Next week on KFYI in Phoenix, I am beginning a series of radio commercials to alert listeners to some of the major economic events taking place around the world. These events will have a powerful impact on gold and silver. You can listen to a preview of that here: These special messages are addressed to […]
One thing about gold, a defining characteristic that cannot be emphasized enough, is that it does not rely on some one else’s performance or promise. Gold can be physically held in your hands, under your own control. There can be zero separation between yourself and your wealth– no banks to rely on, no brazen boardroom […]
Gold Continues to Rise Reporting on a $23 jump in the price of gold the other day, The Wall Street Journal headline read, “Gold Surges on Elevated Geopolitical Uncertainty.” We stopped right there. When a market makes a big move – any market, stocks, oil, bonds, gold – financial writers have to explain it. […]
Just over two weeks ago gold broke through the $1,300 per ounce level. At the time we described for you the technical picture for gold, writing, “Gold’s bullish outlook is also confirmed by a look at the charts. This week gold’s closely watched 50-day moving average broke above its 200-day moving average. This ‘crossover’ is […]
Gold Breaks $1,300 Gold broke through $1,300 an ounce on Friday, roaring up $22.70 on the day, and closing in New York at a seven-month high of $1302.50. That’s the second time in this new year that gold has punched through $1,300. At the beginning of the month it tested that level but didn’t hold. […]
it’s China’s Turn… Just last week we reported to you on Russia’s aggressive gold acquisition. We wrote, “Russia, seeking to protect itself from a dollar crisis, continues to reduce its holdings of US Treasury bonds while beefing up its gold stock at an accelerated pace. The Bank of Russia, the central bank, bought 8.8 million […]
Sam Zell, realestate billionaire, is buying gold for the first time in his life. It’s enough to make us sit up and take notice. Sam Zell is a real estate billionaire many times over. His Wikipedia entry repeatedly uses the word “largest” to describe Zell’s accomplishments. His company, Equity Group Investments, Wikipedia tells us, […]
Russia Agressively Adding to Their Physical Gold Position Russia, seeking to protect itself from a dollar crisis, continues to reduce its holdings of US Treasury bonds while beefing up its gold stock at an accelerated pace. The Bank of Russia, the central bank, bought 8.8 million troy ounces of gold in 2018, increasing its total gold holdings by […]
Currencies are Being Inflated to Eventual Worthlessness In our last post, we wrote that “A hundred years ago a dollar bought roughly 0.05 ounces of gold. Today the dollar buys only 0.00077 ounces of gold.” “Something changed, but it wasn’t the gold.” Of course, the same kind of value destruction that has taken place with […]
Gold and Silver Ratio: It’s Not Too Late Both gold and silver have shown impressive strength lately. Regular readers of these comments will note that we repeatedly urged clients to take advantage of the Gold/Silver Ratio late in 2018. (See our December 14 post, Time for Silver to Play Catch Up! and September 30 The Gold-Silver Ratio is Making a […]
A Few Words about the Last 6 Months of Gold and Silver Charts… Gold, as I mentioned last week, remains above its 50-day moving average (MA), and moved decisively above its 200-day MA about the same time the Dow Industrials broke down below its 200-day MA. (The moving average is the average closing price over […]
Gold in Indian Tradition With the turn of the calendar page to December, the holiday season is underway. Here and throughout the Western world it means a jump in consumer spending for Christmas presents. But the approach of the New Year means something else in other parts of the world. It often means a big, cyclical jump […]
Their Own Man Says So! I have been warning about the overvalued stock market for some time. Because we are clearly moving into a very troubling economic period, I have suggested you take profits you have in stocks and move them to the safety of gold. The problems that I have described are so apparent […]
What War Means to Gold and Silver Through centuries of invasions and wars, conquests and collapses, occupations and upheavals, there is one constant: In such a crisis, the go-to money is some form of gold or silver: coins and bars, jewelry, art, watches, and even silverware and tea sets. While wars are one of the […]
October 24, 2018: Investors hit by another DOW tumble as another 608 points are lost. – The stock market has given up all of its 2018 gains. – The Dow Industrials have already lost 7.1 percent of their value just this month. – The NASDAQ is currently having its worst month since November of 2008. […]
