Mark O'Byrne is a former executive and research director of www.GoldCore.com which he founded in 2003. He is currently a consultant for the firm. GoldCore has become one of the leading gold brokers in the world and has over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.Read More
"You're probably going to see more volatility this summer than most people anticipate. You'll have a betterContinue...Read More
Here are five Fastmarkets stories you might have missed on Friday May 14 that are worth another look.Some Chinese ports have made stricter checks or have imposed extra fees on iron ore cargoes from India recently, the better to prevent the spread of the Covid-19 pandemic, market sources have told Fastmarkets.Africa-origin copper shipments were facing delays as long...Read More
Gold scored some victories over thepast days, but it’s playing a risky game. One misstep and the yellow metalmight lose the war.Sometimes, a good strategist needs togive up a few battles to eventually win the war. Or, at least, convince theirenemy that they’re defeated while preparing a counterattack. Just the same, achess player may need to sacrifice a piece in order to checkmate a ki...Read More
Gold bugs are closely watching what happens with Treasuries. Last year, the gold price hit a record high of $2,034/oz, largely due to the fact that investors were piling into bonds as a safe haven against pandemic-related uncertainty. A descending US dollar and negative real rates (when bond yields minus the inflation rate fall below 0%) were also important antecedents. Over the past several weeks...Read More
We recently completed some interesting research related to one of our newest Custom Indexes – the Commodities to Smart Cash Index (C2SC Heat Index) – weighted by the US Dollar and VIX. We’ve been reviewing this new index for months watching it to see how it reacts to various trends in Lumber, Gold, Treasury Yields, the Smart Cash Index, and other weighted values. Rece...Read More
Let’s start by defining hyperinflation… “Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. While inflation is a measure of the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month.” (source)In addition, hyperin...Read More
The GDX and HUI Index are enjoying ablissful moment. With HUI behaving civilly, will the GDX cling to theunrealistic and try to leap to cloud “ten”?With the GDX ETF punching a hole throughits glass ceiling, the seniorminers are now witnessing an environment that’s beyond their wildestdreams: sunshine, clear skies and a utopia that’s eluded them since thebeginning of the New...Read More
Before going into detail regarding my latest research and cycle phases, I want you to think of these cycle phases as Advancing and Declining cycle trends. They act as a “build-up of trend”, then an “unwinding of trend”. In each instance, trends can be either Bullish, Bearish, or Neutral in nature. My research team and I believe a new Bullish Cycle Phase ha...Read More
The USD Index let out a roar heardacross all markets. The king of the financial jungle arrived, along with thegreenback’s largest single-day gain.Just as the African landscape sometimesneeds to show the strongest of its inhabitants, so does the less remote butequally ferocious financial environment. This time, the USDX seems to have wonthe fight – its fangs and claws turned out to be t...Read More
As President Joe Biden pushed massive new spendinginitiatives in his address before Congress, investors shrugged off risinginflation risk. They pushed the S&P 500 up to a new record close onThursday.Gold,meanwhile, continues to be capped under the $1,800 level – at least for thetime being. Silver shows a slight weeklygain and trades a little over $26 per ounce. As trading closes ou...Read More
Gold started its decline withoutanyone’s assistance. And when the USDX takes off, that downhill tumble can onlyincrease.The USDX declines and the precious metalssit by idly, twiddling their thumbs. If they had the strength that’s beingtalked about, they should be soaring by now, or getting ready to. So, what’stheir problem?In the previous days, I discussed thesignals coming from...Read More
The Fed left its monetary policy unchanged. However, the lack of any action amid economic recovery is dovish – good news for gold.On Wednesday (Apr. 28), the FOMC has published its newest statement on monetary policy . The statement wasn’t significantly altered. The main change is that the Fed has noticed the progress on vaccinations and strong policy support, and that, in consequence,...Read More
There is misleading information and propaganda in the claim that SLV is 100% backed by physical silver...by Jason Burack of Wall St For Main StThis week, the Financial Times reported that Silver ETF assets surge to all-time high.Silver ETF assets surge to all-time high as retail investors pile in https://www.ft.com/content/22ee1221-1...However, there was misleading information and propaganda in th...Read More
Although once again the Federal Reserve says its "temporary", and despite the spike, silver got pummeled...by Chris Marcus of Arcadia EconomicsOn Wednesday Wall Street posted one of its biggest inflation numbers in history.Although once again the Federal Reserve says its "temporary", and despite the spike, silver got pummeled. Read More
Althoughwe tend to focus more on the fundamentals here at Money Metals, thetechnical indicators can offer important insights. Such as right now.Manytraders, investors, andmomentum players will closely examine the market trend to determine if and whento enter or exit the market.Amarket with a strong technical foundation can launch to dizzying heights, whilea market displaying weak technicals will h...Read More
Here are five Fastmarkets stories you might have missed on Friday May 14 that are worth another look.Some Chinese ports have made stricter checks or have imposed extra fees on iron ore cargoes from India recently, the better to prevent the spread of the Covid-19 pandemic, market sources have told Fastmarkets.Africa-origin copper shipments were facing delays as long...Read More
If you're still waiting to buy physical silver to start a stash, you're now playing financial Russian Roulette... with fourrounds in the cylinder.The chat rooms talk about buying silver andgold when they decline in price. "If silver goesdown to 22, I'm all in!" "When these 'excessive' premiums drop a fewdollars, I'm backing up the truck."1) Emotion and Sentiment Believe it or n...Read More
Peter Krauth of Silver Stock Investor discusses silver's rise and what may lie ahead.Spot silver is trading around $26 per ounce…but you can't buy any at that price.Instead, you'll have to pay almost 50% more.That's right. If you want silver right now, you'll need to pay at least $35 per ounce.If you prefer government mint coins, and you're willing to wait a month to get them, you'll have t...Read More
Indicators are pointing to gold andmining ETFs running out of breath. They don’t seem to have what it takes to themove to the finish line.Despite gold, silver and mining stocks’recent corrective upswings, the precious metals are running out of steam. Afterbursting off of the lows – while failing to recognize that it’s a marathon andnot a sprint – the precious metals&r...Read More