Money Metals' Weekly Market Wrap: Recent Episodes
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As President Joe Biden touts “Bidenomics,” ordinary Americans continue to feel the pinch of “Bidenflation.” Meanwhile, the Federal Reserve’s ongoing efforts to fight inflation have Investors fearing more rate hikes to come.
Precious metals markets continue to probe for support levels as the summer doldrums set in. Gold futures tested the $1,900 level on Thursday before getting a bit of a bounce. As of this Friday recording, the monetary metal checks in at $1,928 per ounce, up slightly for the week.
Welcome to this week's Market Wrap Podcast, I'm Mike Gleason. Hawkish posturing from Jerome Powell is putting downward pressure on precious metals markets. The Federal Reserve chairman testified before Congress this week on the subject of U.S. monetary policy. Powell said persistently high inflation remains a top concern.
As the Federal Reserve begins to back off on tightening, the U.S. dollar is becoming increasingly vulnerable to selling. The Fed left its benchmark interest rate unchanged at just above 5% at this week's policy meeting. It was the first time in over a year that central bankers decided not to hike.
Precious metals markets are getting a bit of a lift this week as investors anticipate a pause in the Federal Reserve’s rate-hiking campaign.
Precious metals markets are rallying strongly this week on dovish signals from central bankers. Federal Reserve Chairman Jay Powell said in a statement that the Fed would "moderate" the pace of rate hikes. Investors interpreted that term as a sign that monetary policy is moving in a more dovish direction.
As warning signs for the economy mount, investors are cheering for more bad news. That's because they expect economic weakness will force the Federal Reserve to stop raising interest rates and eventually re-embrace loose monetary policy. One reliable indicator over the years of an upcoming recession is an inverted yield curve. An inversion occurs when short-term interest rates rise above long-term rates.
Investors finally got some good news this week on the inflation front. Thursday's Consumer Price Index report showing price level increases moderating somewhat sent stocks, bonds, and precious metals all soaring.
Precious metals investors remain cautious following the Federal Reserve’s latest jumbo rate hike. On Wednesday, the Fed announced another three-quarter point bump up on interest rates. It’s the sixth straight hike by central bankers and brings the Fed funds rate up to 4%. That’s the highest it has been since 2008.
As investors weigh conflicting economic data and the prospects for a Fed pivot, precious metals markets are quietly basing out. This week gold made a small move to the upside before pulling back here today. As of this Friday recording the monetary metal is registering a weekly loss now of 0.8% to bring spot prices to $1,651 per ounce.
Precious metals markets are giving mixed signals this week as interest rates continue to spike. The yield on the benchmark 10-year Treasury note now stands at 4.2%. That's a 14-year high. And since mortgages and many other types of loans are keyed to the Treasury market, borrowers are facing major financing pains. Many prospective home buyers have now given up trying to make a purchase.
As new inflation data pushes the Fed toward continuing with rate hikes, precious metals markets are struggling to make headway. On Thursday, the government released Consumer Price Index data for September. The so-called core CPI, which excludes food and energy, increased 6.6% from a year ago. That’s the highest core inflation reading since 1982.
Gold and silver markets are kicking off trading for the fourth quarter with a long-awaited rebound, although they are giving back a good chunk of those gains here today on a better-than-expected jobs report and fears of more rate hikes.
Another tumultuous week of trading in asset markets is raising hopes for a peak in the U.S. dollar and a bottom in precious metals. The Federal Reserve note spiked again versus the euro and other troubled foreign currencies on Monday before pulling back sharply mid-week
Precious metals markets are trying to hang tough this week despite another large rate hike by the Federal Reserve… that was at least the line as of yesterday’s close.
As rate hike fears drove heavy selling on Wall Street this week, precious metals investors are finding some silver lining amid the storm clouds. Worse than expected inflation data has put a 75 basis-point rate increase firmly back on the table. Futures markets are now pricing in the possibility that the Federal Reserve will move by a full percentage point, though a three-quarters of a percent move is currently viewed as more likely.
As Federal Reserve chairman Jerome Powell vows to keep fighting the high inflation he helped unleash, investors are also weighing evidence of a weakening jobs market. Gathering signs of a recession could cause the Fed to dial down future rate hikes.
Gold prices fell to test the $1,700 level on Thursday. As of this Friday recording, the monetary metal is back up above $1,700 and currently trades at $1,721 an ounce – down 1.4% for the week.
As central bankers from around the world gather in Jackson Hole, investors are bracing for more rate hikes to come. The Federal Reserve is poised to hike again in September to try to cool inflation. Meanwhile, the Biden administration is bent on flooding the economy with more deficit-financed stimulus. This week President Joe Biden announced a massive student loan debt forgiveness program.
Precious metals markets are giving up ground this week as investors react to the latest musings from the Federal Reserve. On Wednesday, the Fed released the minutes from its latest policy meeting. Officials acknowledged some of the warning signs of a weakening economy. That suggests they are likely to scale back future rate increases rather than implement additional 75 basis-point hikes.
Precious metals markets continued rallying early this week. They gave back some of their gains on Thursday. As of this Friday recording, gold prices are up 1.0% for the week to trade at $1,803 an ounce. The silver market shows a weekly gain of 3.1% to bring spot prices to $20.74 an ounce. Platinum is up $20 or 2.1% since last Friday’s close to come in at $971. And finally, palladium is moving higher this week by a robust 5.9% to command $2,309 per ounce.
Saber rattling by the Chinese Communist Party stoked investor fears early in the week. CCP officials felt aggrieved by House Speaker Nancy Pelosi’s visit to Taiwan, which China claims as part of its territory. They performed provocative military exercises around the island.
As the economy heads into what looks an awful lot like a recession, gold and silver markets are making a comeback. Chairman Jerome Powell said the Fed could hike again at its next meeting depending on the economic data. Powell admitted that the economy is slowing but continued to insist it isn’t in recession.
After several brutal weeks of selling in precious metals markets, bulls are seeking a catalyst for a potential turning point. They may have gotten one via currency markets. On Thursday, the European Central Bank raised its benchmark interest rate for the first time in 11 years. The ECB's larger than expected 50 basis point rate hike came amid spiking inflation and a plummeting euro exchange rate.
Another pair of alarming inflation reports jolted markets this week. There are major warning signs for the economy. As both businesses and consumers are forced to tighten their belts, a slowdown looms.
Fears of further Fed tightening continue to weigh on metals markets. The Fed has abruptly pivoted from insisting inflation is transitory to scrambling to prevent it from becoming entrenched. But worsening economic conditions may force it to pivot abruptly again to try to stave off a recession.
As trading kicks off for the month of July and the second half of the year, investors are hoping for a third quarter rebound. It’s been a brutal year so far in financial markets. The S&P 500 is down over 20%. Bitcoin has crashed by 60%. Bonds have provided no safe haven amid hot inflation. And spiking mortgage rates point to a potential calamity in the housing market.
As Congress sought answers from Federal Reserve chairman Jerome Powell this week, investors are seeking buying opportunities in oversold markets. Stocks did manage to bounce on hopes that the worst of the inflation spike might be behind us. Precious metals, meanwhile, struggled to gain any upward traction.