CRISIS INVESTING Gold is the currency of choice in times of crisis. Whether it is called a “flight to quality” or a “flight to safety,” gold is the world’s money of choice in times of trouble. That’s because of its superior qualities as money, qualities that have outlasted every conceivable type of government and countless […]
The gold price spiked after a close, but brief, encounter with reality on Tuesday. From a low of $1192, gold surged to a high of $1212, before coming to a close at $1207. The price of silver popped, too, knocking on the door of $15 an ounce before closing at $14.69. As always, the question […]
The Gold-Silver Ratio is Over 80:1- Time to Act on Silver Suppose you had 10 ounces of gold and you agreed to trade it for 800 ounces of silver. Then, sometime down the road as prices change, suppose you could trade that 800 0unces of silver back into gold, but that you got 16 […]
We are now only weeks away from the end of the US governments 2018 Fiscal Year. And it will be one for the record books. But not in a good way. In fact, the year-end numbers are very bad, the worst since the last financial crisis. Originally, the FY 2018 deficit was projected to total “only” $526 […]
Currency Deaths Remind Us Why We Own Gold and Silver Wednesday, 9/12/2018 There is only one answer to the question “how many paper currencies have failed?” All of them. Or stated differently, thousands of them have already failed, while those that haven’t quite given up the ghost yet, the newer ones including the paper Federal Reserve […]
Tuesday September 11, 2018 “Warning Signs Flashing Red!” Gold started off the week little changed, continuing to consolidate around $1200. This leaves us a moment to loop back around and underscore an important item we have already shared with you. But we think it is one that demands repeating. Goldman Sachs’ bear market indicator for […]
US Mint Is Running Out of Silver Eagles Right now everyone is looking for 2018 silver eagles, and few can find them. In fact, the US Mint is running out of silver eagles for this year. They have temporarily sold out of them, but expect more before the end of the year. Last year the […]
Dollar Weakness Supported Gold Precious metals headed higher this week with gold hovering around $1,200. Dollar weakness supported gold prices, but gold stayed fairly quiet. Silver hovered around $14.50. Trade talk once again was a mover for both gold and the dollar. President Trump announced the possibility of new tariffs for China in the ever-escalating […]
Gold Prices are Rising Elsewhere than in the U.S. – Why? This week gold dipped under $1,200. Silver took a hit this week too. It dropped under $15, keeping the gold-silver ratio high. It was able to clamber back some gains by Friday and close up $10, but many investors are favoring treasuries as a […]
Gold to Silver Ratio Is Near 80, Signaling Time to Buy Silver Right now the gold to silver ratio is near 80 (hovering in the high 70s). Essentially, about 80 ounces of silver are equal in value to 1 ounce of gold. This is an unusually high ratio, and historically, it signals a buying opportunity […]
Trump vs. the Fed It was President Trump vs the Fed and chairman Jerome Powell this week. The President caused a stir when he questioned the Federal Reserve’s monetary policy. It was something of an unprecedented move. Since the Federal Reserve is independent and separate from the federal government, it broke the standard norm of […]
Russia Is Ditching Treasuries for Gold, and It’s Not the Only One Are the Russians re-thinking safe haven? Russia is ditching treasuries for gold in recent months. In April, Russia slashed its holdings of U.S. debt in half. This was following fresh sanctions slapped on various Russian businesses and individuals. The senior adviser at Danske Bank […]
Gold Hammered by Strong Dollar Friday As Trade War Remains in Focus Precious metals struggled Friday. Though gold hit a two week high earlier in the week climbing to $1,313, Friday saw gold hammered by strong dollar index. Trade war and tariffs dominated headlines. President Trump levied 25% tariffs on 800 Chinese imported goods, and […]
Italian Bond Drama Continued This Week European geopolitics continued to cause volatility in the markets this week. Last week, Italy in particular triggered concern, and this week the Italian bond drama continued. This week, the Italian 10-year bond yield was at a 4 year high while the Italian 2-year yield had its biggest jump in […]
Gold Posted Best Day in over a Month on North Korea Tension Gold had its best day in over a month this week. On Thursday, gold prices pushed back up to over $1,300 after continuing to struggle from last week. Gold held on to the gain through Friday. Silver prices hovered around $16.55. A stronger […]
Gold Prices Struggled This Week and Saw a Sell Off It was a tough week for metals after a positive week last week. Gold prices struggled and dropped under $1,300 as a huge sell-off took further toll on prices. Silver was down this week too, but posted gains on Thursday. Gold was struggling against a […]
