Dec 8, 2023
Gold had posted a new all-time closing high on a monthly as well as a weekly basis last week. With such powerful technical strength, a follow-through rally early in this week's trading seemed inevitable. And indeed, prices did spike to over $2,100 per ounce in futures trading before Monday’s U.S. market open. | Do...
Dec 1, 2023
Barring a severe selloff in the days ahead, gold will finish 2023 with its highest ever annual close. Pretty good considering the headwinds it has faced this year from rising interest rates and negative sentiment. Meanwhile, The mainstream financial media has virtually ignored gold. | Do you own precious metals you...
Nov 24, 2023
As markets reopen following the Thanksgiving holiday, investors are feeling thankful that interest rates are no longer rising.
Stocks, bonds, and precious metals have all gained ground in recent days as long-term rates have come down. Meanwhile, expectations for the Federal Reserve to cut its benchmark short-term...
Nov 17, 2023
Under the new leadership of House Speaker Mike Johnson, Congress passed a stopgap funding bill on Tuesday to once again avert a government shutdown. It was quickly approved by the Senate on Wednesday, then signed into law by President Joe Biden. Like the last one, this latest bipartisan budget scheme includes...
Nov 10, 2023
As central bankers stubbornly refuse to admit they are done hiking interest rates, precious metals markets are wavering. The Federal Reserve left its benchmark rate unchanged at a 22-year high at the conclusion of its meeting last week. But Fed chairman Jerome Powell is keeping up the fight against inflation, at...