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Gold Market News
New York (May 14) U.S. retail sales were unchanged last month, following March’s revised increase of 10.7% according to the latest data... Read More
Frankfurt (May 14) Gold moves into the last trading day of the week 0.12% higher overnight at $1829/oz, this comes after some solid gains... Read More
New York (May 14) U.S. stock index futures firmed on Friday at the end of a volatile week marred by worries about rising inflation and a... Read More
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The US dollar is set to decline toward all-time lows against major foreign currencies by the middle of the decade. The result of trillions of freshly-created dollars by the Federal Reserve for Coronavirus stimulus programs and bailouts is going to...
Just as demand for the GDXJ was based on an anti-establishment thrill for a long time, investing in crypto altcoins is now even more riotous to many. The rally might have just burnt itself out. And I don’t mean just the precious metals market, but...
Latest Gold Articles
Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.
Coming up we’ll hear part 2 of a recent interview Money Metals President Stefan Gleason gave with Palisades Gold Radio. Stefan discusses dealer and investor harassment laws maintained by certain states, talks additional sound money initiatives at the state and federal...
The gold miners’ stocks have powered higher in recent months, solidifying a strong young upleg. But the extended-correction low leading into this latest rally has left sector psychology fairly bearish. Traders are skeptical about gold stocks’ upside potential, wary of...
Sometimes there are very clear advantages to being in an all-cash position and avoiding the risks in the US/Global markets. For example, you should consider cash as a position when...
Junior miners may soon suffer a breakdown of the short-term support line. So, what’s responsible for their underperformance of gold and stocks?
The optimism about the pace of economic recovery from the 2020 recession is growing. The analysts race in upward revisions of GDP growth in the coming quarters. For example, the IMF – in the April 2021 edition of the World Economic Outlook – expects at the moment that...
Yesterday’s headline inflation number of 4.2% per year shocked most observers. It didn’t shock me, and it wouldn’t have shocked Milton Friedman either. We know that money dominates, but our monetarist perspective is not held by most.
Janet Yellen said the following last week… “It may be that interest rates will have to rise somewhat to make sure that our economy doesn’t overheat” Later that same day, she said this…
Unbelievable! The “non-existent” inflation keeps getting stronger. The CPI increased 0.8% in April, after rising 0.6% in March. The pundits cannot blame energy prices for this jump, as the energy index decreased slightly. This shows that the surge in inflation wasn’t...
As the Biden administration showers the nation in debt-funded handouts and federal bailouts, new concerns are emerging as to the likelihood of a “Great Reset” in the value of our currency. However, this potential dollar rout has been in the making for many years.
I’m not saying nothing else can do the job before inflation fully gets here, just that the kind of inflation I’ve been writing about certainly will do it if nothing else does. That’s what terrifies the market and for a very good reason that may not be the first one...
Bull markets climb walls of worries, defying today geopolitical tensions, rising interest rates, record levels of debt and a worsening third coronavirus wave. Stimulus checks sent to consumers have fueled US markets to climb to record levels underpinned by the Federal...
“O Zeus, why is it you have given men clear ways of testing whether gold is counterfeit but, when it comes to fiat money, it carries no stamp of nature for distinguishing bad from good.” ― Euripides & EvG
Gold scored some victories over the past days, but it’s playing a risky game. One misstep and the yellow metal might lose the war.
Though we've seen this trick countless times over the years, it never gets less frustrating. However, with a summer rally pending, this latest Bank effort might be instructive.
Fiat and government are perhaps best described as failed financial relics of a monetary stone age. Gold is of course the world’s ultimate money. The more ounces a person has, the more money they have. It’s really that simple and… it’s really that awesome!
Gold jumped above $1,800, and it’s the disappointing jobs data that added fuel to the fire. The gold market is a funny place. On Thursday (May 6), I complained that the yellow metal couldn’t surpass $1,800:
The GDX and HUI Index are enjoying a blissful moment. With HUI behaving civilly, will the GDX cling to the unrealistic and try to leap to cloud “ten”?
The Central Banks of the World – Russia and China both perhaps excepted – are all members of an International Club of Central Banks. This Club is run according to the rules dictated by the BIS, the Bank for International Settlements, located in Basel, Switzerland.
The best performing precious metal for the week was silver, up 5.91%. Silver continues to do well due to the improving U.S. economy, which is strengthening the dollar. Reports showing a slowdown in manufacturing activity, along with disappointing jobs numbers, are also...
Gold has formed and nearly completed a Massive Cup and Handle Bullish pattern that started at its September 2011 peak and has continued through now, May 10th, 2021. This ten-year pattern is nearly complete.
The Incas thought gold represented the glory of their sun god and referred to the precious metal as “Tears of the Sun.”