After Battling a Strengthening Dollar This Week, Gold Posted a Positive Week by Friday Metals were down in the early part of the week. However on Thursday it got a slight boost that it held onto through Friday. In the end gold posted a positive week despite the earlier losses. The dollar rallied this week […]
Gold Battled Headwinds Early in the week gold struggled against a rising dollar index. It managed to hold just above $1,300. Some muted geopolitical fears after North and South Korean peace talks continued to put the brakes on gold as well. There was also some sell-off, which pushed prices down further. On Wednesday though, gold prices […]
Gold Under Pressure from Rising Greenback This Week Precious metals were rallying early in the week, but faced some push back on Thursday. By Friday gold prices lifted again slightly and were sitting just over $1,320. Silver ended the week around $16.55. The resistance mid-week came from a rising dollar index. As it retreated again […]
The Price of Gold Relative to the Value of the Dollar – CHART This chart depicts the price of gold relative to the value of the dollar over the last 15 months. The price on the left is the movement in gold prices since January of last year until last month. The right side shows […]
Gold Hit Its Highest Close in 2 Years On Wednesday, gold hit its highest close in 2 years. Gold started the week at around $1,335, climbed to over $1,350 mid week, and settled around $1,345 by Friday. Silver finished the week just shy of $16.70. Silver looks poised for surge right now, in fact. Gold […]
This Week Gold Continued to Rally on Trade War Fear, Stocks Got Slammed The biggest news this week for the markets and gold was trade war fears. Gold continued to rally this week as China and the U.S. imposed and threatened new tariffs on each other. By Friday the Dow had fallen nearly 3%. The […]
Gold Is Looking More Bullish As Goldman Sachs Upgrades Gold Expectations to “Outperform” As the stock market teeters on correction mode, gold is looking more bullish. Goldman Sachs even upgraded gold outlook this week. The investment bank expects precious metals to “outperform” over the coming months. This is based partly on empirical data that shows […]
Trade War Fears Spark Market Sell Off It was another dramatic week for the markets as the Dow fell over 700 points on Thursday due to trade war fears. In fact it was the worst week for stocks in over two years. President Trump announced the likelihood of tariffs on at least $50 billion worth […]
Mixed Week for Gold and the Markets Gold had an up and down week. It was under $1,320 to start out Monday, but during the week it rallied past $1,325. However on Friday it pulled back again to around $1,315. Silver followed a similar rise and fall pattern. The stock market was similarly choppy. It […]
Mixed Week for Gold Starts with Rally It was a mixed week for gold this week. Monday started out with gold continuing its upward move from last week and crossing $1,330 midweek. On Friday though it fell to just over $1,320. Silver also had a midweek spike. By Friday though, metals pulled back initially as […]
Possible Trade War? It’s Time to be Looking Back at the Smoot Hawley Act of 1930 History has a cyclical way of repeating itself, and looking back at the Smoot Hawley Act could provide some crucial lessons right now. The big news of the week for the economy was President Trump’s announcement that the U.S. […]
Russia Passes China in Gold Holdings as Gold Buying Goes Up Around the Globe The Russian central bank passed China last year in increasing gold holdings as gold buying goes up around the globe. Russia has been buying gold every month for almost three years, while China’s accrual has tapered off slightly. This past month, […]
Gold Was Up and Down This Past Week After previously being quiet, gold was up and down this past week. However by Friday it was on pace for its biggest weekly gain in two years. It started the week just under $1,320 and rallied to $1,350 on Wednesday. Friday opened with gold still over the […]
Stock Market Has One of the Worst Weeks since 2008, But Gold Remains Quiet For Now Volatility was the word of the week. The Volatility Index went as high as 40 points Friday before closing around 30 (last week it was around 17). The volatility in the stock markets is becoming more pronounced, especially following last […]
After a Volatile Week for Stocks, Gold Set To Move Higher? It was a volatile week for stocks all week with Friday marking the worst day this year for the markets. Friday saw the Dow Jones plunge nearly 700 points and it marked the biggest loss in 2 years for the Nasdaq. It was overall […]
