The Case Against Gold

Early last week, you may have seen Harry’s latest message about gold (and silver too). He’s got some pretty strong evidence that the metals are due to take a tumble. In fact, he said now would be a good time to drop any gold you’re still holding. “Get rid of it,” he said, and he detailed exactly why. Since I tend to agree, and never really understood some people’s intense fascination with the yellow metal anyway, I figured it’s a good time to share my opinion too. There will come a time to buy gold with both fists, but this […]

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Taxpayer Pain, Debt Ceiling; Frank Holmes on Trump and Gold

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up Frank Holmes, CEO of U.S. Global Investors joins me to share his thoughts on Trump’s first 100 days, the resetting that’s going on the global political front and gives what he sees as a very realistic price target for gold before the end of the year. Be sure to stick around for a fantastic interview with Frank Holmes, coming up after this week’s market update. Precious metals markets are putting in a mixed performance this week as gold prices hold above their breakout level from the prior week. […]

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The Price Of Gold Spikes As Investors Get Spooked By Talk Of World War III And Nuclear Conflict

Whenever the world starts going crazy, investors instinctively begin flocking to precious metals.  So it wasn’t exactly a surprise when gold and silver prices started to move upward aggressively as global leaders continued to talk about the possibility of World War III and nuclear conflict.  The price of gold spiked to a five month high on Tuesday, and as I write this article gold is currently sitting at $ 1277.10 an ounce.  Right now silver is at $ 18.35 an ounce, and many analysts believe that it is poised for a dramatic jump in the weeks and months to come […]

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Paper Gold Trading Market Continues To Depress Price

How do you depress the physical gold price? It’s quite easy… you throw $ 10 trillion paper dollars at it. Not only did global paper gold trading amount reach a new record in 2016, it surpassed the previous year’s total by nearly 50%. This is simply amazing when we look around at the staggering amount of insanity taking place in the financial markets. With the economic and financial markets sitting at the edge of the cliff, it would seem prudent for investors to curtail their highly leverage bets in the “Paper Gold Casino” and buckle down by purchasing real physical […]

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Russian Roulette, Central Banks, and Gold

Grab your ultra-reliable 357 magnum revolver and load the cylinder with six, not one, rounds of ammunition. Point the gun at your head if you are a member of the struggling middle-class. Imagine pulling the trigger and hoping … Do you feel lucky? The Six Loads of Ammunition for your 357 revolver are: #1: Central banks and commercial banks exert a huge influence over all aspects of our financial lives. Paper currencies issued by central banks, digital currency units, credit card debt, pension funds, retirement accounts, checking accounts, Quantitative Easing, bond monetization, congress, regulators, Presidents, and the list goes on. […]

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Low Gold and Silver Premiums Beckon, but Be Careful…

Holding some physical gold and silver has been a good idea for a few thousand years. That never changes. However, some moments are better than others when it comes to picking an entry point. Now may be one of those auspicious times. Plentiful inventory and soft demand have pushed premiums for bullion products to their lowest levels in years. U.S. 90% silver coins minted before 1965 – aka “junk silver” – can now be had for less than $ 1/oz over the spot price. Pre-1933 U.S. gold coins have also fallen dramatically in price. Mints, refiners, and dealers are cutting […]

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Gold and Silver Are Like a Blue-Ringed Octopus…

The primary investing emotion “twin dragons” are fear and greed. Greed, a powerful motivator, can turn on a dime and change into fear – of loss or even fear of missing out. Most people start by watching a market rise, afraid to risk taking a position. After the uptrend has become well-established, the “Lookie Lou’s” finally go into action. Having been “short-term bearish,” they “get long” or go “all in,” “backing up the truck.” Sure enough – soon thereafter the price plunges. What they initially viewed as just “a correction” may turn into a long-term top. Either way, the fear […]

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Gold in Islam: A Whole New World of Demand

Most analysis of gold and silver markets tends to be U.S.-centric. However, the next secular trend in precious metals markets may have less to do with U.S. debt, U.S. politics, the U.S. central bank, and the U.S. dollar and more to do with a gigantic new source of demand. It’s not the 1970s anymore. Back then, big moves in the metals markets were centered on United States. The great gold and silver mania of the late 1970s was driven by inflation fears and a rush of speculative demand. Although coin dealers struggled to keep up, there was no actual global […]

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Using Gold and Silver in New Ways

I’m Mike Gleason and welcome to this week’s Market Wrap Podcast. Coming up David Morgan of The Morgan Report joins me to discuss the year ahead for silver. He also gives some great advice on how to make and keep profits when investing in precious metals and talks about a tipping point he sees ahead in the silver market. Don’t miss a fantastic interview with the silver guru himself, David Morgan, coming up after this week’s market update. Well, gold and silver markets continue to press ahead. As the Dow Jones Industrials put in 10 days in a row of […]

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Gold & Silver Buying to Rise on Inflation and Geopolitical Uncertainty

Notwithstanding the strong demand for gold and silver globally, buying activity in the U.S. retail market for physical bullion has fallen noticeably in the wake of Donald Trump’s election victory. And retail selling in the U.S. has increased. The bullion markets have entered a new phase. The two terms of President Obama included the aftermath of the 2008 financial crisis, zero interest rate policy from the Federal Reserve, and multiple rounds of Quantitative Easing. Reasons to buy gold and silver were plentiful. Today, the reasons to diversify into gold and silver are as strong as ever, but they’re perhaps less […]

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