Given Gold a week ago having precisely hit our selected low (futures 1901 per the wee green line, or spot 1893), this past week’s bounce to as high as 1943 suggests the Short trend is starting to lack sellers’ respect.
Here is what signaled the END OF THE US DOLLAR, and this is why Putin, Jinping, and Modi (along with Africa, Latin America, and the Arab World) have decided to move forward with their gold-backed currency.
One of the hardest parts of economic forecasting is separating what we expect from what we want. Actually, this is part of the human condition, genetically programmed into us and affecting every part..
Assessing a state sales tax on the purchase of gold and silver is becoming an outmoded, indeed outrageous, practice – but a small number of U.S. states still engage in it.
Central bank behavior combined with geopolitical dynamics, a tight physical market, stress on the global economy, and signs of a recession all place gold in the spotlight.
As the world continues to be rocked by inflation and financial instability, four precious metals “megatrends” have emerged largely undetected by the mainstream.
The TIPS yield has slightly trended down, while the gold price has been firmly going up! Gold is still sensitive to the TIPS yield, but the gap in the chart between real rates and gold is widening.
One thing that should have been questioned intensely all along in energy news but hasn’t been is how the EV car boom is going to stress the US energy grid far beyond its capabilities.
Newcrest Mining Ltd. may have enough gold and copper deposits at its Red Chris project in Canada to open an entirely new section and extend mining in the area for decades, Chief Executive Officer Sherry Duhe said.
Andy Schectman, Co-founder of Miles Franklin discusses the boon of precious metals clients, bullish developments, trouble for the USD and what that means for his diversification philosophy, and more.
