Precious Metals Latest News

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. ...

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 ...

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 ...