Latest Gold & Silver Price News

“Is Your State Destroying Your Money?” Asks 2020 Sound Money Index, Released Today

| December 22, 2020 | Category: Economy
“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 […]

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Silver Launches Toward Major Technical Breakout

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 […]

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Fed Recommits to Misleading the Public About Inflation

| December 17, 2020 | Category: Economy
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 […]

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Danger Ahead as Markets Detach from Fundamentals

| December 14, 2020 | Articles: Insights
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 […]

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Markets Rallying on Hope, but Higher Taxes and Inflation Loom

| December 11, 2020 | Category: Economy
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 […]

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Beat the Coming ‘Taxflation’ Tsunami with Precious Metals

| December 10, 2020 | Category: Economy
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 […]

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Is Silver (finally!) Set to “Cross the Rubicon”?

| December 8, 2020 | Category: Technicals
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 […]

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What Happens When Confidence Falls Apart?

| December 7, 2020 | Category: Economy
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 […]

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Don’t Let the Silver (and Gold) Bull Shake You Off!

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 […]

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Globalists Poised for a “Great Reset” – Any Role for Gold?

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 […]

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Media Celebrates after Trump’s Pro-Gold Fed Nominee Gets Blocked

| November 19, 2020 | Articles: Insights
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 […]

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A Crooked TV-Based “Rare Coin” Dealer Strikes Again

| November 16, 2020 | Articles: General
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 […]

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You May Have Overlooked These “Sleeper” Precious Metals

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 […]

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Is Fed Chairman Powell the Real Election Winner?

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 […]

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