Latest Gold & Silver Price News
Don’t Let the Silver (and Gold) Bull Shake You Off!
Gold and silver exchange-traded funds (ETFs), a measure of large investor interest, are experiencing outflows as opposed to an almost interrupted inflow over the last few months. Mining stocks which either look for or produce these metals have been moving sideways, testing the “mettle” of even perma-bulls. Many investors see these as negative signs. But I view it as a Mr. Market’s last big effort to “shake the tree,” causing as many people as possible to fall off the galloping bull and head for cover. As David Morgan has so aptly – and during times like this, often said, “A precious metals’ bull run (especially that of silver) will either wear you out […]
Globalists Poised for a “Great Reset” – Any Role for Gold?
Although the apparent results of the 2020 election are still being contested, members of the global ruling elite are already looking forward to a post-Trump era in American politics – and a post-vaccine world economy. They have encapsulated their policy agenda for 2021 and beyond into two words: “Great Reset.” The notion of a Great Reset comes directly from the World Economic Forum. The globalist organization has been actively pushing it for months via a series of policy articles on its web site. The Great Reset agenda entails “harnessing the fourth industrial revolution” and “redrawing the geo-political map of the world” in pursuit of an “energy transition” that makes “economies more […]
Media Celebrates after Trump’s Pro-Gold Fed Nominee Gets Blocked
It was only after he entered politics that President Donald Trump began to fully grasp the bias, dishonesty, and fakeness that runs throughout the so-called mainstream media. But gold bugs and sound money advocates have long known to distrust the reporting of establishment news sources. Journalists’ anti-gold and anti-Trump biases converged this week as the Senate took up President Trump’s nomination of Judy Shelton to the Federal Reserve Board. Shelton, a fierce Fed critic and past supporter of a gold standard, drew intense opposition from Senate Democrats. She also faced opposition from Republicans Lamar Alexander, Susan Collins, and Mitt Romney. A path to her confirmation appeared to exist earlier this […]
A Crooked TV-Based “Rare Coin” Dealer Strikes Again
The biggest factor in whether your metals investment will make money will often be whether or not you purchase your metal at a fair price. It is easy to compare prices and avoid getting ripped off, but investors must take the time to do it. If a would-be investor’s first and only call is to (or from) a shady rare coin dealer advertising on television or radio, they are all but certain to get screwed. We’ll share a true story from last week as an object lesson – it’s involving what we’ll refer to as a “television dealer.” Money Metals heard from a woman who had just purchased 631 silver […]
You May Have Overlooked These “Sleeper” Precious Metals
Precious metals markets got off to a rocky start this week as Wall Street celebrated promising developments on the vaccine front. On Monday, stocks surged while gold and silver sold off hard. That selling didn’t bring downside follow through, however. The metals held trading range support levels and pared some of their earlier losses heading into this Friday the 13th. A metal we don’t often talk about traded up to an amazing record high earlier this week. The noble metal rhodium made palladium look dirt cheap by comparison – commanding as much as $15,000 per ounce. Like platinum and palladium, the primary application for rhodium is catalytic converters for cars […]
Is Fed Chairman Powell the Real Election Winner?
