GoldSilver Blog

Join Mike Maloney as he analyzes the massive unintended consequences caused by the current foray into trade wars and tariffs. You can watch Mike's previous warnings about these actions on this playlist.

Later in the afternoon, US stocks trimmed some of their gains while the 10-year bond yield dipped to 2.87%. The DX faded to 96.60, but gold didn’t advance – and dipped to $1173.50. Gold was $1174 bid at 4PM with a loss of $1.

The 10-year yield climbed back to 2.866%, and the DX hovered between 96.66-96.72. However, residual selling in gold continued, and support at $1,175 was eventually broken. It traded down to $1,173 – a fresh 19-month low – and was $1,175 bid at 4PM with a loss of $19.

Silver is trading below $15 for the first time since 2016. Take advantage of this flash sale in silver, courtesy of the silver market itself, now! The gold/silver ratio, our favorite silver buy indicator, is now at 82. Invariably, when it has moved above 80 in the past, its marked a highly profitable time to buy silver.

Steve St. Angelo from SRSrocco REPORT describes why he doesn't see precious metals falling much in the next market crash.

In the afternoon, US stocks held most of their gains (S&P ended +18 to 2840), while the US 10-year bond yield was steady around 2.89%. The DX pulled back to 96.67, and gold rebounded to $1194.50. Gold was $1194 bid at 4PM – unchanged.

Gold took out support at $1,195, triggering more long liquidating sell stops that took it down to $1191.80 – an 18-month low. The DX ticked down to 96.35, and gold clawed back to $1,194. Gold was $1,193 bid at 4PM with a loss of $18.

Big banks. No matter how you feel about them, they're linchpins of the financial system and they control vast amounts of capital. Here are a dozen investment banks and their gold price forecasts for 2018 and beyond.

The US 10-year bond yield rebounded from 2.853% to 2.879%, while the DX remained nervous and choppy between 96.22 - 96.36. Gold traded narrowly between $1,210.50 - $1,212.50 and was $1,211 bid at 4PM with a $1 loss.

Gold was $1213 bid at 4PM with a gain of $2 – again unable to breach and hold above the key down trendline at $1214.

The 10-year yield ticked up to 2.977%, but the DX slipped back to 95.17. Gold was $1210 bid at 4PM with a gain of $2.

Join GoldSilver's Jeff Clark as he explores economist Steve Keen's harrowing look into Zombie Nations (and those who are starting to undergo their own metamorphosis into the terminal-debt dead) in his book "Can We Avoid Another Financial Crisis?" Spoiler alert: No.

Real estate prices look to be topping out. Gold and silver prices are back at 2010 levels. As the relative pricing of these two assets reverses over the coming years, it will afford those with a meaningful holding of precious metals the opportunity to buy a house outright.

Access to cash, both in the US and worldwide, is more limited than it was a decade ago. A decade from now, cash itself may be viewed as a strange, dirty, expensive anachronism of another age. So what? Who cares? If you value one of the last bastions of privacy over which you can exercise a fair amount of meaningful control, you should.

In the afternoon, US equities pared some losses (S&P finished -16 to 2803) as the 10-year yield ticked up to 2.98%. The DX recovered to 94.37, and gold drifted down to $1221. Gold was $1221.50 bid at 4PM with a loss of $1.50.

Jeff returns to Reluctant Preppers to reveal the significance of Mike Maloney's new market indicator, the Fragility Index, and why it's an early warning signal we need to be aware of. Also, the significance of Russia's dramatic and definitive dumping of US debt in favor of gold.

"While campaigning for president, Donald Trump accurately said that American markets were a big, fat bubble. He was correct, and that same bubble has not burst, but has gotten even bigger! When the inevitable bust arrives, who will President Trump blame?"

"When is their stranglehold of paper control on the price ever going to break? The answer to that important question gives me tremendous reasons for optimism. In fact, it’s the mirror image of the pessimism that is naturally generated by these prices that do nothing but go down."

As a precious metals investor, it is important to understand the difference between bullion coins and rounds. Not all precious metals investment products are created equally. While bullion’s value changes according to market forces, the price of a 1-ounce gold bar can differ from that of a gold coin or round that weighs the same amount.

When life hands you lemons, you make lemonade. When life hands you gold and silver prices like these, you make the sort of contrarian investment decisions upon which true wealth is built. Join Jeff Clark as he explains why you should seek out gold at the height of its ugly-duckling market misperception.