Tag: metals

The Oil Futures Crash Is a Warning to Gold Speculators

The Oil Futures Crash Is a Warning to Gold Speculators

The metals complex showed relative stability this week as the oil market suffered a historic meltdown. West Texas Intermediate Crude crashed 70% at one point this week on the continuous contract, bringing prices briefly below $7 per barrel. By Thursday, prices were trading between $14 and $18 per barrel. The volatility on the May futures contract was even more extreme. On Monday, May futures for crude oil crashed to one dollar, then to zero, then to a few pennies below zero, then to an unbelievable negative $37 per barrel. With the world literally running out of places to store oil, oil contracts for immediate physical offtake represented a liability rather […]

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Supply, Demand, and Depreciation: Key Drivers for Metals as the Economy Reopens

Supply, Demand, and Depreciation: Key Drivers for Metals as the Economy Reopens

The metals markets are being pulled in multiple directions simultaneously like never before. The global virus-triggered economic freeze has caused industrial demand for all commodities to crater. At the same time, mining output is also crashing as virus fears force many mines around the world to suspend operations. What is the “right” equilibrium price for copper, silver, gold, and other metals in an environment of such extreme and unstable supply and demand stresses? The verdict of the market changes – often dramatically – day by day. In March, hard assets tumbled along with stocks as investors priced in increasingly dire scenarios for the economy. A double-digit contraction in U.S. GDP and double-digit spike […]

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Jp Cortez: Sound Money State Index Identifies Friends & Enemies of Precious Metals Investors

| December 20, 2019 | Category: Investing
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 […]

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David Smith: Consider Precious Metals for Insurance First, Profit Second…

| October 11, 2019 | Category: Investing
David Smith: Consider Precious Metals for Insurance First, Profit Second…

Mike Gleason: It is my privilege now to welcome back David Smith, senior analyst at The Morgan Report and regular contributor to MoneyMetals.com. David, good to talk to you and thanks for the time. How are you? David Smith: Same here, Mike. I’m just fine. It’s good to speak with you again. Interesting times indeed. Mike Gleason: They always are it seems. Well, you recently wrote a piece for the MoneyMetals.com site last week in which you termed this most recent correction in precious metals as “the last train out” for bulls. Gold and silver had been trading range bound for years now. We saw a false breakout in 2016 when silver ran do about $1 an ounce […]

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Gold and Silver Facts

| October 3, 2018 | Articles: General
Gold and Silver Facts

Gold and Silver have been useful to mankind since ancient civilization. Even today, we use gold and silver in our everyday lives. But most of the people nowadays don’t know the purpose and the importance of both metals.  Let’s talk further about two of the most important metals ever discovered by mankind.  Here are some amazing facts about Gold and Silver. Gold characteristics Color                           golden yellow Atomic Weight         9665 Normal State            solid Melting Point           18 deg C, 1337.33 K Boiling Point            […]

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