Latest Gold & Silver Price News
Time to ‘Reset’ Your Investment Portfolio in 2021?
World Economic Forum chairman Klaus Schwab vows, “a renewed focus on public health and resilience, net-zero pledges and the arrival of Stakeholder Capitalism Metrics—all but ensure that 2021 will be a new ‘Year Zero.’” If global elites have their way, 2021 will be the year of the “Great Reset.” They believe now, after the coronavirus and lockdown policies have inflicted a heavy toll on the public, is the perfect opportunity to implement their technocratic vision. Their longstanding plans to transform economies in the name of various “sustainability” and “equity” goals are being aggressively implemented. The reset that is coming may not necessarily be the one that globalist central planners are trying […]
A Year Like No Other for Precious Metals… and Everything Else
Well, it’s been a year like no other in so many ways. “Unprecedented” is an often-overused term. But there truly is no precedent for much of what transpired in public health, politics, the monetary system, the economy, and markets. More than 300,000 Americans reportedly lost their lives while infected with COVID-19. Less widely publicized was a spike in deaths of despair due to lockdowns and related social ills that drove all too many into depression and drug addiction. Or the deaths that were caused, or will be caused, by Americans putting off or avoiding doctor’s visits. America’s cities burned while the mainstream media egged on anti-police protests. In their aftermath, […]
Outlook 2021: Supply/Demand Fundamentals for Precious Metals
The supply and demand fundamentals for precious metals markets got thrown into disarray this year, leading to heightened volatility – first on the downside, then on the upside. Although gold and silver will finish 2020 below their highs for the year, gold is still headed for an annual return of close to 25%; silver around 45%. Can hard assets investors look forward to further price appreciation in 2021? Yes, but…there are some near-term risks to the favorable long-term supply/demand outlook. Assuming economic conditions begin normalizing next year, we would expect demand – especially from industrial users – to increase. Mine production would likely rebound as well. The mining industry, like […]
Outlook 2021: Further U.S. Dollar Debasement Ahead
In a year that was marred by a global pandemic and a wave of economic restrictions that crippled many small businesses, financial markets proved to be resilient. Of course, that resilience owes in no small part to the unprecedented outpouring of stimulus from Congress and the Federal Reserve. More stimulus is on the way. On Sunday, President Donald Trump signed the latest COVID relief package into law. Trump had earlier blasted the bill as a pork-laden “disgrace” with inadequate $600 direct payments. Under pressure to avert a government shutdown and keep unemployment benefits flowing, Trump finally relented. And he will continue to push the Senate to take up his $2,000 […]
“Is Your State Destroying Your Money?” Asks 2020 Sound Money Index, Released Today
Precious Metals Dealer, Sound Money Group Rank all 50 States’ Gold and Silver Policies Charlotte, NC (December 16, 2020) — Wyoming, Texas, and Utah are the three most pro-sound money states in the United States, according to the 2020 Sound Money Index. Released today for 2020, the Sound Money Index is the first index of its kind and uses 12 different criteria to determine which states maintain the most pro- and anti-sound money policies in the nation. The Sound Money Index evaluates each state’s sales and income tax policies involving precious metals, whether a state recognizes the monetary role of gold and silver under the U.S. Constitution, whether a state […]
Silver Launches Toward Major Technical Breakout
Precious metals markets are on the move this week. They got a boost following Wednesday’s Federal Reserve policy statement. Fed officials kept their benchmark interest rate near zero and vowed to continue injecting $120 billion per month into the bond market. The central bank seemed unconcerned about bubble-like conditions in equity markets. Nothing seems likely to deter it from pursuing more stimulus for the foreseeable future. The ultra-dovish Fed helped nudge the U.S. Dollar Index down. It broke below 90 on Thursday to record a new low for the year. Dollar weakness energized gold and silver markets. In fact, silver appears to be launching toward a major technical breakout. The […]
Fed Recommits to Misleading the Public About Inflation
Did the Federal Reserve just usher in the next phase of the U.S. dollar’s decline? On Wednesday, the central bank recommitted to leaving its benchmark interest rate near zero for the foreseeable future. Fed officials also vowed to keep pumping cash into financial markets. Following Fed chairman Jerome Powell’s remarks, the wavering U.S. Dollar Index turned down – hitting a fresh new low for the year. Gold gained modestly on the day while silver got a bigger boost to close solidly above $25/oz, promptly heading to $26/oz the day following. Precious metals markets have been basing out over the past several weeks. They are struggling to attract safe-haven demand amid […]
Danger Ahead as Markets Detach from Fundamentals
Americans may start the New Year without certainty as to who will be sworn in as president on Inauguration Day. President Donald Trump and his supporters can’t find courts willing to consider their evidence of widespread voter fraud. Trump is not likely to concede. The battle continues in the courts and in the swing state legislatures. The election isn’t the only issue dividing Americans. The response to the COVID-19 pandemic also has people at odds. Some argue government health authorities should be dutifully followed – and we must submit to restrictions in order to keep hospitals from being overwhelmed. Others are more concerned about the loss of personal liberty and […]
Markets Rallying on Hope, but Higher Taxes and Inflation Loom
For months, including this past week, markets have rallied on hopes for a vaccine and more stimulus – even as the real economy is suffering under expanding virus restrictions and as a stimulus deal keeps getting thwarted by partisans in Washington. Negative divergences are showing up, with market momentum waning and volume thinning in the major averages. Another threat markets seem to be overlooking – at least for now – is that of tax hikes under an incoming Joe Biden administration. More on that in a moment. But first, let’s review this week’s price moves in metals markets. Gold and silver attempted a rally early in the week, but bulls […]
Beat the Coming ‘Taxflation’ Tsunami with Precious Metals
The final weeks of the tumultuous year that has been 2020 present opportunities for investors to get their financial houses in order ahead of the New Year. Nobody knows what 2021 will bring. But new political risks are likely to emerge – including the threats of higher taxes and a more punitive IRS. With control of the U.S. Senate still up for grabs pending runoff elections in Georgia next month, and the final outcome of the presidential race still in dispute, an environment of uncertainty will reign for the remainder of the year. President Donald Trump continues to pursue a longshot campaign to rescind fraudulent election results in multiple states […]
Is Silver (finally!) Set to “Cross the Rubicon”?
History is full of intriguing sayings coming down to us from other cultures that inform our thinking and behavior. “Managing a large state is like cooking a small fish.” – Lao Tzu. “A stitch in time saves nine.” – A 1700’s sewing reference. “Healing is a matter of time; sometimes a matter of opportunity.” – Hippocrates. One I especially like tracks back to Julius Caesar after ending his governance of the Roman province of Gaul and being ordered to disband his army. Under no circumstances was he to come closer with it than a small stream outside of Rome. Yet Ceasar decided to cross the Rubicon and march on the capital, knowing there […]
What Happens When Confidence Falls Apart?
There are intriguing interconnections between the election, the virus, and the markets. While we may never know how deep and wide the political elites’ effort to gain control over our government goes, it appears to be vast. Although it’s still unknown whether fraud altered the overall election outcome, the evidence of fraud is real. Corrupt poll workers and election officials have been identified in numerous locations along with voting machine “glitches.” Some judges seem to be ignoring evidence while affirming Joe Biden’s victory. All the while, the corporate media plus the major social media platforms are working overtime to convince people the “evidence of widespread fraud doesn’t exist.” Some of […]
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 […]
