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Market brief

POSTED ON June 12, 2019  - POSTED IN Market brief

The following is a market update as it related to precious metals prepared by SchiffGold intern commodities analyst Jason Mezhibovsky and SchiffGold News managing editor Mike Maharrey.

Equities Overdone

Most mainstream analysts believe we remain in the midst of the longest bull market in history. If you consider the post-crisis S&P 500 low of March 9, 2009, as the beginning of this bull run, then it’s well over a decade long.

Peter Schiff believes the bull market actually ended last fall. He predicted that the December rate hike would be the last. Turns out he was correct in that prediction.

POSTED ON June 6, 2019  - POSTED IN Market brief

The following is a market update as it related to precious metals prepared by SchiffGold intern commodities analyst Jason Mezhibovsky and SchiffGold News managing editor Mike Maharrey.

The price of gold surged this week, moving well above the $1,300 level and pushing close to the highs of the year.

There are several factors at play helping drive the metal above the critical $1,300 level, including the ongoing trade war with China, fears over Mexican tariffs and growing speculation that the Federal Reserve will cut rates.

POSTED ON May 29, 2019  - POSTED IN Market brief

The following is a market update as it related to precious metals prepared by SchiffGold intern commodities analyst Jason Mezhibovsky.

Silver/Gold Ratio Continues to Diverge

The silver/gold ratio continues to diverge, favoring silver as relatively cheap compared to gold at the moment. This presents an attractive opportunity for silver. The white metal could benefit, along with gold, as a “safe haven” asset in a weakening economy with plenty of uncertainty surrounding the trade war and Brexit.

POSTED ON May 28, 2019  - POSTED IN Market brief

The following is a market update as it related to precious metals prepared by SchiffGold intern commodities analyst Jason Mezhibovsky.

Last week, the Federal Reserve released the minutes from its Federal Open Market Committee meeting earlier this month. There weren’t any big surprises. The FOMC indicated that it would continue to take a “patient” approach to its monetary policy, basically stating that it is in no rush to adjust the policy either way for now.

Fed officials seemed to agree that this “do-nothing with interest rates” approach could continue for “some time.”

POSTED ON May 16, 2019  - POSTED IN Market brief

The following is a market update as it related to precious metals prepared by SchiffGold intern commodities analyst Jason Mezhibovsky.

Trade War

Although some pressures on US equities from the trade war have been eased, the S&P 500 is down about 3.8% since the end of April. Stocks rebounded Wednesday with the news that the US and China seem to to be making some progress with trade deal talks and that the US may delay some auto tariffs on the EU.  The Dow was up 115 points and the S&P 500 picked up 16.55 points Wednesday. But stock markets still have not recouped all of their losses from the pressure faced these past two weeks.

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