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 NEWSALERT: There Is Not Enough Physical Gold To Handle This Demand - John Hathaway
Mike Maloney introduces a groundbreaking discussion between Adam Taggart of Wealthion and one of the most respected precious metals experts in the industry…
Before You Buy ANY Mining Stock, WATCH THIS
Join Mike Maloney for a fascinating look at the performance of physical gold and silver in relation to the mining companies that dig it up and bring it to market.
READ MORESilver Viking Ingot Found in Field Officially Declared as Treasure
He said that comparisons with other known examples from Wales indicate this to be of Viking date, around AD 800-1000. Assistant coroner Mr Lewis declared the ingot treasure.
READ MORESilver Poised to Outperform Gold as Prices Reach 9-Year High
silver prices could reach a 9-year high in 2023, outpacing the price of gold. Several factors are contributing to the potential rise in silver prices, including increased demand for silver in various industrial applications, as well as a growing interest in precious metals as a hedge against inflation.
READ MOREGold Rally Pauses After Longest Winning Streak Since August 2020
Gold futures were little changed on Monday after clinching a sixth straight week of gains -- the longest such winning streak for a most-active contract since August 2020, according to Dow Jones Market Data.
READ MORERussia Seeks ‘New Level’ of China Ties
The deepening "no limits" partnership between the rising superpower of China and the natural resources titan of Russia is being watched by the West with some anxiety, though it is unclear just how deep the partnership is.
READ MOREZelensky Says Ukraine Needs More New Weapons, Faster
Ukrainian President Volodymyr Zelensky on Sunday said Ukraine needs to secure the supply of new weapons from its Western backers and that arms deliveries need to speed up. “It is very important to maintain the dynamics of defense support from our partners. The speed of supply has been and will be one of the key …
READ MOREReady for Your Dollars to Be Canceled?
With the ongoing financial turmoil and the potential start of another world war, gold is behaving as we would expect, showing exceptional strength.
READ MOREUS Dollar Set Up to Collapse as Saudi Arabia Considers Trading in Other Currencies
Saudi Arabia is open to discussions about trade in currencies other than the US dollar, according to the kingdom’s finance minister. The world’s largest oil exporter has been pegged to the US dollar for decades. The kingdom is a pillar of the petrodollar system established in the 1970s that relies on pricing crude exports in the US currency, allowing the US dollar to be the world’s reserve currency. The Saudis are seeking to expand relations with crucial trade partners including Europe and China.
READ MOREIf Republicans Want to Cut Spending, They Should Start With the Pentagon
Congressional Republicans say they want to cut spending to balance the budget. But they also say they won't touch military spending. Something's gotta give.
READ MORECorporate Credit Showdown for Another Day
As we’ve noted before, while the level of outstanding corporate debt has rocketed higher since 2020, the short term outlook for corporate debt appears fairly sanguine. Via Daniel Lacalle:
READ MOREDon't Call It Capitalism: The Fed's $8 Trillion Hoard of Financial Assets
The claim that “too much” capitalism drives every economic calamity is standard among anticapitalists on both the left and the right.
READ MOREWhy Do We Have Reduced Participation in a Labor Shortage Environment?
All of the above reasons reduced the marginal propensity to work. And it's very inflationary.
READ MORE"Recession Is On Its Way" - Dallas Fed Shows Factory Activity Slumps For 9th Straight Month
While the headline Dallas Fed Manufacturing Activity Index printed better than expected (-8.4 vs -15.0), it remains in contraction (less than zero) for the 9th straight month (the longest streak since 2016)...
READ MOREHedge Funds Are Record Short Bonds As Market Cuts Dovish Fed Bets
2023 started with a buying-panic in bonds (approaching their best start to a year in over 30 years at one point) as confidence grew about The Fed's terminal rate (not as high as some feared) and a soft landing (growth cooling and inflation slowing)...
READ MOREMore Cite Gov't as Top U.S. Problem; Inflation Ranks Second
More Americans name the government as the nation’s top problem in Gallup’s latest poll, which encompassed the rocky start of the 118th Congress’ term. With high prices persisting, inflation remains the second most-cited problem (15%), and amid elevated tensions about the southern U.S. border, illegal immigration edged up three percentage points to 11%. Mentions of the economy in general fell six points, to 10%, the lowest reading in a year.
READ MOREEven on $100,000-Plus, More Americans Are Living Paycheck to Paycheck: Bloomberg
Number reporting budget squeeze climbs 9.3 million, poll shows Most of the increase comes among relatively high earners.
READ MORENASA Sending Ship to Asteroid Worth 70,000 Times More Than the Global Economy
NASA has revealed the schedule for a rocket launch that will visit an asteroid that is valued at 70,000 times the global economy. The US space agency will launch a SpaceX Falcon Heavy rocket holding sensitive scientific equipment in October 2023 from Kennedy Space Centre in Florida.
READ MOREStockpile Medicines for ‘Nuclear War’, WHO Tells Governments
For the first time since 2007, the World Health Organisation (WHO) updated its list of recommended medications on Friday to treat exposure to radiological and nuclear catastrophes, advising governments on how to stockpile for nuclear and radiological accidents and crises.
READ MORERussia Warns United States: The End of Nuclear Arms Control May Be Nigh
Russia told the United States on Monday that the last remaining pillar of bilateral nuclear arms control could expire in 2026 without a replacement due to what it said were U.S. efforts to inflict "strategic defeat" on Moscow in Ukraine. Both Russia and the United States still have vast arsenals of nuclear weapons which are currently partially limited by the 2011 New START Treaty,...
READ MOREFed’s Wall Street Clash Sets Stage for Powell’s Hawkish Message
Jerome Powell and Wall Street are headed for another face-off this week as the Federal Reserve seeks to slow its inflation-fighting campaign without signaling a readiness to stop.
READ MORE