The Dollar Hit a 3-Year Low, Boosting Gold Over $1,360 The recently falling dollar hit a 3-year low this week, and helped gold rally to its highest level in 17 months. The last time we saw gold prices reaching $1,360 was in August of 2016, and it looks like they will keep rising. Silver also […]
Investors Fleeing Bitcoin to Gold in Increasing Numbers Gold continued to hold strong above $1330 this week. There was some pull back midweek on profit taking, but by Friday it got another bump on news of a possible government shut down. While gold rose though, crytpocurrencies had another sharp drop off. This week bitcoin came […]
A Bearish Bond Market, Inflation, and Gold The “bond king”, Bill Gross, was on record this week saying that the bond market is falling. For the past 25 years the bond market has been on a roaring bull run, so there are significant implications to this turn. A bearish bond market, inflation, and gold – […]
Bitcoin. Cryptocurrency. Mining. Blockchain. These are all hot buzzwords right now whether in the media, on the internet, or in casual conversation. With all the attention they are getting though, the world of cryptocurrency is still new and murky for most people. In this article, we want to clear some of the mystery around how […]
Despite Stock Rally, Gold Kicked off 2018 above $1300 and Held on to Gains In contrast to last year, gold kicked off 2018 above $1300 and held on above $1310 for the first week of 2018. It continued its rally through trading on Friday to end the week just over $1,320. Gold just had its […]
Gold Will Continue Its climb in 2018, According to WGC The World Gold Council (WGC) released a report on Friday that predicts gold will continue its climb in 2018. This year it is up 9% and in 2016 it was up 8.5% for the year. This followed after three years of decline for gold. It […]
Fed Chief: Runaway National Debt Problem Should Keep Us Awake at Night It’s no secret that there is a runaway national debt problem in the U.S. The total national debt right now is about $20 trillion and rapidly rising. Federal Reserve chair Janet Yellen was recently on record of saying that she is worried about […]
Tax Reform and D.C. Drama Made for a Wild Week for Gold and the Markets It was a wild week for gold and the markets. The Dow went from breaking above 24,000 to falling over 350 points Friday. Gold also fluctuated rising to just under $1,300 at the start of the week to dropping below […]
Gold Broke Out Over Its 50-Day Moving Average This Week Closing out the week just over $1,290, gold broke out over its 50-day moving average this week. With gold making its second weekly gain, it was building on last week’s safe haven rally. It opened the week at $1,277. Silver opened at about $16.95 and […]
Political Developments Sparked a Gold Rally This Week Gold ended the week around $1,275 after climbing over $1,285 earlier in the week. Political developments sparked a gold rally that broke the rut that gold has been stuck in the last few weeks. Some of these political developments driving the rally were overseas, and some domestic. […]
October Spending Hit a Quarter of a Trillion Dollars The big story right now that no one is talking about is that October spending hit a quarter of a trillion dollars. October is generally considered a better month for the U.S. Treasury Department with the additional revenue of tax extension filers, but even with the […]
Dollar Index Drove Gold This Week While Treasuries Hit 5 Month High Building on recent strength, the dollar index drove gold down slightly this week. Gold prices hovered in the mid $1270 range all week. Silver started the week just short of $17 and closed lower at about $16.77. Stocks were up at the beginning […]
Gold In Holding Pattern During Quiet Week and Stock Market Highs Not much to report on precious metals after a quiet week and stock market highs keeping gold from moving up much. Starting the week, gold touched just above the $1,300 mark, but maintained roughly between $1,285 and $1,290 the rest of the week. The […]
Gold Was up This Week and Reached $1,300 Again After a couple weeks of resistance, gold was up this week and closed Friday just above the important $1,300 mark. Gold climbed steadily from the 4 week low it hit last week despite some slightly more positive global economic growth data. Geopolitics was a drive for […]
Complacency in the Markets Affecting Gold Negatively This Week The stock market continues to set new highs this week. As these records rack up, there is right now a great deal of complacency in the markets affecting gold. Gold fell slightly again this week under pressure from new stock market highs and interest rate talk. It […]
After an Initial Rally, What Weighed on Gold Prices This Week? Gold opened the week just over $1,300, but fell mid-week below $1,290. By Friday, gold had made back some of of those gains to close up. More bellicose rhetoric from North Korea sparked the initial flight to safety. So what weighed on gold prices? There […]
