GoldSilver Blog

Here comes QE on steroids. Join Mike Maloney as he explains the Fed's latest plan to manipulate and distort the markets, and what the results are likely to be.

Gold was either side of unchanged last night, trading in a choppy fashion though in a relatively narrow range of $1272.55 - $1277.30. The yellow metal fell to its $1272.55 low during Asian and early European hours...

”On gold, Nenner says, “We are looking for a long term bull market for a couple of years to come, maybe until 2024. The price is going much higher.”

Gold continued its decline last night, trading lower in range of $1272 - $1278.15. It edged up to its $1278.15 high during early Asian time against a tick down in the DX (97.90), but resistance at yesterday’s $1279 top capped the advance.

Gold edged lower last night, trading in a narrow range of $1273.75 - $1278.75. The yellow metal ticked up to its high during early Asian hours against a slight decline in the US dollar (DX from 98.04 – 97.94)...

Gold was fairly steady last night, trading either side of unchanged in a range of $1284.50 - $1289. The yellow metal climbed to its high during Asian hours, helped by a dip in the US dollar (DX to 97.76)...

They never warn Americans ahead of time and everyone acts surprised when it all comes down.

Gold was slightly weaker overnight, trading in a range of $1293.70 - $1298.90. It was very steady during Asian time, trading narrowly between $1295 - $1297.50. The yellow metal edged up to its $1298.90 high during early European hours...

As we outlined in our silver supply/demand crunch article, the silver market has entered a structural imbalance. It is not temporary. Global supply is locked into a decline, leaving the industry ill-equipped to respond meaningfully to any spike in demand of physical metal for the foreseeable future.

Gold was a little choppy last night, trading either side of unchanged in a range of $1293 - $1299.30. It slipped to its $1293 low during Asian and early European hours against some modest strength in the US dollar...

Gold traded lower last night in a range of $1296 - $1303.65, trimming a modest amount of its robust gain from yesterday’s session. The yellow metal initially rose to a fresh 1-month high of $1303.65...

Join Mike Maloney as he examines the latest moves in the US/China trade war, and visits some compelling arguments from the Foundation for Economic Education.

Increased tensions between Trump and China over the elusive trade deal roiled markets last night. Trump tweeted that the US was where it wants to be with China, and added that Beijing broke the deal with the US then sought to renegotiate...

The US and China’s delegation led by Liu He failed to make a late breakthrough ahead of the midnight US tariff increase to 25% from 10% on $200B of Chinese goods, and China’s Commerce Ministry immediately...

Comments from Trump last night that “China broke the deal” roiled markets by fueling worries that the US and China wouldn’t be able to put together a trade agreement before new tariffs go into place at midnight.

Jeff Clark, Senior Analyst, GoldSilverThe data is in: based on a review of reports from multiple consultancies, the silver market has officially entered a supply/demand imbalance. The structure now in place sets up a scenario where a genuine crunch could occur.The silver price has been stuck in a trading range for five years now. But behind the scenes, an imbalance has been forming that could potentially lead to price spikes based solely on the inability of supply to meet demand.

Risk off sentiment continued overnight, with fears that the US and China would be unable to resolve disputes over a proposed trade agreement before new tariffs threatened by Trump will be implemented this Friday.

Gold was steady overnight, trading either side of unchanged in a tight range of $1279 - $1283.75. It rose to its $1283.75 high during Asian hours, fading some moderate weakness in the US dollar (DX from 97.57 – 97.38).

Gold has provided investors with a superior return to stocks, bonds, and residential real estate over the past 20 years. We’d like to tip our hat to Wall St. megabank JP Morgan for assembling this data and pointing out that investors would have done well by largely ignoring their advice for the past two decades, or at least hedging against it, by investing in the yellow metal.

Fears that the US-China trade talks were unraveling roiled markets last night. After Trump tweeted that the current 10% tariffs on $200B of Chinese goods will rise to 25% Friday and threatened to impose 25% levies...