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.
March 2023 - Week 5 Edition
GOLD Crosses $2k Threshold Twice in One Week
Gold touched $2,000-plus twice last week, reaching $2,006 before dropping to $1,960 on a stronger dollar Friday and some profit-taking Monday by gold traders. The number of failing banks seemed to pause, for the moment, due to promises of bailouts to all depositors – although these were not clear promises, as it turns out, with Treasury Secretary Janet Yellen waffling and sending stocks down, only to recover later.
March 2023 - Week 4 Edition
Gold Topped $2,000 For Just the Third Time in History
Gold enjoyed a powerful mid-month rally in March. Rising from a low of $1,811 on March 8, gold peaked at over $2,000 per ounce on Monday, March 20, just 12 days later, mostly due to the global banking crisis, centered in San Francisco and Switzerland, but threatening contagion in other areas.
March 2023 - Week 3 Edition
The Special Problems – Long Ignored – With Silicon Valley Bank
This is a lot like the bank and S&L crisis of the late 1980s, rare coin prices soared. And when the real estate bubble and financial crisis of 2008-09 occurred, gold, silver and rare gold coin prices soared. And when we experienced the dollar and inflation crisis of the late 1970s, both precious metals and rare coins soared.
March 2023 - Week 2 Edition
President Biden is Presenting a Spendthrift Budget Relying on Tax Increases for Funding
We are already well past the point where our accumulated debt (over $31 trillion) has passed the annual GDP ($23 trillion). The only other time this happened was at the end of World War II.
March 2023 - Week 1 Edition
The U.S Budget Deficit is on Pace for $1.3 Trillion in 2023 & $20 Trillion in a Decade
There is a looming debt ceiling debate. The cumulative public debt is over $31 trillion and rising. During the first four months of this Fiscal Year (2023), beginning October 1, 2022, the federal government has amassed a $459 billion deficit – an annual rate of $1,377 trillion.
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