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September 13th
- Gold Pullback Risks Mount
- Gold has proven very strong in recent months, powering up to many new records. All these naturally fueled more-bullish sentiment, leaving traders expecting more gains. While this gold bull is indeed likely to rally much higher in coming months, the risks of a…
- Gold Forecast: Recent Breakout Supports $2,800 Price Target
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The ECB cut rates by .25% Thursday, trimming growth expectations for 2024 and beyond. Gold futures exploded through resistance near $2,560, confirming a breakout with a medium-term price target near $2,800.
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September 12, 2024
- August CPI: The Good, the Bad, and the Uh-Oh By Mike Maharrey
- How you read the August Consumer Price Index (CPI) report is a matter of perspective. There is some good news in there for the optimist. There’s some bad news in there for the pessimist – and there’s a lot of “uh-oh” for the realist.
- The First Gold Rush in America: NC’s Golden Legacy By Money Metals Exchange
- In a recent episode of Where the Dogwood Blooms podcast, host Cassie Clark interviewed Joshua D. Glawson, a writer with expertise in politics, philosophy, economics, and precious metals.
- Why Not Write About A Gold Miner? New Gold (NGD) By Gary Tanashian
- Gold miner New Gold (NGD) is recovering nicely. Why not? Why not write some fun to write posts on individual positions (miners or otherwise) once in a while, instead of force feeding macro down the nice readers’ throats all the time? Eh, Gaahh?
- Why Junior Gold M&A is Booming Right Now By Jordan Roy-Byrne
- I’m going to talk about why junior mining is really starting to heat up right now, as we have three big deals in just the last month to go over.
- Moderate Inflation Affirms Fed’s Path to Easing By Alexander William Salter
- Price growth was moderate in August, the Bureau of Labor Statistics reports. The Consumer Price Index (CPI) rose 0.2 percent last month and 2.5 percent over the past year. On a continuously compounded basis, prices grew at an annualized rate of 2.24 percent in…
- Powell Delivers at Jackson Hole. Here’s What Comes Next…By Peter Krauth
- The Jackson Hole Wyoming pow-wow for central bankers is behind us, and Powell didn’t disappoint markets. He said the time has come to start lowering rates, citing a softening labor market and inflation. He thinks they can pull off a soft landing. That would be…
- Easy Fixes for Social Security and Fair Taxes to End Deficits for Good By David Haggith
- The bottom line is we need to pay for everything as we go and stop deficit spending, and there are only two avenues for doing that—raising tax revenues and lowering expenses. The closest we came was during the Clinton years when Bill Clinton wanted to solve the debt…
- Storm Clouds Are Gathering By Brien Lundin
- The winds of change are whipping around me at this moment… as well as for the global market. The perfect metaphor has been placed in my lap. My “Spidey sense” has been tingling for a few days now, warning that storm clouds are approaching in the markets.
- Why Gold Rally Has Paused Over Last Month By Chris Marcus
- It’s been a great year for gold and silver prices, especially on the gold side where the price has been setting new record highs throughout the year. Although the gold price has been flat over the past month.
September 11, 2024
- Gold’s Outlook Before CPI Data By P. Radomski
- The CPI data is going to be released today, so the markets are tense. Gold moved slightly higher, but the very short-term resistance line based on the previous highs keeps gold’s gains in check.
- Junior Resource Companies Own The World’s Future Mines By Richard (Rick) Mills
- A junior resource company’s place in the food chain is to acquire projects, make discoveries and hopefully advance them to the point when a larger mining company takes it over. Discoveries won’t be made if juniors don’t have boots on the ground, if they aren’t out…
- Is GDP an Accurate Measure of Reality? By Frank Shostak
- To gain insight into the state of an economy, most economists rely on a common statistic named the Gross Domestic Product (GDP). The GDP looks at the value of final goods and services produced during a particular period, usually a quarter or a year.
- Consumer Debt Surges Again as Broke Americans Try to Make Ends Meet By Mike Maharrey
- Despite ridiculously high interest rates, Americans can’t seem to put their credit cards away. That’s probably because their savings are gone. They have to make ends meet somehow.