Gold Rally Met Resistance This Week and Prices Dipped – Buying Opportunity? A couple weeks ago gold hit a year high, but the gold rally met resistance this week and prices dipped. Gold fell most of the week, but was able to turn positive late Friday to close out the week just under $1,300. Silver […]
Metals Pull Back, but Gold Looks Poised for a Break Out After reaching $1,350 last week, gold hit some resistance this week, though it maintained its position over $1,350 to close out the week at approximately $1,325. However, gold looks poised for a break out for a few different reasons including an increasingly shaky dollar […]
A Plunging Dollar Sent Gold Higher This Week The recent metals rally continued this week as a plunging dollar sent gold higher. Gold opened after the long weekend just over $1,330 and by Friday had hit $1,350. There were many factors impacting the markets this week including the Democrats’ and Trump’s agreement on the debt […]
Gold Continues to Climb above the Crucial $1,300 Mark Reaching its highest level this year, it was another shining week for metals, as gold continues to climb above the crucial $1,300 mark. It opened the week around the $1,305 mark, and closed just over $1,320 to head into the long weekend. Fed comments, more North […]
Gold Chases Last Week’s Highs of $1,300 Last week gold hit $1,300 for the first time in 2017. Although it eased back slightly this week, still gold chases last week’s highs. Gold opened the week at $1,289 and closed at $1,290. Mid-week it climbed over the $1,290 mark to nearly reach $1,300 again. Political uncertainty […]
Gold Breaks Through $1,300 for the First Time in 2017 Gold had a volatile trading range of $1,283-$1,301 intraday on Friday, which was the first time this year that gold has broke the psychological resistance of $1,300. There has been some pull back since, as gold is currently sitting at around $1285 as of print. […]
Volatility Around North Korean Tension Spurred Gold This week, volatility around North Korean tension spurred gold into a rally. Gold opened the week at at $1257 and closed $30 higher. On Thursday it hit $1290. Silver also rallied, closing the week at $17.10. The news came out this week that North Korea has the capability […]
7 Week High for Gold This Week We had a 7 week high for gold this week. Although Friday saw some pull back on profit taking, it was still a good week for gold. Gold finished out the week just short of $1,260, but climbed as high as $1,270 mid-week. It was not such a […]
Shining Week for Gold as Dollar Index Is at Year Low The dollar index is at year low this week. The last time it was this low was June of last year, and it’s currently in a two week losing streak. Gold was up all week, and closed the week just shy of the $1,270 […]
Quiet Mid-Week, But Gold Added on Last Week’s Gains With a rally this week, gold added on last week’s gains. The week opened at $1,234 and closed at $1,253. Silver opened the week at $16.15 and closed at $16.54. Although metals were trading fairly quietly during the middle of the week due to lack of […]
A Cryptocurrency Backed By Gold? Sure Makes Sense, Doesn’t It? Cryptocurrencies like bitcoin have experienced massive rallies recently as a possible, alternative safe haven investment. Are Gold and Cryptocurrency forming a New Relationship? Naturally, a cryptocurrency such as Bitcoin brings inherit fears of instability and raises questions from investors. This being mainly because the “currency” […]
Gold Prices Are Down Right Now – It’s a Prime Time to Buy When metals are low, it’s a perfect time to buy, and gold prices are down right now. This could be an important, new price bottom before the next rally. If you have been waiting for the right moment to get in, this […]
How Are Global Tensions Going to Affect Gold? Gold had some pull back at the start of the week, but closed out the week making back some gains. However, going forward, there are global tensions going to affect gold, most likely. Although lately gold has at times been fairly quiet on the volatility trade, there […]
Gold Retreats after Fed Raises Rates a Quarter Point This week gold retreated from its rally following the Fed announcement Wednesday that lifted rates a quarter point. Gold still looks safe long term, however, and made back some small gains Friday as the dollar index experienced some weakening. The dollar index strengthened Wednesday following the […]
Gold Is at 7 Week High on Weak Dollar Index, Nearly Reaches $1300 This week, gold is at 7 week high on weak dollar index (among other driving factors). Gold prices started out the weak with a rally climbing over $1,290, however it pulled back some on Thursday and Friday. The dollar index was up […]
Arizona Authorizes Gold as Legal Tender as Alternate to Fiat Currency This fall, Arizona authorizes gold as legal tender with Governor Doug Ducey’s signing of House Bill 2014 this past week. The bill eliminates capital gains tax on gold and silver, which encourages its use as currency. Previous version of the bill passed the state […]
