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Precious Metals Analysis

Dominic Raab’s New ‘Golden Boy’ Role

Dominic Raab’s New ‘Golden Boy’ Role

Dominic Raab, who once dispensed justice as the Lord Chancellor, has now struck a different pot of gold as a senior strategic advisor to the World Gold Council (WGC) and Appian Capital LLP. With a gleam in his eye and a smile worthy of a ‘golden boy,’ Raab is ready to navigate the murky waters of international mining and global affairs.

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Mirage Of ‘Lower Inflation’ Is Fooling Nobody

Mirage Of 'Lower Inflation' Is Fooling Nobody

Every time the rate of inflation has been released each month over the last few months, the Biden Administration and some media outlets appear to claim economic victory. But any small “victories” are equivalent to squeezing a fire hose so less water comes out. Unfortunately, the liquidity is still coming out at high pressure.

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Hedge Fund Legends Stock Up on Gold

Hedge Fund Legends Stock Up on Gold

More than 80% of largest fund managers own gold in their portfolios because hedge funds see gold as asset that can help minimize risk and maximize return. Leading asset manager: This is the “most fraught global environment since World War II” with “Big Short” legend Michael Burry making a large commitment to gold.

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Is World Lurching Back Towards Gold Standard?

Is World Lurching Back Towards Gold Standard?

Could the world REALLY be creeping closer to a monetary gold standard? Steve Forbes sees signs that it is. In a recent article published by Forbes Magazine, Steve Forbes wrote that it may seem hard to believe, but the world is “beginning to lurch toward a gold-based monetary system.”

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Is the Federal Reserve Just Winging It?

Is the Federal Reserve Just Winging It?

Are the central bankers at the Federal Reserve just winging it? It sure seems that way if you step back and take a long view of their decision-making. Fed officials project this aura of authority. You might imagine them as hyper-intelligent experts in the field of economics and finance making carefully calculated monetary policy decisions… but.

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Goldman Sachs Gives Early Xmas Gift to Gold Owners

Goldman Sachs Gives Early Xmas Gift to Gold Owners

This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: $2,400 proves strong support as gold shifts gears towards $2,500, silver’s biggest move above $30 in a decade, and ways to interpret central banks’ portfolio theory today.

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All That Glitters Isn’t Gold

All That Glitters Isn't Gold

All that glitters isn’t gold. Silver also has quite a shine lately. While gold has gotten the headlines, silver has had a solid bull run over the last several months. In fact, the white metal has outperformed gold in this gold bull market. Last week, silver charted an 11 percent gain, cracking $30 an ounce for the first time in over a decade.

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End the Fed… and Replace It with What?

End the Fed… and Replace It with What?

Last week, Rep. Thomas Massie (R-KY) introduced the Federal Reserve Board Abolition Act (HR 8421). The bill would do exactly as its title suggests: abolish the Fed. “Americans would be better off if the Federal Reserve did not exist,” Massie said. “The Fed devalues our currency by monetizing the debt, causing inflation.”

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Alabama Abolishes Taxes on Gold and Silver

Alabama Abolishes Taxes on Gold and Silver

Alabama Governor Key Ivey today signed a bill that removes all income taxes on capital gains from the sale of gold and silver, enabling the state to take an important step forward in reinforcing sound money principles and joins a growing number of states prioritizing the protection of citizens against inflation and mounting federal debt.

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Basic Math Proves Gold Bull Run Only Getting Started

Basic Math Proves Gold Bull Run Only Getting Started

These days, between bank runs and debt defaults and trade wars, trust is in short supply. When the global financial system relies on trust to function, we have to ask – without trust, what are we left with? Almost no one in their right mind trusts what is going on in today’s chaotic economy.

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Perfect Combination for Dollar, Perfect Signal for Gold

Perfect Combination for Dollar, Perfect Signal for Gold

It’s rare when a target is reached so perfectly as it’s the case in the USDX right now. In yesterday’s analysis, I provided a lot of contexts for the current prices moves. Today, I’ll focus on the short-term price moves and I’ll start with the market where we saw the clearest, immediate-term indication: the USD Index

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Could We See $27,000 Gold?

Could We See $27,000 Gold?

Could we see $27,000 gold? That seems far-fetched but financial analyst and investment banker Jim Rickards makes the case that it could happen. Gold charted a big rally in recent months, hitting a new all-time high of over $2,400 an ounce last month. Even with the higher prices, gold demand has remained robust.

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Why the Entire Financial World Is Being Crushed

Why the Entire Financial World Is Being Crushed

This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. We may be witnessing a once-in-a-lifetime repricing of financial assets (including gold); Britain’s £21 billion decision to liquidate gold early; and Zimbabwe’s currency issues aren’t gold’s fault.

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Will U.S. Become the Next Argentina?

Will U.S. Become the Next Argentina?