A tumultuous week for financial markets has precious metals investors experiencing at least some relative stability. Wall Street is getting slaughtered by surging inflation, accelerating Fed rate hikes, and gathering economic storm clouds. These forces collided this week to send the S&P 500 down over 6%.
Precious metals markets enter summer trading with investors looking for signs of a directional move. Gold and silver prices consolidated this spring with silver showing more of a downside bias. Silver did find 200-week moving average support in early May, however. That long-term trend indicator is also now heading in an upward direction. So, there is a good chance that the lows for the year are in.
As the Biden administration scrambles to try to contain inflation – or at least make a public relations show of it – precious metals investors are wondering how much longer gold and silver prices will remain contained.
As global elites met in Davos this week to discuss their latest plans for a Great Reset, ordinary investors are hoping for a great rebound in their portfolios.
The converging forces of price inflation and economic contraction continue to weigh on asset markets. The Dow Jones Industrials got clobbered by 1,000 points on Wednesday and is headed for its eighth weekly loss in a row.
Elevated inflation readings and stock market turmoil continue to inflict pain on investors. Some are hoping for a quick turnaround. Others are just looking for a place to hide.
As turmoil in financial markets unnerves investors, a larger economic crisis may be starting to unfold. The Federal Reserve’s first steps toward tightening monetary policy are exposing vulnerabilities in the highly leveraged economy. The Fed spent years injecting the economy with artificial stimulus. Now it is trying to take that stimulus away without causing a crash.
The strange phenomenon of a rising Dollar Index continued to exert downside pressure on precious metals markets this week. Gold prices are down 1.2% since last Friday’s close to come in at $1,915 per ounce. Silver shows a weekly loss of 4.8% to trade at $23.25 an ounce. Platinum prices are up now by 1.0% thanks to a rally here today and come in at $940. And finally, palladium checks in at $2,339 per ounce after falling 3.6% for the week as of this Friday morning recording.
Tough talk from the Fed roiled markets yesterday, with stocks as well as precious metals getting hit. As of this Friday recording, gold is off 2.1% for the week to trade at $1,939 an ounce. Silver shows a weekly loss of 5.8% to bring spot prices to $24.42 an ounce. Platinum prices are trending lower by nearly $70 or 6.7% since last Friday’s close to trade at $942. And finally, palladium is actually up by 1.2% this week to check in at $2,450 per ounce.
Another set of troubling inflation reports are generating political shockwaves and roiling financial markets. On Tuesday, the Bureau of Labor Statistics released the latest Consumer Price Index report. The CPI topped last month’s reading to come in at an annual rate of 8.5%.
As the Federal Reserve ramps up its rhetoric on rate hikes, precious metals markets continue to consolidate. Gold and silver showed some signs of basing out and readying to moving higher with a rally on Thursday. As of this Friday recording, gold prices come in at $1,951 an ounce – up 0.9% for the week. Silver, meanwhile, is putting in a slight weekly gain of 0.3% to trade at $24.97 per ounce.
Precious metals markets enter trading for the second quarter with favorable fundamental drivers in place. Inflation pressures and war-related fears helped the gold market post gains during the first quarter. However, prices for the precious metal have come off their spike highs from early March.
As Russia’s war in Ukraine continues to rage, so does inflation in the United States and around the world. The current geopolitical crisis could morph into a full-fledged economic crisis if food and energy shortages spread. World leaders don’t seem to have a handle on how to prevent such a crisis from unfolding, but they do see an opportunity to push grandiose agendas.
Precious metals markets sold off ahead of this week’s Federal Reserve policy meeting. But after Fed officials announced their rate hike, prices recovered somewhat. As of this Friday recording, the gold market is putting in a weekly decline of 2.8% to bring spot prices to $1,941 an ounce.
Another volatile week of trading saw precious metals markets rally to new highs for the year on Tuesday before suffering a sharp drawdown on Wednesday and more selling here today.
Global markets are in turmoil as the Russian invasion of Ukraine triggers nuclear fears. Inflation fears are also being triggered. Crippling economic sanctions imposed on Russia are constricting exports of oil and other commodities.
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Rising geopolitical and inflation risks brought heightened volatility to markets this week. Russia’s military incursion into Ukraine is being described as the worst attack on a European nation’s sovereignty since World War II.
Well, what a week for the gold market! The monetary metal gained $30 on Thursday to close at $1,900 for the first time since last spring. As of this Friday recording, gold prices are coming in at $1,899 per ounce -- good for a weekly gain of 1.8%.
Another hotter than expected inflation report jolted markets this week. On Thursday, the Labor Department released the latest Consumer Price Index report. The CPI surged 7.5% in January from a year earlier. That exceeded most forecasts and marked a new four-decade high for consumer price increases.
As market volatility continues to unnerve investors, a major rotation away from frothy assets and into quality assets appears to be playing out. Over the past few months, overbought innovation stocks, overripe meme stocks, and overhyped cryptocurrencies have significantly underperformed. But Big Tech stalwarts like Apple have continued to hold up relatively well.
Gold and silver markets took a hit this week following the Federal Reserve’s meeting announcement. Although Fed officials didn’t make any policy changes, they did strongly suggest that they will hike their benchmark interest rate in March.
This week is shaping up to be a pivotal one for precious metals markets with some breakout price action on the board. As the U.S. stock market got pounded, hard assets perked up on safe haven buying.
Another set of bombshell inflation reports rattled markets this week. On Wednesday, the Bureau of Labor Statistics released data showing consumer prices continue to rise at the fastest rate since 1982. The all-items index has risen 7% for the past 12 months ending in December. The energy index rose a staggering 29% over the last year.
Precious metals markets are ringing in the New Year on a bit of a down note. Despite seeing some strength in late December, gold and silver prices retreated in the first few trading days of 2022. As of this Friday recording, gold is down 2.2% for the week to trade at $1,793 per ounce. It seems that every time the yellow metal breaks above the $1,800 level and raises hopes for a rally, prices get pulled back down into the trading range that has been in force since last summer.
Happy New Year and welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. In this special year-end edition of the Money Metals podcast, we’ll look back at the year that was and look ahead to the year that might be in 2022.
Even as Omicron casts a smidge of doom over markets and upcoming Christmas celebrations, precious metals investors are feeling at least some holiday cheer this week.
As the Federal Reserve prepares to taper its asset purchases, investors are preparing to adjust their portfolios. Some are dumping gold. They could be making a big mistake. Sentiment toward precious metals turned negative as prices fell over the past few weeks. Gold and silver markets continued to slide ahead of the Federal Reserve’s policy meeting on Wednesday.
Gold and silver markets are coming under pressure again this week as investors weigh economic growth prospects against the risks of inflation and deleveraging. As to the economy, stocks saw a bounce back early in the week on renewed optimism.
As Omicron concerns continue to unnerve investors, precious metals markets suffered another setback. Volatile trading in the stock market this week is failing to give a safe-haven boost to gold and silver. A different set of fears seems to be driving traders away from metals. The Federal Reserve is signaling that it may move more rapidly to shrink its balance sheet.
On this special mid-week edition of the Money Metals podcast ahead of the Thanksgiving holiday, we’ll cover the sudden setback in precious metals markets.
