APM Blog

APM Blog

At the River’s Edge Once Again:  Will Gold Make It to The Other Side?

We have been in this situation twice before in recent times.  Gold reaches an inflection point such as the declining linear trend, and tests the line, but falls back.  The troops are at the riverbank, but never cross. We recently alerted you to some specific price levels to watch.  We … Readmore

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Is Gold Expensive?

Since the low in gold of $1045 in late 2015, gold has almost doubled in price.  Year to date gold bullion is up about 25% while the stock market as measured by the broad S&P is up only about 8%.  Bonds as measured by AGG, core US aggregate, is up … Readmore

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Gold Correction Likely Near an End

Gold had a strong run falling just short of $2,100 per ounce, became significantly overbought, and has had a modest corrective phase since the peak in early August. We have dropped about $240 dollars or about 12% from the peak down to the $1850 area. Because we believe gold remains … Readmore

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Commentary on ‘The Deficit Myth’ by Stephanie Kelton

Professor Stephanie Kelton, an advisor to leading Democrats and the Biden campaign, has written a highly readable explanation of Modern Monetary Theory.  Replete with frequent references to Sesame Street and Spider Man, it is just the work needed to inform the young Social Justice Warrior. The key is the subtitle, … Readmore

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Debt is Now a Runaway Train

The amount of debt owed by the US government has risen to the highest levels ever recorded. More importantly, as the chart above shows, it is the highest debt ever in relation to the size of the economy. In peacetime, it now exceeds the peak of World War II. Notice … Readmore

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Silver Kicks Into a Higher Gear

For quite a period of time, silver underperformed gold.  The gold to silver ratio, a calculation that basically shows the relative strength of the two metals, continued to soar well outside its historic range to as high as 131:1. We felt this was excessive and as indications started to show … Readmore

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The Importance of $1800

By Neland Nobel We wrote recently that the break out from $1750 should bring us to the $1800 price mark fairly quickly and that this price, formed by a number of previous peaks, (see horizontal line) created a large saucer or cup like formation that extends over about nine years.  … Readmore

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Why Would Anyone Want Junk Silver Coins?

Prior to 1965, the United States minted silver coins to be used as money.  They are commonly referred to as “junk” silver or 90%.  They are called junk silver because they were used in circulation and have no collector value.  A “bag” or $1,000 face has about 715 ounces of … Readmore

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The Lessons of August 1971

As we approach August, it is worthwhile to remember that 49 years ago a momentous event occurred that changed the course of our nation.  What was that event?  It was the unilateral abrogation of the Bretton Woods Treaty, the final break with gold, and the beginning of floating exchange rates. … Readmore

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Is Silver About To Get With The Program?

Silver has been considered money as long as gold but has lagged gold badly of late.  Perhaps this is because silver is not a Central Bank Reserve.  But it is a precious metal with a functional deficit between supply and demand and remarkably varied industrial uses. Perhaps its lackadaisical performance … Readmore

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