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Precious Metals News

Consumer Financial Crunch Worsens

Consumer Financial Crunch Worsens

According to a Harris poll conducted for Bloomberg News, a whole lot of middle-class Americans are worried about the economy. In fact, the number who say they are worried about the economy has grown over the past year, even though inflation has steadily declined at the same time. 44% of middle-class Americans are “stressed” about the economy

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Gold Price Forecast for November 2023

Gold Price Forecast for November 2023

Gold didn’t just invalidate the move above $2,000. It moved even lower – that’s how we know the invalidation is real. And so are its consequences. After gold’s suspicious rally, we see a very real decline. And the decline in silver and mining stocks is even bigger.

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Why When Investors Sour on Risk, They Buy Gold

Why When Investors Sour on Risk, They Buy Gold

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold doesn’t want to leave $2,000, how the U.S. government has indebted you by around $100,000, and Canada releases 2023 coin from single-source mine, while firms like Citi are resuming the purchase of Russian metals

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No, It’s NOT Too Late to Buy Gold

No, It's NOT Too Late to Buy Gold

Gold prices are flirting with all-time highs once again and investors are wondering if this time might be different. Perhaps gold (and silver) can finally break out of the range where they have been mired over the past 3-½ years? A breakout to higher prices is, in our view, both overdue and inevitable, however, the timing of a breakout remains impossible to predict

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Geopolitical Tension Biggest Global Economic Stress

Geopolitical Tension Biggest Global Economic Stress

Despite ongoing risks to the world economy posed by ongoing inflation and interest-rate challenges, there is another risk on the radar screen that experts suggest could be the most formidable of all through the foreseeable future: geopolitical tension. J.P. Morgan’s Jamie Dimon sounded the geopolitical “alarm,” suggesting tensions are set to impact global economy.

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What Happens to Gold When Bonds No Longer Safe Haven?

What Happens to Gold When Bonds No Longer Safe Haven?

Gold bugs hold a different definition of risk free, but for most of Wall Street and the investing public the assumption has been that there’s zero chance the U.S. government will ever default on its debt. The truth is finally dawning on this crowd. There is more than one way for the U.S. to default. The government might not welch on payments, but…

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Perfect (and Profitable) Reversal in Miners

Perfect (and Profitable) Reversal in Miners

Theoretically, it’s not really important to pick the exact top – it’s good to be just near it when making transactions. And to be 100% precise, all that matters is that the exit price is more favorable than the entry price for a given trade. And if the annualized rate of return is better than the risk-free rate of return (one that bonds provide), then it’s already very good.

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IMF Official Says U.S. Fiscal Outlook is “Most Worrying.”

IMF Official Says U.S. Fiscal Outlook is “Most Worrying.”

In a year marked by no emergency pandemic assistance, no national crisis of any kind… and characterized by low unemployment rate as well as an expanding economy (at least as indicated by headline GDP growth measures), the annual budget deficit is still projected to land at $1.7 trillion according to the Congressional Budget Office.

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BRICS Pay Propels Half the World into Dedollarization

BRICS Pay Propels Half the World into Dedollarization

If you don’t already realize that dedollarization is happening, there’s no clearer proof than BRICS Pay. BRICS Pay is a new blockchain-based payment system that enables members of the BRICS countries (Brazil, Russia, India, China, and South Africa) and their partners to make financial transactions in a whole new way.

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JPMorgan CEO Warning to America

JPMorgan CEO Warning to America

“This may be the most dangerous time the world has seen in decades.” That’s according to JPMorgan Chase CEO Jamie Dimon. His alarming statement accompanied the bank’s latest earnings release. Dimon is concerned about geopolitical strife in the Middle East, Ukraine, and elsewhere. He is also alarmed by rapidly deteriorating U.S. finances.

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Is Next Recession Overdue?

Is Next Recession Overdue?

It appears we can say officially there is no consensus on the issue of whether the U.S. economy is in for a recession. March 2022 was the first time in this current cycle of tightening that the Federal Reserve raised interest rates. A month after that initial increase, economists polled by Reuters pegged the chances of recession at 25%

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The True Costs of a “Cashless Economy”

The True Costs of a “Cashless Economy”

There is a lot of talk in financial circles about the shift in the U.S. economy toward a “cashless society.” Naturally, there are both benefits and drawbacks to such a radical change. Because of the required technological progress, many reports focus on the advantages of an economy that goes cashless. For example, the IMF claims…

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4 IRA Mistakes That Could Destroy Your Savings

4 IRA Mistakes That Could Destroy Your Savings

Once you receive a retirement plan distribution, then you have some planning to do. One part of that planning is deciding how you are going to roll over the funds into any new vehicle(s) and begin to enjoy the fruits of your labors. The IRS website nicely summarizes the main reason why many Americans who are saving for a stress-free retirement would do this…

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China’s Economic Crisis Drives Frantic Gold Buying

China’s Economic Crisis Drives Frantic Gold Buying

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: The not-so-hidden Chinese crisis, what we can expect from gold in the near-term, and a reminder on why only gold bullion cuts it: The Chinese economic slump and the accompanying rush to gold

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Can Nation Stand Four Economic Shocks?

