September 25, 2020 by Michael Maharrey 0 0 I bet you have gold within arm’s reach right now — even if you aren’t wearing any jewelry. Wanna take my bet? It’s in your cell phone! If your cellphone is within arm’s reach, so is a little bit of gold. According to the US Geological Survey, the average cell… Read More
” Argentina está de moda. Este jueves, en un momento, ocupaba las tres primeras posiciones entre las noticias más leídas en Bloomberg: 1.- El brote del virus en Argentina se desata mientras la región experimenta cierto alivio, 2.- Los argentinos están comenzando a sacar sus ahorros en dólares de los bancos, 3.- La curva de rendimiento… Read More
September 25, 2020 by SchiffGold 0 0 Gold and silver got hammered (along with stocks) this week as the dollar strengthened with a sudden bout of risk-off sentiment. Rising numbers of coronavirus cases have ignited fears of new economic restrictions and markets have fretted about the lack of additional stimulus. Gold is at a 2-month low. So, is… Read More
Precious metals markets got clobbered early this week as gold and silver broke down from their high-level consolidations. Strength in the U.S. Dollar Index seemed to be the catalyst that got the selling going. Once key technical levels got breached, the selling intensified.
This week we cover the price movements of gold, silver, platinum, palladium, the US Dollar Index, equities and more. The US Dollar saw a short term surge upwards which has impacted the surrounding markets. Equities also saw turbulent trading during the middle of the week. Thanks for listening, if you enjoy be sure to subscribe… Read More
America is about growth and getting big, supersized, or bigly, as the president would say. There’s no debate, growth is good, in fact essential; bigger is better. One man who believes the end of all this bigness is nigh is Kirkpatrick Sale, a prolific author, most notably of Human Scale and Human Scale Revisited, and a notable… Read More
September 24, 2020 by SchiffGold 0 0 The markets got clobbered again on Wednesday (Sept. 23) with the exception of the US dollar, which hit a 2-month high. Not even the bond market managed to rally even with the stock market selling off and a strong dollar. Gold was down nearly $40 on the day and silver hit… Read More
September 24, 2020 by Michael Maharrey 0 1 Gold had another precipitous drop on Wednesday (Sept. 23), falling through the support level at $1,900 to a 2-month low. That has led some to ask – is the gold bull dead? The concern is understandable but I think it’s too early to declare last rites. In order to believe… Read More
Dollar rallies in the face of stock market fall. Bubble stocks more bubblicious. Monetary stimulus only stimulates inflation. Daymond John wants the government to print more money. It’s not an L-Shape or V-Shape recovery, because it’s not a recovery. Too much can kicking has made the can too big. Democrats throwing stones from their glass… Read More
September 23, 2020 by SchiffGold 0 1 It’s not just the federal government running massive deficits and piling up enormous levels of debt. Thirty-nine US states don’t have enough money to pay all of their bills. That was the grim conclusion of Truth in Accounting’s annual Financial State of the States report. The report summarizes a comprehensive analysis… Read More
September 23, 2020 by Michael Maharrey 0 0 To hear Federal Reserve officials, politicians and mainstream financial media pundits tell it – there is no inflation. In fact, the consumer price index remains “stubbornly low” according to those who view rising prices as an economic good. But inflation defined correctly is rampant. In fact, it is at all-time… Read More
Dollar bounce gives opportunity to gold buyers. BIS expresses concern about record equity valuations. Election focus just changed radically to RBG replacement. Thanks for listening to this week's McAlvany Commentary. The objective of McAlvany Weekly Commentary is to provide investors with valuable monetary, economic, geopolitical and financial information that cannot be found on Wall Street.… Read More
America is about growth and getting big, supersized, or bigly, as the president would say. There’s no debate, growth is good, in fact essential; bigger is better. One man who believes the end of all this bigness is nigh is Kirkpatrick Sale, a prolific author, most notably of Human Scale and Human Scale Revisited, and a notable… Read More
America is about growth and getting big, supersized, or bigly, as the president would say. There’s no debate, growth is good, in fact essential; bigger is better. One man who believes the end of all this bigness is nigh is Kirkpatrick Sale, a prolific author, most notably of Human Scale and Human Scale Revisited, and a notable… Read More
September 22, 2020 by Michael Maharrey 0 1 The 2020 budget deficit surged passed $3 trillion in August even as the US government continues to borrow and spend at a torrid pace. Since March, the federal government has added $3.3 trillion to the national debt. That is on top of the $1.4 trillion in debt Uncle Sam piled… Read More
September 22, 2020 by SchiffGold 0 0 Monday (Sept. 21) looked a lot like March with everything selling off as the dollar rallied. There was a sudden burst of risk-off sentiment due to worries that a spike in coronavirus cases could lead to new economic lockdowns coupled with significant political uncertainty after the death of Supreme Court Justice… Read More
Everything gets slammed. Chart looking weak for the Dow and Russell, strong for silver. Bloom coming off the rose of economic recovery. Political tensions rise with death of Ruth Bader Ginsburg. US government is the biggest threat to America, not terrorists or COVID. Fiscal stimulus requires monetary stimulus. The constitution has to be applied, not… Read More
The final FOMC meeting prior to the November 2020 election happened this week as the Fed indicated near zero interest rates until 2023 with additional monthly QE spending. We cover the price movements of gold, silver, platinum, palladium, the US Dollar index, and equities markets. Thanks for listening, if you enjoy be sure to subscribe… Read More
” Wall Street termina su tercera semana consecutiva en ‘rojo’ con sus índices alejándose de sus niveles de máximos históricos. La reunión de la Fed marcó la semana y la falta de nuevas medidas dejó dudas. La negociación de un segundo paquete fiscal en el Congreso, de entre US$ 1,5 y 2,2 B, no han… Read More
September 21, 2020 by SchiffGold 0 0 As the Federal Reserve meeting wrapped up last week, Peter Schiff appeared on RT Boom Bust. The interview covered a number of topics, including gold, oil prices, the Fed and the Snowflake IPO. The discussion started with the rising prices of gold and silver. Peter said central bank policy is creating… Read More