Latest Gold & Silver Price News
Michael Pento: THIS ONE THING Will Tell Us When the Bubble Economy Is Bursting…
Mike Gleason: It is my privilege now to welcome back Michael Pento, President and founder of Pento Portfolio Strategies. Michael’s a well-known money manager, market commentator and author of the book, The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. He’s been a regular guest with us over the years and we always love getting his fantastic insights. Michael, thanks for the time again today, and welcome back. Michael Pento: It’s always a pleasure to be on with you. Thank you for inviting me back on the program. Mike Gleason: Well, we’re having a hard time seeing a big move higher in metals prices until one of two […]
Former Fed Official Says Government Can Borrow a LOT More
Narayana Kocherlakota, the former President of the Federal Reserve bank of Minneapolis wants you to know the Federal Government can never borrow too much money. Our government already borrowed $23 trillion and deficits are expected to exceed $1 trillion per year. He knows many Americans feel anxious about the federal government going bankrupt, and he has a simple solution. He just wrote the following in an editorial published by Bloomberg: Policy makers and voters often express concern about the level of the federal deficit, which topped $1 trillion last year, and the national debt, now more than $23 trillion. But, unlike a household that owes money to a bank, the U.S. government […]
Precious Metals Set to Keep Powering Ahead
Precious metals got off to an explosive early start to 2020 as tensions between the U.S. and Iran drove safe-haven buying. Of course, gold and silver markets will need more than a geopolitical flare up to drive a long-term bull market advance. The question for investors is whether the fundamental picture now looks promising or fleeting. In our view, the fundamentals are turning in favor of higher gold and silver prices. From fiscally reckless trillion-dollar deficits in Washington, to a Federal Reserve obsessed with generating higher rates of inflation, to mining supplies of gold and silver tightening, the ingredients for a big bull market are in place. Fed Doubles Down on Higher Inflation […]
Yes, China Is a Currency Manipulator – And the U.S. Banking System Is a Metals Manipulator
The U.S. Treasury Department announced Monday that China is no longer on a list of countries deemed to be “currency manipulators.” The timing was awfully convenient, coming just ahead of an expected Phase One trade deal between the two powers. Nobody actually believes China has stopped manipulating the value of its yuan versus the U.S. dollar. But the Trump administration is apparently willing to accept a certain degree of currency rigging in exchange for other concessions on trade. It’s not as if the U.S. government has a stellar record when it comes to heeding principles of free and fair currency markets. It (through the Exchange Stabilization Fund and other vehicles) […]
Fighting the Fed (and the Crooked Banks) by Holding Gold
Market forecaster Martin Zweig famously warned investors against underestimating the power of the Federal Reserve Bank to control markets. He coined the phrase “Don’t fight the Fed” back in the 80’s. Precious metals investors are wondering if this is still good advice. On one hand, it is pretty hard to argue with that bit of wisdom. The Fed Zweig was referencing had begun taking a more overt role in markets, using interest rates as a tool for managing the economy. Paul Volcker dramatically raised interest rates to put price inflation from the late 1970’s back under control. Zweig hailed from an era of less irresponsible central bankers. He expected them […]
Craig Hemke Makes 2020 Prediction on Gold & Silver, Slams Biased Gold Naysayers
Mike Gleason: It is my privilege now to welcome in Craig Hemke of the TF Metals Report. Craig is a well-known name in the metals industry and runs one of the most highly respected websites in our space and provides some of the best analysis you will find anywhere on banking schemes, global macroeconomics, and evidence of manipulation in the gold and silver markets. Happy New Year to you, Craig. Thanks for coming on and welcome, how are you? Craig Hemke: Mike, it’s always a pleasure. New Year’s started off with a bang, man. I hope it’s not indicative of how crazy this entire year is going to be. We’ll see. Mike Gleason: Yeah, […]
Bullion Banks Used Paper Gold and Silver to Restrain Price Advance in 2019
Gold and silver investors buy metals because they are scarce. Precious metals are by nature difficult to find, and hard to produce. Consequently, above ground stocks are limited and valuable, particularly when priced in unlimited fiat currencies. The bankers and government officials behind these fiat currency systems don’t like stable monetary benchmarks such as gold putting their inflation schemes on full display. They absolutely hate that gold works as a refuge. Inflation is a stealth tax. Instead of overtly raising taxes, politicians simply borrow and print the money needed for more government. They just need people not to notice. Which brings us to the futures markets for gold and silver. […]
Weldon: “This Opportunity Here Is As Good As It Gets…We’re Playing Gold & Silver Very Aggressively.”
