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The price analysis last month highlighted how gold was trying to carve out fragile support around $1900 and breakthrough resistance at $1950. Gold found a spark and broke through $1950, but has been unable to hold above it in the wake of “hawkish” Fed comments. Now, $1900 is being tested and should give clues to the next […]
The Silver Institute has released its World Silver Survey 2022 report, providing an overview of what happened in the silver market in 2021 and looking ahead to this year. Even with geopolitical and economic headwinds, the report anticipates further growth in the silver market in 2022.
The Fed faces a real conundrum. Bond yields continue to rise. The only thing that can stop it is a central bank pivot back to rate cuts and quantitative easing. But the Fed needs to raise rates and shrink its balance sheet to fight inflation. In this episode of the Friday Gold Wrap podcast, host […]
We got the CPI data for March this week. As expected, prices spiked significantly again last month. A lot of people in the mainstream are calling it “Putin’s price hike.” Friday Gold Wrap host Mike Maharrey says it would be more appropriate to call it Powell’s price hike. In this episode of the podcast, he […]
Global ETF gold holdings surged in March, charting the third straight month of inflows. Net inflows of gold into ETFs came in at 187.3 tons last month, as total holdings rose to 3,837 tons, just shy of the all-time record high. It was the biggest jump in ETF gold holdings since July 2020, according to […]
Earlier this week, Lael Brainard said the Federal Reserve will run off its balance sheet at a considerably more rapid pace than it did last time around. SchiffGold Friday Gold Wrap host Mike Maharrey thinks Brainard and the rest of the Fed officials suffer from delusions of grandeur if they think they can really pull […]
Russia has quietly made the case for owning gold. The head of the Russian Parliament, Pavel Zavalny, made comments recently addressing the subject of economic and financial sanctions. It’s clear that gold is playing a large role in protecting Russian wealth. That role may get bigger and it could create a paradigm shift in how […]
When you change the definition of words, it can create confusion. This is exactly why politicians have worked so hard to change the definition of inflation. As a result, a lot of people are very confused. In this Friday Gold Wrap podcast, host Mike Maharrey explains how the meaning of inflation has changed and why […]
The Fed threw a pretty weak first punch at inflation with a quarter-point interest rate hike last week. But Fed Chair Jerome Powell followed up with some tough talk this week. The question is what will he do when the economy punches him in the face? In this episode of the Friday Gold Wrap podcast, […]
Data coming from the COMEX could indicate growing pressure for a breakout in gold and silver. COMEX data has shown large deviations for several months. Most of this occurred before Russia invaded Ukraine and these deviations have grown larger since. The invasion seems to have accelerated trends that were already in place.
