Gold Hits New Record High and There's More to Come
• Mish ShedlockGold is on a huge 11-week run. The last time gold did that was at the 2011 high. Is a pullback in order? A Gold COT chart says otherwise.
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Gold is on a huge 11-week run. The last time gold did that was at the 2011 high. Is a pullback in order? A Gold COT chart says otherwise.
MARKET IS OPEN (Will close in 8 hrs. 20 mins.) Jul 27, 2020 08:41 NY Time 24.18Bid 24.29Ask High: 24.76 Low: 23.93
There is well-known strategy used in cycling to win races.
- Massive Spending DOOMS Global Economy! - The Crash Is IMMINENT! Josh Sigurdson talks with Keith Neumeyer about the rise of silver and the potential for the precious metal to reach more than $100 an ounce! There's even the possibility of silver go
Three elements cause physical delivery on the COMEX to have reached record highs this year: strong demand for futures in New York, a persisting spread between the price of futures in New York versus spot gold in London, and arbitrage.
President Trump's two Federal Reserve nominees, including the hot-button pick Judy Shelton, will proceed to a vote in the full Senate.
It's probably nothing but as precious metals are seeing a dramatic bid, the USDollar is tumbling to its lowest since January...
Precious metals prices are once again on the rise this morning with spot gold prices back above $1900...
Investor money still piling into at-home stocks. The world is going back to a gold standard whether the Fed wants one or not. Massive moves in silver coming. Traders unwinding short spreads on precious metals. The canary in the coal mine is dropping
Gold prices have been rising since March, and the rally still has legs as the Covid-19 pandemic, dovish policies, a weaker dollar and potential inflation all bode well for the metal.
Deutsche Bank's Top Credit Strategist Makes Stunning Admission: "I Am A Gold Bug; Fiat Money Is A Passing Fad In The History Of Money"
Deepening negative yields in the U.S. Treasury market are fueling a frenetic rally in gold that's boosting the precious metal toward a record.
"...the canary is dropping dead."
WTF Happened in 1971; precious metals; gold standard...
Update (0830ET): 5 minutes after we posted and suggested that BIS precious metals boss Benoit Gilson should "get back to work"... he did...
The current fiat international monetary system is ending--unconventional monetary policy has entered a dead end street and can't reverse. I have written about this before, and will not repeat this message in today's article.
Just a few short months after dropping to the lowest since 2009...
Government propaganda is super-abundant in America. When it comes to money, Americans are expected to never contemplate a single thought about gold as the ultimate money. For thousands of years, countless civilizations around the world have used gold
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.
Well that was not supposed to happen...
NASDAQ: PAAS
Finance and economic expert Alasdair Macleod says the gold market is "extremely dangerous as far as the bullion banks, swaps and trading desks" that, at some point soon, are going to have to deliver physical gold they do not have.
This is all about how precious metals are the ultimate insurance policy in a world gone mad.
Gold has had a great run over the past year. Gold prices have risen in every single currency on earth and in many currencies gold prices are up well over 30 percent from last summer.
Great interview with Michael Novogratz, Galaxy Digital founder, CEO, and chairman. He sounds exactly likey the global macro heads at GMM.
Great interview with Michael Novogratz, Galaxy Digital founder, CEO, and chairman. He sounds exactly likey the global macro heads at GMM.
When it comes to Venezuela, Britain is suffering from split personality disorder.
Dire assessment by a respected analyst not prone to rash claims. His latest analysis indicates a highly likely systemic banking crisis by the end of this month. Central banks will accelerate the demise of currencies, and thus disempower governments
Bitcoin, Gold and Stock Markets Rally while Dollar is losing heavily, a new report shows the staggering deficit growth. We also discuss altcoins and other crypto news.
If JP Morgan keeps shorting silver with increasing demand for delivery, they're going to lose it all, and won't be able to issue contracts, allowing the price to go up. If they simply stop shorting, the price of silver goes up.