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
Allthat glitters isn’t gold.Silveralso has quite a shine lately.Whilegold has gotten the headlines, silverhas had a solid bull run over the last several months. In fact, the white metal has outperformed gold inthis gold bull market.Lastweek, silver charted an 11 percent gain, cracking $30 an ounce for the firsttime in over a decade. Andsince its low in February, Silver is up over 41 percent....Read More
Wall Street is ecstatic after the Dow Jones Industrial Average(DJIA) hit 40,000 for the first time ever. The nominal record makes for plentyof pithy headlines.The Dow is indeed racing higher in terms of depreciating U.S.fiat dollars. But what about in terms of real money – gold and silver? The headline news not being reported in the mainstream financialmedia is that the stock market benchma...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
Kyler Hardy, Executive Chairman of Temas Resources Corp. (CSE:TMAS)(OTCQB:TMASF), discusses the company's titanium ...Read More