The fate of the U.S. Dollar will weigh heavily on the future of the precious metals in 2021. At first glance, the USDX’s prospects look rather bleak in the first months of the year, but as the pages of the book turn, the dollar’s likely later ascension could prove rather bearish for gold and the PMs.Lire la suite
The German inflation of 1914–1923 had an inconspicuous beginning, a creeping rate of one to two percent. On the first day of the war, the German Reichsbank, like the other central banks of the belligerent powers, suspended redeemability of its notes in order to prevent a run on its gold reserves.Lire la suite
President-elect Joe Biden is expected to increase further government spending. For this and also other reasons, there is a risk that inflation under Biden’s presidency could be higher than under Trump’s. That would be great news for gold.Lire la suite
My research team and I have highlighted a number of recent articles about Gold and Silver and how we believed the longer-term price activity and technical analysis supported a broad market advance in Precious Metals over the next 5+ years. If not, check out Part I and Part II of our recent Gold and Silver research and price predictions.
Today, we are seeing further evidence that metals are on the move – in Platinum. Platinum has been trading below $1000 for quite a while and this is roughly HALF the price level of Gold. Typically, Platinum rallies before Gold rallies in a traditional trending phase.Lire la suite
There are now two entirely different notions of a coming “reset”. One has been popular among those who speculate on the gold price. They expect a revaluation of the dollar. However, the government does not set the value of the dollar. So there is no way to reset the value. Indeed, the government has been trying to push down the value of the dollar for over a decade, and mostly failing (because increasing quantity is not the same thing as decreasing value).Lire la suite
Bailouts and stimulus are not the best solution to the Covid pandemic.
What is? Possibly…insurance.
I know it’s far from perfect, but I think it could still be the best overall option.
On some level, it’s surprising that the role of insurance has gotten so little attention in this crisis.
After all, us and future generations will have to pay for all these massive bailouts.Lire la suite
That’s callin’ it right, baby! Cue the timeless Harry Caray: « Gold Wins! Gold Wins! Gold Wins! »
« But mmb, you also said the ‘incumbent’ would win… »
Indeed, Squire, ’tis for all the world to see that our call for the StateSide President’s being re-elected was wrong, albeit the criteria we expected for that to happen actually came to pass, (i.e. materially more votes than in 2016, and record-settingly so across a variety demographic measures).Lire la suite
By now it is probably obvious, even to the most naive of mainstream narrative followers, that we are well past the point of no return on many fronts. Politics, on a national and global level, are never getting back to “normal”, the economy is already knee-deep in a severe recession, while social frictions and public discontent with governments, institutions and all kinds of rulers and central planners is on a sharp and dangerous trajectory.Lire la suite
One of the primary concerns many gold and silver investors hold is whether the government will attempt to confiscate precious metals like back in 1933.Lire la suite
The global coronavirus pandemic has accelerated several troubling trends already in force. Among them are exponential debt growth, rising dependency on government, and scaled-up central bank interventions into markets and the economy.Lire la suite
Strengths The best performing metal this week was palladium, up 6.48 percent, notching its best weekly advance since June. WhileLire la suite
A new day, a new record in palladium! Is there any stopping it from reaching another high? What’s next inLire la suite
Certain precious metals, Gold, Silver, and Platinum, have shown moderate upside price trending over the past 20+ months while RhodiumLire la suite
The U.S. Treasury Department announced Monday that China is no longer on a list of countries deemed to be “currencyLire la suite
Gresham’s Law in action: The diminishing availability of physical gold from the market (per several different accounts in London) correspondsLire la suite
Market forecaster Martin Zweig famously warned investors against underestimating the power of the Federal Reserve Bank to control markets. HeLire la suite
How good was 2019 for the precious metals market? It definitely brought quite some excitement to the arena. In today’sLire la suite
Gold confirmed a new bull market in 2019, but most investors remain in a deep slumber. Record low gold eagleLire la suite
Gold continues to move higher due to trouble in the Fed Repo and U.S. Treasury Market. In the first hourLire la suite
The King is dead, long live the King – 2019 is over, long live the 2020! As tumultuous as theyLire la suite
The Federal Reserve left its benchmark interest rate unchanged as expected last week. However, Fed Chairman Jerome Powell made newsLire la suite