Chris Marcus
Chris Marcus Articles
We just got a big piece of gold news ahead of next month's BRICS summit in Kazan, Russia.
The price of gold is still over $2,500 even despite today's declines, yet one of the key features we've seen is the increase of the short position by the banks.
In 2024 alone, we've seen the Philadelphia Federal Reserve publish a study on the effectiveness of a gold standard, confirmations that the BRICS are moving forward plans for a 40% gold-backed settlement currency, and a senator propose...
Various Russian officials have made comments alluding to a greater gold involvement in the monetary system ever since (and in some ways even before) they were kicked out of the SWIFT system in 2022.
Despite several abrupt recent selloffs, the gold price is back above $2,500 as its stunning year continues.
Despite this year's rally in gold and silver, so far the western investor has mostly remained on the sideline.
In a year that began with expectations of rate cuts that haven't yet come, it's increasingly appearing that the wait may be coming to an end.
Not only are we seeing a shift in the way gold is being used as a store of value, but we continue to see a change on how the gold is being stored.
Even with gold setting new record highs earlier this year, and silver finally breaking the $30 level, we still have yet to see US retail participate in the rally in any significant way.
Welcome back to Wall Street Silver. Joining us today is Chris Vermillion, Chief Market strategist at TechnicalTraders.com.
