August 3, 2024
Gold Price Exclusive Update - August 03, 2024
By Jack Chan Technical Analyst & Editor
Gold sector cycle is up. Trend is up for gold and gold stocks, down for the USD. We are now neutral and will wait for the cycle to turn down to take short positions.
When Will the Fed "Normalize" Interest Rates? This Is Normal!
By Mike Maharrey
Duringits July meeting, the Federal Reserve signaled that a rate cut is likely in September. In his post-meeting press conference, Jerome Powell said,"If we were to see inflation moving down ... more or less in line with expectations, growth remains reasonably...
August 2, 2024
Gold-Stock Tipping Point
By Adam Hamilton CPA, Principal & Co-Founder of Zeal LLC
The gold miners’ stocks look to be nearing a crucial psychological tipping point. After years of mostly being ignored, this small contrarian sector seems on the verge of roaring back into favor. When gold stocks grow popular and traders increasingly chase them,...
By Morris Hubbartt Precious Metals Analyst
Here are today's videos and charts.
Central Bank and Over-the-Counter Buying Pushed Gold Demand to Record Levels in Q2
By Mike Maharrey
Gold demand was up 4 percent to 1,258 tons in the second quarter, the highest level on record since the World Gold Council started compiling data in 2000.
August 1, 2024
Silver and Golden Lining: Shining Insights into Investment, Demand, and Market Potential
By Brandon Green
Silver and Gold have been on a wild ride, and it’s not stopping anytime soon. Let’s dive into why these shiny metals are becoming a favorite for investors.
The Fed is Holding Interest Rates Steady. This Won’t Last Much Longer
By Ryan W. McMaken
The Federal Reserve’s Federal Open Market Committee (FOMC) announced today that it will maintain the current target policy interest rate (the federal funds rate) of 5.5 percent. The committee has now held the rate at this level since the end of July 2023.
Money Metals Midweek Memo: Market Insights and Economic Commentary
By Money Metals Exchange
In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey offers an in-depth look at the economy, emphasizing the importance of understanding the underlying factors that drive market trends and economic conditions.
Gold Could Surge to $2720 if Bullion Banks Lose Grip
By Jordan Roy-Byrne Author, CMT, and Editor @ The Daily Gold
Vince Lanci discusses why Gold could start to pull away, the current drivers in Silver and why Silver’s price action could be a tell for Gold’s upside potential.
July 31, 2024
Japan’s Rate Hike and Its Impact on Gold
By P. Radomski CFA, Editor & Founder @ Sunshine Profits
It’s the Fed’s interest rate day and the Bank of Japan has just hiked its rates. What’s next? The first sentence explains most of what happened to the prices yesterday and today.
The Fed Balance Sheet May Be a Side Show But It's Worth Watching
By Mike Maharrey
Did you know the Fed has already loosened monetary policy? While everybody focuses on the prospect of a Federal Reserve interest rate cut and salivates in the hope of easier money, most people completely ignore the other prong of central bank monetary policy – the...
MMT: Feeding The Economically Inferior Machine
By Rudolph Kohn
Imagine you are the foreman of a factory. Inside the factory are two machines. Both machines consume materials, energy, and labor and produce the same product, perhaps cars, or toasters, orpencils.
National Debt Blows Past $35 Trillion (Yawn)
By Mike Maharrey
On July 26,the national debt blew past $35 trillionfor the first time. We are now cursed with a debt of$35,001,278,179,208.67. This milestone will likely raise some eyebrows, but nobody will do anything about it.
July 30, 2024
By Stewart Thomson President of Graceland Investment Management
The news for gold is becoming more positive.For example, last week’s import tax cut in India is a new pillar of support for demand and Friday’s PCE report increased the odds of a September rate cut from the Fed.
China's Gold Conduit Revealed, Shows Central Bank Did Not Stop Buying in May
By Jan Nieuwenhuijs
This article is an analysis of how the Chinese central bank (PBoC) buys gold in London from Western bullion banks. Because the bullion banks take care of the gold transport for the PBoC, the shipments from London to Beijing are disclosed in UK customs data.