China Downgrade Worrying Investors As the Country’s Financial Strength in Question Gold had another strong week, and looks like it is moving out of its recent sluggishness. With Moody’s China downgrade worrying investors this week, the dollar continuing to show weakness, and a possible rate hike, gold is looking attractive and shows signs that it will […]
Volatility Rocks the Markets and Gold is Looking Bullish After a turbulent week, gold is looking bullish, and investors are flocking back to precious metals. Volatility rocked the markets stemming from political controversy in Washington. This was the controversy surrounding the President’s dismissal of FBI director Comey and his meeting with Russian state officials. The […]
Has this Gold Market Run Out of Steam For Now? Are investors worried that this gold market has run out of steam? With gold and silver kicking off the week continuing the pull back from last week, some investors are. What are the reasons for the pull back, and what does it mean going forward? […]
Current Silver to Gold Ratio Represents Prime Buying Opportunity The current silver to gold ratio represents a prime buying opportunity. The silver to gold ratio represents the amount of ounces of silver that equates in price to an ounce of gold. It normally sits around 80 to 1, but is at 75 to 1 right […]
As Metals Continue to Perform, These Are the Market Rallying Events to Watch for Gold Precious metals continued their winning streak this week, and there are several market rallying events to watch for gold over the next year. Gold rose above $1,290 an ounce this week before pulling back slightly towards the end of the […]
Gold Posts 10% Gains, 5-month High as Geopolitics Spark Flight to Safety and Gold Developments in geopolitics spark flight to safety and gold by investors this week. Gold has posted 10% gains for the year now. It broke out Tuesday over $1,270, and by Wednesday, it had hit a 5-month high. It continued these gains […]
Gold Surges after Airstrikes in Syria by the U.S. Gold surges after airstrikes in Syria on Thursday night to end the week hitting the $1,270 mark on Friday. In retaliation for an alleged Syrian chemical attack on civilians last week near Idlib, the U.S. fired 59 Tomahawk cruise missiles at Shayrat Air Base late Thursday […]
Gold Rally Continues from Last Week’s Jump Last week’s gold rally continues this week with gold toying with the $1,250 mark. Gold is now up 8.5% this year. On Tuesday, the Dow had its worst day yet in 2017. It experienced some shakiness after the Fed announcement last week, and volatility rocked stocks this week. […]
Gold Reacted to the Fed Announcement on Interest Rates with Rally On Wednesday, gold reacted to the Fed announcement with a rally that broke over the $1220 mark by Friday. Janet Yellen announced – in a rather positive communiqué – that rates would go up a quarter point, and that we could anticipate a couple […]
Gold Lower on Upcoming Rate Hike and Animal Spirits, but is the Fed Behind the Curve? Gold prices were weighed down heavily this week mostly due to the upcoming rate hike.. The dollar is maintaining its strength right now, which is pushing down gold prices. Moreover, strong indications that the Federal Reserve will hike rates […]
The U.S. is on the Brink of a Major Debt Crisis With a $20 trillion national debt, it sure appears the U.S. is approaching a debt crisis. This past week President Trump addressed Congress with a pro-jobs and growth message that prompted a stock market rally the next day. As a result, gold saw some […]
11 Straight Record Closes, But This Market is Overvalued Despite 11 straight record closes, investors are starting to worry the market is overvalued. Investor pessimism is rising as they start to fear a correction is coming. Friday marked the first record 11-day win streak for the Dow Jones since 1987. In 1987, the Dow Jones […]
Rising Inflation Will Boost Gold and Silver The current economic outlook is anticipating inflation in the not-so-distant future, and rising inflation will boost gold and silver prices. Consumer prices are up 0.6% in January and 2.5% over the last year. Price seem to be rising at the fastest pace in about six years. Rising inflation is to […]
Increasing European Political Uncertainty and Populism Will Fuel Safe Haven Demand Plummeting levels of confidence in national governments (and even more so in the EU) is leading to increasing European political uncertainty. This is true in the U.S. as well. Donald Trump’s election and the Brexit vote are indicators of rising populism and uncertainty. Other […]
President Trump Repeals Dodd Frank Regulations Triggering Stock Market Rally The Dow closed 187 points up on Friday settling just over 20,000. Investor confidence got a boost as President Trump repeals Dodd Frank regulations. Goldman Sachs and other banking institutions were once again the big winners (unsurprisingly). The boost came Friday afternoon after President Trump signed […]
