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Geopolitical risks are on the rise in a system with no slack, and that, according to Goldman Sachs commodities research chief, Jeffrey Currie, strengthens his thesis that the case for commodities has rarely been stronger. While many commodities are fundamentally exposed to events in Ukraine, believes oil and gold provide the cleanest hedges for this geopolitical risk. First, there is clear upside skew in oil prices on both a tactical and strategic basis, with any geopolitical risk premia coming in on top of the tightest inventory levels in decades, low spare capacity and a much less elastic shale sector. If...

Inflation in the US is at historically high levels.(Peter Schiff and Tucker Carlson Discuss the Worst Inflation in US History)So, why hasn’t gold taken off? We hear this question over and over again. In this video, Peter Schiff answers this question and explains why the markets will eventually wake up to their misperception. That’s the key word – misperception. Taper tantrums and fear of Fed rate hikes have distorted perception in the markets. People are selling gold when they should be buying gold on the dips. And at the root of this misperception is the market’s focus on nominal interest...

Gold rose on Tuesday as rising inflationary fears weighed on investors’ appetite for risk and a pullback in U.S. Treasury yields added to the appeal of the non-yielding bullion. Spot gold rose 0.4% to $1,761.41 per ounce by 1159 GMT, while U.S. gold futures were up 0.4% at $1,762.40. A global energy crunch has threatened the economic outlook and fanned inflation fears, driving some investors toward safe-haven assets. “There’s more risk aversion in the market and gold is benefiting from that, coupled with concerns about inflation and cooling of the global economy,” Commerzbank analyst Daniel Briesemann said. If stagflation talks...

Many are asking why gold is not rising, as just about every other commodity makes new highs in the backdrop of inflationary tailwinds.That’s a very fair question.Some are even saying gold is dead, a silly and “barbarous” old relic of ancient times, ancient math and ancient common sense.Needless to say, we beg to differ, not because we are Swiss-based gold bugs, but simply…well… let’s explain.Current Price vs. Current and Future RolesFor those who see history and math as guides rather than “barbarous” and outdated disciplines, their convictions regarding gold’s role, and even price trajectory, do not wane or rise simply...

In the volume void that follows the resumption of futures trading, and which saw US futures trade modestly lower, a sudden burst of selling in the gold futures contract sent Gold futures plunged as low as $1,677.0 or almost $100 lower from the Friday close of $1,761.50. Together with Friday’s post-payroll plunge, this has been the biggest 2-day drop in gold (in dollar terms) since the March 2020 crash.

Gold shed more than 2% on Thursday, precipitating a sell-off across precious metals with palladium set for its worst day in over a year, as the dollar gained ground after the U.S. Federal Reserve struck a hawkish tone on monetary strategy. Weakening physical demand and slowing speculative flows into gold, both of which began before the Fed meeting, could also help to drive a further pullback

The Federal Reserve surprised the market Wednesday with projections that future interest rate hikes will come a bit sooner than expected. Gold bugs in particular were disappointed. The price of gold fell 4% Wednesday and was lower again Thursday, falling below $1,800 an ounce for the first time since early May. While it's true that gold often rises along with inflation fears, Wall Street may have already priced in this scenario. Investors appear to be selling gold now due to expectations that the Fed is taking the threat of inflation more seriously and may move more aggressively to tamp it...

Link only: https://www.bloomberg.com/news/articles/2021-05-04/sam-zell-buys-gold-with-inflation-reminiscent-of-the-1970s

36%. That is how much the gold price has moved up since we last mentioned Basel III, in this article from April of 2019. We projected then that gold would likely move up in price steadily over time as we got closer to full implementation of these international banking accords. In actuality, the gold price has moved up an average of 1.35% per month since then, yielding more in a month than a five-year CD account pays in interest for a full year. While full implementation of the Basel III rules has been pushed back until January 1, 2022, the...

Patrick Rooney, Founder of Old School™(Natural Health / Success / Freedom), interviews businessman and experienced gold investor Joe Grande about the reasons people should consider investing in gold and silver, and how to get started.

