APM Blog

APM Blog

Fiscal Deficits GDP and the Gold Price

It is widely thought that if the direction of deficits spending is upward, the price of gold will go upward. That has only been partially true.  It certainly was the case in the 1970s.  But it was not so true in the 1980s and 1990s.  So, why if the deficit … Readmore

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The Case for Direct Ownership of Gold

By Neland D. Nobel As in the case with many things in life, sometimes the simple way to do something, is often the best way to do something.  But there is a proclivity in the human mind towards sophistication and complexity.  If we can manage complexity, we seem to feel … Readmore

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As Promised, A Metals Update

Prices are down, product dwindling and premiums higher We are doing our best during this hectic time in our business to keep our customers apprised of what is going on day to day.  Our wholesaler has informed us today that the US Mint has shut down sales of gold product … Readmore

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Why is Gold Not Going Up Right Now?

By Neland Nobel We are receiving a number of calls and emails that are roughly worded like the title above. We simply can’t find the time to answer everyone on a personal basis. It is an important question and in this short essay we hope will suffice to answer at … Readmore

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A Tale of Two Credit Bubbles

By Neland Nobel Rarely does history repeat, but as Mark Twain once quipped, it often rhymes. The financial crisis of 2008 and 2009 was a rolling crisis, with some of the features of that crisis listed below.  A number of things clustered late summer 2008 that culminated in the housing … Readmore

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Shift From Palladium to Gold

By Neland Nobel There is no doubt that among the precious metals, palladium has been the star performer.  It has largely replaced platinum in a number of industrial uses, particularly automobile emission control devices.  Its price performance the past few years has been outstanding. The question is: has it become … Readmore

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Massive Gold Formation

Sometimes a long-term weekly chart gives a different perspective.  Long term charts are one of the few sources of information to answer this question:  what are the longer-term possibilities for gold? It is not science, but it is the best we have. In this case, the charts are rather illuminating. … Readmore

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The World Bank Issues a Warning

The World Bank just issued an important new report, “Global Waves of Debt, Causes and Consequences”.  https://www.worldbank.org/en/research/publication/waves-of-debt It is a 221-page report that looks back at three previous debt waves.  They all started in about 1970, not surprisingly when the last discipline of the gold standard was removed from the … Readmore

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Gold Pushes Through Overhead Resistance

Gold appears to have ended its corrective phase that began last September. After some bottoming action, momentum appears to have turned upward in mid-December. It broke out of its “pennant” or rising wedge formation at $1500 and quickly moved through old highs at $1520 and then $1540 today. This should … Readmore

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Gold Performance in the Era of Constant Intervention

One of the games financial analysts play is to compare the return on different investments in order to make their case for one investment over the other.  Because all markets fluctuate, it allows the innovative analyst to pick periods of time that will reflect favorably upon whatever they happen to … Readmore

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