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Last week, we reported on an oft-ignored fundamental in the gold market – the shrinking supply. Mining.com analyzed the data and concluded there are no more easy gold discoveries. In fact, the number of major gold discoveries is shrinking. This week we have further evidence that the supply of gold is being squeezed. In fact, […]
Once again, the Federal Reserve came, saw, and did nothing. This has become modus operandi for the Fed over the last two years. As each FOMC meeting approaches, speculation about a possible rate hike ramps up and then the Janet Yellen does…nothing. The one exception was last December, and that turned out to be a […]
With today’s FOMC announcement that a September rate hike is off the table, it looks like it will be the end of the year before Yellen and company change their monetary policy. It’s business as usual. Yesterday Peter Schiff appeared on CNBC’s Futures NOW in a raucous exchange with setting the record straight about how close […]
Sunny Pannu, director of corporate development for Defiance Silver, a silver explorer and developer, recently sat down with Silver Institute executive director Michael DiRienzo for a wide-ranging discussion about the fantastic world of silver. The discussion focused on the present state of the silver market and its future. Topics ranged from an explanation of how […]
The Federal Reserve stayed pat on interest rates in its most recent meeting, but speculation continues to percolate that the central bank will possibly raise rates in September. Peter Schiff has been saying for months that the Fed won’t raise rates. He reiterated this on his most recent podcast. (Scroll down to listen to the […]
A new study by the Evans School of Public Policy and Governance shows Seattle’s minimum wage increase has also increased unemployment. No surprise there given what happened in Puerto Rico. Basic economics states the higher the price of something, the less that something will be purchased. In the case of Seattle’s experiment of increasing their […]
Over the last year, we’ve reported extensively on the growing influence of China on the world gold market, and the flow of gold from the West to the East. But with uncertainty created by Brexit, economic stagnation, and the proliferation of negative yielding bonds, it appears investors in the West have rediscovered the beauty of […]
The highly-anticipated Rio Olympics begins next week (August 5th), and with it, a race for the gold. Soon, Olympic winners will be standing on the podium donning their gold, silver, and bronze medals and waving towards a roaring crowd. Nothing is more iconic of the Games than these medals draped around the winners’ necks. But […]
Between Jan. 1 and July 11, the price of silver increased 44.7%. But can the white metal maintain its bull run? A prominent mining CEO thinks it can – and will. Mining, Inc. CEO Mitchell Krebs told Kitco News that he expects the precious metals sector to attract even more investor interest through the second […]
After a brief pause in May, the Chinese and Russian central banks resumed their gold buying spree in June. The People’s Bank of China added about 15 tons of gold to its stash last month. The Chinese central bank now officially holds about 58.62 million ounces of gold. China has bought gold in 11 of […]
