While geopolitical uncertainty is important for gold, there are other factors we need to pay attention to: growing fears of a credit event leading to a recession. The chaos in the Middle East caused by the Israel-Hamas war is providing solid momentum for gold but there is more going on in the market than just […]
The Gold Market to Jay Powell: ‘Bring It On’ Read More »
Gold prices continued to shrug off rising rate hike expectations and skyrocketing Treasury yields as they remain near $2000 per ounce, and while silver’s low prices supported coin sales, the precious metal remains oversold, according to analysts at Heraeus. US Mint silver American Eagles “Cumulative sales year-to-date (including the first two weeks of October) were
He said we can expect even bigger moves up when the markets figure out the inflation problem isn’t solved. On Friday, Oct. 13, gold charted a huge rally, up nearly $64 on the day. That represented a $110 swing upward from the low a week earlier. Peter said he thinks if gold can break through
Gold Rallies on Worse-Than-Expected Inflation News: Peter Schiff Read More »
In the past three months, gold purchases totaled 219 tonnes and the WGC sees a string of fourth quarters for more buying. The World Gold Council (WGC) reports that in August, central banks bought 77 tonnes, 38% more than in July. China, Poland, and Turkey headed the list of buyers. Reports say that the
Central Banks Buy More Gold, China Leading the Way Read More »
Your investments, which you think you may own, can be absorbed into the failing financial system without your knowledge. We are in a doom-loop -collapsing collateral values – over $400T nominal in interest rate swaps – this crisis is forcing bond liquidations. In a test case in the New York courts concerning Lehman’s failure, JPMC
Unwinding the Financial System Read More »
“In my book is incoming stagflation and that’s been holding gold up at these levels,” he said. “We have said before, but now is the time to be patiently bullish on gold.” The gold market has room to fall further and even test support at $1,800 an ounce after falling below $1,900 for the first time since
Gold’s Selloff Doesn’t Change the Long-Term Bullish Outlook – Saxo Bank Read More »
Strand noted that since President Richard Nixon closed the gold window, effectively taking the U.S. dollar off the gold standard, the U.S. dollar’s value against gold has declined 97%. The combination of unabated money printing from the central banks resulting in enormous balance sheets and higher money velocity gave us the latest price inflation,” Strand said in his latest
Prices will make a move and hit $5,000 an ounce within three years, according to Michael Lee, Founder of Michael Lee Strategy. … The macro data the market is basing its estimates on looks manipulated or flawed by design, according to Lee. “For a lot of the United States, they’re already in recession,” “Every single
Fitch Ratings surprised markets after it downgraded U.S. long-term debt. Although markets largely shrugged off the downgrade, it has brought attention to the U.S. government’s growing deficit. In a recent report, commodity analysts at Montreal-based BCA Research said that gold remains an attractive hedge against an inevitable devaluation in the U.S. dollar as the U.S.
US Debt Crisis Could Ignite long-term Gold Rally – BCA Research Read More »
