Posted by Keith Weiner
on
Tuesday, 5 May 2020 10:16
The price of gold dropped $29 and the price of silver dropped $0.27. We’ll get back to where we think the prices are likely to go in a bit.
In recent reports, we’ve looked at the elevated bid-ask spread in gold (though not nearly as elevated as some goldbugs would have you believe) and the elevated gold basis.
As an aside, we continue to see articles that get the high gold basis exactly backwards, the way John Maynard Keynes got commodity markets backwards. A high and rising basis is not a sign that anyone is worried about a shortage of metal, but of abundance…CLICK for complete article
Posted by MoneyTalks Editor
on
Monday, 4 May 2020 11:59
We received a large number of requests, following Brad Cooke’s recent MoneyTalks radio appearance, for more information on his company and plans for the future. Brad has been kind enough to do a personal overview and analysis for our audience. ~ Ed.
Posted by Tom Kool
on
Wednesday, 29 April 2020 10:54
Gold flew too close to the sun and got its wings singed, and now profit takers are going to punish it. But while the likes of Steve Forbes (of Forbes media fame) insists that gold is going to remain our go-to safe haven in a time of coronavirus, no matter how hard the gold bugs hope, this isn’t going to be a story in which the precious metal shoots straight to the top.
Forbes’ take is this: “The trillions of dollars being spent to save our virus-battered economy are stoking fears of inflation. Gold has always been a hedge against the government’s economic blunders.” CLICK for complete article
Posted by Neils Christensen, Kitco News
on
Wednesday, 29 April 2020 7:04
Despite some optimism at the start of the year, the U.S. economy saw weaker than expected economic activity in the first quarter of 2020 as the global economy was turned upside down to the COVID-19 Pandemic
Wednesday the first reading of U.S. Gross Domestic Product showed that the U.S. economic growth fell 4.8% in the first quarter. The data were weaker than…click for full article.
