RSSCategory: Articles: Gold Silver Prices

US Mint Is Not Raising Prices on Most Silver Eagles (But Market Forces May)

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 […]

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Why Did Precious Metals Get Clobbered This Week?

Why Did Precious Metals Get Clobbered This Week?

Precious metals markets got clobbered early this week as gold and silver broke down from their high-level consolidations. Strength in the U.S. Dollar Index seemed to be the catalyst that got the selling going.  Once key technical levels got breached, the selling intensified. Gold prices fell below the $1,900 level on Wednesday. Meanwhile, silver plummeted below $24 an ounce and traded as low as $22 on Thursday before recouping some of those losses by the end of the trading day. Some of the volatility seen in metals and equity markets in recent days is attributable to the failure of Congress and the White House to agree on a new stimulus […]

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Gold and Silver Are Still Locked and Loaded… Don’t be Out of Ammo

Gold and Silver Are Still Locked and Loaded… Don’t be Out of Ammo

In military terms, the phrase “locked and loaded” refers to “locking” a magazine or cartridge into a firearm and loading a round into the gun’s chamber. A variant is to “lock the safety” and then load a magazine into the weapon. The analogy in his essay is that from a technical (chart) standpoint, the price of gold and silver are building energy to the point that they are getting closer and closer to breaking out of a consolidation pattern and beginning the next impulse in the bullish sequence of higher highs and higher lows. The pullback this week does not negate the outlook for higher prices in the coming weeks […]

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China Unloads Dollars as Gold Tests Support

China Unloads Dollars as Gold Tests Support

Since posting new record highs in early August, the gold market has consolidated above $1,900/oz support. A close below the $1,900 level would carry bearish implications for the near term. Alternatively, a move back above $2,000/oz would likely be followed through to the upside with a rally to fresh highs. Silver, in turn, could be expected to run to new multi-year highs above $30/oz. These breakouts will happen eventually. The relentless mega trend of dollar depreciation (i.e., inflation) ensures hard money will gain value versus fiat Federal Reserve notes. The question is whether a deeper correction occurs first… or the major trend accelerates. Inflation rates may be set to accelerate […]

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Gold & Silver Shine as Fed Targets Bondholders for Capital Losses

Gold & Silver Shine as Fed Targets Bondholders for Capital Losses

As the tech-heavy stock market indexes sold off on Thursday, many investors were forced to re-think their positions. For the past few months, mega cap technology companies like Apple, Amazon, and Tesla have led the market higher. Yesterday they led the market lower. Now the question is: Where can investors look for leadership going forward? As would be expected during big down days for equities, gold held up relatively better. For the week, though, gold, silver, and platinum prices are all down. Palladium has certainly shown leadership within the metals space in recent years. But despite this week’s gains, palladium prices still sit below their highs from February. And despite […]

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Could Buffett Buy 130 Million Ounces of Silver Again?

Could Buffett Buy 130 Million Ounces of Silver Again?

Earlier this week, precious metals markets got a surprising Buffett bounce. Legendary investor Warren Buffett isn’t often associated with gold – at least not in a positive way. In the past Buffett has made derisive comments about the monetary metal. He once quipped that gold “has no utility.” A perpetual optimist on the U.S. economy, Buffett by nature doesn’t like the message that is sent by higher gold prices. He has likened investing in gold to “going long on fear.” Well, the Oracle of Omaha, as he is known, seems to be reluctantly bracing for a return of fear in the markets.  His Berkshire Hathaway holding company recently dumped shares […]

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The Gold and Silver Dam Breaketh

The Gold and Silver Dam Breaketh

Ask precious metals’ holders and chart technicians what in the last 6-8 weeks stands out in their mind and they will point to the breakout of gold and silver above areas which had contained them for almost a decade. Gold rocketed without pause to $2,070. Silver, though still well below record nominal dollar highs, sliced through $26, which was supposed to be a lid on prices until next year. A litany of “price pullers” we’ve long discussed in our essays – government deficit spending, lagging metals’ production vs. exploding demand, and an almost complete absence of big discoveries have all played a part. But these are relative symptoms. I believe […]