Mike Gleason: It is my privilege now to welcome back our good friend Greg Weldon, CEO and president of Weldon Financial. Greg has decades of market research and trading experience specializing in the metals and commodity markets and even authored a book back in 2016 titled Gold Trading Boot Camp where he accurately predicted the implosion of the US credit market and urged people to buy gold when it was only $550 an ounce. He’s made a lot of great calls right here on this podcast this year and it’s great to have him back on with us. Greg, thanks for the time again and welcome. How are you? Greg Weldon: I’m great, Mike. My […]
Supply Crunch Coming as Silver Miners Scale Back
Through the first half of 2019, silver significantly underperformed gold. Put another way, gold gained relative to silver – culminating in the gold:silver ratio registering a 27-year high of 95:1. That market signal was received by the mining industry. Since there are few primary silver producers, and those that do mine silver also typically mine gold and some base metals, precious metals miners had an incentive to invest more into gold production and less into silver. Precious metals analyst Adam Hamilton wrote in a recent commentary, “As silver wasted away in recent years, its bombed-out prices heavily impaired silver mines’ ability to generate operating cash flows and profits. The silver miners […]
Outlook 2020 (Part 2): Key Fundamentals and Technicals for Precious Metals
The first part of our 2020 Outlook covered the Big Picture Backdrop for Precious Metals. This second part focuses on the fundamental and technical setup for gold and silver markets. Precious metals markets enter the New Year with some impressive upside momentum. Are gold and silver poised to deliver big gains in 2020? Before answering that question, let’s review the year-end closing prices and yearly gains the metals recorded in 2019: Gold: $1,519 (+18.9%) Silver: $17.91 (+15.3%) Platinum: $970 (+22.1%) Palladium: $1,954 (+59.5%) Gold and silver each notched their best annual gains since 2010. Meanwhile. platinum emerged from its most deeply depressed levels since 2004 to make a run for […]
Outlook 2020: The Big Picture Backdrop for Precious Metals
The year ahead promises to be an eventful one. It will, of course, be dominated by political headlines leading up to the 2020 election. It could also be a big breakout year for precious metals. In the second part of Money Metals’ 2020 Outlook, we’ll drill down on the fundamental and technical setup for gold and silver… However, in this first part, we’ll set the stage by digging into the macro forces at play in the economy, monetary policy, politics, and geopolitics. Economy Over the summer, the mainstream financial media ran hard with the “recession” angle. A manufacturing slowdown seemed to be afoot. But the main impetus for all the […]
The Signs Swirl All Around Us, so Is the Monetary Reset at Hand?
Article written and contributed by Chris Powell. For most of this decade owning gold and gold-related investments has required the patience of Job, and the sector is so obscure that it is hard to be sure of anything. But for months now the unusual developments have been piling up so much that it may be possible to regain some optimism. There are indications of a shortage of metal not just at the New York Commodities Exchange, where for months now most contracts have been settled through a supposedly “emergency” procedure called “exchange for physicals,” but also in London, the hub of the world gold market, where the usual flow of […]
Will Negative Interest Rates Be the Last Straw?
Zero Interest Rate Policy (ZIRP) was considered “extraordinary” when central bankers rolled that out roughly ten years ago. At that time, people would still have laughed at the idea of negative interest rates. Lenders didn’t pay borrowers and nobody paid their bank to hold their deposits. So much has changed in the past 10 years. Now negative interest rate policies (NIRP) look set to go viral. German banks will soon start toeing the European Central Bank line and pass negative rates on to depositors there. Germans who endured zero interest rates and somehow still want a savings account will now have to pay for the “privilege.” The idea is preposterous, and […]
Jp Cortez: Sound Money State Index Identifies Friends & Enemies of Precious Metals Investors
Mike Gleason: It is my privilege now to welcome in JP Cortez with the Sound Money Defense League, a nonpartisan national public policy organization working to restore sound money at the state and federal level. JP is a proponent of and has studied in the Austrian school of economics and his role at SMDL as Policy Director has him regularly testifying at legislative hearings and speaking at various events around the country. His articles and analysis have appeared in many national news publications including the Washington Examiner, Huffington Post, Mises Institute, Foundation For Economic Education and many more, and he’s a frequent guest on various podcasts and national radio shows […]
