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.
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TOP NEWSWhere I See the PRICE of Gold Going Depends On THIS...
There’s a grand experiment happening in the global financial system – and most people have no idea it’s happening.
No Cash Out, No Credit, No Gas...Everything STOPS
Is the banking crisis over... or are we just getting started?
READ MOREDivergences in Ratios Show Silver Is Undervalued
Last week, Citigroup analysts published a report calling for silver to reach $30 per ounce within 9 months. Could Citigroup be exaggerating or on target? Today’s silver spot price is about $23.50 per ounce; so a move to $30.00 would be a 28% jump. Let’s look at a few data sets that augur for higher silver prices…
READ MOREIgnore Digital Dollar’s 'Hot Air' and Watch for Gold $3,000, Silver $50, John Doody: Video
“Silver is gold on steroids. After gold gets going, people start to look at the next big thing, silver takes off,” says J editor of Gold Stock Analyst. He talks about the factors contributing to the bullish outlook for gold and silver, including unresolved debt issues and the Federal Reserve's aggressive interest-rate hikes. He also discusses the deep-rooted cause for the recent banking crisis. "It's 2008 all over again.
READ MOREWill Zimbabwe Pave The Way For Gold-Backed Money?
Will gold rescue Zimbabwe from the ashes of economic despair and usher in a new economic era?
READ MOREKenya Revives Push by African Nations to Ditch the Dollar
President William Ruto has asked African leaders to take first steps towards ditching the globally-bullish US dollar.
READ MOREAI - Good News for Bad Guys: Rickards
Investors need to understand these technological developments before their portfolio holdings are badly damaged. One thing we can be sure of is that the threat is not going away.
READ MORE530,000 Austrians Demanded Right to Cash Payments Be Added to Constitution, but Are Being Betrayed
After 530,000 Austrians signed a referendum petition calling for the right to cash payments to be enshrined in Austria’s constitution in 2022, Austria’s political class is refusing to move forward with adding this legal right, warns the Freedom Party of Austria (FPÖ).
READ MOREWhat’s Inside The Debt Ceiling Deal?
Jeff Deist explains what's lurking in the debt ceiling bill, why the debt is larger than most people think, and the reason politicians can't stop the madness.
READ MOREPlanned Layoffs Are Up Fourfold So Far This Year
Companies announced a staggering 417,500 planned layoffs for the first five months of 2023. This is a massive acceleration and more than four times the job cuts compared to last year, according to Bloomberg, citing a report from outplacement firm Challenger, Gray & Christmas.
READ MOREThe Gold Price Seems to Anticipate the Restrictive US Monetary Policy Will Turn Out to Be a Bluff
Chart: The mother of all Cup-and-Handle formations! What do you think?
READ MOREThe Valuation Cycle of the Overall Equity Market Often Follows the Gold Cycle Itself: Chart
A major macro shift is now developing. The valuation cycle of the overall equity market often follows the gold cycle itself, and consequently, commodities are highly interconnected. Historically, such excessive levels in the total market cap of overall US stocks as a percentage of GDP would suggest that a gold cycle, and a secular run-up in commodities, are both underway.
READ MOREWest Virginia’s @Repalexmooney Introduces Bill “To Stop the Development of a CBDC in Its Tracks.”
Because government has no business building a surveillance state hidden inside your money.
READ MORE‘Recessions Over the Past 30 Years Have Closely Tracked the Willingness of Banks to Lend Out: Chart
'Recessions over the past 30 years have closely tracked the willingness of banks to lend out the cash they collect from depositors.'
READ MOREThe Nasdaq 100 Index Is at Its Highest Level Since the Dot-Com Era, More Than 20 Years Ago
'The Nasdaq 100 Index, when measured as a ratio of the Russell 2000 Index of small-cap stocks, is at its highest level since the dot-com era more than 20 years ago.'
READ MOREYou’re Buying the Government?: Miller on the Money
For those keeping score at home, banks spent hundreds of millions to get Glass-Steagall repealed in 1999. The same banks own their regulator, the Federal Reserve. As Paul Volcker warned, the banks are now taking astronomically risky bets, in search of profit – with no meaningful regulation.
READ MOREUS Manufacturing Surveys Signal "Renewed Deterioration Of Business Conditions" In May, Orders/Prices Plunge
With overall macro data serially surprising to the downside in May, it is no surprise that expectations were for sub-50 (contractionary) prints for ISM & PMI Manufacturiung surveys this morning.
READ MOREThe Bankruptcy of the US Government
Everyone knows that the US government is bankrupt and has been for many years. In all that time, from 1898 to today, there have been no substantial retrenchments of the US government, and the situation is getting worse, on a hyperbolic curve. Trends in motion tend to stay in motion until a genuine crisis changes them, and this trend has been gaining momentum for over a century.
READ MORESocial Security and Medicare Are Ticking Time Bombs
Some claim raising taxes on rich people would solve the deficit, but it won't. There just aren't enough rich people. Even taking all the money from every billionaire wouldn't cover our coming bankruptcy.
READ MORENew Supreme Court Ruling Allows the IRS to Access Your Bank Records Secretly
“It is now completely legal for the IRS to secretly obtain the bank records of third-party individuals who are not under Federal investigation,” reported @RomanBalmakov of The Epoch Times
READ MORE