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.
May 2023 - Week 1 Edition
April and 2023 Year-to-Date Performance
Gold continues to beat the stock market over the short- and long-term, with silver catching up fast. The precious metals are performing especially well considering the fact that the major commodity indexes are down for 2023, year to date.
April 2023 - Week 4 Edition
Why the Dollar is Sinking, and What it Means to Gold’s Future
The last time there was a threatened debt default in a debt ceiling debate, gold soared 25% in two months in 2011.
April 2023 - Week 3 Edition
Gold is Holding Strong Ahead of Next Upward Move
Gold traded above $2,000 every day but two during the first two weeks of April, the longest string of $2,000 days in gold’s history, eclipsing the previous record from August 2000.
April 2023 - Week 2 Edition
Raising Interest Rates Too Rapidly is Hurting Businesses, Families, and Our Country
Another example is described in an op-ed article in last Monday’s Wall Street Journal by Allysia Finley, about the coming failure of Stadiums and Subways, titled “The Coming Biden Bailout of Blue States and Cities.” She describes projects such as the $124 million minor-league soccer stadium in Pawtucket, Rhode Island, set to receive about $60 million in state tax credits. That’s a lot of money to spend for a minor sport in a minor-league city in our smallest state, but when interest rates are zero, where’s the risk!?
April 2023 - Week 1 Edition
GOLD and SILVER Bullying Their Way Ahead of Stocks in Q1
Gold had a strong first quarter (+8%). Silver was even stronger than gold in March, gaining 15% in that one month to close slightly above break-even for the first quarter after being down sharply in the first two months of the year.
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