August 5, 2015 – Public demand for gold and silver coins, rounds, and bars suddenly skyrocketed since mid-June – particularly among first-time customers – to multiples of earlier demand levels, according to Money Metals Exchange, a national precious metals dealer in the U.S. From June 16 to July 31, Money Metals Exchange experienced a 135% surge in gold … Read more
If there are words to characterize the precious metals markets for July, it would be “divergences” and “shortages.” There was heavy selling in the leveraged futures market and extraordinary buying demand and shortages in physical coins, rounds, and bars. Despite turmoil surrounding Greece and a huge sell-off in Chinese equities, traders dumped wheelbarrow loads of … Read more
The vultures are circling. Precious metals bulls, laid flat by gold and silver prices dropping for the 5th week in a row, are watching deflationists such as Harry Dent and the financial media squawk about the imminent demise of precious metals. The superficial and condescending coverage of the metals markets in the financial press has … Read more
In the early 1920s, George S. Clason wrote a series of articles about acquiring and keeping wealth that were passed out by insurance companies to their customers. In 1926, he combined these essays into a book titled, The Richest Man in Babylon. To this day, that book remains in print. In it, a series of … Read more
Greece defaulted at the end of June, and metals investors expected higher prices in July. What we expected isn’t what we got. It isn’t the first or last time markets surprised investors. Do lower spot prices mean precious metals are failing as a safe-haven investment? Jason Zweig, from the Wall Street Journal, thinks so. He’s … Read more
There are two kinds of constraints when it comes to supply in the physical markets, and anyone building a position in physical metal needs to know the difference. The first type is temporary. The other signals a sea change, the rush for physical metal going mainstream. When it happens, it’ll be “go time” in the … Read more
Federal Reserve chair Janet Yellen may have missed her window of opportunity to raise interest rates. The economic data no longer paint a picture of even a tepid recovery. Since the start of the year, key indicators for the economy began pointing toward recession. Add to that the recent Eurozone chaos surrounding the Greek default … Read more
March Madness is upon us, BABY!!!!! And Wall Street is showing its excitement. Stocks and major indicies soared to historical heights yet again. The Dow Jones Industrial index is the best performer today up +121.47 points as of 10:53 A.M., EST here in the Big Apple. The DOW is currently sitting at 18,245.17. The S&P … Read more