoin was heralded as the new gold.But the “old” gold ultimately managed to move above its 2021 highs, while the“new” gold didn’t.Gold didn’t disappear; they both coexist,and they both have a strong anti-dollar vibe.Questioning Bitcoin'sRallyBut… Could it be the case thatbitcoin’s rally is over? It hasn’t moved to new highs after all, despit...Read More

During the Great Depression, both silver(1931) and the Dow (1932) reached a significant low. Both have rallied significantlysince then. However, the structure of the rallies was very different.To date, the Dow has significantlyoutperformed silver since those lows. The Dow increased 988-fold from the lowto the all-time high, whereas silver has only increased 179-fold from the lowto the all-time hig...Read More

The US dollar is on the brink of a majormeltdown. This is apparent based on fundamental and technicalanalysis. Over the last 5 years, the US dollar has sustained somemajor damage through policy without losing much value against other fiat currencies.In other words, the market has not yettaken into account the true (debased) state of the US dollar, but it will soon.Since the US dollar is probably t...Read More

Later on in today’s program, we have an important update on Money Metals’ efforts to enact pro-sound money laws across America. Six bills have become law this year, making 2024 the most successful year for our sound money efforts so far. So, stick around for an interview with our own Jp Cortez, coming up after this week’s market update.Well, gold has been the headline performer i...Read More

Gold, silver, and theirminers’ stocks suffer their weakest seasonals of the year in earlysummers.  With traders’ attentionnormally diverted to vacations and summer fun, interest in and demand forprecious metals usually wane.  Withoutoutsized investment demand, gold tends to drift sideways to lower draggingsilver and miners’ stocks with it.  Longfeared as the summer...Read More

The quick answer is not much - at least not relatively speaking.According to the World Gold Council, as of the end of 2023, around 212,582 tons of gold have been mined throughout history. About two-thirds of that amount was dug out of the ground since 1950.That sounds like a lot of gold, but if you melted down every ounce of gold ever mined and formed it into one block, it would only measure 73 fe...Read More

India imported more silver through the first four months of 2024 than it did in the entirety of last year.Indian silver imports totaled 4,172 tons of silver from January through April. That compares with 455 tons during the same period in 2023. India imported 3,625 tons of silver last year.India ranks as the world's number one silver consumer. According to a Reuters report, rising demand from the...Read More

GOLD HAS DONE ITS JOBFor most of us who understand what gold is (and, what it isn’t), gold continues to perform as reasonably expected. Rather, its price continues to reflect the ongoing loss of purchasing power in the U.S. dollar. Gold, itself, isn’t doing anything at all. (see Not About Gold; All About The Dollar)Short term nominal profits notwithstanding, gold’s value is the s...Read More

After getting off to aslow start in this upleg, gold miners’ stocks are beginning to catch up withtheir metal.  Gold stocks laggeddreadfully early on, but are increasingly outperforming in gold’s remarkablebreakout surge of recent months.  Thesemounting gold-stock gains are boosting bullish sentiment, attracting in moretraders accelerating the upside.  Thisvirtuous circl...Read More

Gold and silver soared and plungedtogether, but… Not at the same pace. And this can tell a lot.RecentMovements and Their ImplicationsThe way in which both precious metalsmove relative to each other is not random. It has specific rhythms andpatterns, and understanding what it means can give one an extra edge over othermarket participants. Every now and then, thegold-to-silver ratio move...Read More

USD index has given back recent gains this morning with bond yields continuing to rise.Gold (+.2%) and silver (+.77%) are rebounding very slightly but there has occurred some s/t technical damage, especially for gold. Copper (- .2%) and oil (-.08%) are lower, while stock index futures are modestly higher across the board. Yesterday was one of those classic days where the powers that be decided tha...Read More

The mid-tier and juniorgold miners in this sector’s sweet spot for upside potential recently wrappedup their latest earnings season.  Thesefundamentally-superior smaller gold producers delivered big last quarter, reportingspectacular results.  The potentcombination of record gold prices, lower mining costs, and better productionfueled some of their richest profits ever. Yet mi...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:30 AM EST.U.S. equity markets are scheduled to close today at 1:00 PM EST. U.S. bond markets are scheduled to close at 2:00 PM EST.ASML added $15.20 to $642.90 on news that a crackdown by the U.S. on sales of semiconductor chip sales to China will be less severe than forecast. EquityClock's Stock Market...Read More

In 2023, global silver production was approximately 26,000 metric tons. During the same period, gold production was around 3,000 metric tons.So 8.6x more silver is mined annually than gold. Yet gold trades at about 86x the price of silver today ($2,633/oz for gold and $30.60/oz for silver).What explains this disconnect? The primary differentiator is the fact that central banks buy and hold large q...Read More