Gold SWOT: Canaccord Sees Gold Setting New Record Highs in 2024
By Frank Holmes CEO & Chief Investment Officer @ U.S. Global Investors
The best performing precious metal for the past week was gold, but still down 0.80%. MAG Silver provided its second-quarter attributable silver production of 2.19 million ounces, above CIBC’s expectations of 1.82 million ounces due to a combination of higher total...
Financial Market Stress: Not Yet, But…
By Gary Tanashian Founder & Editor @ NFTRH.com
So here is the thing. During a bull market or very bullish phase, indicators give the all-clear. Come on in, the water’s fine! Investors are always going to be complacent and market/economic signals at least stable (or quite positive) at market tops. It’s the way...
Are Government Statistics Concealing the Truth About the Economy?
By Clint Siegner Author & Director @ Money Metals Exchange
Americans are questioning all sorts of government functions these days. For example, the majority of people,according to polls, have doubts as to whether U.S. elections are free and fair.
Sound Money Advocacy and Precious Metals: A Conversation with Stefan Gleason
By Money Metals Exchange
Introduction In a recent episode of The Morgan Report, host David Morganinterviewed Stefan Gleason, Chairman of the Sound Money Defense League and President and C
Kids Understand Price Inflation Is Bad; Where Are the Adults?
By Mike Maharrey
If you listen to politicians and pundits, you might think price inflation isn’t so bad. If you have to buy stuff out there in the in the real world, you know better. Heck, price inflation is so bad, even kids realize something is wrong.
July 29, 2024
What Happens After A Rate Cut Is Announced?
By Kelsey Williams Analyst, Author, and Owner of Kelsey's Gold Facts
Has anybody considered what might happenaftera rate cut is announced? If the Fed signals a change in direction regarding interest rate policy, as expected by most observers at this point, does that also signal an end to increasing weakness in the economy? Will a...
Gold's Mid-Term Cycle + U.S. Stocks Update
By Jim Curry Chief Analyst & Editor @ Goldwavetrader
As mentioned in my prior articles for Gold-Eagle, the last low of significance for Gold was due to form into the late-May to early-June window. That decline was favored to end up as a countertrend affair, before turning back to higher highs into July or later - then...
By Matthew Piepenberg
In his latest conversation with theDavid Lin, VON GREYERZ partner, Matthew Piepenburg, addresses US political volatility (post-assassination attempt, pre-Biden drop out) and social unrest, with special attention on their near and longer-term implications for US and...
By Jordan Roy-Byrne Author, CMT, and Editor @ The Daily Gold
Silver continues to lead the sector lower with another 4% decline on the week. Gold declined by 1%. The gold and silver stocks are acting reasonably well considering the technical damage in Gold & Silver.
Who's Actually Buying And Selling Gold Right Now
By Vince Lanci
After another severe 2-day selloff in gold and silver the prices have stabilized as of Friday morning. And in today's show, Vince Lanci looks at who's actually been buying, and who's been selling.
July 28, 2024
Governments Subvert the Principle of the Market
By Mark J Lundeen
This week, the Dow Jones closed everyday in scoring position, not one day below its BEV -5% line. So, we continue assuming the advance that began last November (red circle below), has additional all-time highs coming in the weeks and months to come.
Gold Gets Gut-Punched … Again
By Mark Mead Baillie Market Analyst & Author
On the heels of last week’s piece“Another Gold Pop n’ Flop”, now we’ve“Gold Gets Gut-Punched … Again” But be thee not at ends, dear friends. For as we’ll herein see, Gold’s weekly parabolic trend remains Long, which reinforces our “buy on the dip(s)” notion,...
Market Volatility, Political Drama Increases Yet Metals Slide
By Mike Gleason Director @Money Metals Exchange
One measure of investor apprehension is the VIX volatility index, also known as the fear index. The VIX spiked on Thursday to its highest level in three months.
July 27, 2024
By Christopher Aaron Chief Analyst & Founder @ iGold Advisor
The gold price has just recorded a new record all-time high: $2,483 in the spot market on the night of July 17, 2024. Although this new record is a welcome development for precious metals investors, just within the last week a new signal has developed which may...
Support Sound Money: Bring Back Gold Clause Contracts
By Mike Maharrey
One of the ways the government maintains its fiat money system is by throwing up legal and regulatory roadblocks to those wanting to use real money such as gold and silver. Reviving the use of gold clause contracts removes one of those barriers.