July 2023 - Week 2 Edition
Gold and Silver Strengthen
Gold has held up strongly while U.S. stocks and bonds vacillated wildly after two conflicting job reports last week.
July 2023 - Week 1 Edition
The Role of the National Coin & Bullion Association (NCBA)
In my four decades of active involvement and three decades on the ICTA/NCBA board, I am most proud of working toward the removal or lowering of tax rates on the sale of coin and bullion products in Texas, Louisiana, and other states over the last decade.
June 2023 - Week 4 Edition
GOLD and SILVER Recovering from Slide
Gold – and especially Silver – are recovering this week from their lows last week, based on a weaker dollar and some new global uncertainty following what appears to be a failed coup attempt in Russia over the weekend.
June 2023 - Week 3 Edition
Powell’s Federal Reserve is “Behind the Curve” Once Again –
Jerome Powell was appointed Chairman of the Federal Reserve by President Trump in November 2017, and he took control of our central bank in February 2018. Powell’s first major mistake in December of that year was to raise interest rates one time too many, causing a huge stock market crash in the Christmas season for no good or explainable reason.
June 2023 - Week 2 Edition
Gold Rallies on News of Interest Rate ‘Pause’
Stocks are recovering, and so is gold, which rose $20 – from $1,930 to $1,950 – in the first two hours of trading on Thursday.
June 2023 - Week 1 Edition
The “Debt Ceiling Debate” is Over but Debt Keeps Soaring … to $50 Trillion?
The much-heralded “debt ceiling debate” is apparently resolved but nobody seems very worried about the implications of lifting that ceiling and spending with abandon once again. The Congressional Budget Office now projects a federal budget deficit of $1.5 trillion for Fiscal Year 2023, and every year for the next decade.
May 2023 - Week 5 Edition
Precious Metals vs. Stocks and Currencies in May and Year-to-Date
Gold continues to beat the Dow Jones Index over the short- and long-term but the other stock market indexes are surpassing most other commodities in 2023, as the (Refinitiv/Core Commodity) CRB commodity index is down over 6% in 2023. This makes gold’s 8.3% gain all the more remarkable, beating the commodity index by over 14%.
May 2023 - Week 4 Edition
Gold and Silver Are Also Beating Their Real Competition – Currencies and Bonds
Gold has doubled in the past 10 years in euro terms, and gold is up 80% in the past five years in euro terms. In dollar terms, gold is up 53% in the past five years …
May 2023 - Week 3 Edition
Investors Favor Buying Gold Now
A recent Gallup poll showed that Americans’ choice as one of their favorite investments for the long-term is gold, second only to real estate. In the last year, gold leaped over stocks, rising from 15% to 26%, from third place to second place and reaching its highest level in this annual poll (taken every April) since 2012.
May 2023 - Week 2 Edition
Three Revived Forces Could Push Gold Higher in May and June
These three looming dangers – a spreading bank crisis, a coming debt ceiling debate and potential global escalation of the old Cold War – point toward higher gold prices in the coming months.
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