Precious metals markets pulled back a bit this week as the U.S. dollar strengthened versus foreign currencies. As of this Friday recording, gold prices check in at $1,864 an ounce, down just 0.3% for the week. The big breakout above $1,800 remains in force, so until proven otherwise the larger trend does remain bullish.
Gold and silver markets are registering big breakouts this week as the latest reports on inflation send shockwaves through the Biden administration.
Precious metals markets reacted this week to news of the Federal Reserve’s tapering plans. The Fed didn’t deliver any real surprises, though. It left interest rates unchanged as expected and confirmed that it would gradually cut back on monthly asset purchases.
As trading closes out for October ahead of Halloween, the specter of inflation is haunting markets. While some investors still cling to the hope that it will be transitory, a growing number are now worried that pricing pressures and even shortages will intensify heading into Christmas –
Gold and silver markets continue to gather upside momentum as inflation pressures spread throughout the economy.
A big week for precious metals markets as inflation pressures push consumer prices to painful new heights. On Thursday, the U.S. Labor Department reported that inflation at the wholesale level is up 8.6% from a year ago. That’s the steepest annual advance since the data started being reported.
As Congress finally came to an agreement on Thursday to temporarily lift the debt ceiling, investors breathed a sigh of relief. The stock market bounced, and commodity indexes ran up to new multi-year highs. Precious metals markets, meanwhile, staged modest advances after showing virtually no reaction to the preceding debt drama in Washington.
As trading kicks off the month of October, many investors are looking for a place to hide. The U.S. stock market got slammed on Thursday to finish out the month and the quarter on a down note. The S&P 500 fell 5% overall in September. Bonds also fared poorly last month as yields rose.
Debt troubles in China and Washington, D.C. helped boost safe-haven demand for precious metals early this week. By Thursday, however, investors piled back into stocks and sold safe-havens again.
Precious metals markets got dealt a technical blow after gold and silver sold off on Thursday. Stronger-than-expected economic reports boosted the U.S. Dollar Index, which in turn gave futures traders all the rationale they needed to pound longs with sell orders.
Well, it’s been a bit of a frustrating week for gold and silver bulls. Precious metals markets failed to follow through on their recent strength and traded lower through Thursday’s close.
Will this September be one to remember in the markets? It is often characterized by rising volatility heading into the fall. September also often ushers in a period of seasonal strength for precious metals markets.
Precious metals markets are rallying on some early Friday remarks from Jerome Powell. The Federal Reserve chairman is speaking at the Jackson Hole virtual gathering of central bankers Friday and Saturday, and he started off by emphasizing the view that high inflation readings will come down soon.
A rising U.S. Dollar Index is putting downward pressure on hard assets markets this week. Dollar bulls are counting on the Federal Reserve to start tightening its ultra-loose monetary policy. They expect the Fed to begin tapering its monthly asset purchases later this year.
After getting off to a rough start to open the week, precious metals markets appear to be stabilizing. Gold and silver prices got walloped in a futures selling raid ahead of Monday’s market open. Some leveraged speculators who faced margin calls had to sell long positions to raise cash.
As the U.S. Senate moves closer to passing a trillion-dollar spending bill that includes some infrastructure priorities, critics are warning that the public is being taken for a ride. President Joe Biden and his allies in Congress have actually claimed that the new spending won’t add to the national debt or increase pressures on inflation. Treasury Secretary Janet Yellen pitched the package as an investment in the economy.
The summer doldrums in precious metals markets have tested the patience of bulls. The silver market has been hit especially hard in recent weeks, but price stayed above the $24 level and avoided dipping to new lows for the year.
As the summer doldrums drag on, precious metals bulls are eying potential support levels for a seasonal bottom. The gold market found support at the $1,750 level last month and has since been trading with a slight upside bias. Although the price action hasn’t been especially exciting, base building in these summer months can be a healthy technical process in the context of a larger bull market.
This week, the Federal Reserve launched another barb in the brewing currency war. Fed Chairman Jerome Powell said a central bank digital currency could render cryptocurrencies such as Bitcoin useless. Those comments came on the heels of an announcement last month by the U.S. Treasury that it could soon force businesses receiving more than $10,000 in crypto payments from a customer to file an IRS report on the transaction.
Precious metals markets are putting in a mixed performance this week as inflation uncertainties drive divergences across other asset classes. The bond market is rallying strongly in spite of the Fed’s apparent plans to taper its Treasury purchases in months ahead. Bond buyers are betting that inflation won’t be a problem for years to come.
Gold and silver bulls attempted to start a rally this week, but prices were capped by a strengthening U.S. Dollar Index.
As unsustainable government spending and debt raised alarms in Washington this week, precious metals markets showed some signs of firming up. After last week’s price drubbing, gold and silver were at risk of breaching major support levels. And while they aren’t out of danger just yet, the metals markets appear to be attracting buyers at these levels.
Well, precious metals markets got absolutely slammed on Thursday. The selling rout followed statements put out by the Federal Reserve suggesting that tapering and rate hikes could come sooner than previously expected.
As inflation continues to heat up, gold and silver markets are once again on the verge of breaking out. On Thursday, the Bureau of Labor Statistics released its much-anticipated Consumer Price Index data. The CPI came in at a full 5.0% year-over-year through May.
Precious metals markets are making modest advances in this final trading week of May. U.S. markets will be closed on Monday in observance of Memorial Day. During the extended weekend, millions more Americans compared to last year are expected to hit the road for travel. They will be confronted with pain at the pump as gasoline prices have risen to over $3.00 per gallon in most parts of the country.
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. This week gold and silver markets built on their recent breakout advances. Gold prices are up 1.6% since last Friday’s close to come in at $1,881 an ounce as of this Friday recording. Near-term, traders will be eyeing $1,900, then $1,950 as potential resistance levels. Once cleared, the gold market should be set to challenge its all-time high from last summer at $2,075 an ounce.
Part 2 of a recent interview Money Metals President Stefan Gleason gave with Palisades Gold Radio. Stefan discusses dealer and investor harassment laws maintained by certain states, talks additional sound money initiatives at the state and federal level, including legislation requiring a true audit of America’s gold.
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. The long-awaited breakout in gold and silver may finally be upon us.
Coming up we’ll hear part 1 of an interview Money Metals President Stefan Gleason gave with Palisades Gold Radio. Stefan talks about sound money and the big inflation scam being run by the Federal Reserve – plus, he provides a detailed inside look at legislative efforts underway at the state level to reaffirm gold and silver as money, remove taxation, and protect investors.
The gold market tested a key level this week. On Wednesday, prices rallied up to $1,800 an ounce. The following day, sellers came in to prevent gold from breaking out. As of this Friday recording, the monetary metal trades at $1,782 an ounce and is unchanged now for the week.
Gold and silver markets are exhibiting more signs of breaking out into a rally. On Thursday, bond yields pulled back sharply. That helped fuel a new record in the Dow Jones Industrials. But the precious metals sector was an outperformer on the day, with mining stocks leading gold prices to a fresh multi-week high.
