After 45 years in the precious metals markets some things remain the same. Primarily derisive headlines in the media like, “Gold loses its luster”, and “Gold bugs got squished”, appear on every price decline. Other things are relatively new, such as exchange traded funds (ETF’s), a paper proxy for holding … Readmore
After months of waiting for a confirmation of the direction of precious metals, the accompanying charts say it all. All the manipulations, short selling and panic selling appear to have subsided. Looks like a new bull market now for plenty of reasons: Uncontrollable creation of Federal debt (weak dollar) Two … Readmore
The price of gold is rising. Why? There are many causes for the upward movement of Gold from last year’s low price of $1,125 per oz. The most basic one is the increase in worldwide demand while mining output … Readmore
The month of February gave us a strong gold buy signal, every day closing above $1,200 (the 50 day moving average) and now closing above $1,250 (the 200 day moving average), up 12% from December 2016’s low of $1,125. See attached chart. Silver is up from $16.20 to $18.30 during the … Readmore
As January goes, so goes the year, says an old market adage. It usually refers to the stock market, but could also apply to gold and silver the last few years. With the year one month, or 8% completed, gold can’t decide which side of $1200 to settle on, nor … Readmore
By popular consensus, the financial apocalypse appears to be on hold. Most analysts say that the stock market is now the place to park your savings and precious metals are currently out of favor. Regardless of what the media and financial advisors are saying, our business has been steady, though … Readmore
Here is a picture of where gold has been over the last five months, including the British vote to exit the European Union on June 23rd. We have completed the summer doldrums and the market appears to be coming to a convergence of highs and lows which we think will be resolved … Readmore
Frequently, I’m hearing concerns from clients, both new and old, about the safety of bank deposits and their difficulty in obtaining cash. Bank employees are being told to ask depositors why they are taking out cash. If one withdraws more than $3,000, a suspicious activity report is created. If more … Readmore
The new bull market in gold and silver is here and we can’t say we haven’t been warned. In the last 6 to 8 months, we have heard from Jim Rickards new book, seen the actions of large hedge funds and the awesome performance of gold and silver shares, all … Readmore
The British vote to exit the European Union has proven to be the catalyst for a coming financial meltdown (the end of the world as we know it). The revolt against globalism is spreading like an uncontrollable forest fire. Currencies are collapsing worldwide versus the US dollar, the Euro and … Readmore