Thanks to sweeping spending cuts enacted this year, the government has posted three consecutive monthly budget surpluses – leading to a reduction in money supply growth and a marked lessening of inflation pressures. This hopeful state of affairs doesn’t apply to the government of the United States, of course, but Argentina…

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Magic Trick Behind Dollar is Broken

Magic Trick Behind Dollar is Broken

The total debt owed by the United States federal government has reached incredible levels. Today, the total is $34,541,727,970,599.17 – but by the time you read this article, it’ll probably be higher. I say “probably” because the debt is growing exponentially so when you read this, another few hundred billion will have been added

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Convenience Store Gold Flying Off Shelves!

Convenience Store Gold Flying Off Shelves!

Bars of gold are flying off the shelves in South Korean convenience stores. This is yet another example of the movement of gold from West to East. Korea’s largest convenience store chain, CU, has teamed up with Korea Minting and Security Printing Corporation (KOMSCO) to offer customers fingernail-sized gold bars.

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Gold Up 4 Percent in April Despite Headwinds

Gold Up 4 Percent in April Despite Headwinds

Gold was up 4 percent in April, despite some profit-taking, along with headwinds from a strong dollar and waning hope for an interest rate cut. Gold hit a new all-time high of 2,431 in April, but pulled back later in the month as hopes the Federal Reserve would cut interest rates in the near future faded.

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Gold Demand Strongest Since 2016

Gold Demand Strongest Since 2016

Factoring in sizeable over-the-counter (OTC) buying, gold demand charted its strongest first quarter since 2016. By including over-the-counter buying by investors, gold demand grew by 3 percent year-on-year, reaching 1,238 tons, according to data compiled by the World Gold Council.

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SEC $76 Million Judgement Against Red Rock Secured

SEC $76 Million Judgement Against Red Rock Secured

In a major legal victory, the SEC has secured a $76 million judgment against Red Rock Secured LLC and its top executives for defrauding retirement account holders. The judgment includes significant fines and permanent bans from certain financial activities for the individuals involved​​.

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Will Chinese Gold Break the Dollar’s Back?

Will Chinese Gold Break the Dollar's Back?

There are cracks in the foundation of dollar dominance. Could Chinese gold be the straw that breaks the dollar’s back? In a column published by the Telegraph, economist Julian Jessop points out that people have been predicting the dollar’s demise for decades. Eventually, they’ll be right.

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Why Are We Still Listening to the Central Planners?

Why Are We Still Listening to the Central Planners?

Confidence in institutions such as the Federal Reserve may be falling, but it hasn’t fallen nearly as far or as fast as it should. Trillions of dollars, yen, euros, and yuan are invested according to central bank policy and propaganda. It isn’t going well. The U.S. economy is massively distorted, unhealthy, and hopelessly dependent on Fed stimulus.

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Gold Beats Expectations in the Best Way Possible

Gold Beats Expectations in the Best Way Possible

This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Has gold been performing due to high inflation?, Iran gold sellers go on strike over sales taxes and the list of countries bringing their gold home grows (again). Gold’s price defies “hawkish” sentiment from the Fed

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Fed Cornered – There’s No Way Out!

Fed Cornered – There’s No Way Out!

“Pretty much everybody on the FOMC is talking from the same script right now,” said Guy LeBas, chief fixed income strategist at Janney Montgomery Scott. “With maybe one or two exceptions, policymakers pretty universally agree that the last few months of inflation data are too warm to justify action in the near term.”

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Turkey, China, and India Lead Strong Central Bank Gold Buying

Turkey, China, and India Lead Strong Central Bank Gold Buying

Central banks continued to steadily add gold to their reserves in March. On net, central banks globally increased their gold holdings by 16 tons, according to the latest data compiled by the World Gold Council. Buyers added 40 tons of gold to their reserves. This was offset by a net 25 tons in sales.

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Turns Out Cooling Price Inflation Was Transitory

Turns Out Cooling Price Inflation Was Transitory

If the hotter-than-expected March CPI data wasn’t enough to convince you, there is more evidence that the “cooling inflation” we saw late last year was transitory. The PCE data for March came out Friday – hotter than expected. You might be picking up on a theme here…

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Biden’s Dollar Weaponization – Backlash Could Kill the Economy

Biden’s Dollar Weaponization – Backlash Could Kill the Economy

President Biden’s decision to participate in the Ukraine-Russia conflict back in February 2022 has taken a new and dangerous turn this year. The U.S. dollar could suffer dramatically as a result. Before we explore that new development, we’re going to start by quickly summarizing some of the events that led the United States to this point.

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The First Bank Failure of 2024 Won’t Be the Last

The First Bank Failure of 2024 Won’t Be the Last

Breaking news: The Wall Street Journal announced the first bank failure of 2024… “Regulators are set to seize the troubled Philadelphia bank Republic First Bancorp and are near a deal to sell it to another lender, the fourth high-profile bank failure since last spring.” So what happened to Republic First?

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The Federal Reserve has a $34.5 trillion problem…

The Federal Reserve has a $34.5 trillion problem...

The Federal Reserve has a $34.5 trillion problem. And the problem is growing. Yes, I’m talking about the national debt. How is the debt the Fed’s problem? It hamstrings the Fed’s ability to fight price inflation. In a recent interview, Crescat Capital macro strategist Tavi Costa told Kitco News that soaring debt levels could ultimately render…

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