US fiscal realities are well known. Total federal debt outstanding has now reached $34 trillion, up from $98 billion in 1981, $5.67 trillion in 2000, $13.56 trillion in 2010, and $26.95 trillion in 2020. And at 120 percent of the US economy’s productive capacity (...
Gold Editorials & Commentary
February 19, 2024
Chris Vermeulen, Chief Market Strategist at The Technical Traders, joins the show to discuss the current economic landscape as we navigate through 2024. Chris shares insights on persistent inflation, the impact of geopolitical tensions, and the likelihood of a...
“It’s not enough to be against globalism or the WEF, we have to also be for something better.” — Tom Luongo, Gold, Goats ‘n Guns
We don’t need to make analyzing Gold so complicated. At present, it all revolves around the trajectory of the stock market. The Bond market has fallen into a secular bear. Whenever the stock market does, Gold & precious metals will explode higher.
February 18, 2024
With the overall action seen in past weeks, Gold is still in a correction phase - though is into bottoming territory. As for the U.S. stock market, the SPX has been inside a bigger 'vacuum' window - sucking prices higher - but appears on the verge of a sharp decline...
We yet again reprise that from this year’s first edition of The Gold Update: “…But in seeing the Dollar take flight to start this year — indeed recovering a 10-day losing streak in just the first two days of 2024 — along with the Bond’s fresh demise as yields rise,...
The Dow Jones continues looking good in its BEV chart below. Since November 17th, the Dow Jones has either closed in scoring position (BEV Values from -0.01% to -4.99%), or at a BEV Zero (0.00% = new all-time high). So far in this advance (Red Circle), the Dow...
February 17, 2024
Current data suggests overall lower gold prices. Our proprietary cycle indicator is DOWN. Current data supports an overall higher dollar.
Defining inflation as "rising prices" creates all kinds of confusion. As I explained in-depth, historically, inflation meant an increase in the amount of money and credit in the economy, or more succinctly, an expansion in the money supply. Rising consumer prices -...
February 16, 2024
Gold just suffered a sizable down day after the latest CPI inflation printed hotter than expected. With gold falling back under the psychologically-heavy $2,000 level, bearishness flared. But with gold’s technicals remaining strong and bullish, that was misplaced...
Here are today's videos and charts.
The evidence of the shift away from the USD and UST in the wake of the 2022 Putin sanctions is literally everywhere, from Main Street and the bond market to global currency, energy and gold markets.
Gold & Silver have bounced from support at $2000 and $22.00 and the gold stocks have rebounded from a very oversold condition on Wednesday.
February 15, 2024
Price inflation was supposed to be dead and buried months ago. But it’s doing just fine, thank you very much. The January Consumer Price Index report makes that pretty clear. Sure, the Federal Reserve managed to knock inflation down. But it was never out. As a CNBC...
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.
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...