Lessons from Hoover on Trade Policy: The Smoot-Hawley Tariff Act As the Trump administration starts enacting new policy, history can illuminate some valuable lessons from Hoover on trade policy and its implications. These implications could have especially relevant repercussions today. Trade has been an cornerstone of Trump’s campaign. This week he signed an executive order canceling the […]
This week we will take a look back over the 5 biggest stories for gold and the markets in 2016 and how they impacted investors. Donald Trump Wins the Election The election of Donald Trump was, of course, the pivotal story of 2016. His shock win took most of the world by surprise and contradicted […]
DOLLAR REACHES 14-YEAR HIGH AND FED RAISES RATES Gold was hit hard this week as the dollar hit 14-year highs and the Federal Reserve raised interest rates a quarter point. Janet Yellen – Chair of the Fed – also announced that we can expect one more hike in the first half of 2017 and three […]
RE-THINKING GOLD BUYING OPPORTUNITIES & TAKING ADVANTAGE OF CURRENT PRICE DIP Gold prices have been falling since Donald Trump’s election win, and as price dips, it is an optimal time for strategically re-thinking gold buying opportunities of the wealth preserving asset. Most analysts predicted that a Trump win would be positive for gold due to […]
DOES THE VIX STILL ACCURATELY MEASURE FEAR? OR IS IT NOW THE DOLLAR? The VIX does not seem to accurately measure fear anymore. The VIX – or volatility index – shows the markets’ 30-day forecast for volatility. It describes implied volatilities, is constructed partly from both calls and puts, is forward-looking, and referred to as […]
“TRUMPFLATION” AND WHAT IT WILL MEAN FOR GOLD IN THE TRUMP ERA What does a Trump presidency mean for inflation, the markets, and your financial future? From what history tells and the President Elect has promised in his policy outlines, it will be debt, inflation, market collapse, and a potential trade war. While Mr. Trump promises […]
Stock Market Rally in Aftermath of Stunning Trump Win Donald Trump’s win Tuesday is seen as a victory over the political establishment and a return to conservatism. The news also triggered a triggered a massive stock market rally. In the long run though, the Trump win will likely mean inflation and debt down the road. As […]
Gold Set to Continue Gains in 2017 Precious metals have made tremendous moves this year, and gold is set to continue its gains in 2017. Even if the Federal Reserve decides to hike rates in December, the conditions are set to be favorable to gold. Gold prices have rallied over 19% this year. Global economic slowdown, […]
Economic Slowdown in Asia Signals More Gold Buying Gold demand in the Asian markets is picking up after a slowdown last week when Chinese markets closed for a week of holidays. Markets are indicating that now may be the perfect time to buy gold. Demand for gold in Asia is on the rise, which will […]
$1.4 Trillion Dollar Deficit That No One Is Talking about In the 2016 fiscal year, the U.S. hit a 1.4 trillion dollar budget deficit, and no one is talking about it. October marked the start of a new fiscal year, and 2016 closed with a deficit three times larger than the previous year. It is […]
Deutsche Bank Strikes Fears of Lehman Brothers Repeat Deutsche Bank sent liquidity fears through the markets on Thursday reminiscent of the lead-up to the 2008 crash. The bank’s stock fell to all-time lows on Thursday on liquidity concerns as large funds began to withdraw excess cash and positions at Deutsche Bank. The bank, which is […]
Boris Johnson: Brexit Negotiations Could Begin Early 2017 Boris Johnson says Britain will begin Brexit talks soon. Johnson, the British Foreign Secretary and staunch “Leave” vote advocate told the Italian prime minister this week that Brexit talks could begin as soon as early 2017. Boris Johnson, the former mayor of London, campaigned heavily for Great […]
The Markets’ Take on a Trump Presidency Presidential elections in the U.S. have significant impact on market movements. Even the anticipation of (before the candidate is even elected) what a candidate might do is impactful. According to some hedge fund managers, there is a correlation right now happening between investors wanting to hedge against a […]
Ben Bernanke Predicts Fed Won’t Raise Rates For months now investors have been expecting the Federal Reserve to raise interest rates. Events such as the May jobs report data, the June Brexit vote, and a lack of economic growth in Q2 have forced the Fed to continue to delay hiking rates. There is much […]
