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About one-third of this year’s jump in individual income tax receipts results from growth in the economy. Surprisingly, not even the CBO can explain a large portion of the tax revenue surge. The problem is, the CBO does not expect the surge in revenue to last beyond what ca...
Commercials have their lowest net short position in Silver since June 2019. The headline CPI is expected to remain flat at 8.3%, and the core CPI, excluding soaring energy prices, is forecast to fall again to 5.9%. The stars are aligning for Gold, Silver, and the miners, much like...
The Precious Metals R&S Index decreased by 7.82% in May. The Precious Metals R&S Equally Weighted Index decreased by 7.68%. The best performance was recorded by Nomad Royalty; its share price grew by 4.13%. The biggest decline was experienced by Altus Strategies; its s...
The Fed cites the strength of the economy as an enabler of monetary tightening to bring down inflation, but all data contradicts that assumption. As long as this tightening cycle continues, downside risk remains for Gold, Silver, and the miners. Gold may already know that a Fed re...
Inflation is hurting retail sales. For the past couple of months, inflation has been hurting the economy. Interest rates appear to have topped out. The cost of money is starting to price the stock market as going into under-valued territory. This situation is taken bullishly b...
The economy and stock market have been built on massive stimulus and liquidity from a rapidly expanding money supply. Over the past three years, M2 growth has averaged 14.3% annualized. Inflation is an expansion of the Money Supply that generally leads to higher prices. For ...
Today's U.S. economic data is gloomy and points toward worsening conditions and eventual recession. Just as Bullard and Bostic warned, rate hike expectations are now falling. And the bad news just keeps piling up not just in the United States but around the globe. For furthe...
Gold fell through fragile support as the Fed turned up the hawkish talk. Silver fell even as margin rates were being lowered. Gold and silver are very highly correlated but do not move in perfect lockstep. For further details see: Technical Analysis: Has This Gold Pullba...
While Banks and Commercials ostensibly remain heavily short Gold, Hedge Funds have slashed their net long position to 62k contracts. Swaps and Other Reps' combined net short position of 54k contracts is almost the mirror image of the Funds’ net long position of 62k. Positio...
The metal broke below down trendline support last week amid broad-based weakness in metals, but the downside break has since been nullified by a relatively strong bounce. Silver is now trading at record low levels based on its historical correlation with gold and the commodity complex...