Due to measures taking by the West Point Mint to protect workers from the virus, the production of gold and silver coins will be reduced over the next 12-18 months. By enacting these worker policy changes, the U.S. Mint will not be able to produce gold and silver bullion coins at the same time. Thus, if demand continues to be strong for Gold and Silver Eagles, we could see higher premiums...Read More
Dear Friend of GATA and Gold:Appended is tomorrow's editorial in the Financial Times, which, taking note of gold's sharp rise in price, begins with a factual error, goes on to sulk for six paragraphs, and concludes with the hope and expectation that gold will go back in the dumpster eventually.The error beginning the editorial is the assertion that gold doesn't pay interest. Gold doesn't automa...Read More
By: Ira EpsteinGold has spent 6 days in a row over the upper Bollinger band, this is unheard of. I have seen a 7 day before, this is a sign of great strength! Gold has 18DMA at 1836+ area and rising quickly. Silver had an amazing move. I would be very careful, $4-range in one day! I appreciate your bravery, but I just don't have it. I would avoid leverage futures here:Read More
Gold and silver are firm before the FOMC. There is expectation that Federal Reserve will reiterate of easy monetary policy for a very long time. Federal Reserve and most central banks will tolerate higher inflation for the rest of the year and next year. This is one of the reason why gold and silver prices are rising. I have been saying for quite a while that global economic growth in the third...Read More
With silver breaking out decisively to the upside, bears are running for cover.We had noted in our July 13th News Alert, “We are paying especially close attention to the bull vs. bear tug-of-war in the silver market around $19/oz. If the bulls yank prices decisively above that level on a strong close, short covering by capitulating bears could help drive a powerful breakout rally.”That...Read More
With silver breaking out decisively to the upside, bears are running for cover.We had noted in our July 13th News Alert, “We are paying especially close attention to the bull vs. bear tug-of-war in the silver market around $19/oz. If the bulls yank prices decisively above that level on a strong close, short covering by capitulating bears could help drive a powerful breakout rally.”That...Read More
With silver breaking out decisively to the upside, bears are running for cover.We had noted in our July 13th News Alert, “We are paying especially close attention to the bull vs. bear tug-of-war in the silver market around $19/oz. If the bulls yank prices decisively above that level on a strong close, short covering by capitulating bears could help drive a powerful breakout rally.”That...Read More
LONDON, 29 July 2020 - Fear of inflation is not the prime motivation for people investing in gold reports finance-professionals site Citywire today, quoting a survey of BullionVault users.Instead, 61% of the 1,300 respondents to BullionVault's twice-annual poll this month believe bankruptcies and defaults due to the Covid pandemic now pose the largest threat to global financial stability.Read the...Read More
LONDON, 29 July 2020 - BullionVault is named today as a way for private investors to buy physical silver by the UK's Daily Telegraph.Subscribers can read the full story here:Forget gold, silver is rising faster and will continue its run Read More
Stewart Thomson, Graceland Updates1. Gold has arrived at significant resistance in the $1900-$2000 zone. Investors need a solid plan of action to deal with the intense volatility that is currently enveloping the market.2. Please click here now. Double-click to enlarge this December futures gold chart.3. In 2011, a key futures contract traded at about $2000. That...Read More
By: Ira EpsteinGold is in a historic moment. This market has not have had a lower-low day in this breakout, not allowing people in. SIXTH-day in a row over the Bollinger band now:Read More
Jack ChanPosted Jul 27, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal. Short-term signals can last for days and weeks and are more suitable for traders.COT data on gold is supportive for overall higher prices.Data is also supportive for overall higher silver prices.Our ratio...Read More
Gold and silver have now entered 'Phase 3' according to Mike Maloney. So what is it that has changed to bring us into this new environment? It is something that Mike has been expecting for some time, and is finally here: monetary demand. And as he hints towards the end of this video, 'You ain't seen nothin' yet'. Michael Maloney is a precious metals investment expert and historian. He is the found...Read More
Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieute...Read More
If some Congress members get their way, the Federal Reserve may soon be able to track many of your purchases in real time and share that information with government agencies. This is just one of the problems with the proposed "digital dollar" or "fedcoin."Fedcoin was initially included in the first coronavirus spending bill. While the proposal was dropped from the final version of the bill, there...Read More
"Extend and Pretend" forevermore.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Topics:The road to hell is paved with good intentions.The ADA further disables the disabled.American Samoa was crippled by the Fare Wage Act.Discrimination laws create more discrimination.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He...Read More
TikTok's data collection is extreme, even for a social media platform that collects its users' data to serve them with targeted ads. Continue...Read More
Why the change in attitude? Perhaps it was because rioters in his city trashed and looted the downstairs to his apartment complex.Continue...Read More