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POSTED ON July 26, 2019  - POSTED IN Friday Gold Wrap

Markets are basically in “hurry up and wait” mode as they anticipate the Federal Reserve FOMC meeting next week. Will the central bank cut rates as anticipated? Or will Powell and company surprise everybody?

In the meantime, there was some interesting economic and market news to digest this week. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the European Central bank meeting and the continuing surge in silver prices. He also looks ahead toward the next week’s Fed meeting.

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 June 4, 2019  - POSTED IN Key Gold Headlines

The silver-gold ratio has spread to over 89-1. In non-technical terms, that’s way out of whack!

But what does this really mean?

In a nutshell, it means silver is on sale. And right now, SchiffGold has a great opportunity for you to take advantage of this bargain.

For a limited time, you can buy beautiful American Silver Eagle coins at the lowest prices in the US.

POSTED ON April 12, 2019  - POSTED IN Friday Gold Wrap

Gold has been rangebound for months, gyrating up and down around the $1,300 mark. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about this “wash, rinse, repeat” cycle we’re seeing in the precious metals markets and then pivots into a discussion of some more fundamental dynamics. Mike touches on the financial condition of the US federal government, surging central bank demand for gold and the positive dynamics he’s seeing in the silver market.

POSTED ON February 26, 2019  - POSTED IN Key Gold Headlines

Investors are gobbling up American Silver Eagle coins. Sales were so brisk last week that the US Mint temporarily suspended orders when its inventory ran out.

February sales this year have already doubled 2018 levels. As of Feb. 26. the mint had sold 2,157,500 Silver Eagles this month. That compares with 942,500 coins in February 2018. This represents a whopping 118% year-on-year sales increase.

POSTED ON December 4, 2018  - POSTED IN Key Gold Headlines

According to the US Mint, demand for American Eagle Silver Coins surged last month. The mint sold 1.65 million ounces of silver in November. That represented a 15% increase over October sales and a whopping 327% increase over November 2017.

Perhaps investors are recognizing the tremendous upside potential for silver. After all, the silver-gold ratio hit a quarter-century high last month. That signals the price of silver is out of whack.

But there are even more fundamental reasons to own silver in our updated report “The Powerful Case for Silver.

POSTED ON November 14, 2018  - POSTED IN Key Gold Headlines

The silver-gold ratio hit the highest level in over a quarter century this week.

The ratio hit to 86:1 as dollar strength pulled both the price of silver and gold lower this week after the Federal Reserve indicated it plans to keep pushing interest rates higher. The price of silver fell even more steeply than the gold price. A research note by Commerzbank said it was that largest gap between the two metals in 25 years. Practically speaking, this means silver is undervalued compared to gold.

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