Mike Gleason
Director @Money Metals Exchange
Mike Gleason is a Director with Money Metals Exchange, a national precious metals dealer with over 50,000 customers. Gleason is a hard money advocate and a strong proponent of personal liberty, limited government and the Austrian School of Economics. A graduate of the University of Florida, Gleason has extensive experience in management, sales and logistics as well as precious metals investing. He also puts his longtime broadcasting background to good use, hosting a weekly precious metals podcast since 2011, a program listened to by tens of thousands each week.
Mike Gleason Articles
Rising geopolitical tensions helped push gold prices up this week. The monetary metal ran to $1,800 an ounce on Thursday. As of this Friday recording, gold is pulling back some and comes in at $1,781 now – up 0.4% for the week.
As the economy heads into what looks an awful lot like a recession, gold and silver markets are making a comeback. Gold is rallying 2.1% this week to bring spot prices to $1,772 an ounce.
After several brutal weeks of selling in precious metals markets, bulls are seeking a catalyst for a potential turning point. They may have gotten one via currency markets.
Another pair of alarming inflation reports jolted markets this week. On Wednesday, the Consumer Price Index came in at a 9.1% annual rate. The higher-than-expected reading puts the CPI at a new 41-year high.
Fears of further Fed tightening continue to weigh on metals markets. On Wednesday, the Federal Reserve released the minutes from its most recent policy meeting. As CNBC reported, central bankers remain fixated on inflation.
Well, what a week for the gold market! The monetary metal gained $30 on Thursday to close at $1,900 for the first time since last spring, and silver battled back to $24 per ounce.
For precious metals investors, 2021 will rank as a disappointing year – at least in terms of price performance. Gold and silver lagged behind the stock market as well as broad commodity indexes.
Even as Omicron casts a smidge of doom over markets and upcoming Christmas celebrations, precious metals investors are feeling at least some holiday cheer this week.
Precious metals markets pulled back a bit this week as the U.S. dollar strengthened versus foreign currencies. In other markets, the rising dollar index put downward pressure on crude oil and gasoline futuresthis week. Consumers who have...
As Congress finally came to an agreement yesterday to temporarily lift the debt ceiling, investors breathed a sigh of relief. The stock market bounced and commodity indexes ran up to new multi-year highs.