- Banks Cover Gold & Silver Shorts With Gold Still Above $2,500 By Chris Marcus
- Throughout this year’s gold and silver rally we’ve seen the bank short position increase along with the prices of the metals. Yet as we’ve seen a couple of times already, this past week showed some short covering even with the gold price still above the $2,500 level…
September 10, 2024
- Gold: A Correction Of Significance? By Stewart Thomson
- Are investors taking “All the news is in” events seriously? This week’s CPI and PPI inflation reports are likely dovish, and the only real debate now amongst stock and gold market analysts is whether next week’s key Fed meet brings a 25bp or 50bp cut.
- Gold SWOT: Holdings in Gold ETFs Expanded Again in August By Frank Holmes
- The best performing precious metal for the week was gold, off just 0.07%. According to CIBC, Lundin Gold had produced 245,000 ounces gold, tracking in line with full-year production guidance of 450,000-500,000 ounces. First half of 2024 AISC of $872 per ounce…
- How to Hedge Anti-Heroes? By Matthew Piepenberg
- How does one hedge against open stupidity? Left, right or center, our policy makers – from parliaments and executive branches to central banks and think tanks – have taken the world closer to war, immigration disasters, infrastructure failures, credit traps, wealth…
- The Dangers of Money Printing: Thomas Jefferson and the Financial Panic of 1819 By Mike Maharrey
- To steal a phrase from Thomas Jefferson, the Federal Reserve and the U.S. government have buried us under a “deluge of paper money.” We deal with the consequences of this monetary malfeasance every time we go to the grocery store or the gas station. Our rapidly…
- Unveiling Gold Market Manipulation: Insights from GATA’s Chris Powell on Central Banks By Money Metals Exchange
- In a recent episode of the Money Metals podcast, host Mike Maharrey interviewed Chris Powell, the secretary and treasurer of the Gold Anti-Trust Action Committee (GATA) and a longtime political columnist for the Journal Inquirer.
- Gold & Gold Stock Fundamentals Will Be Strongest in 2025 By Jordan Roy-Byrne
- Fundamentals for Gold and gold stocks are quietly strengthening as odds of a major slowdown or recession are rising. Expect fundamentals to be strongest in 2025.
- Gold’s Open Interest Declines, But Price Hasn’t Come In Yet By Vince Lanci
- 2 weeks ago the gold market set a new record for largest bank short position since the CFTC started keeping the data. And in the time since then, we’ve even seen some short covering by the banks at a $2,500 plus gold price.
September 9, 2024
- Record Weekly Declines in Miners and Bitcoin By P. Radomski
- All in all, the USD Index is likely to soar in the following weeks and months, while the commodity sector, as well as precious metals, are likely to decline. Junior mining stocks are likely to fall particularly hard
- The Mistake Many Could Make with Gold Stocks By Jordan Roy-Byrne
- The Sahm Rule recession indicator has been triggered. The yield curve (2s and 10s) has finally un-inverted, which, if it steepens aggressively, is a sure-fire recession signal. Out come the tweets and subscriber emails about buying gold stocks after the downturn.
- Gold Ratios: Proper Gold Mining Macro Takes A Big Step Forward By Gary Tanashian
- Gold’s standing relative to cyclical markets continues to improve, thus, so does the macro backdrop for gold mining equities.
- Sentiment Speaks: Will Kamala Or Trump Cause A Depression? By Avi Gilburt
- This past week, I heard an interview with President Trump, during which he postulated that “this country will go into a depression if she wins the presidency.” Now, believe me, I am no fan of Harris, but I just have to present my perspective that I do not believe…
- Our #1 Bellwether Is at Cliff’s Edge By Rick Ackerman
- I continue to believe the bull market’s fate can be divined simply by paying close attention to price action in Microsoft shares. The company is not only the second-largest in the world by capitalization, slightly behind Apple; it is also the most important.
- Gold Backed ‘Unit’ To Be Discussed At BRICS Meeting In Kazan Per TASS Report By Chris Marcus
- We just got a big piece of gold news ahead of next month’s BRICS summit in Kazan, Russia.
- The Dollar Is In A Secular Bear Market By Gary Savage
- I think the dollar is bearish and it’s just a matter of when the long-term trends are ready to resume, and they may be resuming already, in that the dollar rally that I’m looking for may not materialize for a while. We may even continue down all the way into the …
- Precious Metals Crushed but Gold Strengthens in Real Terms By Jordan Roy-Byrne
- Gold declined by only $3 but Silver declined 3% and the miners lost 6%-10%. There is technical damage but Gold relative to equities is approaching another critical test that could confirm a new secular bull market.