Precious metals markets are struggling to breakout this week. Through Thursday it appeared that a breakout was in place but we’ve seen a bit of pullback here on Friday to throw a bit of water on the breakout idea.
Gold and silver markets sprung higher on Thursday as April and second quarter trading kicked off. After suffering losses in the first quarter, precious metals may now be due for a spring rally.
Precious metals markets are struggling against the headwind of a rising U.S. dollar this week. The dollar index broke out to a four-month high on Thursday. Neither a much-awaited fall in bond yields nor dovish remarks from Federal Reserve officials dissuaded currency traders from buying Greenbacks and selling other fiat currencies.
Gold and silver markets gyrated up and down following the Federal Reserve’s policy meeting on Wednesday.
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. As Washington prepares to pump another $1.9 trillion in stimulus into the economy, asset prices are lifting. From food to housing to equities to precious metals, inflationary pressures are being felt in all markets this week.
As financial markets sold off this week, precious metals got dragged down in the selling. The culprit, once again, was rising bond yields.
As financial markets gyrated this week, Federal Reserve chairman Jerome Powell touted the U.S. dollar as a form of “sound money.” More on that incredible take in a moment.
Spot gold prices are down 2.3% since last Friday’s close to trade at $1,790 an ounce as of this Friday recording. During this week’s selloff, gold revisited its lows from last November. A support level exists at $1,750, but momentum selling could take prices down a bit further before technical gauges flash deeply oversold signals.
Attention in the metals markets shifted this week from silver to copper and platinum. While big moves in silver and gold prices may be coming down the road, the monetary metals are currently taking a back seat to electrical and automotive metals.
Coming up we’ll hear part of an enlightening and comprehensive interview of Money Metals president Stefan Gleason on Arcadia Economics regarding the recent fireworks in the silver market, the shortage of physical supply of minted coins, rounds and bars, and why a short squeeze has not yet occurred in the silver price on the heels of an explosive GameStop situation over the past two weeks. So, stick around for this informative conversation, coming up after this week’s market update.
The big story wasn’t the Federal Reserve’s policy announcement or any other actions by central planners. Instead, all eyes were on a loosely connected group of traders who gather on internet discussion boards to plot purchases of depressed stocks such as GameStop.
As a new administration took power in Washington this week, investors weighed new opportunities as well as new risks. The Biden administration promises to undo much of the policy agenda President Donald Trump had implemented. However, those expecting a new era in American politics are likely to be disappointed – or relieved, depending on their perspective.
As investors await the incoming Biden administration and the uncertainties that a transition of power may bring, precious metals markets regained some ground through Thursday’s close but have pulled back again today, especially silver and platinum.
Happy New Year and welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. In this first trading week of 2021, a new investment theme appears to be emerging. That theme can be summed up in a single word – reflation.
In this special year-end Market Wrap, we’ll take a look back at the year that was in precious metals… and look ahead to what might take shape in 2021.
On this special Christmas Eve edition of the podcast, we unfortunately have to report that Washington politics and fears of a surging virus are threatening to spoil holiday cheer. Earlier this week, Congress agreed to send millions of Americans a much-delayed stimulus check. But the gift went over like a lump of coal.
Precious metals markets are on the move this week. They got a boost following Wednesday’s Federal Reserve policy statement. Fed officials kept their benchmark interest rate near zero and vowed to continue injecting $120 billion per month into the bond market.
As investors anticipate a successful vaccine rollout and an economic rebound in 2021, bullish sentiment pushed some sectors of the stock market to new highs this week. But negative divergences are showing up, with momentum waning and volume thinning in the major averages.
Gold and silver markets are recovering impressively in this first week of December. After slumping last month to erase most of this summer’s big gains, gold shows a gain of 2.7% since last Friday’s close to trade at $1,842 per ounce.
As the Dow Jones Industrials surged to the stratospheric 30,000 level during this holiday-shortened trading week, traders continued to unload gold positions.
Gold and silver markets continue to test support levels as investors await the next directional move in the U.S dollar index. The dollar gave up ground during the week of the election, but it hasn’t quite yet broken down to a new low for the year. Perhaps currency traders are waiting for a new stimulus package to be rolled out by Congress or the Federal Reserve.
Precious metals markets got off to a rocky start this week as Wall Street celebrated promising developments on the vaccine front.
As President Donald Trump continues to insist that he will be the winner of the election after all the legitimate votes are counted and the illegitimate ones thrown out, at least one publication has declared a different winner. Not Joe Biden, but Federal Reserve chairman Jerome Powell. | Do you own precious metals you would rather not sell, but need access to cash?
Volatility is ramping up ahead of next Tuesday’s all-important election. Equity and precious metals markets got hit earlier this week on lockdown jitters. New virus restrictions in Europe and fears of a devastating second wave in the United States caused investors to place sell orders.
All asset classes are reflecting uncertainty ahead of the election. Investors seem to be as undecided as voters in the swing states.
Gold and silver markets slumped this week as stimulus talks faltered again in Washington. Even though the White House upped its offer to $1.8 trillion, House Speaker Nancy Pelosi refused it – not wanting to give President Trump any kind of political victory ahead of the election.
Precious metals investors faced choppy market seas this week. Gold bobbed to a slight decline while silver essentially treaded water through Thursday’s close. Both are advancing here today. | Do you own precious metals you would rather not sell, but need access to cash?
Precious metals markets are advancing this week as a massive new stimulus bill makes its way through Congress. On Thursday evening the House of Representatives passed a $2.2 trillion coronavirus relief bill on a party line vote. It’s a big deal whenever Congress commits to spending that kind of cash, especially when it’s money that has to be borrowed into existence. These days, though, it’s not that unusual for Washington to dole out trillions of dollars at a time.
Precious metals markets got clobbered early this week as gold and silver broke down from their high-level consolidations. Strength in the U.S. Dollar Index seemed to be the catalyst that got the selling going. Once key technical levels got breached, the selling intensified.
Well, gold and silver investors who were hoping Wednesday’s FOMC meeting would be a catalyst for a major breakout move were largely disappointed. On Wednesday, the Federal Reserve announced it would continue to hold its benchmark interest rate near zero. That came as no surprise.
As volatility shook Wall Street again this week, gold and silver markets advanced strongly into Thursday morning trading before encountering some mild selling. We will likely see a more decisive move in the gold market one way or the other in the days ahead.
This week we hear a recent interview Money Metals president Stefan Gleason gave with Mountain West IRA on the ins and outs of how you can own physical precious metals inside a retirement account.
As the Federal Reserve embarks on a new campaign to raise inflation rates, markets may be in for a change in character.
Gold bulls attempted to regain the $2,000 level this week. But they found themselves to be in for some more back-and-forth market tug of war with the bears. Earlier this week, precious metals markets got a surprising Buffett bounce. Legendary investor Warren Buffett isn’t often associated with gold – at least not in a positive way. In the past Buffett has made derisive comments about the monetary metal. He once quipped that gold “has no utility.”
As Joe Biden announced his VP pick, Wall Street’s hopes for a V-shaped economic recovery were revived by falling jobless claims and the S&P 500 inching closer to an all-time high. Precious metals markets, meanwhile, were hit with a big V for Volatility.
