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POSTED ON January 20, 2020  - POSTED IN Key Gold Headlines

Peter Schiff has been saying the Federal Reserve is going to let the inflation monster loose and this is going to be good for gold. Some people in the mainstream are starting to pick up on this theme.

During a recent interview with the Financial Times, Bridgewater Associates co-chief investment officer Greg Jensen said gold could surge over $2,000 as central banks embrace higher levels of inflation.

POSTED ON January 14, 2020  - POSTED IN Guest Commentaries

The war drums have quieted for the time being. But while the threat of a hot war seems to have diminished, economic warfare continues. President Trump announced another round of economic sanctions on Iran.

We have written extensively how about how the US weaponizes the dollar and uses it as a foreign policy tool. This is one of the reasons many central banks are buying gold. The flip side of that equation is also true. The US government uses the military to support the dollar – specifically by controlling oil resources.

POSTED ON January 3, 2020  - POSTED IN Friday Gold Wrap

Gold had a pretty good run in 2019. In fact, it was the best year for the yellow metal in nearly a decade. So what’s in the cards as we rush headlong into the 2020’s? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey looks back at 2019 and highlights some of the things that drove precious metals markets. Then he pivots and looks ahead at 2020 and beyond. Where are we going and what will get us there?

POSTED ON January 2, 2020  - POSTED IN Original Analysis

In 2019, gold had its best year since 2010. Peter Schiff appeared on the RT Dec. 31 and said he thinks the yellow metal should have done even better. And given the current economic conditions, he believes the 20’s will be an explosive decade for gold.

You know, the reason the US stock market went up this year is because the Fed surprised everybody by doing exactly what I had been predicting they would do. They aborted their feigned attempt to normalize their interest rates and shrink their balance sheet. They went back to rate cuts and quantitative easing. This is extremely bullish for gold.”

POSTED ON December 5, 2019  - POSTED IN Key Gold Headlines

Gold is poised to join the “all-time-highs” club in the upcoming decade.

No, this isn’t the musing of some gold-bug. It’s analysis from a pretty mainstream source — Bloomberg Intelligence.

Stocks have set new records over the last several weeks and the dollar hit 2-year highs this fall. But writing in the commodity outlook, Bloomberg Intelligence senior commodities strategist Mike McGlone made the obvious point that stocks and the dollar can’t go up forever. When the tide turns, the reversal could boost gold to all-time highs.

POSTED ON November 6, 2019  - POSTED IN Key Gold Headlines

The central bank gold-buying spree shows no sign of letting up as countries seek to diversify their reserves away from the US dollar.

Globally, central banks added another net 47.5 tons of gold to their reserves in September, according to the latest data from the World Gold Council.

There were no significant gold sales by central banks in September.

POSTED ON October 1, 2019  - POSTED IN Key Gold Headlines

The percentage of US dollars held as currency reserves globally dropped to the lowest level in nearly six years in the second quarter of 2019 according to the latest IMF data. Meanwhile, Chinese yuan made up the biggest percentage of reserves ever.

The dollar’s shrinking share of global reserves comes as countries like Russia and China move toward de-dollarization in an effort to undermine the ability of the US to weaponize the dollar as a foreign policy tool. The global gold rush on the part of central banks is part of this movement.

POSTED ON September 30, 2019  - POSTED IN Data Dependent Series

Here is a summary of some of the significant economic data/news that came out last week.

Third-quarter 2019 new orders for durable goods remain on track for a second annual decline.  August 2019 Real New Orders for Durable Goods showed a monthly gain of 0.2% [1.0% ex-Commercial Aircraft], but an annual decline of 4.9% [down by 2.1% (-2.1%) ex-Commercial Aircraft].

POSTED ON September 23, 2019  - POSTED IN Videos

You have probably heard about the JP Morgan traders indicted in a gold and silver market manipulation scheme. The allegations involve “spoofing.” Traders put in buy and sell orders with the intention of canceling them before execution. By creating false impressions of demand, they could potentially move prices and cash in on their own trades. Meanwhile, JP Morgan has accumulated the most significant physical silver position of all-time.

Peter Schiff recently appeared on RT to explain exactly what’s going on.

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