October 2022 - Week 2 Edition
Dollar’s Rally Pushes Gold Down
Gold is back under $1,700, mostly due to the dollar’s rally back to 113 on the U.S. Dollar Index vs. 110 a week ago and 97 at the start of the year. Last Friday, a “stronger than expected” jobs report pushed interest rates and the dollar up and gold and stocks down.
October 2022 - Week 2 Edition
Dollar’s Rally Pushes Gold Down
Gold is back under $1,700, mostly due to the dollar’s rally back to 113 on the U.S. Dollar Index vs. 110 a week ago and 97 at the start of the year. Last Friday, a “stronger than expected” jobs report pushed interest rates and the dollar up and gold and stocks down.
October 2022 - Week 2 Edition
Dollar’s Rally Pushes Gold Down
Gold is back under $1,700, mostly due to the dollar’s rally back to 113 on the U.S. Dollar Index vs. 110 a week ago and 97 at the start of the year. Last Friday, a “stronger than expected” jobs report pushed interest rates and the dollar up and gold and stocks down.
October 2022 - Week 2 Edition
Dollar’s Rally Pushes Gold Down
Gold is back under $1,700, mostly due to the dollar’s rally back to 113 on the U.S. Dollar Index vs. 110 a week ago and 97 at the start of the year. Last Friday, a “stronger than expected” jobs report pushed interest rates and the dollar up and gold and stocks down.
October 2022 - Week 1 Edition
Prepare for a Much More Positive Fourth Quarter!
If you take all 47 years in which it was legal for Americans to buy gold (1975 to 2021), the average six-month gain from August 1 to January 31 was 5.93%, or 15-fold in 47 years, compounded. However, the average six-month gain from February 1 to July 31 was only 0.8% per year or 45% total, in 47 years. In other words, if you just bought and held gold, your gains from August to January were over 30 times your gains from February to July.
September 2022 - Week 4 Edition
As Hurricane Ian Hits America, Consider Your “Green” Escape Plan
We know many friends in “hurricane country” and hurricanes sometimes hit our homes near Beaumont, Texas. Don’t send any packages to Florida this week. They won’t get there. We wish our friends in Florida and Georgia the best, but I hope you’re not counting on escaping the storm in an electric car or riding out the storm with a “green” generator.
September 2022 - Week 3 Edition
American Silver Eagle Bullion Coin Premiums are Still Too High
We have reported the fact that Rep. Alex Mooney (R-WV) wrote a letter to Secretary of the Treasury Janet Yellen and Mint Director Ventris C. Gibson on August 25, inquiring about the Silver American Eagle bullion coin delays and shortages. We took a look at the Mint’s September 2022 bullion coin sales and found they had sold 833,000 ounces of Silver American Eagles through September 20. Last September (2021), the Mint sold 2,735,000 Silver American Eagles. This is not an improvement over last September.
September 2022 - Week 3 Edition
American Silver Eagle Bullion Coin Premiums are Still Too High
We have reported the fact that Rep. Alex Mooney (R-WV) wrote a letter to Secretary of the Treasury Janet Yellen and Mint Director Ventris C. Gibson on August 25, inquiring about the Silver American Eagle bullion coin delays and shortages. We took a look at the Mint’s September 2022 bullion coin sales and found they had sold 833,000 ounces of Silver American Eagles through September 20. Last September (2021), the Mint sold 2,735,000 Silver American Eagles. This is not an improvement over last September.
September 2022 - Week 2 Edition
Congressman Alex Mooney Looks into the Mint’s Chronic Silver Shortages and Delays
U.S. Mint sales of gold bullion coins declined in August but they were up for the year-to-date. By contrast, silver bullion coin sales continue to decline, year-over-year, due to the shortage of silver “blanks” for minting new coins.
September 2022 - Week 2 Edition
Congressman Alex Mooney Looks into the Mint’s Chronic Silver Shortages and Delays
U.S. Mint sales of gold bullion coins declined in August but they were up for the year-to-date. By contrast, silver bullion coin sales continue to decline, year-over-year, due to the shortage of silver “blanks” for minting new coins.
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