Geopolitical tensions have lit a fire under gold and silver prices. A confluence of factors has finally pushed gold and silver above key technical resistance levels. Gold hit a 5-month high, rising over $20 (1.5%) to $1,275. It is the...
Gold and silver prices posted a strong start to the year in 2017, despite the December rate hike. This was a repeat of last year, when the December 2015 Federal Reserve rate hike was followed by a massive rally in precious metals. However...
The gold price has corrected by roughly $25 over the past few days. This pullback has been driven by increased odds of a Fed rate hike during March. Federal Reserve officials have been making hawkish comments lately, which has been...
Inflation is coming. In fact, inflation rose at the fastest pace in four years during January. Consumer prices surged 0.6% in January from December, double the consensus forecast of a 0.3% rise. This marks the sharpest monthly increase...
The quote is a paradox within itself, but sums up the outlook of anyone that has gleaned a grain of wisdom in their life. Yet, here I am offering predictions for the future, a thing one could know with even less certainty than present...
The gold price is showing strength heading into the close of 2016. The gold price has advanced for five straight days and is back above $1,150. The price put in a double bottom around $1,125 during December and the recent really suggests...
Short-term investor sentiment may have turned bearish towards gold over the past week, but 2016 is still shaping up to be a very strong year for overall demand. Part of the reason is that central banks are still buying aggressively.
During the third quarter of 2016, global gold production dropped by 0.5%. Miners brought 846.8t onto the market versus 851.2t during Q3 of 2015. While this isn’t a huge decline, it marks the second consecutive quarter that gold production...
Gold investors know that the metal has been under pressure due to expectations of a Fed rate hike in 2016. Many believe that an increase in the Fed Funds Rate would strengthen the dollar and send prices for precious metals lower. This has...
President Obama just had his first veto override of his entire presidency today, as the Senate and House both voted to override his veto of the 9/11 victims bill, Justice Against Sponsors of Terrorism Act (JASTA). As of this moment, the...