Well, the extraordinary run up in precious metals markets continues as silver makes some truly epic percentage gains while gold pushes further into record territory.
Another big week for precious metals markets as gold prices catapulted to new record highs. Gold’s record-setting rise has been driven by Federal Reserve stimulus, dollar weakness, and strong safe-haven investment demand.
It’s been a big week for gold, it’s been an even bigger week for silver. The white metal broke above $20 an ounce on Monday and spiked all the way up to $23 by Wednesday. Prices currently trade at $22.79 per ounce after gaining an extraordinary 16.7% or over $3.00 an ounce this week alone.
Well, it’s been another wild, wild week in the precious metals markets, particularly at the retail level in the United States. Trading activity here at Money Metals Exchange continues to be extremely robust, and we are focusing all of our efforts on procuring extra inventory, taking orders, shipping orders quickly, and servicing our customers.
No guest interviews this week, as we’re back to an all-hands-on-deck situation servicing all our Money Metals customers. A new demand spike in recent days harkens back to the pandemonium we saw in the precious metals markets back in March. So, let’s get right into today’s market wrap, because there is plenty to talk about...
Today we’ll hear part two of that interview. Stefan gives some important warnings to gold and silver investors; discusses why he favors one of the precious metals over the others and also talks about some really important things to consider when selecting a precious metals dealer.
Coming up we’ll hear an interview with Money Metals president Stefan Gleason, who was a featured guest during the recent 360 Gold Summit. Stefan addressed the fundamental question of “why precious metals” and also gave some helpful tips on how to avoid making big mistakes when investing in gold and silver.
Coming up David Morgan of The Morgan Report joins me to discuss a range of topics including the recent disruptions in the paper-based precious metals futures markets that caused some major bullion banks to lose their shirts -
The sudden spike in market volatility yesterday came after the Federal Reserve vowed on Wednesday to keep its benchmark rate near zero through 2022. That’s an unusually long period for the Fed to be projecting rate policy. It reflects the fact that it will take many months and perhaps years for the tens of millions of jobs that were recently lost to return.
Michael Pento weighs in on the massive increase in the Fed’s balance sheet over the last several months, amounts that make the stimulative response to the Great Recession a decade ago look like chump change.
Gerald Celente of the Trends Journal joins me for an explosive interview on a range of topics, including the massive government failures in handling the COVID-19 outbreak...
As we head into this Memorial Day weekend and remember those who have fought for our great country over the years, those who gave their lives – the ultimate sacrifice – to protect the freedoms we enjoy, we thought it appropriate to highlight on this week's podcast an issue and a man who is fighting for another form of freedom... that being our financial freedom.
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Gold and silver markets are inching closer to achieving major upside breakouts. On Thursday, gold rallied above a near-term consolidation pattern to close at $1,747 an ounce. That put the monetary metal about $30 away from making new highs for the year. As of this Friday recording, gold prices are marching higher again and come in at $1,761, up 2.5% for the week.
Greg Weldon of Weldon Financial and Gold-Guru.com joins us for an incredible interview on a range of topics including why he sees gold soaring later this year and why we need to look outside the U.S. for important clues about the economy.
Precious metals markets enter the month of May with some mixed signals near term. But the long-term picture continues to look constructive. All the metals appear to have put in major bottoms during the panic selling of mid to late March
Well, just when you thought you’d seen it all in markets, this week brought something that was previously assumed by many to be impossible: a negative price for a physical commodity.
Even as the death count from coronavirus continues to climb, investors are finding reasons to be optimistic. U.S. stock market futures jumped Thursday night after President Donald Trump released formal guidelines for opening the economy back up in phases.
Wild price action and unprecedented interventions once again characterized this holiday-shortened trading week. Oil prices whipsawed lower Thursday on concerns about expected oil production cuts from Russia and Saudi Arabia. But the general trend for most other assets, including metals and equities, was up – way up.
A surge in coronavirus cases, an expansion of economic lockdowns, and an explosion in unemployment claims hit markets this week. But this deluge of bad news didn’t seem to catch investors by surprise.
The roller coaster ride in markets took a sharp turn higher this week after the Federal Reserve and Congress together pledged over 6 trillion dollars to rescue the financial system.
In light of the incredible amount of activity in the precious metals industry and back to back to back record days at Money Metals Exchange as a result of the coronavirus and tumultuous nature in financial markets, we are forgoing a guest interview this week as we work feverishly to fulfill the extraordinary order volume we’ve been dealing with. And there’s certainly a lot to talk about in this week’s market update.
David Morgan of The Morgan Report joins me to breakdown the madness in the markets, tells us why he believes this is 2008 part 2 in the financial markets and also addresses the major frustration over silver and when he thinks it will start acting like a safe haven and start to play catch-up versus gold.
This week, first-time guest Jacob Hornberger, founder and president of The Future of Freedom Foundation and also the winner of all three of this week’s Presidential primaries for the Libertarian party, tells us how both the major political parties in America have been engaged in socialism, why he believes the Federal Reserve needs to be abolished, and how gold and silver can help to restore our broken monetary system.
Greg Weldon of Weldon Financial joins us for another tremendous interview where he breaks down the market fallout still ahead of us as a result of the coronavirus, why gold and silver won’t be immune to the selloff that will continue to take place in all markets.
Michael Rivero joins us for an incredible interview on a range of topics including the plan to take out President Donald Trump, why we may not seen the last of Hillary Clinton, how globalism is a bad thing when we’re dealing with a pandemic and why we shouldn’t sleep on the Middle East despite the apparent mutual stand down between the U.S. and Iran.
David Smith of The Morgan Report and MoneyMetals.com columnist joins us to discuss the dearth of exploration that’s taking place in the silver mining industry and what that may mean for the supply of silver during the coming mania phase of retail buying he says will one day be upon us. David also offers some advice and a warning to those who are suffering from the widespread investor complacency.
Axel Merk of Merk Investments joins me to discuss why he’s watching developments in China and with the coronavirus so closely and how it may affect the global economy and the financial markets. Axel also offers some very good advice about the importance of understanding why it is that you own gold and the danger of letting short-term dynamics affect your long-term investment strategy. | Check Gold and Silver Prices Here: https://www.moneymetals.com/precious-metals-charts
The top trends forecaster shares his thoughts on why protests in many nations throughout the globe are a driver in central banks continual printing of a massive amount of money. Gerald also weighs in on the coronavirus situation, the U.S. strike on Iran earlier this month, and why he believes gold may hit a new all-time high as soon as this year.
Michael Pento goes through his checklist of data points and the events that, once taken place, will fuel the next big rally in precious metals. He also talks about the key warning sign that we can be looking for that will indicate when the economic bubble to end all bubbles is about to burst.
This week we'll hear an encore of a wonderful interview with Guy Christopher, who wrote many popular columns for MoneyMetals.com before his passing. Guy speaks on the topic of personal responsibility, estate planning, and making sure you don't leave your loved ones with a financial nightmare and an unwelcome scavenger hunt.
Craig Hemke, gives us his new call for gold and silver in 2020. Craig also takes serious issue with some of the gold naysayers and perma-bears and calls them out for being blinded by their agendas.
