Silver & Platinum Supply Deficits Steepen, Underpinning Prices
As markets reopen following the Thanksgiving holiday, investors are feeling thankful that interest rates are no longer rising....
Mike Gleason
November 24th, 2023
Money Metals' Weekly Market Wrap
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Biden Bizarrely Brags About Lower Deficits as Federal Debt Skyrockets
Under the new leadership of House Speaker Mike Johnson, Congress passed a stopgap funding bill on Tuesday to once again avert a government shutdown. It was quickly approved by the Senate on Wednesday,...
Mike Gleason
November 17th, 2023
Fed Continues Tough Talk; Silver & Platinum Look Most Undervalued
As central bankers stubbornly refuse to admit they are done hiking interest rates, precious metals markets are wavering. The Federal Reserve left its benchmark rate unchanged at a 22-year high at the...
Mike Gleason
November 10th, 2023
Gold Holds Firms as World Braces for Financial Turmoil, War
As the Federal Reserve puts a hold on interest rates, investors have to ask themselves whether the elevated inflation rate is also on hold. The Fed's preferred measure of so-called "core" inflation, ...
Mike Gleason
November 3rd, 2023
Inflation Deception Enables Cheerleaders to Claim Economy Is Growing
Well, if you believe the reporting coming out of the mainstream financial media, then the economy is going gangbusters. The Fed has succeeded at crushing the bond market, freezing the housing market, ...
Mike gleason
October 27th, 2023
Gold Flirts with $2,000 on Middle East Conflict, New Spending Demands
As financial markets gyrate, investors are finding safe haven in precious metals. The stock market sold off on Thursday on interest rate fears. It's not so much the threat of additional rate hikes by...
Mike Gleason
October 20th, 2023
Hot War in Middle East Bolsters Gold and Silver Prices
A hotter than expected inflation report helped trigger a spike in bond yields and a selloff in stocks. Precious metals, meanwhile, are garnering some safe-haven buying as the threat of a larger-scale ...
Mike Gleason
October 13th, 2023
Speaker McCarthy Got Fired, but Will the Debt Spiral Slow?
Well, the shift in the calendar has so far failed to produce any shift in the trend for precious metals markets. Gold and silver are extending their recent price declines here in the first few trading...
Mike Gleason
October 6th, 2023
Looming Federal Government Funding Deadline Grabs Headlines
Precious metals markets got hammered earlier this week as interest rates continued their relentless march higher. The 10-year Treasury note recorded its highest yield since 2007. Meanwhile, the avera...
Mike Gleason
September 29th, 2023
Biden Administration Expands War on Critical Natural Resources
Fears of inflation remaining stubbornly high, and interest rates going higher, rattled financial markets this week. On Wednesday, the Federal Reserve left its benchmark funds rate unchanged as expect...
Mike Gleason
September 22nd, 2023
Leveraged Assets Beginning to Buckle under High Rates
Precious metals markets are trading quietly this week even as inflation data comes in hotter than expected. The latest Consumer Price Index and Producer Price Index reports show inflation ticked back ...
Mike Gleason
September 15th, 2023
Something Isn't Adding Up as U.S. Debt Soars to $2 Trillion in 2023
Precious metals markets are retreating this week as official U.S. employment data comes in surprisingly strong....
Mike Gleason
September 8th, 2023
More Americans Are Realizing the Fed’s Role in Causing Higher Prices
Precious metals markets enter trading for the month of September with bulls hoping positive seasonal forces kick in. Gold and silver markets have traded mostly lower since late spring. They did rall...
Mike Gleason
September 1st, 2023
Monetary Elite from Multiple Camps Plot Currency Strategies
Precious metals markets are rebounding this week as central bankers from around the world gather at Jackson Hole. Investors nervously awaited remarks by Federal Reserve chairman Jerome Powell. Fears ...
Mike Gleason
August 25th, 2023
TV Talking Heads Predict No Recession While Shrinkflation Clips Consumers
Precious metals markets are extending their losing streak as the U.S. dollar pushes higher. The Dollar Index rose for a fifth straight week through Thursday's close....
Mike Gleason
August 18th, 2023
U.S. Mint Bureaucrats Undermine the Once-Great American Eagle Brand
The upshot of soft market conditions for gold and silver is favorable buying opportunities for bargain hunters. Not only are spot prices down, but so are premiums on popular bullion products available...
Mike Gleason
August 11th, 2023
Secretary Yellen Whines about Fitch’s Downgrade of U.S. Credit Rating
Credit ratings agency Fitch this week issued a surprise downgrade of the U.S. government's once vaunted AAA credit rating. Recent political brinksmanship surrounding the debt ceiling helped prompt the...
Mike Gleason
August 4th, 2023
Fed Expects No Recession as Inflation Negates Actual Economic Growth
Rate hike concerns are weighing on precious metals markets this week. The Federal Reserve lifted its benchmark funds rate by a quarter point as expected on Wednesday. Many investors had been looking ...
Mike Gleason
July 28th, 2023
Interest Rate Markets Flash Warning Signs
As the U.S. dollar continues to lose purchasing power at home and prestige around the world, a major presidential candidate is calling for a return to sound money. Also, let's review this week's marke...
Mike Gleason
July 21st, 2023
Inflation Data Has Given Federal Reserve an Excuse to End Rate Hikes
A potentially pivotal week of trading is seeing precious metals markets push higher. The main catalyst is a breakdown in the U.S. Dollar Index. On Thursday, the dollar slid to its lowest level in mor...
Mike Gleason
July 14th, 2023