As President Donald Trump continues to insist that he will be the winner of the election after all the legitimate votes are counted and the illegitimate ones thrown out, at least one publication has declared a different winner. Not Joe Biden, but Federal Reserve chairman Jerome Powell. The Wall Street periodical Barron’s argued Powell has become a more important figure for markets than whoever occupies the White House. Even as the presidential election outcome has been beset by uncertainty all week, Wall Street didn’t panic. Quite the opposite. Stocks surged on expectations for divided government and gridlock – and four more years of Fed stimulus. The more divided and dysfunctional […]
Get Ready for a Post-Election ‘Fed Wave’ of Inflation
As accusations of voting irregularities mount, President Donald Trump’s legal team is descending on Pennsylvania and Georgia as well as multiple battleground states that have been called by media outlets for Joe Biden. It will be an uphill battle for Trump to get to 270 electoral votes. As of this writing on Thursday morning, the final outcome of the presidential election remains uncertain. One thing that is now certain: Voters denied Democrats the “blue wave” many pollsters and pundits had been forecasting. Instead of a Biden landslide, a takeover of the Senate, and an expanded House majority, Democrats will instead have to share power with Republicans. The promise of divided […]
A New World Monetary Order Is Coming
The global coronavirus pandemic has accelerated several troubling trends already in force. Among them are exponential debt growth, rising dependency on government, and scaled-up central bank interventions into markets and the economy. Central bankers now appear poised to embark on their biggest power play ever. Federal Reserve Chairman Jerome Powell, in coordination with the European Central Bank and International Monetary Fund (IMF), is preparing to roll out central bank digital currencies. The globalist IMF recently called for a new “Bretton Woods Moment” to address the loss of trillions of dollars in global economic output due to the coronavirus. In the aftermath of World War II, the original Bretton Woods agreement […]
Election May Impact Near-Term Action in Gold & Silver
Metals broke out earlier in the year because there has likely never been so many fundamental reasons to buy gold and silver. We’ve seen economic turmoil, political strife, social unrest, a $3 trillion federal deficit, and a dollar weakened by fiscal and monetary stimulus – all happening at once. How the markets finish the year will depend on whether these conditions persist. The near-term bearish scenario for metals would probably have something in common with 2016. Donald Trump wins and investors feel more confident. They could focus on buying risk assets, and they could be less motivated to buy safe-havens assets. This time around, however, the election is not likely […]
Silver’s Coming Double Trigger Shotgun Price Explosion
Even in the competitive hunting/shooting community, few enthusiasts know about an arcane rifle known as a “double trigger shotgun.” Essentially, it’s a double-barrel shotgun having a trigger for each barrel. This was an early day’s design with the triggers located inside the trigger guard, back to front. It was possible to press both triggers at once, causing a double discharge, though for the most part this was not a good idea – since it caused twice the recoil, and was hard on both the shotgun and the shooter – especially if not anticipated. Though this essay is not about shotguns, but rather silver, the above concept provides a perfect analogy […]
America’s Political and Financial Institutions Are Broken
America’s key institutions are broken. More people wake up daily to that reality. They are preparing for the moment this realization dawns on Americans at large, which explains why the markets for physical bullion are so active. Markets certainly aren’t working. Perpetual central bank intervention, rampant Wall Street cheating, high frequency trading, index funds, and many other factors have divorced the price of securities from fundamental realities, such as high unemployment. The adjacent screen capture from CNBC in April says it all about how badly markets are doing at reflecting true economic fundamentals. Washington, DC is dysfunctional and has been for decades. Regardless of anyone’s views on presidential politics, the […]
Goldman Sachs Likes Silver; Trump Wants Even More Stimulus
Gold and silver markets slumped this week as stimulus talks faltered again in Washington. Even though the White House upped its offer to $1.8 trillion, House Speaker Nancy Pelosi refused it – not wanting to give President Trump any kind of political victory ahead of the election. Meanwhile, the President continues to campaign for stimulus. He is bucking Senate Republicans by offering to go even higher than $1.8 trillion. Here’s what President Trump told Stuart Varney of Fox Business on Thursday: Stuart Varney: You don’t expect a phone call from Speaker Pelosi, but you would go higher. How much higher would you go? How much higher would you go? President […]
US Mint Is Not Raising Prices on Most Silver Eagles (But Market Forces May)
Money Metals Exchange has seen a large surge in demand for silver American Eagle coins in recent days. The word on the street was that a hefty $13 price increase was coming, and many wanted to get their coins before prices rose. The news of a price increase isn’t wrong. It’s just that it won’t directly impact anyone except those people buying high-priced coins in specialty packaging directly from the U.S. Mint. The Mint is not currently raising prices on the bullion strike version sold to wholesalers. The uncirculated silver Eagles that bullion investors buy by the millions are not included among the coins subject to the current round of […]
The Fed’s Quest for Higher Inflation: What Could Go Wrong?
The Federal Reserve is warning investors in no uncertain terms that higher rates of inflation are coming. Yet markets, for the most part, have disregarded that warning. Bond yields, for example, remain well below 2% across the entire duration range. Stock market valuations continue to reflect a sanguine outlook for inflation. And crude oil futures suggest limited upside pressure on prices. It seems the Fed has a credibility problem. In August, Fed Chairman Jerome Powell announced that the central bank would begin targeting an inflation “average” of 2%. By the Fed’s measures, inflation has been running below 2% in recent years. So getting to a 2% average in the years […]