(Kitco News) - Gold prices are again sharply higher and hit a record high of $2,064.90, basis October Comex futures, in early U.S. trading Thursday. Silver prices are also sharply higher and hit a more-than-seven-year high of $28.54, basis September Comex futures. October gold futures were last up $25.00 an ounce at $2,062.10. September Comex silver prices were last up $1.45 at $28.34 an ounce. Importantly, while there are no early chart clues to suggest the gold and silver markets are close to major tops, both are now getting short-term overbought, technically, and are due for downside corrections in the...

(Kitco News) Gold prices are sharply higher and hit a record high of $2,048.00, basis October Comex futures, in early U.S. trading Wednesday. Silver prices are also sharply higher and hit a seven-year high of $27.195, basis September Comex futures. October gold futures were last up $35.00 an ounce at $2,043.50. September Comex silver prices were last up $0.987 at $27.03 an ounce. Gold and silver are continuing on a bullish rampage. Both metals continue to see support from safe-haven demand amid the worrisome rise in Covid-19 infections, geopolitical developments and concerns about problematic price inflation in the coming months....

Just noticed a bit of a jump in metals. Any reason, that anyone is aware of? They are all up at the moment. Somewhat interesting, anyway. Gold is up more than $20 now. It was around here before, around a week ago. That time it plunged, right back down. What will happen this time?

In the morning of Asian trading hours on Monday, spot gold traded at about $1,931.11 per ounce after earlier trading as high as $1,943.9275 per ounce. Those levels eclipsed the previous record high price set in September 2011.

Gold price is up $40 today.  This is the dollar depreciating as the price of gold surges. https://www.kitco.com/market/  

Collectors and investors appear to have flocked to gold coins as a safe haven buy amid stock market turbulence caused by coronavirus, with some at a behind closed doors auction this week selling for triple their estimate. More than 500 lots of coins dating from the Iron Age all the way through to 2008 went under the hammer at auction house Spink, selling from anything from £30 to £65,000. While the auction house told This is Money its estimates did tend to be more conservative to encourage bidding, many of the highest-selling lots dramatically exceeded their estimates in the online-only...

Gold is off to a strong start in 2020 as investors flock to safe haven trades amid coronavirus fears. The precious metal is up nearly 8% this year, and has surged 26% over the last 12 months. One options trader is betting the rally is far from over, and after Tuesday’s surprise 50 basis point rate cut from the Federal Reserve, it’s already looking like a smart wager. This trader wasn’t alone in their bullish betting on gold futures, but their trade was, by far, Monday’s largest trade in gold futures, according to Michael Khouw, president of Optimize Advisors. “Most...

The gold bears have finally caved under the deafening barrage of fiscal and geopolitical catalysts, from Fed hints to intensely brewing conflict with Iran. But there is one key trend that stands to push gold up beyond $1,700--regardless of the day’s news. Of course, it’s difficult for the bears to ignore a nearly $50/ounce gain for gold, which is now trading well above its 5-year high.

(Kitco News) - Gold and silver prices are sharply higher in early morning U.S. trading Thursday. Gold powered to a five-year high, while silver prices hit a five-week high. Major central banks that are leaning easy on their monetary policies are boosting the metals and the raw commodity sector, in general. Gold is also seeing increased safe-haven buying interest as tensions in the Persian Gulf are on the rise. August gold futures were last up $37.50 an ounce at 1,386.50. July Comex silver prices were last up $0.417 at $15.385 an ounce. Traders and investors are still digesting Wednesday’s conclusion...

Gold and silver have been getting the snot beaten out of them lately as people respond to a fiat currency crisis in Turkey by flocking to another fiat currency. But even if I were a Keynesian and believed in paper money, I'd have to say that precious metals are looking attractive. I'm generally a gold guy, but silver is crazy cheap right now. As of right now it's trading at around $14.50 oz. But the real story that conventional analysts are missing is the silver to gold price ratio. Since gold was demonetized in the early 1970's the average price...