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.
There’s a grand experiment happening in the global financial system – and most people have no idea it’s happening.
Is the banking crisis over... or are we just getting started?
READ MORELast 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 MORE“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 gold rescue Zimbabwe from the ashes of economic despair and usher in a new economic era?
READ MOREPresident William Ruto has asked African leaders to take first steps towards ditching the globally-bullish US dollar.
READ MOREInvestors 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 MOREAfter 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 MOREJeff 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 MORECompanies 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 MOREChart: The mother of all Cup-and-Handle formations! What do you think?
READ MOREA 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 MOREBecause 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 the cash they collect from depositors.'
READ MORE'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 MOREFor 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 MOREWith 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 MOREEveryone 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 MORESome 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 MORE“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