Gold As A ‘Deflation’ Hedge
Economists have had many market puzzles to ponder in this era of monetary excess, going back to Alan Greenspan’s long bond “conundrum” nearly a decade ago. The latest market conundrum is gold: why did it begin rallying on news that US liquidity growth would be slowing (the taper), and why has it remained strong despite weak global CPI pr... read more
In this uncertain world, gold and silver will continue to give such protection in extreme times, says Julian Phillips
Price Drivers
The gold and silver prices are still gathering themselves, now that the $1,300 level has been overcome. With a calmer market, traders, speculators and heavy computer trading pushes prices in line with the weakening of the dollar, using the Do... read more
Feb. 18 (Bloomberg) -- Marcus Grubb, managing director of investment strategy at the World Gold Council, discusses the outlook for gold demand, outflows from exchange-traded funds and prices. He speaks with Mark Barton on Bloomberg Television's "Countdown."
Washington, DC – February 18, 2014) Strong investment demand for silver drove global sales of one-ounce silver bullion coins to an all-time record high in 2013, while early indications suggest that investors’ interest in acquiring silver coins is healthy in the opening weeks of 2014.
The U.S. Mint sold 42,675,000 American Eagle Silver Bullion coins in 2013; 26 percent more than the 33,70... read more
Richard Russell, is warning that the Fed and the US government are bombarding US citizens with a never-ending parade of lies as the world remains caught in the throes of a severe depression. He also discussed what is happening in the gold market.
An hour before the close (on Friday), the Dow was up 120 points, with substantially less volume. This told me that institutions were selling in... read more
Money manager Peter Schiff has a read on gold short sellers. Schiff says, “Of course the short sellers never had the gold to begin with! They’re selling gold they don’t have, and I think the shorts are getting a little bit nervous, but they are going to get a lot more nervous as we turn up the heat here. Gold is now above $1,300 (per ounce).
I thin... read more
Greater confidence among Americans has led to a surge in household debt not seen since the recession began, according to new figures from the Federal Reserve Bank of New York.
Mortgages, credit cards, auto loans and student loans together rose $241 billion, or 2.1 percent, to a total of $11.52 trillion between October and December. It is the biggest quarterly rise since 2007.
Mortgage b... read more
Silver and gold were slammed early in the European day but have now recovered those modest losses to extend their winning streak. Gold is holding above $1,320 but Silver is outperforming +1.4% today and is now up 13 days in a row... this is the longest winning streak since at least 1968. Both gold and silver have broken through their 200-day moving averages (and the often-watc... read more
Gold broke out decisively last week from its downtrend dating back to last August, a development that was confirmed by a dramatic high volume breakout by silver on Friday.
On its 8-month chart we can see that gold broke out both from its downtrend and also from a Head-and-Shoulders bottom. It even managed to close above its 200-day moving average on Friday, although the fact that this averag... read more
Silver has confirmed gold’s breakout of several days ago by following suit and breaking out above important resistance on Friday on the strongest volume for almost 6 months. This means that we are now in a full on Precious Metals sector uptrend, which is still in its earliest stages.
We can see silver’s decisive breakout on its 8-month chart shown below. This breakout vaulted the... read more
