The Bureau of Labor Statistics (BLS) announced that inflation as measured by the Consumer Price Index (CPI) was 3.1 percent year-over-year in January. Core inflation, which excludes volatile food and energy prices, was slightly higher at 3.9 percent.
Gold Editorials & Commentary
February 15, 2024
It is a common belief that a key factor in determining the currency exchange rate is the balance of payments. An increase in imports increases the demand for foreign currency. To obtain the foreign currency, importers buy it using domestic currency, which...
The Federal Reserve is between a rock and a hard place. It needs to cut interest rates because this debt-riddled economy simply can’t function in a high-rate environment. But the Fed can’t plausibly cut rates with price inflation still far above its target.
Jeffrey Tucker returns to the show, and we delve into the complexities of the precious metals market amid global turmoil. With inflation rates soaring unexpectedly, he criticizes the misleading signals from official sources and the media's initial underreporting of...
Gold stocks are approaching extremely oversold levels and their valuations are near all-time lows. Sentiment is in the toilet.
While some segments of the financial markets look at gold and silver as pet rocks or doorstoppers, it's interesting that as nations around the globe continue to run into currency troubles, they keep turning to gold and silver.
February 14, 2024
A little discussion about this thing we call “inflation” after the January CPI report.
A squad of FBI and Drug Enforcement Administration agents in March 2021 raided the Beverly Hills location of a company, U.S. Private Vaults, suspected of criminal activity.
February 13, 2024
Today’s US CPI report will be released with Chinese markets closed for a “Golden Week” holiday. The lack of liquidity means wild price action is likely when the report is released, but the big picture is unchanged and is of course best defined as...
Congratulations to everyone who waited out the corrective rally. The profits in this short position are bigger than ever!
Could arguably the world’s worst currency become its best? If Zimbabwe follows through and embraces a plan to back the Zimbabwe dollar with gold, it just might.
After writing public articles for the last 13 years, this is the first year in which I strongly believe that a major long-term market top can be struck. And, as I get more and more concerned, it seems more and more investors and analysts are getting entrenched in...
When the global market counterparty, USD (DXY) and the Gold/Silver ratio (monetary, counter-cyclical vs. a less monetary, more cyclical/industrial precious metal) rise moderately the indication can be Goldilocks/disinflation, like the backdrop we’ve generally had...
Due to our fascination with computers, social networks, and intellectual capital, we seem to have lost our connection with real, tangible goods, that starts with materials dug up or farmed. With skilled labor, these materials are transformed into goods, or foods,...
The best performing precious metal for the week was gold, but still down 0.69%. Gold has found friends with central banks around the world. China added nearly 300 tons of the yellow metal in its fifteenth consecutive monthly purchase.
Treasuries, exchequers, ministries of finance, central banks, currency boards, and other economic authorities worldwide are in a mad rush to develop central bank digital currencies (CBDCs). According to the Atlantic Council, 130 countries (which account for 98...
Silvergate Bank, Silicon Valley Bank, Signature Bank, and First Republic Bank fell like dominos in March–April 2023. The United States Treasury, Federal Reserve, and Federal Deposit Insurance Corporation (FDIC) intervened in an unprecedented way to stall the domino...
Alex Black, the founder and Chairman of Rio2 discusses the company’s 2024 objectives, the future financing to build the mine and its long-term expansion potential.
February 12, 2024
Russia has reportedly used gold to evade currency restrictions put in place as part of economic sanctions levied in the wake of the invasion of Ukraine.
Gold moves to new monthly lows, and miners move to new yearly lows. Is this the Chinese New Year effect?
In real (inflation-adjusted) dollars, both gold and silver prices peaked in 1980. We’ll look at charts for the two metals and discuss their applicability to current price expectations. Silver first…
Gold demand reached an all-time high in 2023, according to the most recent data from the World Gold Council.
However high stocks climb, there will always be an earnest, bespectacled egghead on Wall Street ready to tell us why shares are likely to keep on rising. Here’s Yung-Yu Ma, chief Investment officer for a firm called BMO Wealth Management and a finance professor at...
When it comes to US national debt (now over 120% of its GDP), we and many others, have been openly warning for years that it’s not only a national embarrassment (and managerial sin), but that such abstract trillions of debt are also mathematical deterrents to...
The wordsmiths at the Federal Reserve wisely omitted the line about a “sound and resilient” banking system in its statement on January 31. That same day shares of New York Community Bank plunged when the bank announced a loss of thirty-six cents per share when...
Gold is consolidating bullishly but sector weakness casts doubt it can break $2100. The key support levels remain $2000 in Gold and $22 in Silver.
February 11, 2024
As occasionally is our wont, we start with stocks. And specific to the somewhat sensationalized title of it all going wrong, “This” is applicable not just to now, but realistically since mid-year 2020 upon the S&P 500’s complete recovery from its COVID collapse...
February 10, 2024
Our proprietary cycle indicator is DOWN. GLD is on short term buy signal. GDX is on short term sell signal. XGD.to is on short term sell signal. GDXJ is on short term sell signal.
Coming up in a few minutes is a special interview with Money Metals CEO Stefan Gleason… covering all the latest developments on the sound money battlefront. With state legislatures now in session, there’s a ton of activity with respect to precious metals sales taxes...
February 9, 2024
The gold stocks’ latest earnings season is nearing, and it should prove awesome. Plenty of the major gold miners were forecasting lower costs heading into year-end, which boost profits. Amplifying them much more, last quarter gold achieved its first record closes...
