Vince Lanci
Vince Lanci Articles
There's been less attention around the BRICS and their de-dollarization plans this year as Trump and the tariff policies have taken center stage.
The latest CPI report is out, and there's also news out of the mining sector after a significant decision by senior gold producer Newmont.
As fast and furious as it has been, the gold rally has not stopped yet. In fact, it even just took out the 1980 US inflation-adjusted high.
For almost two years now, the gold price seems to just keep going up. And now that it's crossed over the $3,600 level, we're starting to see some familiar times of another area in past history.
It seems like we are starting to see a trend here. As El Salvador just became the latest country to add gold to its reserves, doing so for the first time in 35 years.
We used to hear about the bond vigilantes, and for the past few decades, we've wondered when they would return.
Yesterday, the gold futures rallied over $3,600 per ounce for the first time in history. Although what was even more shocking about the move was that it happened while the dollar was rallying too.
Gold and silver rallied on Friday, and then they rallied again in the Far East on Sunday night, and into Monday, and now Tuesday.
The central banks have been setting records for the amount of gold purchased over the past three years. Although while this year's pace is still above normal levels, it has slowed a little bit.
Anytime a market starts moving, things change. And that appears to be the case in the gold mining industry, where in the midst of the rally, Newmont is announcing some significant changes which have the potential to affect the industry.
