Chris Marcus
Chris Marcus Articles
After 45 years, the silver price has finally hit a new all-time record high. Let's just say the manner in which it occurred did not lack for excitement.
A few weeks ago the Federal Reserve suggested that they expect inflation to go higher, but they're going to lower interest rates anyway. In response, the gold and silver prices have been soaring ever since.
For years, gold and silver investors have always daydreamed about what could happen if a gold and silver rally started, and then the mainstream started piling in.
The Federal Reserve cut interest rates by 25 basis points as expected. Although after an initial spike, the gold and silver prices came crashing lower.
The gold and silver rally continues on ahead of tomorrow’s interest rate cut from the Fed, and one of the factors driving the rally has been the obliteration of the dollar index.
After the silver futures broke through the $42 level on Tuesday, while the gold futures set another new all-time record high, there's been a pullback on Thursday.
Jerome Powell gave his yearly Jackson Hole speech on Friday, and gold and silver prices shot higher as he was talking.
After a wild first half of the year in the precious metals markets, the gold price has been hovering around the $3,400 level, while silver has floated around $38 for a couple of months now.
While the gold and silver prices have generally hovered around $3,400 and $38 levels over the past few months, even with what's already happened this year, we're already in rare territory.
We're finally seeing a somewhat calmer day in the gold and silver markets. Although there's plenty happening beneath the surface, including the size of the bank short positions, that we will be seeing the effects of later this year.
