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POSTED ON July 12, 2022  - POSTED IN Key Gold Headlines

Silver has dipped below $20 an ounce for the first time in two years. But given silver’s fundamentals, the current economic dynamics, and the trajectory of the Fed, silver appears very oversold.

For the next week, you can take advantage of the lowest silver spot price in years, and we’ll even sweeten the deal with free silver with qualifying orders.

There are three good reasons you should take advantage of silver on sale.

POSTED ON July 11, 2022  - POSTED IN Exploring Finance

The US government increased its total debt by $69 billion in June. The average interest rate on all of that debt is also going up, a growing problem for the borrow and spend government.

The Treasury Department continues to roll short-term Treasury Bills into longer-dated securities, allowing $148B in Bills to roll off the debt statement this month.

POSTED ON July 11, 2022  - POSTED IN Peter's Podcast

The mainstream seems to have conceded that the economy is heading toward a recession. But most people aren’t too worried. They seem to think the downturn will turn out short and shallow. In his podcast, Peter explains why the recession will more likely be long and deep. Since people don’t understand the nature of the boom, they can’t understand the nature of the bust.

POSTED ON July 8, 2022  - POSTED IN Exploring Finance

According to the BLS, the economy added 372k jobs in June. This exceeded the 250k market expectations and seems to indicate the labor market is more resilient than the rest of the economy which the Atlanta Fed currently forecasts as being already in recession. While resiliency is a positive sign for the economy, a strong job market will make it harder for the Fed to bring down inflation.

And there are some signs of weakness when you dig into the data – particularly the revisions.

POSTED ON July 8, 2022  - POSTED IN Friday Gold Wrap

The Federal Reserve is putting on quite the tough guy act. Everybody is convinced the central bank is going to keep up the inflation fight even if the economy gets shaky. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Fed’s hawkish messaging and wonders out loud if the central bankers are writing checks they can’t cash.

POSTED ON July 7, 2022  - POSTED IN Exploring Finance

The May trade deficit came in at -$86B. This was another MoM decline but the monthly deficit is still significantly larger than it was at any point before 2022 as shown below. One of the biggest concerns is the Services Surplus contracting by 8.1%.

POSTED ON July 3, 2022  - POSTED IN Exploring Finance

The technical analysis last weekend highlighted that gold looks to be in a bottoming structure. Despite the sell-off this week, $1800 held, which could be another indication that gold is in the process of bottoming, with some final weak hands getting pushed out of the market.

Please note: the COTs report was published 7/3/2022 for the period ending 6/28/2022. “Managed Money” and “Hedge Funds” are used interchangeably.

POSTED ON July 1, 2022  - POSTED IN Exploring Finance

Both silver and gold had their weakest COMEX delivery months in several years.

Gold started July delivery with 937 contracts outstanding. This is the lowest level since November of last year and the second-lowest since the start of Covid (see figure 2).

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