What the Gold Market Is Saying about Global Risk, Bank of England Rate Cuts, Japanese Stimulus Michael Preiss of Taurus Wealth Advisors believes the global economic outlook is recession and stagnation. In his analysis on CNBC he stated that the gold market can reveal much about the state of the economy. He points out that […]
Watch: Bill Gross Doesn’t Like Stocks or Bonds! Trouble viewing video? Click here. Bond King Bill Gross “Doesn’t Like” Stocks or BONDS. Bonds! This is the former head of Pimco, where he managed the largest Bond fund to the tune of oh… $270 billion. After all, the man’s nickname literally is “The Bond King”. So what […]
Gold Prices End the Week High on U.S. Economy Growth Concerns and European Bank Stress Test Results Gold closed out July hitting two-week highs and seeing gains through Thursday and Friday to settle at $1350 by Friday close. The metal has entered a new bull market and is now up 26% for the year. There […]
Why Gold and Silver Will Be the Most Secure Currencies Many eminent investors consider gold and silver as currencies. Peter Boockvar considers precious metals an “anti-fiat money” currency. Because gold is a tangible, finite resource, its value cannot be as easily manipulated or created electronically through central banking monetary policy as fiat currencies can. Central […]
The Price vs. the Value of Gold… What is the Difference? The value of gold is measured beyond the daily spot price. Right now, as you read this post, the live spot price of gold is . You may have just calculated your gains or losses based on when you purchased your gold. While the price of […]
2/21/2016 Negative interest rates have become “the new agenda” at Central Banks recently in Europe and Japan which signals good news for gold. Last week, Sweden’s central bank, Rikbanken, slashed their rate from positive 0.35% to negative 0.50% following the Bank of Japan’s drop of its key interest rate to negative 0.1%. Canadian officials are […]
2/9/2016 Back in December, RME CEO Jim Clark stated the bottom for gold was in. His exact quote at the time was “I am going on record today to say that the price of gold [$1049] has found the bottom. The bull market in gold has begun.”. Today, gold closed right around $1190, up approximately $140 per ounce in […]
12/06/2015 I am going on record today to say that the price of gold has found the bottom. The bull market in gold has begun. Gold traded down to $1,048 on an intraday basis to close just over $1,055 on Wednesday this past week. The recent decline in the gold price has been a discounting […]
Jim Clark 11/15/2015 This past Wednesday, November 11, 2015 was Veterans Day. To all veterans of the US Armed Services: Thank You for your service to our country. FROM RON PAUL – LESSONS YET TO BE LEARNED: Increasing money and credit by the Fed is not the same as increasing wealth. It in fact […]
Jim Clark 11/8/2015 Wednesday last week, Fed Chair Janet Yellen said “At this point, I see the U.S. economy as performing well,” noting the strength in domestic spending and that it may be “appropriate” for a rate hike in December. The Chairman of the New York Fed, William Dudley said he “fully” agrees with the Chair. […]
Jim Clark 11/1/2015 After opening the week at $1,164, COMEX spot gold rallied strongly to a three month high of $1,188 gold retraced to $1,141 giving back 48% of the October gains to close the month up 2%. After a strong rally on high volume trading, a short term 48% retracement of gains is to […]
Jim Clark 10/25/2015 Gold and silver traded softer this week with gold losing some ground from $1,171 to close $1,164 up 5% for October to date and silver opened the week at $15.86 and is trading at $15.81 basically unchanged for the week and up 9% for the month so far. Analysts attribute this week’s […]
Jim Clark 10/18/2015 Gold and silver have surged this week to bring both metals into positive return territory for this year. With a strong follow through to last week’s rally, both metals continue to make higher highs and higher lows, a bullish indicator of a turn in the market as we addressed last week. Gold […]
Jim Clark 10/9/2015 Both gold and silver had strong breakouts above near term resistance and the price momentum has shifted to the advantage of the bulls. Gold opened the week at $1137 and is currently trading at $1,159, up $22 or 2% for the week. Silver opened on Monday at $15.24 and is at $15.86, […]
Jim Clark 10/4/2015 Gold and silver posted gains for this week thanks to a strong Friday rally in both metals with gold opening the week at $1131 and closing Friday at $1138.50 and silver opening at $14.70 to close Friday at $15.26. Silver was up 5% on the day – the biggest daily jump since Dec 1st […]
Jim Clark 9/27/2015 Gold opened the week at $1133 and closed Friday at $1145, up 1% for the week following last week’s 3% rally. Silver lost a bit on profit taking in the paper market (COMEX) declining from $15.19 to close at $15.09, holding the $15 floor. We are cautiously optimistic that this follow through […]