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2018 Should Be Bullish For The Precious Metals Sector

Usually I’m loathe to stick out price targets on the markets, especially gold and silver, because of the undeniable market intervention of the Central Banks – market manipulation which is blatant to the point at which it is now denied only by card-carrying idiots. Gold and silver had a sharp run-up in the last two weeks of 2017. However, the abrupt move in gold was accompanied by a rapid rise in the gold futures open interest on the Comex. The “commercial” – aka “the banks” – net short position in Comex gold futures has increased by 100,000 contracts (from 120 […]

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Precious Metals Markets 2018

The first trading days of 2018 are confirming signs of renewed investor interest in the precious metals sector after a long period of malaise. Gold and silver markets entered the year with some stealth momentum after quietly posting gains late in 2017. Gold finished the year above $ 1,300/oz. – its best yearly close since 2012. Over the past five years, the yellow metal has been basing out in a range between $ 1,050 and $ 1,400. A push above $ 1,400 later this year would therefore be significant. It would get momentum traders and mainstream financial reporters to take […]

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Precious Metals Finish Strong, Investors Eye Silver in 2018; David Morgan: Smart Money

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up David Morgan of The Morgan Report joins me for a replay of one of the very best interviews we did in 2017. David talks about the metals and the markets and shares his insights on what the smart money is already doing, the dangers of complacency and the importance of limiting counter party risk. Back by popular demand, don’t miss this wonderful interview with the Silver Guru, David Morgan, coming up after this week’s market update. As markets close out their final trading day of 2017, it’s a […]

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Be a Precious Metals’ Winner with a Mind Like Water

We’re in the midst of a massive, transformational change that will redefine where we are, what we think is true, and where we believe the future is headed. With sensory input from across the political and economic spectrum of the Internet bombarding us 24/7, it’s understandably difficult to follow through on a decision once made, even if you’ve researched carefully and thought things through beforehand. Nowhere is this more difficult right now than the decision of whether or not to invest in – or add to – one’s position in the physical gold and silver space. Not only that, but […]

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Money Metals Exchange Is Also Your Crypto/Metals HQ

Money Metals Exchange began accepting Bitcoin payments for gold and silver bullion nearly 3 years ago, putting us among the very first in our industry to do so. Today, we are announcing expanded services – both when buying and selling precious metals – using several crypto-currencies. We believe honest money is core to liberating people and protecting their savings. History is clear as to how the game of unrestrained government borrowing, printing, and spending will end. The holders of the world’s fiat currencies will wind up holding the bag. There can be no doubt that tangible, off-the-grid, gold and silver […]

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Precious Metals and A Bit of Tax Planning

The IRS classifies bullion coins and bars which carry zero collectible value the same way it categorizes a collection of baseball cards. Because of the IRS’s dishonest interpretation of tax law, gold and silver bullion is currently subject to the higher 28% long-term capital gains rate for “collectibles.” By comparison, the rate for Wall Street and government approved assets – just about everything else – is 15-20%, depending upon the taxpayer’s income. Investors might as well use this punitive long-term capital gains rate to their advantage. Metal purchased more than a year ago at a higher price can be sold […]

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Quiet Metals Markets Catalyst

Fear and greed drive the precious metals markets, but there hasn’t been much of either pushing gold and silver prices lately. Investors have grown tired of worrying about geopolitical events, ever increasing federal debt ceilings and ever inflating equity bubbles. Meanwhile, greedy trend traders continue piling in to hot markets. With the exception of palladium, metals prices have been stagnant for most of the year. For the time being, gold and silver are looking pretty boring relative to the hefty gains in stock prices and the explosive rise in Bitcoin. Goldbugs are still waiting for a catalyst to shift investor […]

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Precious Metals Analyst Totally Omits Silver Investment Demand From Market Fundamentals

The motivation to write this article came from several of my readers who sent me an interview by CPM Group’s Jeff Christian, at the San Franciso Gold and Silver Summit. In the video, Jeff claims that there has been a silver market surplus for ten years and those industry analysts, who have reported deficits, “Are simply wrong.” Jeff goes onto to say, “they have been wrong the entire time they have been on the silver market.” Jeff continues by explaining that to analyze the silver market correctly, you must look at surplus and deficits based on total supply versus total […]

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Choosing a Precious Metals IRA Firm

Self directed IRAs are increasingly popular as investors discover they can use them to escape the ring fence represented by traditional IRA accounts. Banks and brokerages successfully cultivated the idea that IRAs should contain only conventional securities – stocks, bonds, and mutual funds. The truth is that they get paid handsomely for selling those paper assets, so that is all they put on the menu. But word is getting out that it is perfectly legal and easy to own tangible assets, including real estate and precious metals, in an IRA. Investors just have to leave Wall Street and find a […]

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Will the Tax Reform Debate Impact Precious Metals?

November 20, 2017 — Precious metals got a boost last week as investors were reminded that stock prices move in two directions — up and down. The S&P 500 and the Dow both finished the worst two weeks they have seen since August. The selling certainly wasn’t dramatic (both indexes remain within about 1% of their all time highs), but it does represent the recent negative correlation between stocks and metals. Absent the return of an inflation trade, any sustained rally in metals will likely have to be fueled by investors fleeing the stock markets. We’ll see how the equity indexes fare this […]

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