This week, part two of an interview Money Metals president Stefan Gleason did with Alan James on the Sustainable Money Podcast. Stefan gives some more advice on what to look for when choosing a precious metals dealer, when and how to sell when the times comes, and also talks about some of the ins and outs of gold and silver IRAs.
This week, Stefan Gleason shares some of the history behind sound money, when and where the wheels came off our monetary system, some disturbing developments in the war on cash movement and also goes through some dos and don’ts when it comes to purchasing gold and silver.
Jp Cortez of the Sound Money Defense League joins us to discuss the latest on the state legislative front when it comes to taxation of gold and silver, an issue that is becoming more and more important for precious metals investors, many of whom are now facing the prospects of having to pay sales tax when they buy precious metals.
Keith Weiner of Monetary Metals, tells us what led him to devote his second career to developing a new gold standard as a solution to our nation’s monetary problems. Keith also explains why the dollar, or Federal Reserve Note, is deeply immoral.
Greg Weldon of Weldon Financial is ready to make another bold call on the precious metals. Also he tells us why he believes the trade deal with China is keeping many Americans hopelessly distracted about the real issues in the economy - and why a deal there will simply not be enough to keep the economy going strong.
Larry Parks of the Foundation of the Advancement of Monetary Education joins me for an eye-opening discussion on our nation’s growing monetary problems and what you can do to help in the vital cause of bringing gold back into the nation’s consciousness. Larry also talks about some pretty shocking problems at most pension funds.
David Morgan of The Morgan Report joins me for another wonderful interview on the state of the metals and the markets. David talks about checking your premises as a metals investor and lays out the case for why it’s more important now than ever to not lose your nerve despite some lackluster price action. He also discusses the changes underway in our monetary system, changes that everyone needs to take notice of.
Gerald covers a range of topics including why he believes the Fed will continue to keep the cheap money game going as long as it can, how the success on Wall Street is not showing up on Main Street and why he believes negative interest rates are coming to America – possibly as soon as this time next year. Gerald gives his take on the presidential election and the key prices levels to be watching for in gold in the months ahead.
David Jensen of Jensen Strategic joins me for a revealing conversation on why he believes we’ve passed the point of no return when it comes to monetary policy, how the recent injection of liquidity by the Fed will NOT be able to reverse the problems it’s been creating, and why the explosion in palladium prices is a foreshadowing some BIG developments in the gold and silver markets.
This week we continue our discussion on the importance of sound money -- and we are going to check in on the progress at both the state and federal levels. Jp Cortez of the Sound Money Defense League joins me to update us about sound money bills across the nation and also shares his group’s sound money scorecard.
Chris Powell of the Gold Anti-Trust Action Committee joins me and updates us on the recent developments in the gold and silver manipulation prosecutions and discusses how the price spoofing schemes by the bullion banks may be tied to trades by central banks working to keep a lid on prices.
Bill Holter of JSMineset.com joins me for an explosive conversation on why he is convinced there will eventually be a failure to deliver in the futures markets which will trigger a run on gold and silver… and if that happens, inventory would completely dry up and become unavailable. Holter also describes the scary amount of credit that exists in all facets of the economy and the credit crisis that could ensue due to a monetary hiccup.
David Smith joins us for another wonderful conversation on why he thinks the recent correction in metals is creating what may be the last great buying opportunity in the sector, and also why he believes those who do buy should be thinking insurance first and profit second.
Craig Hemke of the TF Metals Report joins me for an explosive conversation on a range of topics. Find out whether Craig believes we’re going to have a repeat of 2010 – when metals took off – or if it’ll be more like 2016 – when metals had a false breakout before pulling back. He also calls out Elliot Wave chartists and why he thinks you are doing yourself a great disservice if you are following these “buffoons,” as he calls them.
Michael Pento of Pento Portfolio Strategies joins me for another top-flight interview as we discuss some major stresses in the financial system that are going to result in some serious issues in the economy. He also talks about the trade summit happening next month and what it will likely mean for precious metals if a deal is struck between the U.S. and China, or if an agreement is not reached.
It’s been a big week of geopolitical strife and potential crisis points for financial markets. Also, later in today’s program we’ll hear from Forbes CEO, business icon and two-time presidential candidate, Steve Forbes. Mr. Forbes unloads on the Fed and its horrific track record -- with accuracy that’s worse than a bunch of monkeys throwing darts at a dartboard, he says.
Axel Merk of Merk Investments joins us for a conversation on the latest central banking shenanigans, why he believes the economy may heat up again in the near term, and why the war on cash and the move to digital money will continue to drive people into gold.
Later in today’s program we’ll hear a fascinating interview with Greg Weldon of Weldon Financial. Greg breaks down the recent move in silver, a move off of a breakout point he called spot on on this program a few weeks ago, and also gives us his thoughts on the pullback we saw on Thursday. Greg also tells us at what price on the downside he expects will provide major support in both gold and silver if we do see a further pullback from here.
Gerald Celente, top trends forecaster and publisher of the Trends Journal joins me for an explosive conversation on the state of the markets, gold, the upcoming presidential election, and why he believes the next recession will be one for the ages.
First-time guest, Jeffrey Christian of the CPM Group talks about who’s been buying gold, and who hasn’t been – at least not compared to levels of a few years ago, tells us why they’ve moved up their price forecasts for gold and silver a couple of years, and also answers the question about whether or not he believes there is widespread manipulation in the precious metals markets.
This week, we dive into China with one of the foremost experts on the subject Gordon Chang. Gordon shares his thoughts on the U.S.-China trade war and why he believes it’s not likely to end anytime soon, talks about the pending economic catastrophe he sees in China and the effects it’s going to have on the global economy and, more importantly, for metals investors. | Check Gold and Silver Prices Here: https://www.moneymetals.com/precious-metals-charts
David Morgan of The Morgan Report joins us to break down the recent move in the metals, explains why he believes the move is a result of something no one is talking about – and he also gives us some key levels for silver, as it looks to gather strength from here.
Frank Holmes of US Global Investors joins me to talk about gold, the key driver that will likely take it higher and why we need to be paying more attention to the trendlines than the headlines.
This week we continue our discussion on the importance of sound money -- and we are going to check in on the progress at both the state and federal levels. Jp Cortez of the Sound Money Defense League joins me to update us about sound money bills across the nation and also shares his group’s sound money scorecard -- revealing which states have policies that favor sound money and which states are simply abysmal.
Craig Hemke of the TF Metals Report joins me for a very interesting discussion on how a myriad of problems are really starting to show up in the banking sector, explains the recent move in the precious metals and gives some very key price levels for gold and silver.
David Smith of The Morgan Report and MoneyMetals.com columnist joins me for a wonderful discussion on the state of the precious metals, an exciting new silver backed cryptocurrency and when he believes silver will finally play catch up to gold’s rally.
Michael Pento of Pento Portfolio Strategies joins us for a tremendous interview on what he sees as pending doom in the stock market and why he believes we’re in for a bout of stagflation that will make the 1970s look like a walk in the park. He also makes a compelling case for gold during an interest rate environment that he believes will soon be turning profoundly negative in real terms.