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Rising Inflation Fears Transform Precious Metals Demand

Rising Inflation Fears Transform Precious Metals Demand

As Joe Biden announced his VP pick, Wall Street’s hopes for a V-shaped economic recovery were revived by falling jobless claims and the S&P 500 inching closer to an all-time high. Precious metals markets, meanwhile, were hit with a big V for Volatility. This past Tuesday, gold prices plunged by more than $100 in one of the biggest down moves ever for the precious metal in terms of nominal dollars. Of course, that move came off an historically high level of more than $2,000 an ounce. As gold prices rise over time – and we see nothing to suggest that they have topped out here long-term – we can expect […]

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Silver May Be Overextended – But It’s STILL Cheap

Silver May Be Overextended – But It’s STILL Cheap

Silver prices aren’t just rising; they’re erupting! Silver has been ascending at a far steeper rate than the climactic move of 2010-2011 which briefly brought prices back up to all-time nominal highs. Adding a 20-week rate of change (ROC) indicator to the silver futures chart below shows prices gaining 122.4% over that period – far exceeding the rate of ascent of the last big silver spike. After years of being suppressed below $20/oz, then being forced down to an absurd new low during the lockdown, extreme pressures built. Finally, silver erupted like a geyser. Old Faithful at Yellowstone National Park erupts according to a predictable cycle. As intense heat builds […]

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Frank Holmes: “Silver is going to have a sudden, massive move to $50 that everyone will be surprised over…”

Frank Holmes: “Silver is going to have a sudden, massive move to $50 that everyone will be surprised over…”

Mike Gleason: It is my privilege now to welcome back Michael Pento president and founder of Pento Portfolio Services. Michael is 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 it’s always a pleasure to have him on with us. Michael, thanks for the time again today and welcome back. Michael Pento: Thank you so much for having me back on Mike. Mike Gleason: Well, Michael, it’s been a few months since we’ve had you on last and just a little bit has been going on […]

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A New Day Has Dawned for Gold and Silver

A New Day Has Dawned for Gold and Silver

Most resource sector writers (including me) have for a long time been “wrong” about gold and silver. When they ran from $250 and $5 an ounce, respectively, to $1,920 and $49 in 2011, those who listened, acted, and sold a bit did quite well. We argued the “longer time bullish case” as these metals dropped into their final cyclical bear market graves in late 2015. But that was then… and this is now. What we DID get right was that when the Big Turn finally came, it would change directions so swiftly and violently that anyone waiting for “the bottom” would miss it, as rising premiums more than offset declining […]

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Getting on Board the Silver Express!

Getting on Board the Silver Express!

Over the last half year or so, a number of analysts, well-heeled individuals, and mega-hedge fund managers have been taking a shine to silver. So far the “restless metal” hasn’t been letting on that it’s noticed. It’s understandable why someone who either has not yet begun to commit funds to building a physical silver position – or who has not completed his or her ownership program – might think it best to wait and see if the price starts rising, thus validating the silver bulls’ call. But this kind of strategy could end up being a big financial mistake on several counts. And worse yet, Mr. Market could decide to […]

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There’s No Fever Like Gold Fever…

There’s No Fever Like Gold Fever…

In late December 2019, a bill from the German finance ministry – which had passed the lower legislative house – proposed lowering the “anonymous purchase limit” for precious metals from €10,000 to €2,000 (about $2,200), a reduction of 80%. At the current price, one could buy less than one and one-half troy ounces of gold without activating customer ID paperwork, and for businesses – a criminal background check! This is an additional decline from the €15,000 mandated just two years ago. Set to become law in early 2020, the effect was immediate, as long lines outside a coin shop in Cologne show. Some of the world’s largest banks – including […]

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Precious Metals Set to Keep Powering Ahead

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 […]

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