GoldSilver Blog

Join Mike Maloney as he explores the question of whether or not the United States has already entered recession territory.

Gold remained firm, and some late short covering took the market to a fresh high at $1322.60. It was $1,321 bid at 4PM with a gain of $9.

US stocks turned back down (S&P finished -7 to 2746 ), while the US 10-year yield continued to hover around 2.66%. The DX edged up to 97.05, and gold was $1,312 bid at 4PM with a gain of $5.

The 10-year yield clawed back up to 2.709%, and the DX made a new high for the day at 97.17. Gold was $1,306 bid at 4PM with a decline of $4.

Gold climbed higher overnight in a range of $1306.55 - $1314.80, continuing to rebound off of the double bottom reached yesterday at $1303-04. It dipped to its $1306.55 low during early Asian time off of the news that US...

"Profound Inequality and Lack of Fairness," says Charles Hugh Smith. But Socialism won't pay for itself. Delve deeper into the argument between Keynes and Mises here, with an eye toward the human cost of rational economics.

Gold firmed last night, trading in a range of $1307.85 - $1314.50 and continued to fade US dollar moves. The yellow metal dipped to its low of $1307.85 during Asian and early European time as the DX kept on its firming trend

Gold rebounded overnight, trading in a range of $1302.85 - $1310, still largely fading movement in the US dollar. Gold softened to its $1302.85 low during Asian hours, where support at the $1303

Trump’s State of the Union speech last night lacked major surprises, and market reaction was muted. Gold was a tad lower but very steady, trading in a narrow range of $1311.45 - $1315.90. After ticking up to its $1315.90 high during Asian time

Gold rebounded last night, trading in a narrow range of $1310.80 - $1315.35, but in a choppy fashion. It rallied to its $1315.80 high during Asian time - despite the dollar remaining fairly steady

Three decades of a lost, zombified economy. That's what traditional Keynesian economics brought to Japan - will the United States suffer the same result?

Gold retreated last night in a range of $1309.95 - $1317.60. It tripped some long liquidating sell stops under $1316-17....

In the afternoon, equities rallied back to positive territory (S&P +2 to 2,706), and the 10-year bond yield slipped to 2.682%. The DX hovered around 95.60, and gold was $1,318 bid at 4PM with a loss of $2.

"The 10-year yield ticked back up to 2.63%, while the DX rebounded to 95.62. Gold was $1,320 bid at 4PM with a gain of $2."

The DX found support and recovered to 95.45, and gold pulled back to support at the former resistance at $1,318-19. Gold was $1318 bid at 4PM with a gain of $8.

Join GoldSilver's Senior Precious Metals Analyst Jeff Clark in Vancouver as he explores the incredible upside potential of silver.

"I don’t trust the accounting of major corporations. I don’t trust what derivatives will do in a crisis. So, gold, to me, is the thing I want to own and hold when you have a systemic crisis.”

Later in the afternoon, news that the UK Parliament rejected the amendment to extend article 50 sent the pound down to $1.3065 and lifted the DX to 95.86. Gold was $1,311 bid at 4PM with a gain of $8.

When asked what his current top commodity pick is, Global Head of Commodities Research in the Global Investment Research Division at Goldman Sachs Jeffrey Currie doesn't hesitate: "Long gold."

In this week's video, Mike Maloney reveals some startling information on the increasing number of "Zombie Companies" in the the S&P 1500. Find out what kind of threat these walking dead companies pose to the economy, and prepare accordingly.