Precious metals markets got dealt a technical blow after gold and silver sold off on Thursday. Stronger-than-expected economic reports boosted the U.S. Dollar Index, which in turn gave futures traders all the rationale they needed to pound longs with sell orders. Silver traded down to a slight new 2021 low. Unless prices recover quickly here and carve out a double bottom, stop-loss selling could s...Read More
The Copper/Gold ratio remains at a key decision pointGold has been clobbered lately but a key metallic macro indicator remains in a long-term congestion zone. If it’s going to be cyclical ‘inflation ON’ we’d expect Cu/Au to break through and do what it has not done since a major inflation trade blew out in 2006-2008, and for the 30yr Treasury yield to eventually catch on an...Read More
August marked the 50th anniversary of Nixon’s abandonment of the gold standard. It caused so many problems for the economy…and gold didn’t take over?Last month marked the 50th anniversary of President Nixon’s suspension of the convertibility of US dollars into gold. This move broke the last, thin link between world currencies and the yellow metal, effectively ending the er...Read More
The ECB tapered its asset purchases. Only that it didn’t taper at all. Are you confused? Gold isn’t – it simply doesn’t care.Tapering has begun. For now, in the Eurozone. This is at least what headlines suggest, as last week, the Governing Council of the European Central Bank held its monetary policy meeting. The European central bankers decided to slow down the pace of the...Read More
Autumn is just around the corner, andwhile the precious metals tasted some success most recently, the medium-term isstill set for a downtrend.With Fed Chairman Jerome Powell stickingto his dovish guns and U.S. nonfarm payrolls elongating the central bank’sperceived taper timeline, gold, silver, and mining stocks were extremely happycampers. However, with event-driven rallies much more sembla...Read More
Gold Price Back Below $1,800!Easy come, easy go. The yellow metal rallied on Friday just to plunge on Tuesday. What’s your next move, Mr. Gold?Ugh, the recent rally in gold prices was really short-lived. As the chart below shows, the price of gold increased after the publication of disappointing nonfarm payrolls on Friday. However, it declined as soon as on Tuesday, and on Wednesday it slid...Read More
As a keen observer of the silver market, something recently caught my eye concerning the relationship between silver and gold (well-recognized) and silver and copper (less so).Traditionally, silver prices have tracked gold prices fairly closely, which makes sense given that both function as monetary metals, and they often occur together in mineral deposits. The correlation between gold and silver...Read More
Will this September be one to remember in the markets? It is often characterized by rising volatility heading into the fall. September also often ushers in a period of seasonal strength for precious metals markets.U.S. stocks opened the month heading back up to record levels. Meanwhile, gold and silver traded with little fanfare. Prices bounced around quietly ahead of Friday’s big jobs repor...Read More
Here are five Fastmarkets stories you might have missed on Friday October 22 that are worth another look.Large volumes of steel billet position cargoes held by traders have been offered at lower prices to buyers in Southeast Asia in recent days amid China's continued price decline, sources told Fastmarkets.Vale...Read More
The gold and silver you purchased served as a financial safety net for your family during difficult times. For the time being, though, it's up to you to keep your gold and silver bars and coins safe until you need them.Many things, including your level of comfort, will be affected by where you keep your precious metals. We'll analyze the benefits and drawbacks of various storage options so you can...Read More
What will happen to gold's value if the economy goes into recession?Is it wise to keep some gold on hand as a hedge against a financial collapse?Assets kept on paper become a liability in uncertain times. Investors frequently have a low opinion of paper money, especially when it comes to government debt. Intangible assets are the only true safe haven; they have real intrinsic value and aren't just...Read More
Investing in gold has a long historyEven before the stock market was invented, gold was used as a financial asset and a store of value. Gold was used as currency as early as 550BC, but it has long been seen as a symbol of riches. Until the financial crisis of 2008, gold's price remained stable. The central banks' implementation of quantitative easing prompted the price increase.What are the benefi...Read More
The only time you should consider cleaning a coin is if it has sentimental significance over monetary value, or if the coin is not extremely uncommon. If you collect common currency such as Lincoln pennies, which are neither unusual nor ancient, you may want to consider cleaning your coins first.Before attempting any of these techniques, consult with a coin specialist or fellow numismatist if you...Read More
Palladium has grown in popularity as a means of investment in recent years. Palladium, in contrast to gold, is predominantly used in modern industries as well as jewelry and investment. Investors took notice in 2019 when palladium's price surpassed that of gold. Investing in palladium as a hard, dollar-denominated metal may have several advantages. The following are a few such advantages:Diversifi...Read More
Gold, like all investments, comes with a slew of tax ramifications. We'll try to address some of the most often asked questions about gold taxes in this post.When it comes to gold taxes, you don't have to be scared off. No one has ever been in your shoes. The investment in gold is one of a kind. It's subject to a number of tax regulations, just like any other type of investment.There are no specif...Read More
Here are five Fastmarkets stories you might have missed on Friday October 22 that are worth another look.Large volumes of steel billet position cargoes held by traders have been offered at lower prices to buyers in Southeast Asia in recent days amid China's continued price decline, sources told Fastmarkets.Vale...Read More
USA Watchdog, Released on 10/23/21Join Greg Hunter as he goes one-on-one with Dr. Pierre Kory, one of the top Pulmonary and Critical Care experts on the planet who is co-founder of the Front Line Covid-19 Critical Care Alliance. Dr. Kory says history will also not be kind to Dr Fauci. Dr. Kory contends Dr. Fauci made nearly every decision in favor of Big Pharma and not the public.Calamitous Suppre...Read More
The Income Generation Show, Released on 10/24/21Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles hold four of the top ten spots on Nielsen Bookscan List's Life-to-Date Sales from 2001-2008 alone. Robert is an educational Entrepreneur and real estate tycoon, co-creator of the CASHFLOW (R) board game, founder of the financial...Read More
Wall St. For Main St., Released on 10/23/21Aaron thinks that the rally in coal, oil and nat gas may be taking a break soon, especially natural gas. Is the cold winter and the energy crisis in China and Europe already priced into energy markets?Aaron also thinks that US Treasury yields may break out. Silver and gold are close to breaking out again unless the Dollar Index (DXY) rallies more. Become...Read More
Summit News, Released on 10/19/21"In the name of God, I ask the technology giants to stop exploiting human weakness, people's vulnerability, for the sake of profits without caring about the spread of hate speech, grooming, fake news, conspiracy theories, and political Continue... Pope Demands Silicon Valley "In the Name of God" Censor "Hate Speech," "Conspiracy Theories" added by Herman James on 1...Read More