Latest Gold & Silver Price News

Get Ready for a Post-Election ‘Fed Wave’ of Inflation

| November 5, 2020 | Category: Economy
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 […]

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A New World Monetary Order Is Coming

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 […]

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Election May Impact Near-Term Action in Gold & Silver

| October 26, 2020 | Articles: Insights
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 […]

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Silver’s Coming Double Trigger Shotgun Price Explosion

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 […]

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America’s Political and Financial Institutions Are Broken

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 […]

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Goldman Sachs Likes Silver; Trump Wants Even More Stimulus

| October 16, 2020 | Category: Economy
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 […]

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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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The Fed’s Quest for Higher Inflation: What Could Go Wrong?

| October 8, 2020 | Category: Economy
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 […]

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Coin Scammers Strike Again, Get Slammed with Unprecedented Government Lawsuit

Coin Scammers Strike Again, Get Slammed with Unprecedented Government Lawsuit

Bad actors within certain segments of the retail precious metals industry continue to prey on people who are looking to acquire gold and silver bullion. Regulators in 30 different states recently joined together with the Commodities Futures Trading Commission and filed an unprecedented federal lawsuit and enforcement action against a company accused of operating a large-scale precious metals fraud scheme. The company, Barrick Capital (a.k.a. Chase Metals, Metals.com), is accused of targeting mainly elderly customers through traditional and social media. Once they were identified as prospects for buying gold or silver, the victims were apparently subjected to aggressive sales tactics from boiler-room phone banks, pressured to liquidate stocks in their […]

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Trump’s Covid Infection, Bailout Negotiations Raise Uncertainties

| October 2, 2020 | Articles: Freedom
Trump’s Covid Infection, Bailout Negotiations Raise Uncertainties

Precious metals markets are advancing this week as a massive new stimulus bill makes its way through Congress. On Thursday evening the House of Representatives passed a $2.2 trillion coronavirus relief bill on a party line vote. It’s a big deal whenever Congress commits to spending that kind of cash, especially when it’s money that has to be borrowed into existence.  These days, though, it’s not that unusual for Washington to dole out trillions of dollars at a time. The bill in its current form will almost surely die in the Republican-controlled Senate. Meanwhile, negotiations on a compromise bill are expected to continue. Both the White House and Democrat leaders […]

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Debate Debacle: What Biden and Trump SHOULD Have Been Asked

| October 1, 2020 | Articles: Freedom
Debate Debacle: What Biden and Trump SHOULD Have Been Asked

Tuesday night’s presidential debate between Donald Trump and Joe Biden won’t go down as a great moment in the annals of American democracy. That much both camps, as well as independent observers of the chaotic spectacle, can agree upon. The post-debate debate over whose interruptions or insults were most egregious totally overlooked the glaring failure of moderator Chris Wallace to ask any substantive questions about the country’s unprecedented financial predicament. Record budget deficits? Unsustainable debt growth? Open-ended Federal Reserve currency creation? None of these topics that bear down starkly on America’s financial future were even brought up! Whoever occupies the Oval Office for the next four years will have to […]

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DOJ Gives Epstein-like Slap on the Wrist to JPMorgan Chase

| September 28, 2020 | Articles: Freedom
DOJ Gives Epstein-like Slap on the Wrist to JPMorgan Chase

Gold and silver investors may have little in common with Jeffrey Epstein’s teenage victims or violent “Black Lives Matter” rioters, but there is one issue upon which they might all agree. Our system of justice often fails. Department of Justice officials refuse to apply the rule of law fairly. Their dereliction of duty is crushing confidence and generating outrage. Last week, the DOJ ended the criminal prosecution of JPMorgan Chase bank, settling for a $1 billion fine. No high-level executives will be sent to prison, and the bank’s trading privileges will not be limited in any way. Bank executives will simply write a check equivalent to less than 3% of 2019 net […]

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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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