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2023-05-01 12:32:05 ET Summary Since the triple bottom last autumn, Gold is up $430 or nearly 27%. Silver is up 50% over the last eight months. With an overbought weekly chart and growing negative divergences, the air is getting thinner for the precious metals and a pullback could...
2023-05-01 09:56:11 ET Summary As of April 30, 2023, the U.S. national debt stands at over $31 trillion, which is equivalent to around 107% of the country's Gross Domestic Product. The reasons for the high national debt include government spending on social programs, defense, and ...
2023-04-27 17:27:13 ET Summary Precious metals in general look 'overbought' relative to other assets, particularly Treasuries, that tend to perform well in market downcycles. Gold makes up 80% of DBP's holdings while silver makes up the remaining 20%. On a long-term basis, gol...
2023-04-26 03:30:25 ET Summary The central bank's mission to fight inflation became more challenging in recent weeks as they had to balance a potential financial crisis with high inflation and a tight labor market. While the Fed does not see a recession in their current economic a...
2023-04-26 00:16:34 ET Summary Gold is well known as a safe-haven asset, but when recessions require quantitative easing and negative real interest rates, gold can provide much more than stability. From 2007 to 2011 during the global financial crisis, the price of gold increased o...
2023-04-19 08:40:47 ET Gold tumbles below $2,000/oz on Wednesday, pressured by hawkish commentary from Federal Reserve officials, which is prompting expectations of another rate hike ahead. Benchmark U.S. Treasury yields rose to a near one-month high, lifting the dollar, which makes...
2023-04-13 17:30:41 ET Gold prices pushed ahead to their highest level of the year Thursday, driven by bets that inflation will remain elevated despite recent declines. Gold's rise this week even as two closely watched reports showed slowing inflation means investors are betting the...
2023-04-09 03:54:53 ET Summary The ongoing de-dollarization by numerous nations will potentially be a headwind for GLD. A further crisis in the banking sector could see investors diving into GLD as they seek a safe haven. Failure to deal effectively with additional crises will...