December 19, 2016 |

Has the Towel Been Thrown In?

Federal Reserve

The Federal Reserve finally took action on Wednesday, raising the Fed Funds rate by 25 basis points. This move by the central bank did not take markets by surprise, quite the contrary, it had been expected for some time now. What did come as a minor surprise, however, was the Fed adding a third interest rate hike to their dot-plot for 2017. This possibility of an additional interest rate hike next year drove some selling in multiple markets, including not only gold and silver but... Continue Reading

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December 15, 2016 |

Keeping Powder Dry for Times like This

Gold Coin Plant

A recent article on CNBC.com was titled:  “Gold suffering second-worst quarter in 18 years, as all goes awry for the metal.” The article goes on to state that “Gold has slumped nearly 12 percent in the fourth quarter, suffering its second-worst quarter in 18 years as a host of catalysts pummel the yellow metal.” Sounds bullish to us… Let’s also not forget that as of right now, gold is still up for the year. Gold has not been able to get much going to the... Continue Reading

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December 13, 2016 |

Massive Demand for Gold Coins

Gold Coins Sold

The U.S. Mint on Tuesday reportedly sold out of 2016 American Eagle one ounce, quarter ounce and one-tenth ounce gold coins. According to a report featured on Kitco.com, the mint’s data points to sales of 984,500 ounces of gold in various denominations of American Eagle coins had been sold year-to-date. This represents the highest level since 2011, when one million ounces in coin form were sold. According to the same article, the mint reported November as being the busiest month for sales, with total sales... Continue Reading

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December 9, 2016 |

A Game-Changer for Gold?

Islamic Mosque

On Monday, the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) along with the World Gold Council announced a new gold standard that makes investments in gold compliant with Sharia law. Although gold has been compliant in certain forms in the past, the subject seemed for many to fall into a gray area, and the new gold standard is designed to clarify the guidelines regarding gold investments. A recent statement by the WGC and the AAOIFI said: “Until now, there have been no such... Continue Reading

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December 7, 2016 |

Gold and Silver Headed Back Up According To Commerzbank

Big Horns Silver Gold

Both gold and silver have been hit hard in recent weeks. The surprising Presidential victory of Donald Trump has economic and inflation expectations on the rise, and stocks and the dollar moving higher. Bond yields have risen as many analysts are calling the end of the great bond bull market. Although gold and silver remain susceptible to further selling in the near-term, some analysts believe these markets have better days ahead. In a recent article on Kitco.com, analysts from one German-based bank were quoted discussing... Continue Reading

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December 5, 2016 |

Heavy Redemptions Show It’s Time to Buy

Herd Mentality

The herd mentality can be defined as the influence wielded by your peers when it comes to your behavior. In other words, it means that people can have a tendency to do something simply because “other people are doing it.” The recent selling in “paper” gold could be a great example of the herd mentality at work. According to at least one report, gold ETF GLD saw outflows of over $2 billion in the month of November. SPDR Gold Shares recently reportedly provided reserve data... Continue Reading

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December 1, 2016 |

Think Twice Before Selling, Or Three, Four or Five Times…

sign of strength

The gold and silver markets have been beaten up recently since the surprise Presidential election victory of Donald Trump. With higher stocks, strong risk appetite and a higher dollar index, precious metals investors have had little to cheer about in recent weeks. Some investors may even be considering selling their gold or silver holdings in light of recent market weakness. In our view, this is not only a big mistake, but is the exact opposite of what you should be doing. There are a number... Continue Reading

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November 29, 2016 |

Please Go Lower

found a bottom

We really hope that gold and silver prices continue to decline. Let’s say that again: We really hope that gold and silver prices continue to decline. Right now you may be a bit confused. Let us explain: We believe in the long-term potential of gold and silver. In our view, gold at $10,000 per ounce or silver at $250 per ounce would come as no surprise. Not only do we believe in such price potential for these precious metals, but -more importantly- we believe in... Continue Reading

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November 25, 2016 |

In Chaos Comes Opportunity

The Donald Trump rally marches on…The Dow Jones, S&P 500 and the Nasdaq have all hit new record highs, and for the time being the party looks like it is set to continue. Risk appetite has been on the rise, and interest rates have also been climbing. Even the dollar has gotten involved, and is trading at its highest levels since the early 2000s. There is no telling just how far stocks could climb from current levels. Could the Dow see 20,000 in the next... Continue Reading

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November 23, 2016 |

Is the War on Cash Just Getting Started?

Rupees Cancelled

Several reasons have been put forth for the recent decline in gold. At the top of that list is recent dollar strength, higher stocks and rising interest rates. While all of these are legitimate reason for gold to come under some pressure, how about what recently took place in India? In case you have not already heard, India recently announced (on November 8th) that its 500 and 1000 rupee notes are no longer considered legal tender. While you might be thinking “so what?” if you... Continue Reading

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