March 2021 - Week 2 Edition
When Interest Rates Go Up, Gold Often Goes UP, Not Down
The pundits keep getting this wrong and saying (in press reports) that “gold goes down when interest rates go up” because “gold pays no interest and therefore it can’t compete with interest income,” but in nearly all the historical instances of rising interest rates, gold went UP, not down.
March 2021 - Week 1 Edition
American Eagle Gold & Silver Bullion Coin Sales Continue to Soar in 2021
American Eagle Gold coin sales are up a phenomenal 416% in the first two months of 2021 vs. the same two months in 2020, while American Eagle Silver coin sales are up a respectable 77% in the same two months. In addition, the American Buffalo Gold bullion coins were up by a robust 252% so far in 2021.
March 2021 - Week 1 Edition
American Eagle Gold & Silver Bullion Coin Sales Continue to Soar in 2021
American Eagle Gold coin sales are up a phenomenal 416% in the first two months of 2021 vs. the same two months in 2020, while American Eagle Silver coin sales are up a respectable 77% in the same two months. In addition, the American Buffalo Gold bullion coins were up by a robust 252% so far in 2021.
February 2021 - Week 4 Edition
Gold Increased
Gold Increased $30 (+1.7%) Monday morning, February 22, and Silver increased almost $1 (+3.5%), partly on a falling dollar, rising inflation and rising oil prices, but also due to the likely passage of an enormous stimulus $1.9 trillion stimulus package, which could push the 2021 budget deficit over $3 trillion again.
February 2021 - Week 3 Edition
Silver Keeps Rising
Silver keeps rising, in part because the industrial metals are mostly stronger – including copper, platinum and palladium – in anticipation of a global recovery after the COVID pandemic winds down. Copper is up from $2.10 to $3.80 in the last year. Silver has more than doubled since last March. Meanwhile, gold is treading water while the U.S. debt bomb and a potential resurgence of inflation are providing the kindling fuel to push gold much higher later this year. Take this opportunity to buy more silver and gold.
February 2021 - Week 3 Edition
Silver Keeps Rising
Silver keeps rising, in part because the industrial metals are mostly stronger – including copper, platinum and palladium – in anticipation of a global recovery after the COVID pandemic winds down. Copper is up from $2.10 to $3.80 in the last year. Silver has more than doubled since last March. Meanwhile, gold is treading water while the U.S. debt bomb and a potential resurgence of inflation are providing the kindling fuel to push gold much higher later this year. Take this opportunity to buy more silver and gold.
February 2021 - Week 2 Edition
Gold Rallied
Gold rallied $30 from $1,808 to $1,838 on Monday morning, February 8, as investors focused on the chances for rapid passage of the $1.9 trillion stimulus package.
February 2021 - Week 1 Edition
Silver Soars
Silver shot up $5 in the last three days of January, first rising from $25 to $27 on Friday, then leaping to $30 Sunday night for a January gain of over 13%. This “silver surge” started with ETF demand and then moved into physical silver.
January 2021 - Week 4 Edition
Silver Soars
Silver shot up $5 in the last three days of January, first rising from $25 to $27 on Friday, then leaping to $30 Sunday night for a January gain of over 13%. This “silver surge” started with ETF demand and then moved into physical silver.
January 2021 - Week 4 Edition
Gold Rallies Again
Gold and silver were among the top-performing commodities last week, up 1.2% and 2.4%, respectively. Gold dropped below $1,840 on Friday but quickly recovered. Then it shot up to $1,867 Monday morning, January 25.
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