Gold & Silver News

The economic data is starting to get dire and indicates the consumer part of the economy is taking a nosedive. We will get into details in the Macro View section of the report. Gold and silver, as a result, are holding up quite nicely. While gold and silver are fading this week, having some perspective…

Gold just hit an all-time high in Renminbi, the Chinese currency. I have been reporting on the Shanghai gold exchange on our social media for a little over a year, and I believe I was one of the first precious metals analysts to do so. Well, now we see why other gold markets are important….

Gold and silver are range trading as we end the summer. The traders aren’t committing to any specific position. We appear to be stuck in this holding pattern with the metals for the last several months. We had nice bumps in gold and silver at the beginning of July and the end of August. You…

The precious metals markets are just sort of hanging around right now. No compelling bad news to drive the prices higher. We also have way too much skepticism by the average Joe and Sally on the economy for the metals to move lower. It feels eerily like 2007 before the financial crisis began. Back then…

Gold and silver rebounded last week after experiencing a late summer fade. I expected they would begin to turn around as we approach fall, but we are not quite there yet. It is encouraging that the precious metals prices have not floundered this summer despite the lack of very bad financial news. While the economy…

Well, what a difference a week makes! Gold and silver took it on the chin again, but this time a bit more than before. I will explain the how and why it happened, and issue a bit of a mea culpa. I mistakenly thought the market would not short the metals again so soon, given…