Remember when the collapse of Silicon Valley Bank was the second-largest bank failure in U.S. history? Seems like just yesterday – which, in a figurative sense, it was. It’s been barely two months since Silicon Valley fell to earth and triggered a wave of anxiety over the banking system unseen since the 2008 financial crisis.
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The profits in the FCX increased once again, but junior miners didn’t decline despite the S&P 500’s downswing. Why would this be the case? In my analysis yesterday, I warned about the volatility that we might see this week, mainly due to Fed’s interest rate decision, but…
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Over the weekend, federal regulators seized First Republic and cut a deal with JP Morgan to assume most of the failed bank’s assets. This should come as no surprise to regular readers – I discussed the contagion spreading across the banking sector back in March. So this isn’t a surprise, but is it still worthy of concern?
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Demand for coins, rounds, and bars surged when the failure of Silicon Valley Bank awakened investors to the possibility of systemic problems among smaller and regional banks. Despite the massive spike in demand for bullion coins three years ago, the dysfunctional U.S. Mint has somehow managed to produce fewer coins.
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In Friday’s analysis, I wrote that gold price was likely about to form a monthly reversal – and now it’s a fact. Will gold slide? Bullion.Directory precious metals analysis 01 […]
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As the US Federal Government and Federal Reserve head ever more into the abyss of destroying the value of the US dollar, there is an accelerating counter force emerging in the US that is the antithesis of this Federal Government and Federal Reserve madness. That is the Sound Money movement.
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The price of gold moved higher yesterday, but did it manage to rally back above $2,000? No! Despite USDX’s weakness, it didn’t. And this means that the odds for a bigger rally from here declined while the odds for a bigger decline increased.
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This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: What to watch out for in the coming financial crisis, Citi thinks $30 silver is a lowball forecast, and how to solve the debt ceiling stand-off with a single platinum coin…
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Did last week’s market plunge below the $2,000 level provide the final confirmation? And why is this big news? I wrote in number of occasions that the gold price was unlikely to hold the breakout above the $2,000 level. Last week provided the final confirmation.
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There’s little dispute that the turmoil we saw upsetting the financial system a month ago has subsided. But have we really seen the last of it? A number of expert observers, including former Treasury Secretary Larry Summers, have been saying it’s a little too soon to give the “all clear” on the turbulence…
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Depending on the source you check, the U.S. debt ceiling has been lifted or modified approximately 102 times since its inception in 1917. By June of this year, that number is likely to increase by one, and that means the U.S. debt is poised to skyrocket after it happens. But what if things don’t go according to plan?
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Spend any time in the gold market and you will be bombarded with all kinds of theories about what drives gold and silver prices. It’s the money supply dummy! No, it’s “real” interest rates! No, no, it’s mine production! Then there are the non-theories…
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There are many reasons to buy and hold physical gold. The lack of counterparty risk, the diversification, and the hedge against inflation are among the top reasons to own the monetary metals. The public is only in the early process of figuring out why gold ownership is an absolute MUST during a banking crisis.
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Looks like we just saw the first small “boom” in a controlled demolition on the markets. The only reason it’s “controlled” is because the prices are likely to fall in a specific pattern (in tune with how they declined previously) and not crumble instantly.
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The XAU Index is great for assessing what’s really happening in the precious metals market. One of the most important (and one that we have the longest dataset for) indices present on the precious metals market is the XAU Index.
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Despite all of the risk-management protocols in place for the banking industry, this most prominent of threats to Silicon Valley Bank – and the one that ultimately flattened it – was either missed or ignored by risk-management professionals at all levels.
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Steve Forbes demands a return to the gold standard, gold’s fair value is closer to $3,000 than its current price, and U.S. states aren’t waiting for a national gold standard – they’re busy authorizing their own.
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I’ve recently written much about the link between now and 2008, and it has profound implications not just on gold and silver stocks but also on other stocks.Based on what happened in 2008, it seems that stocks are about to move much lower in the following months. Let’s take a look at the markets from a more short-term point of view…
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Absent a complete reversal in monetary policy and a push back toward zero percent interest rates, the banks are going to have a very hard time competing. Another wave of bank failures may not be far away.
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Owning physical gold and silver outside the banking system makes sense to me, not so much because I’m concerned about the imminent collapse of the global financial system. Because it’s smart protection. I have a fire extinguisher in my kitchen, but not because I think the oven is about to burst into flames.
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Think Gold Mining is Difficult, Dangerous and Harmful to the Environment? Think Again. International gold mining legend Corey Keller has announced what he describes as being a global solution to some of the biggest problems inherent in gold mining
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First, it was the crypto-focused Silvergate Bank. Then it was Silicon Valley Bank. And immediately after, Signature Bank. Silvergate and Signature could be dismissed because, well, crypto. But Silicon Valley Bank is something entirely else.
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Markets are now pricing in a 1.5% cut in Fed funds rates in the next 15 months. It’s an interesting forecast on the markets’ part. Can the Fed really hold off so long? And when the Fed throws in the towel on the inflation fight and cuts rates, will the U.S. dollar have anything left in the tank anymore?
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As the Federal Reserve has hiked rates from 0% to over 4.75%, the average interest rate on bank deposits has remained low, around the FDIC’s national average for savings accounts of 0.37%. This has led many to ask the simple question…
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Banking-Crisis Unpredictability Highlights Importance of Staying Ready for Trouble Bullion.Directory precious metals analysis 27 March, 2023 By Isaac Nuriani CEO at Augusta Precious Metals Precious metals have been on a […]
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There isn’t a vestige of the free market left when it comes to the country’s financial sector. Central control goes way beyond the fact that the Federal Reserve has been fixing the price of money (interest rates) for the past few decades.
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After almost 15 years of Fed-fueled cheap money offered at near-zero rates that was leveraged into overinflated speculative bubbles, the lights are on, the crowd is dispersing – and the party might finally be over.
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A stable gold price over $2,000/oz means that something has gone wrong. Either the greenback crumbled further, or there is some kind of issue that isn’t going away and that is driving haven demand. So often investors see asset prices rising and, fearful of missing out on a new bull market, buy in and drive prices even higher.
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