Can Nation Stand Four Economic Shocks?

When Augusta’s director of education Devlyn Steele presented his 2023 outlook back in January, he suggested the prevailing theme of the economic year could be one of uncertainty. I’m not sure even he expected to hit the nail on the head quite as squarely as he apparently did

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So, Is the Bottom Finally Near?

So, Is the Bottom Finally Near?

Gold, silver, and miners have been declining substantially recently, just as the USDX has been soaring. But all (good?) things come to an end, right? While the above is up for debate, it’s definitely true that no market moves up or down in a straight line *cough* except for silver *cough* without periodic corrections…

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Costco Gold Rush Triggers New Wave of Mainstream Demand

Costco Gold Rush Triggers New Wave of Mainstream Demand

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: The Costco gold rush, the indebted legacy of the modern statesman and unpacking IMF data surrounding the U.S. dollar’s global forex share. What we learned from Costco’s foray into gold bullion…

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Regal Assets in $21 Million Fraud Lawsuit

Regal Assets in $21 Million Fraud Lawsuit

The California Department of Financial Protection and Innovation (DFPI), in collaboration with the federal Commodity Futures Trading Commission (CFTC), has launched a significant legal battle against Regal Assets LLC, the Southern California-based precious metals dealer and former Bullion Dealer of the Year.

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Weekly Update: Navigating the Gold Market

Weekly Update: Navigating the Gold Market

We’ve witnessed a fascinating interplay between gold prices, economic data, and ETF movements. Gold prices have erased a bounce from this week’s steep plunge in London trade, dropping back to 6-month lows against the Dollar and reflecting the outflows from gold-backed ETF trust funds such as the GLD.

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It’s Beginning to Look a Lot Like Christmas Stagflation

It's Beginning to Look a Lot Like <strike>Christmas</strike> Stagflation

The threat of stagflation has been lurking about for some time on the American economic scene. Surprising considering just how robust the data has been that normally points to a sputtering economy. So far all we’ve seen is the inflation part of that equation, but analysts are concerned the “downturn” portion is just a matter of time.

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New Low in Miners, New Record in Profits

New Low in Miners, New Record in Profits

It happened! Junior miners moved to new 2023 lows! If one opened a short position in GDXJ this year and they hold it, they are profitable. The question – of course – is if junior miners and the rest of the precious metals sector are going to continue to move lower from here or will they bottom, just as they did previously when they were trading at similar levels.

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How Much Will the Imminent Government Shutdown Cost You?

How Much Will the Imminent Government Shutdown Cost You?

Here’s something you don’t want to hear from your political leaders, especially in the federal government: “Our financial ship is sinking.” Yet that’s exactly how Tennessee Representative Tim Burchett recently described the situation. He made this statement because the U.S. government can’t reach a resolution that would keep its own operations funded.

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Everyone Would Buy Gold If They Knew This

Everyone Would Buy Gold If They Knew This

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Investors under-educated on gold, an update on Russia’s gold dealings, and who owns the London Metals Exchange?

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Only One Thing Can Come from Ballooning Federal Deficits

Only One Thing Can Come from Ballooning Federal Deficits

Representatives in the U.S. House have raised the curtain on the latest round of budget theater in Washington DC. The actual conservatives in Washington can once again be seen fighting a futile rear-guard action to hold the line on spending. The only real question is whether they will relent before House Speaker Kevin McCarthy cuts another deal with Democrats

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Weekly Update: Gold Steady Amid Market Volatility

Weekly Update: Gold Steady Amid Market Volatility

Despite the global stock markets witnessing their steepest weekly drop in six months, gold has held its ground, maintaining a trading range that’s the tightest we’ve seen in five years. Shifting our focus to government bonds and interest rates, these elements act as the market’s pulse. We’ve observed a significant rise in interest rates,

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Paul Krugman Insists Inflation is in Your Imagination

Paul Krugman Insists Inflation is in Your Imagination

Despite his accolades, Krugman has made some wildly inaccurate forecasts. For example, he claimed in 1997 that the Internet’s impact on the economy would be about the same as the fax machine. In 2012, he said the euro would collapse “in a matter of months, not years.” I can forgive him for failed economic projections, but this?

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Is Silver Undervalued Right Now?

Is Silver Undervalued Right Now?

Start talking precious metals, and the first image that typically pops into someone’s head is an image of a shiny piece of gold. It’s understandable. Gold always seems to have a certain allure that doesn’t always translate to silver. Maybe part of it’s the color of the metal. There’s an exoticism to gold’s appearance that doesn’t apply as readily to silver…

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Short-Term Gold Price Outlook Remains Bullish, But…

Short-Term Gold Price Outlook Remains Bullish, But…

Whoever requested the extra portion of signs from gold and gold stocks certainly didn’t have to wait for long. Gold stocks severely underperformed gold once again, and this means that the end of the rally in gold is probably near. It might or might not be completely over just yet.

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