Latest Gold & Silver Price News

New Sound Money Caucus Launched on Capitol Hill

New Sound Money Caucus Launched on Capitol Hill

As the federal government continues to bailout the economy and markets by creating trillions of unbacked pieces of paper and electronic digits, a handful of Congressmen hope to shine a new spotlight on the devastating effects of this runaway financial profligacy. Congressman Warren Davidson (R-OH) recently announced the creation of the Congressional Sound Money Caucus.  According to Congressman Davidson’s office, the caucus exists to promote sound fiscal and monetary policy in the United States with the goal of preserving the purchasing power of the U.S. Federal Reserve Note. Monetary policy, especially since the 2008 financial crisis, coupled with the recent federal fiscal response to coronavirus has re-inflated nominal asset prices […]

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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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“Government Sachs” Is Worried About the Federal Reserve Note

“Government Sachs” Is Worried About the Federal Reserve Note

As July comes to a close, gold is up better than 9% for the month and has advanced nearly 30% for the year. Gold’s record-setting rise has been driven by Federal Reserve stimulus, dollar weakness, and strong safe-haven investment demand. Even the Wall Street-centric financial media is taking note: Financial News Anchor #1: Gold is shining once again, this morning. The spot price is touching all-time highs, as the dollar index sits around a two-year low. Financial News Anchor #2: Those gold prices have hit an all-time high. The spot price of gold reaching a record. Gold traditionally surges in times of turmoil. In this case, the economic impact of […]

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Navigating Cynical Politics and Rigged Markets to Investment Profits

Navigating Cynical Politics and Rigged Markets to Investment Profits

It’s a cliché that gets repeated every four years: This is the most important election of our lifetime! Perhaps this one, a national referendum on the presidency of Donald J. Trump, will prove to be so. What we can say with more certainty is that this will be the most cynical election of our lifetime. American politics and the mainstream media’s coverage of it have descended into non-stop tribal spitefulness and vindictiveness. No longer is there any pretense that elections are about what’s best for the country as a whole. What’s bad for the country is often good for politicians, and they can be counted on to do whatever is […]

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Rep. Mooney Seeks to Audit Gold Intervention, Ban Federal Tax on Precious Metals

Rep. Mooney Seeks to Audit Gold Intervention, Ban Federal Tax on Precious Metals

Surreptitious intervention in the gold market by the U.S. government is the target of legislation introduced in the U.S. House of Representatives by Rep. Alex X. Mooney (R-WV). Congressman Mooney just circulated a letter to his House colleagues seeking formal cosponsors and support for his Gold Reserve Transparency Act, H.R. 2559.  The bill calls for a full audit, inventory, and assay of America’s gold reserves for the first time in almost 70 years. But this audit goes deeper… attempting to get to the root of whether, and to what extent, America’s gold has been compromised. Mooney writes: “Because there are concerns the U.S. Treasury may have sold, swapped, leased, or […]

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Coin Shortage Ramps Up War on Cash

Coin Shortage Ramps Up War on Cash

Many retail businesses including grocery stores and fast food restaurants have been wrangling with a national coin shortage. Some are posting notices informing customers that they will need to pay in exact change or use alternative payment methods such as credit cards. What’s driving this scarcity of quarters, dimes, nickels, and pennies? The answer from the U.S. Mint: COVID-19. The virus caused some Mint branches to temporarily slow or suspend production this spring. By May, the total number of circulating coins minted this year came in at around 4 billion, a 1 billion-coin shortfall compared with the same period in 2019. Now as economic activity recovers, there aren’t enough coins […]

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Gold Is Dangerously Under-owned by Americans, Especially Now

Gold Is Dangerously Under-owned by Americans, Especially Now

Far from being mired in the summer doldrums, precious metals markets appear to be on their way to making this summer one for investors to celebrate.  $20+ silver and new record highs for gold are both well within reach. Even as the big tech stocks that make up the Nasdaq are posting rip-roaring gains, the best performing sector of 2020 has actually been the gold miners.  The HUI gold mining stock index is up 30% year to date – and up over 90% since bottoming in March. Investors who bought just about any stock market sector near the climax of the panic selling have since been able to make big […]

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The #1 Question for Beginners in Precious Metals

The #1 Question for Beginners in Precious Metals

More new people may have made their first purchase of physical gold or silver in the past 4 months than in any four-month period in history. This sort of data isn’t reported and tracked. But if our experience as one of the nation’s largest precious metals dealers is representative, we believe that’s the case. We’ve never seen so much retail demand, and a big portion of the buyers are first timers. With the new wave of people entering the market comes a fundamental question lots of them have before they get started: What do I do with the metal after I buy it? Physical gold and silver are useful both as […]

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Gold/Silver Ratio Timeline (1862-2020)

| June 17, 2020 | Category: Price
Gold/Silver Ratio Timeline (1862-2020)

Number of silver ounces worth 1 oz Gold (1862-2020) Courtest of SD Bullion

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Fed Chairman: “We’re Not Even Thinking about Thinking About Raising Rates”

Fed Chairman: “We’re Not Even Thinking about Thinking About Raising Rates”

Market volatility has suddenly spiked in recent days came after the Federal Reserve vowed last Wednesday to keep its benchmark rate near zero through 2022. That’s an unusually long period for the Fed to be projecting rate policy. It reflects the fact that it will take many months and perhaps years for the tens of millions of jobs that were recently lost to return. During his press conference, Chairman Powell stumbled and stammered his way into stating that he would be happy to let inflation continue to rise until the economy approaches full employment. Jerome Powell: We’d be looking to get inflation back up and we’d be prepared to tolerate, uh, […]

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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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Investors Confused as Governors Spur Protests While Keeping Others Locked Down

Investors Confused as Governors Spur Protests While Keeping Others Locked Down

A violent and chaotic week in America’s cities was met with little apparent concern on Wall Street.  For the most part, the stock market continued on its merry way higher. Precious metals markets, meanwhile, are giving back some of their recent gains. It’s no surprise that silver encountered some resistance at $19.  In fact, on May 26th we had pointed to that very level being the next important target for silver in weekly Money Metals News Alert we send out via email every Monday morning. $19 was also the high point for silver in late February before the steep selloff began.  So, this week silver essentially made up for all […]

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Michael Pento: “Central Banks Have Jumped the Shark,” May Even Buy Stocks

Michael Pento: “Central Banks Have Jumped the Shark,” May Even Buy Stocks

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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