Category: Economic News
Central Banks of Russia/Kazkahstan Slow Gold Purchases as Other Central Banks Increase and Add to Gold Reserves
The Central Bank of Russia added 300,000 ounces of Gold to Reserves in each of October and November and Kazakstan hasn’t added gold since August. More Central Banks Join The […]
Silver Dimes – The Perfect Barter Item?
Junk silver refers to the dimes, quarters and half dollars that the U.S. Mint produced before 1965 that contained 90% silver. These coins were once used as everyday legal tender. […]
2019 River of No Return Idaho 5 oz Silver America The Beautiful Coin Available For Pre-Order
Notice: America the Beautiful Coins are of limited mintage and often sell out during the pre-sale or soon thereafter. 2019 River of No Return Idaho 5 oz Silver America The […]
American Gold Buffalo Sales Flat in October
The U.S. Mint Sold 6,500 American Gold Buffalo Coins in October, down 7% from October 2017. Through October 3, 2018, U.S. Mint has sold 114,500 American Gold Buffalo coins vs. […]
The Dollar Regains its Footing in 2018
Dollar Index Rebounds in 2018, Gold and Silver Fall. 2018 has seen a realignment of currency gold and silver values. Set forth below are the highlights of this shift. The […]
Shanghai Gold Exchange Withdrawals Top 188 Tons in September
The Shanghai Gold Exchange Reports over 1,555 Tons of Gold Withdrawn through September. While western volumes of gold trading and ETF outflows have fallen over the past 18 months, the […]
Dow Jones Hit With Third Largest Point Loss Ever, Gold Rises
Markets Collapse into the Close The Dow Jones Industrial Average fell 831 points today, or 3.15%. The stock market carnage was not limited to the Dow, as the NASDAQ fell […]
American Gold Eagle Sales Jump 81% in September
U.S. Mint sold 14,500 one ounce American Gold Eagle Coins in September. The U.S. Mint sold 14,500 one ounce American Gold Eagle coins (AGEs) in September 2018, up 81.3% from […]
Fed Raises Rates to 2% – Enters Normal Rate Environment
Fed Drops Accommodative Language The Federal Reserve wrapped up its September 25-26 meeting today. The meeting concluded with the 8th .25% interest rate hike in the current rate hike cycle. […]
Trump and the Economy Face Grey Swans on the Horizon
The day after Donald Trump defeated Hillary Clinton for the Presidency, Nobel Prize economist Paul Krugman penned a NY Times editorial, predicting economic disaster for the United States and that […]
FOMC Minutes Indicate Further Rate Hikes Ahead
Stock Market Enters Longest Bull Market in History as the Fed Confirms Rate Hike Path. Longest bull run in the history of the stock market, congratulations America! — Donald J. […]
Russia Adds 500,000 Ounces of Gold to Reserves in June
Central Bank of Russia adds another 15.66 Tons of Gold to Reserves in June The Russian Central Bank announced today that its gold reserves had reached 62.5 million troy ounces […]
Federal Reserve Warns on Inflation
Minutes from the Fed’s Open Market Committee Indicate a Fear of Inflation The minutes to the Federal Reserve’s June 12-13 meeting were released today. The June 12-13 meeting was one […]
Gold to Get a Boost? Global Currency Review & Forecast For 4/13/2018
Syria, Trade Wars & Budget Deficits Boost Gold Spotlight off the Fed For the first time in recent years, the Federal Reserve’s monetary policy has not been one of the […]
Tariffs and Inflation, Gold and Silver
Gold and Silver may provide shelter from the turmoil and inflation resulting from tariffs and brewing trade wars. President Donald Trump has threatened sweeping tariffs on steel (25%) and aluminum […]
Why the threat of inflation is different this time
Is Inflation Starting to Accelerate? The Consumer Price Index (CPI) reading this week showing a 0.5% increase in January vs. expectations of 0.3%, has market observers on inflation watch. After […]
Fear, Greed and Cognac
The Battle Between Fear and Greed In May we asked “Will Fear or Greed Prevail During the Trump Administration?” It seems that since the spring, both fear and greed are […]
Gold Up Dollar Down – Global Currency Review and Forecast for Week Ended August 25, 2017
U.S. Stock Market and Dollar Move in Opposite Directions in 2017. The Dollar Index* has confounded market followers since the surprise election victory of Donald Trump over Hillary Clinton last […]
Will Fear or Greed Prevail During the Trump Administration?
Trump’s First 100 Days Provide Positive Jolt to the Markets Before the 2016 Presidential election, conventional wisdom was that a Trump win would be a disaster for the financial markets. […]