Hear what Greg has to say now about gold after accurately predicting the recent breakdown point to the dollar on this very podcast a little over a month ago. We’ll also get his thoughts on lagging silver, hear his breakdown the generational high we’re seeing in the gold to silver ratio right now and why he is on the verge of making a major trading decision in the white metal ahead of a big move he sees coming.
Marc Faber, Dr. Doom, joins us for a must-hear discussion on debt, the global economy and the future of the dollar. Marc tells us how much he believes the average investor should have in gold and silver right now and reveals which precious metal he favors most going forward.
Steve Forbes, CEO of Forbes, unloads on the Fed and its horrific track record, discusses Donald Trump’s chances at reelection, and lays out the case why you simply must have at least some gold in your portfolio.
David Morgan of The Morgan Report joins me to discuss the ticking time bomb that is the trade war with China, why he believes flooding in the Midwest could lead to serious price inflation in food, and also gives us his outlook for the precious metals.
Larry Parks of the Foundation of the Advancement of Monetary Education joins me for an eye-opening discussion on our nation’s growing monetary problems and what you can do to help in the vital cause of bringing gold back into the nation’s consciousness.
Gerald Celente gives us more insight on why the precious metals are struggling, why he recently changed his economic forecast and also shares why he believes a continuation of the rising tensions in both Venezuela and the Middle East could lead to a spike in oil prices that the world simply cannot afford.
Axel Merk of Merk Investments breaks down the trade war with China and gives us some keen insights on the likely strategy being employed by President Donald Trump there, and also tells us why he sees inflationary pressures returning in the economy and the affects it will have on gold prices.
Greg Weldon of Weldon Financial joins me for a sensational interview on how he views the precious metals now and which one he favors over the others. Plus, Greg has some warnings about why a failure to finalize a trade deal with China very soon could be very problematic for the U.S. stock market.
This week's eye-opening interview is with Bill Holter of JS Mineset. Bill weighs in host of topics including our incredibly broken and phony markets, the truth behind why governments hate gold so much, and the real reasons why China and Russia are eagerly amassing huge gold positions.
A few weeks ago we heard the first half of an interview Money Metals president Stefan Gleason did during a recent 360 Gold Summit. Today we’ll hear part two of that interview. Stefan gives some important warnings to precious metals investors, discusses why he favors one of the precious metals over the others and also talks about some really important things to consider when selecting a precious metals dealer.
Marc Faber joins us for a tremendous conversation on debt, the global economy and the future of the dollar. Marc tells us how much he believes the average investor should have in gold and silver right now and reveals which precious metal he favors most going forward.
Frank Holmes of U.S. Global Investors joins me to update us on some of the best value propositions he sees in the markets.
This week's interview is with Money Metals president Stefan Gleason, who was a featured guest during the recent 360 Gold Summit. Stefan addressed the fundamental question of “why precious metals” and also gave some helpful tips on how to avoid making big mistakes when investing in gold and silver.
This week, a fascinating interview with Chris Powell of the Gold Anti-Trust Action Committee. Chris gives perhaps the most thorough explanation of why governments are so intent on manipulating the precious metals markets and reveals some very interesting recent data about what they’ve quietly been doing.
David Smith, Senior Analyst at The Morgan Report and MoneyMetals.com columnist joins us and reviews the key reasons why we ought to own precious metals -- and discusses the risks of NOT acting now when the price of silver is still cheap
Michael Pento of Pento Portfolio Strategies joins us for a must-hear conversation on why he believes central bankers must perpetually keep interest rates near zero -- and the massive inflationary bubble economy that will likely result.
Craig Hemke weighs in again and offers a concise and clear explanation on what’s been happening in the broken and rigged silver futures markets. And also tells us why he sees 2019 being a similar setup to what we saw in gold and silver back in 2010 and 2011 when the metals went on an historic run.
Gerald Celente, the top trends forecaster in the world joins me to tell us why the world’s central banks bought a record amount of gold in 2018 and also about what type of wildcard events may trigger a new economic crisis.
Dr. Engelhardt enlightens us on some of the major flaws in our current monetary policy and the dangers and economic trouble it will eventually produce. He also discusses a couple of different ways we could reintroduce a gold standard.
Chris Martenson of PeakProsperity.com and famous author of The Crash Crouse and his latest book Prosper! joins me to dissect what’s behind the Yellow Vest movement in France and why the mainstream media and those in power simply don’t want you to know what’s really going on there.
Larry Parks of the Foundation of the Advancement of Monetary Education joins me for an eye-opening discussion on our nation’s growing monetary problems and what you can do to help in the vital cause of bringing gold back into the nation’s consciousness.
Axel Merk of Merk Investments joins us for a terrific conversation about gold, the Fed, stocks and the dollar. And find out why he believes investors will soon realize that it DOES matter again about where you put your money.
Greg Weldon of Weldon Financial joins us for a 2019 outlook. I’ll ask him if the thinks the recent stock market rally has legs -- and also for his forecast for gold this year.
David Morgan of The Morgan Report joins us for a conversation on a range of topics, including his 2019 outlook for a number of different asset classes, most notably gold and silver.
Mining analyst and precious metals expert David Jensen joins us to talk about how palladium might just be the straw that breaks the back of the paper market.
Keith tells the story about a large cash sale he had a decade ago, how incredibly uncomfortable it made him to have such a big cash position and how it ultimately led him to begin thinking about and pursuing a new gold standard as a solution to our nation’s monetary problems. He also lays out a compelling case about why the dollar, or Federal Reserve Note, is deeply immoral.
Michael Pento of Pento Portfolio Strategies joins us for an encore interview. He weighs in on how he sees Fed policy decisions playing out and why he believes it will have damaging long-term effects on the economy.
Frank Holmes of U.S. Global Investors joins me and shares why he believes this past quarter has been a very constructive and encouraging one for gold
Gerald Celente breaks down the chaos in Europe, tells us whether or not major protests are likely to break out here in the states and shares his outlook for the metals.
Craig tells me why we all need to pay attention to the white-hot palladium market right now and discusses the massive physical supply shortages there that have a chance to actually break the trading exchanges. He also suggests 2019 is poised to be the best year for gold and silver in nearly a decade.
Michael Pento of Pento Portfolio Strategies joins me for a conversation you will not want to miss. Michael weighs in on the recent words from Fed Chair Jerome Powell and why he believes the initial reaction from Wall Street about what the Fed will now be doing on interest rates is misguided, and he reveals the inside scoop on why he’s been blackballed by CNBC and others in the mainstream financial media.
Coming up we’ll hear a replay of the fabulous interview we did earlier this fall with Dr. Stephen Leeb of Leeb Capital Management. Dr. Leeb weighs in on what he believes will be a major fly in the ointment for the U.S. when it comes to the trade war with China and also tells us if he’s still holding onto the thought that we’ll see triple digit silver prices sometime during the next decade.
Part two of an interview Money Metals president Stefan Gleason did with Alan James on the Sustainable Money Podcast. Stefan gives some more advice on what to look for when choosing a precious metals dealer, when and how to sell when the times comes, and also talks about some of the ins and outs of gold and silver IRAs.
This week, a fascinating and informative interview Money Metals president Stefan Gleason gave recently for the Sustainable Money podcast. Stefan shares some of the history behind sound money, when and where the wheels came off our monetary system.
