It's been a better week than it feels--despite the beatdowns, precious metals are still up and the gold:silver ratio is coming down.
If you own precious metals, please pay attention.
Gold and Silver are surging this morning but it is the latter that is dramatically outperforming...Gold futures are back above $1750...
In this important interview Egon von Greyerz of Matterhorn Asset Management AG, answers questions of Jan Kneist's Investor Talk.
Just as the premium between physical and paper precious metals prices was starting to fade a little, the US Mint has decided to temporally halt all production at its West Point facility in New York because of the risk to employees from COVID-19.
By now it becoming clear to many that demand for precious metals, as the world 'turns', is far outpacing supply as major gold suppliers and sellers exclaim "there is no gold."
It could destroy norovirus, MRSA, virulent strains of E. coli, and coronaviruses--including the novel strain currently causing the COVID-19 pandemic.
Finally, the paper silver market seems to be breaking down. At retail silver sellers like JM Bullion, prices are now about double the spot (rigged paper market) price. At the time of this writing, spot was $12.17 while 1-oz silver rounds were $21.52
Mike Maloney explains what is happening now over a year ago in February 2019 - Learn to Use FreedomsPhoenix 'Time Machine' (How did FreedomsPhoenix Know?... Ahhh... How did Not Know? How to use FreedomsPhoenix TO KNOW...)
Mike Maloney explains what is happening now over a year ago in February 2019 - Learn to Use FreedomsPhoenix 'Time Machine'
Precious metals have plunged in the markets, but there is still demand for physical coins in the midst of the coronavirus outbreak, this according to Phil Streible, chief market strategist of Blue Line Futures.
According to ETF Trends, the extreme volatility in levered ETFs and their need to re-balance may have created a disconnect among gold mining stocks' valuation vs. their fundamentals, possibly causing today's outperformance.
"There is more or less a global lockdown" in the wake of the spread of COVID-19, said Kanarni, in an early Monday market update. "There was a mad rush for cash. Traders and investors alike sold everything which could generate cash."
Compared to gold, silver is a bloodbath...
While Beijing has been doing everything in its power to keep equity markets artificially supported to avoid a collapse in the precious "wealth effect" and investor sentiment, throwing the kitchen sink at equities and in addition to a record liquidity
Why is Gold Skyrocketing?
De Beers, the world's largest diamond miner, has seen plunging profit margins as the diamond crisis deepens in 2019 and set to worsen in 2020.
And as we've been discussing, foreign central banks are starting to dump their US dollars for gold, scooping up hundreds of metric tons of the stuff...But silver is different.
Who would have thought that JPMorgan's precious metals trading desk is the functional equivalent of the mafia, and that its one-time leader, Blythe Masters, was the mafia's don?
Rick Rule, President & CEO of Sprott USA Holdings, speaks with us again on SBTV as we discuss why math alone is supporting the case for gold and silver, and dissect investor psychology to distinguish the habits of winners and losers in bull and bear
Merrill Lynch Caught Criminally Manipulating Precious Metals Market "Thousands of Times" Over 6 Years
Time to bring lithium production back to the U.S.
Palladium soared to a new record high over $1600 an ounce overnight, up 27% year-to-date, as global supply concerns dominate slumping-auto-demand fears.
What is money, where does it come from and more importantly where does it go?
Erik Prince, the founder of private security firm Blackwater, plans to raise as much as $500m to capitalize on the rush into metals required for batteries used in electric cars, according to the Financial Times.
A team of Chinese researchers from the Dalian Institute of Chemical Physics, at the Chinese Academy of Sciences in Liaoning, has transformed copper into a new material "almost identical" to gold, according to a new study published in the peer-rev
Death of the Dollar Series
On November 9, the Canadian government amended rules for "non-mailable items" and snuck into those rules is a prohibition against mailing ". . . gold bullion, gold dust and non-manufactured precious metals . . ."
The Gold COT report shows gold shorts piling on in addition to long liquidation. Meanwhile, the price of gold is rising.
I have friends who are convinced that a cartel is manipulating the gold and silver markets. I have other friends who disagree, but today I'll hang with the former. And they plead a good case, with there being 100 times more paper gold than physical