Gold and Silver Industry & Investing News
Today’s gold and silver market news, curated from the best of GoldSilver's team and around the web. Everything precious metals investors need to know including updates on big price swings, macro analysis, and breaking stories. Check back often or subscribe to get the highlights in your inbox. Monitor live spot prices on our charts page.
Subscribe
TOP NEWSUrgent Market Alert: Join Mike Maloney for a Live Q&A Session
The Fed just raised interest rates again which could put even more pressure on the banks. Things are heating up and the wheels are falling off. That’s why Mike is dropping everything to bring you this urgent market alert.
RESERVES NOT REQUIRED
Things are truly heating up, but what caused this? Where is it going?
READ MOREGold Is About to Reach Record Prices on a Monthly Basis: Tavi Costa
If historical correlations matter, it is hard to believe silver won't follow the same path. That alone would imply a 110% return from its current levels. Relative to M2 money supply, silver remains one of the cheapest tangible assets in markets today.
READ MOREThe Hierarchy of Money and the Case for $8,000 Gold: Full Story
A long-term gold valuation model, which assumes gold will account for the majority of international reserves, suggests the gold price to exceed $8,000 in the coming decade.
READ MOREGold Prices Pop to Highest Level in Over Year; US Mint Bullion Sales Rise
Gold and silver prices rallied Thursday, scoring settlement highs that reached more than a year for gold and to seven weeks for silver. Up for a third time this week, gold for April delivery tacked on $46.30, or 2.4%, to close at $1,995.90 an ounce on the Comex division of the New York Mercantile Exchange.
READ MORE"It's Getting Real": Unease Over Banking Sector Turmoil Spurs Huge Demand For Physical Precious Metals
Once regarded as a “barbarous relic” by the Wall Street financial sector, gold and silver are now in heavy demand to hedge against inflation and financial risk.
READ MOREBullish Gold Argument Continues to Strengthen: Saxo Bank
So far, the commodity market’s reaction has gone down different routes with precious metals rallying as they benefitted from collapsing yields and safe-haven demand.
READ MOREMore Bank Failures Coming as Fed Creates ‘Breakage’, ‘Be Bold’ in Buying Gold: Video
Booth also provides her economic outlook, and suggests that investors can "be bold" in allocating more than 10% of their portfolio to gold, which she forecasts will rise in the midst of ongoing financial stress.
READ MOREBanking Stocks Slide as Global Investors Seek Safer Shores
Banking stocks fell again on Friday, with shares in German giant Deutsche Bank knocked by worries that regulators and central banks have not yet contained the worst shock to the sector since the 2008 global financial crisis.
READ MORECommercial Real Estate Is in Trouble. A Banking Crisis Will Make It Worse
Property owners were already under pressure from rising rates and empty office space. The last thing they needed was a banking crisis.
READ MOREBond Traders Bet Fed Will Cut Rates by June as Bank Stress Grows
Bond traders abandoned wagers that the Federal Reserve will raise interest rates in May and added to bets that its next shift will be a rate cut as early as June as the US approaches a recession.
READ MOREMoney Market Inflows Surge
Goodness knows why it took soo long, but deposits are finally flowing into money market funds en masse, as the following chart from the always-interesting Andreas Steno Larsen highlights.
READ MOREYield Curve Re-Steepening
Along those same lines, the following chart from Bank of America via Isabelnet, shows the increasing expectation among fund managers that the yield curve will steepen from here on out.
READ MOREThe Fed’s “New” Function of Money: Complete Control
Controlling money is a way to make sure you control the human beings using your money.
READ MOREBull or Bear? The Ultimate Source of Market Instability
Market commentators tend to focus on Bulls and Bears and Federal Reserve policies as drivers of stock market gyrations, but there's a far more profound dynamic working beneath these veneers: the forces of adaptation and evolution transforming the economy and society as conditions change.
READ MOREBetters Now Think the Fed Will Cut Interest Rates a Full Point This Year
I created the above chart in Excel by creating a weighted average of CME FedWatch interest rates expectations on those select dates.
READ MOREGold Set for Fourth Weekly Rise as Bank Worries Spark Rush to Safety
Gold prices were on track to end a volatile week higher on Friday as bank contagion fears bolstered both safe-haven demand and bets on a pause in Federal Reserve rate hikes, adding to the appeal of zero-yield bullion.
READ MOREShares of Germany’s Largest Lender Deutsche Bank Fall Amid Global Jitters Over Banks
Shares in Deutsche Bank, Germany's largest lender, have fallen sharply and dragged down major European banks as fears about the global financial system send fresh shudders through the market.
READ MOREPrinting Presses Switched Back On
The question is whether this return of QE will continue or whether it is a one-off. The Fed meets next week so we can expect lots of volatility as the markets grapple with this potential U-turn in policy.
READ MOREHere’s Why Another Banking Crisis is Unlikely… We’ll Get Inflation Instead
So the choice for central bankers throughout the developed world is either to allow free markets to operate, or to embrace socialism. It’s a choice between a sudden-onset collapse and an unmanageable crisis, or “printing” all the currency needed to paper over the gaping financial holes in the system and having a amore gradual and more manageable unravelling. I think no central bank in the world will opt for the free market capitalism at this point.
READ MOREThe Fed Itself as the Root of Today’s Economic Crises
The senior senator of Utah is in the van of burgeoning Congressional scrutiny of the Fed itself as the root of today’s economic crises.
READ MORE