June 2021 - Week 2 Edition
Most Commodities are Soaring as the U.S. Dollar Has Fallen Nearly 12% in the Last 15 Months
Despite a short, sharp rally late last week, the U.S. Dollar Index (DXY) is down 3.5% since March 31, 2021, and it is down almost 12% since the COVID-19 lockdown began on March 15, 2020, when the Federal Reserve and Congress began authorizing trillions of new dollars in relief and stimulus spending.
June 2021 - Week 1 Edition
Gold Surpasses $1,900! Get You Some!
Gold surpassed $1,900 last week and stayed above that new floor for the rest of the week, closing out May at $1,912 an ounce. Gold had not closed above $1,900 since the first week of January and silver surpassed $28 an ounce for only the second time since September 1, 2020, so the metals were on a strong surge going into Memorial Day. In the past 10 days, the 10-year Treasury yields have come down about 10 basis points, from 1.68% to 1.58%, giving gold an advantage while inflation is rising – pushing “real” interest rates further below zero. Meanwhile, the U.S. Dollar Index continues to meander lower, falling 1.5% during May, while the Biden Administration continues to over-spend and the Federal Reserve continues to be “accommodative” or more commonly known as, printing money.
May 2021 - Week 4 Edition
Gold and Silver Soar
Gold reached its highest level since January 7 on Tuesday, May 25, as the dollar reached a three-month low. The dollar is down 4% since April 1 – driven down by inflation fears and unprecedented deficit spending, as well as by new global threats erupting in the Middle East and Far East.
May 2021 - Week 3 Edition
Global Uncertainty is Rising -- This Uncertainty (Like “Carter 2.0”) is Good for Gold & Rare Coins
The first four months of the Biden Administration feel eerily similar to the four full YEARS of the Carter Presidency as foreign powers sense the new weakness in Washington. So, they are flexing their muscles overseas, while the spendthrift Congress is creating record deficits and high inflation at home. This may be bad for America but it is good for gold and rare coins!
May 2021 - Week 3 Edition
Global Uncertainty is Rising -- This Uncertainty (Like “Carter 2.0”) is Good for Gold
The first four months of the Biden Administration feel eerily similar to the four full YEARS of the Carter Presidency as foreign powers sense the new weakness in Washington. So, they are flexing their muscles overseas, while the spendthrift Congress is creating record deficits and high inflation at home. This may be bad for America but it is good for gold and rare coins!
May 2021 - Week 2 Edition
The U.S. Dollar Has Fallen 3% in the Last 40 Days and 10% in the Last Year
The U.S. Dollar Index (DXY) is down 3% since March 31, 2021, and down 10% since May 10, 2020. The tremendous expansion of the U.S. money supply in the last year has resulted in the devaluation of the dollar and a rise in gold prices.
May 2021 - Week 2 Edition
The U.S. Dollar Has Fallen 3% in the 40 Days and 10% in the Last Year
The U.S. Dollar Index (DXY) is down 3% since March 31, 2021, and down 10% since May 10, 2020. The tremendous expansion of the U.S. money supply in the last year has resulted in the devaluation of the dollar and a rise in gold prices.
May 2021 - Week 1 Edition
Month-End Summary: Precious Metals Edged Stocks in April
During April, Gold and Silver averaged over 6% gains, while the major stock market indexes averaged under 4% gains, so metals are finally coming alive this year, after a weak first quarter.
April 2021 - Week 5 Edition
LBMA Sees an 11.5% Gold Rise and 38.7% Silver Increase in 2021
Every January, the experts at the London Bullion Metals Association (LBMA) predict the prices of the major metals for the year ahead. Their report was published in early February when gold was around $1,800 and silver was around $27 per ounce.
April 2021 - Week 5 Edition
LBMA Sees an 11.5% Gold Rise and 38.7% Silver Increase in 2021
Every January, the experts at the London Bullion Metals Association (LBMA) predict the prices of the major metals for the year ahead. Their report was published in early February when gold was around $1,800 and silver was around $27 per ounce.
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