Dr. Chris Martenson, of PeakProsperity.com and well-known author of the Crash Course and the book Prosper! joins us for a sensational interview on the recent volatility in stocks and what he thinks it means. Chris also reveals some new facts about depleting global oil supply and when exactly he sees the crisis there finally coming to a head
Greg Weldon of Weldon Financial joins us and breaks down the recent volatility in the equities markets, tells us why he thinks the Fed will soon be back-peddling on further interest rate hikes and tells us what that means for the dollar and gold.
David Smith, joins me to discuss the recent stock market volatility and what the future is likely to hold when it comes to equities, and also lays out three potential market dynamics that may all converge at once in the near future.
First time guest Dr. Stephen Leeb of Leeb Capital Management, weighs in on what he believes will be a major fly in the ointment for the U.S. when it comes to the trade war with China and also tells us if he’s still holding onto the thought that we’ll see triple digit silver prices sometime during the next decade.
Frank Holmes, CEO of U.S. Global Investors, talks about some key developments in the gold community and why he believes a key merger in the gold mining industry could be a good indicator of a market bottom. He also shares his thoughts about Vanguard’s recent decision that leaves many gold investors hung out to dry.
Chris Powell of the Gold Anti-Trust Action Committee, gives perhaps the most thorough explanation of why governments are so intent on manipulating the precious metals markets and reveals some very interesting recent data about what they’ve quietly been doing.
Gerald Celente joins us for another explosive interview on the state of the markets. Gerald tells us why he’s not only focused on the dollar but also oil and explains what is likely to happen if the Fed continues to hike interest rates.
Axel Merk of Merk Investments, reveals the one big mistake many investors are making in not rebalancing their portfolios right now, and he explains why he still sees gold as an important asset to own despite its recent weakness.
This week, we present an encore of an interview with Steve Forbes. Mr. Forbes shares his tremendous insights on the growing discontent with the Fed and the booms and busts created by their policies. He also makes the case for why he believes the time is now for America to restore gold in our monetary system.
This week, David Morgan joins me to talk about what the coming months are likely to have in store for the metals and the markets, tells us how the smart money has already exited stocks and shares his secret to finding value and success in any market.
Michael Pento of Pento Portfolio Strategies describes two scenarios for the Fed that may BOTH result in a day of reckoning for the U.S. stock market and explains why he sees no end to the trade wars for at least several months.
Dr. Lucas Engelhardt, associate professor of economics at Kent State University and well-known Austrian economist and regular guest lecturer at the Mises Institute, enlightens us on some of the major flaws in our current monetary policy and the dangers and economic trouble.
Today we’ll replay an interview with Guy where he shares some helpful tips on how to talk to your friends and family about the importance of gold and silver. More timeless wisdom from the late Guy Christopher.
A wonderfully fascinating interview this week, with first time guest Samuel Palaez of Galileo Global Equity Advisors. Sam highlights what he views as a tremendous investment opportunity in commodities right now, and also talks about how the markets may be getting it wrong when it comes to the trade wars and the likely impact it will have on the U.S. economy, inflation and the dollar.
Ed Steer talks about the manipulation in the gold and silver markets, who’s likely behind it, and the explosive moves he believes will occur once it finally comes to an end.
Greg Weldon of Weldon Financial, shares his insights about the U.S. dollar, the major correction in commodities, and what this all means for the global economy and ultimately for gold.
This week, a fascinating interview with Keith Weiner of Monetary Metals and the Gold Standard Institute. Keith tells the story about a large cash sale he had a decade ago, how incredibly uncomfortable it made him to have such a big cash position and how it ultimately led him to begin thinking about and pursuing a new gold standard as a solution to our nation’s monetary problems.
This week we continue our recent tribute to Guy Christopher, who recently passed away. We replay an interview with Guy on the topic of personal responsibility, estate planning, and making sure you don't leave your loved ones with a financial nightmare and an unwelcome scavenger hunt.
Frank Holmes of U.S. Global Investors joins us as we dig deeper into the subject of Trump’s tariffs and Frank's fears for the economy if things progress further. Also, he tells us what needs to happen for metals to move up again after the recent pullback.
Gerald Celente joins me as we discuss the relevance of still having guns, gold and a getaway plan. Gerald also tells us what he’s watching most closely on the geopolitical landscape that could have a major impact on the markets and possibly trigger the next economic crisis.
Chris Powell of the Gold Anti-Trust Action Committee, gives the most thorough explanation of why governments are so intent on manipulating the precious metals markets and reveals some very interesting recent data about what they’ve quietly been doing.
Michael Pento of Pento Portfolio Strategies examines what’s happening beneath the surface in the markets right now, and why we should be leery of putting too much stock into mainstream financial media regarding the economy.
Axel Merk, President and Chief Investment Officer of Merk Investments and author of the book Sustainable Wealth. Axel is a highly sought after guest at financial conferences and on news outlets throughout the world
This week David Smith talks about the ongoing destruction of the U.S. dollar and believes those who ignore the dollar’s decline will end up like the homeowner who discovers his house has slowly been destroyed by termites, but learns it’s too late.
Coming up we’ll go down memory lane with Guy Christopher, one of our most popular columnists at MoneyMetals.com who recently passed away. Throughout his time with us here at Money Metals, Guy would often enlighten us as only he could, sharing his insights through his wonderful articles on our website, and we often had the privilege of discussing some of those stories with him here during our weekly podcasts.
Craig Hemke of the TF Metals Report talks about why he sees the dollar as overbought, what it’s going to take for the metals to get moving to the upside again and breaks down two scenarios that the Fed hopes they won’t encounter later this year.
Greg Weldon of Weldon Financial, lays out a compelling case for higher inflation later this year, the dominoes it will cause to fall, and how it will affect the average consumer, Fed policy, the stock market and precious metals.
Dr Faber has some alarming things to say about how America’s foreign policies may have disastrous implications for the U.S. and global economies, and for the dollar. He also weighs in on which asset class, crypto-currencies or precious metals, will ultimately will be the major benefactor of all of the pending geopolitical unrest.
Jim Rickards - monetary insider, economist and best-selling author - examines what the next financial crisis will look like and how it will be different from previous panics and also gives us his outlook for gold and what he sees as being the key drivers that will propel the yellow metal higher.
This week, we discuss the disturbing topic of just how far our nation has strayed from the Founding Fathers’ ideals when comes to sound money. And we talk with George Leef and the growing movement to restore gold & silver back into the monetary system.
David Morgan of highlights an interesting set-up in the silver market that could lend itself to higher prices. He also shares his thoughts on the price levels he wants to see before getting too excited & updates us on the gold/silver ratio.
Frank Holmes of U.S. Global Investors, shares his outlook on gold during the remainder of 2018 and also tell us why we should be very leery of taking any financial advice from newly appointed Trump advisor Larry Kudlow.
Part two of an interview with Money Metals president Stefan Gleason during a recent 360 Gold Summit. Stefan gives some important warnings to precious metals investors, discusses why he favors one of the precious metals over the others and also talks about some really important things to consider when selecting a precious metals dealer.