Gold’s breakout from a 13-year cup & handle pattern and clearing $2100 renders it extremely difficult to argue it is not in a new secular bull market. However, confirmation will require some time and a strong move higher against conventional asset classes and...
Gold Editorials & Commentary
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March 6, 2024
Back in December the gold price spiked over $2100 for a few hours on a Sunday night before markets opened in the US, but was sold off considerably by the time the COMEX closed on Monday. But after yesterday's rally, we're now over $2100 on the COMEX, and as of...
The gold price has continued its rally again today, trading as high as $2,150 during the morning session. And as Andy Schectman of Miles Franklin notes in today's call, this is happening at the same time that interest rates are still elevated.
March 5, 2024
The United States enjoys the privilege of issuing the world's reserve currency. But it increasingly uses that privilege as a hammer to shape foreign policy. Could Americans end up feeling the blows from that hammer?
The mainstream financial media is reporting that inflation is coming down. It’s not coming down to the Federal Reserve’s supposed 2% target – let alone low enough to cease being a persistent problem for millions of families. Nor is it even clear that the rate of...
A week ago, I urged all gold bugs of the world to prepare for the US PCE inflation report to act as a “Golden Trigger” for gold, silver, and the miners… and that’s exactly what has transpired!
The best performing precious metal for the week was gold, up 2.11%. The precious metal closed the week strongly on weaker-than-expected factor data on Friday combined with consumer confidence waning, which may prompt the Federal Reserve to act sooner rather than...
Below is an exercise that considers real economic/macro/market indicators and one writer’s view of what is in play this election year. I avoid becoming enmeshed in politics like I avoid the plague.
The main central banks have been deliberating on the concept of introducing a digital currency. However, many citizens fail to grasp the rationale behind it when the majority of transactions in major global currencies are carried out electronically. Nevertheless, a...
We welcome back Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, for a deep dive into the current market dynamics, focusing on the contrast between gold and silver, and the emerging dominance of Bitcoin as the new digital gold.
After a big rally on Friday, the gold price is again within shouting distance of the $2,000 mark. So in today's show Vince talks about the move, the levels to watch out for, and how he expects silver to trade in response.
March 4, 2024
Gold future prices closed at a record high level on Friday with renewed hope that the Federal Reserve will begin easing off interest rates sooner rather than later.
Why would a positive move in gold stocks be so satisfying if it plays out? Because any numb nuts can momo the stock market and act like a genius as long as the MOMO is on. It’s way harder to be a bottom feeder. But when a contrarian bottom feed actually works out...
The endgame inched closer to singularity last week with rigged rallies in stocks that had rightfully been given up for dead. There was the more than doubling in the price of Beyond Meat, for example. Until last week, shares of the veggie-burger upstart seemed...
Precious Metals surged today led by Gold’s 2% gain to $2096. It needs to clear $2100 convincingly to confirm an epic breakout. Gold’s 4-year handle has two cup and handles within it, that project to $2350 and $2500.
Gary Wagner, the editor of TheGoldForecast.com, joins the show, and we delve into the current state of the gold and silver markets. Gary shares his insights on the decoupling of gold and silver prices, the impact of industrial demand on silver, and the intriguing...
Congressman Alex Mooney has asked the Federal Reserve if foreign countries have been repatriating their gold back home, although so far Jerome Powell doesn't seem to be in a rush to talk about it.
March 3, 2024
A bold title to head this recital, Gold on Friday posting its best low-to-high intraday gain (+2.4% or +50 points) since 13 December toward settling the week at 2092, essentially tying its highest-ever weekly closing price (with that recorded this past 01 December...
This week saw no new BEV Zeros in the Dow Jones BEV chart below. So, the total quantity of new all-time highs for this advance (Red Circle) remains at 21. But for the Dow Jones to be taking a pause from making new all-time highs, is also something that happens...
Coming up we’ll hear the conclusion of our fascinating interview with monetary and constitutional expert Edwin Vieira. Edwin continues breaks down some of the fascinating history of money and central banks in the United States. So, stick around for the second half...
March 2, 2024
Our proprietary cycle indicator is now UP. Current data suggests overall higher gold prices. Trend is UP for gold.
While your paycheck might be a little fatter, you’re actually earning less because price inflation continues to gobble up your paycheck.
March 1, 2024
It’s been a rough start to the year for precious metals and miners, but that may be changing. A decisive breakout in gold above $2100 would support the beginning of a powerful advance.
The gold miners’ stocks continue languishing seriously out of favor, grinding along near deep lows. This is a major anomaly given this sector’s bullish backdrop. Consolidating just under record territory, gold’s high prevailing prices are fueling fat profits for...
Here are today's videos and charts.
In this morning's update, Vince talks about the data that shows how the gold futures market is dying as the spot market continues to exert more influence.
February 29, 2024
Concerned about a weaponized financial system, many countries have signaled plans to remove their gold and other assets from the U.S. in the wake of the unprecedented Western sanctions imposed on Russia over its invasion of Ukraine.
Owning silver and gold is a good way to hedge against counterparty risk. What exactly is counterparty risk? In simple terms, it is the possibility that the party on the other side of a transaction might not fulfill its obligation.
Writing in The American Conservative, Rep. Josh Brecheen (R-OK) recently blamed inflation on irresponsible fiscal policy. He cites a barrage of statistics on the magnitude of the national debt, the looming insolvency of Social Security and Medicare, and the burdens...
Gold and silver are often disparaged as "useless" or "barbarous relics" by investors and economists. But as Mike Maharrey explains in this episode of the Money Metals' Midweek Memo, gold and silver are real money.