GOLD PRICE gaps between London and New York whipped violently once more on Thursday, cutting what was a $100 premium for Comex futures contracts in March to a $10 discount per ounce as US warehouses continued to see fresh deliveries.
Full Article →The Virus, the economic lockdowns, and the multi-trillion-dollar rescue efforts of central bankers have dominated markets over the past three months – but as lockdowns gradually lift and the 2020 election draws nearer, investors will begin to focus more on political developments.
Full Article →GOLD PRICES rallied on Friday in London, cutting the week’s earlier 1.5% drop against the US Dollar to just 0.5% as Western stock markets struggled again despite fresh government and central-bank stimulus to boost the world’s post-Covid recovery as relations worsened further between the top 2 economies, the US and China.
Full Article →The silver market is on the move. In fact, it’s finally moving out ahead of other precious metals and showing some real leadership. The question for investors now is whether the recent rally in silver is fleeting or sustainable
Full Article →SILVER PRICES erased the last of this spring’s Covid Crisis plunge in London trade on Wednesday, very nearly recovering the US Dollar level of New Year 2020 as gold snapped 2 days of gains to fall back to last week’s closing price.
Full Article →GOLD ETF prices steadied with bullion quotes in London on Tuesday, trading at the equivalent of $1733 per ounce after dropping hard from fresh multi-year and new all-time record highs against the world’s major currencies on news of a potential medical breakthrough in stemming the global pandemic
Full Article →Unfortunately, shady coin dealers are out in force, trying to capitalize on our current financial situation. We can see it in the proliferation of these dealers advertising on TV and radio with their celebrity spokesmen…
Full Article →Bleak Outlook Sees Gold Hit New Records
GOLD PRICES climbed to the highest US Dollar value in nearly 8 years and set fresh all-time highs against most other major currencies on Monday as central banks warned of a protracted economic slump from the Virus Crisis, with more ‘extraordinary’ monetary policy needed to offset it.
Full Article →GOLD BULLION headed for new record weekend finishes for Euro and UK investors on Friday, challenging 8-year highs in US Dollar terms as world stock markets rallied against new record lows in medium-term US interest rates.
Full Article →Foodflation is registering at the checkout lines of your local grocery store – and in a bigger way than has been seen in decades. Many bullion dealers are also struggling despite surging demand for their products…
Full Article →Gold and silver markets are inching closer to embarking on new uplegs. Silver outperformed last week and appears to have the momentum behind it to lead a fresh precious metals breakout.
Full Article →Gold Up as 3 Million More Americans Unemployed
GOLD PRICES rose Thursday lunchtime while initial jobless claims showed another 3 million American filing for unemployment benefits and Donald Trump threatens to terminate phase one trade deal with China.
Full Article →Market sentiment has fundamentally changed. If you keep waiting and hoping for a return to last year’s prices with low premiums and plentiful supply, that’s what you’ll be doing… waiting and hoping.
Full Article →Today the number of ounces of silver it takes to buy one ounce of gold is at 113 – very close to those highs – and metals investors are wondering whether or not opportunity is knocking.
Full Article →Investors across the world are moving into precious metals to protect themselves against the currency and monetary system debasement that is taking place globally, but what are the metals that hold the most exciting investment return potential?
Full Article →What Does the Pandemic Mean for Numismatics?
The reality today is that not only have precious metal prices recovered, especially gold which continues to hover around $1700-1750, but demand for physical gold coins, has exploded to levels most sellers have never experienced.
Full Article →GOLD PRICES headed for their lowest weekly close in 4 in London on Friday, erasing the last fortnight’s gains to trade at $1676 per ounce as stock markets also fell in Asia, the UK and the Americas.
Full Article →Monster Mining Gains Look Good for PMs
For the first time in a very long time, mining stocks are showing leadership. That has profound implications for precious metals markets.
Full Article →Gold prices headed for their highest US Dollar month-end since November 2012 as European stock markets fell after the 19-nation Eurozone’s central bank followed the US Federal Reserve in announcing no new major stimulus or aid
Full Article →What’s Next? Trillion-Dollar Coins?
The massive set of stimulus measures rolled out last month by the Treasury Department and Federal Reserve has left many Americans wanting more… and politicians scheming for new ways to dole out additional trillions in cash.
Full Article →Is This the End of Physical Cash?
Whether it’s the People’s Bank of China or the U.S. Federal Reserve, central bankers are keen on giving themselves more power to manipulate economic outcomes.
Full Article →Nobody in Washington even wants to know exactly where the Fed’s trillions go anymore. The rest of us, however, can make a pretty good guess just by watching CNBC.
Full Article →Gold Steady as Crude Sinks to 21-Year Low
GOLD steadied Monday as stock markets retreated from last week’s gains and US crude oil prices fell to new 21-year lows despite the Trump White House pushing some states to relax Covid Crisis lockdown
Full Article →“The outlook for gold shows a more bullish trajectory than the 2009-2012 cycle” says a research note from Canadian financial services group and bullion dealers Scotiabank.
Full Article →Precious Metals and the Coronavirus
The metals markets are being pulled in multiple directions simultaneously like never before. The global virus-triggered economic freeze has caused industrial demand for all commodities to crater.
Full Article →All Economic Recovery Models Will Be Wrong Too
All medical projection models are being proven wrong. And investors should be skeptical of any particular projection models for the economy or financial markets. They will all be wrong to some extent.
Full Article →As cracks appear in the COMEX story, it is starting to look like a lot of speculators who hold paper gold and hope to redeem that for actual bars could be disappointed.
Full Article →With businesses and Americans defaulting on their rent and other obligations only days into the collapse, the problem is clear: Few have any savings…
Full Article →