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Monday Edition: January 13, 2025

Gold SWOT: China’s Central Bank Expanded Its Gold Reserves for a Second Month

China’s central bank expanded its gold reserves for a second straight month in December, signaling renewed appetite after temporarily pausing purchases last year as prices soared.

Recession Watch: Are Americans Close to Hitting Their Credit Card Limits?

Consumer debt plunged by $7.5 billion in November, driven by a 12 percent drop in revolving credit – primarily made up of credit card balances.

Gold Stocks: A 1970s Repeat

We’re in the “blastoff” zone now for a lot of the junior miners…

Backtalk From The Bond Market

We are hooked on low interest rates and the drug of cheap and easy credit. Maintaining low interest rates furthers that dependency and heightens the risk of overdose.

Who Will Insure Us Against the Next Disaster?

Stocks fell, interest rates and energy prices rose, the dollar strengthened, and gold spiked $60 amid fears of economic turmoil.

Technical Scoop: Volatile Chaos, Underrated Jobs, Wildfire Spark

Despite strong job numbers, rising long-term interest rates, and a rising US$ Index, gold rose this past week.

Rally Continues as London Metal Exchange and US Differ

So now what is the pattern? It's bullish—higher lows, higher highs. The support I'd look for would be roughly $2669, the 18-week average of closes.

Sunday Edition: January 12, 2025

Will the Stock Market Dive in '25?

The Fed has lost control. Bonds are now blazing a trail of their own, independent of what the Fed does.

Gold’s Short Trend Nearing Its End

At $2717 Gold is priced at 71% of its $3818 Dollar debasement valuation, even as rightly adjusted for the increase in the supply of the yellow metal itself.

'Ahead of the Herd' Companies and Metals Roundup

Gold prices notched a series of highs in 2024 and the run could extend into 2025, in part because investors are so pessimistic on geopolitics and government debt.

A Partly Cloudy Year

We know, in broad form, what kind of policy changes to expect. That gives us a starting point from which to identify possibilities.

Friday Edition: January 10, 2025

Jobs Moving Gold Shifting

Jobs data better reflecting reality will be bullish for gold; traders will expect a lower federal-funds-rate trajectory ahead. Gold stocks will soar on resulting higher prevailing gold prices.

Legislation Introduced in Virginia to Keep Gold and Silver Tax Free

Virginia exempts precious metals from sales tax, but this expires in June. House Bill 2336 seeks to extend the exemption on gold and silver purchases.

Real Issues Behind the H-1B Controversy

Currency debasement almost forces people to borrow money to maintain their standard of living. Debt turns workers into indentured servants with no mobility to leave a job.

Bond Bomb Goes Off

As a result of this news and more evidence this week that inflation is rising, yields blew up in the Treasury market, especially for the 20YR.

Sound Money Advocates in Wyoming Introduce Bill to Establish Gold Reserve

Senate File 96 prompts the Wyoming state treasurer to hold “not less than $10,000,000 in specie and specie legal tender between and across all state-managed accounts...”

Metal Markets...Watch for Unusual Volatility

The market took off, a thin volume day, but the market moved to the upside again. You have had a pattern of higher lows, higher highs - bullish.

Thursday Edition: January 9, 2025

David Morgan on the Gold and Silver Outlook for 2025

David shares why silver is lagging behind gold, key factors influencing price; and his thoughts on the broader economic picture, including real inflation, and more.

Global ETF Gold Holdings Increase in December for the First Time Since 2019

On the year, ETF gold holdings dropped modestly by 6.8 tons, but assets under management rose by 26 percent to a record high of $271 billion thanks to the skyrocketing price of gold. 

Gold and Silver Shined in 2024

Gold achieved remarkable gains in 2024, rising 26.5%, its best annual performance since 2010. Along the way, it set 40 new all-time highs, peaking at $2,780 per ounce last October 30.

Metal Markets...Going Up In Spite of Rise In Dollar And Interest Rates

The trend is up, the bias is up at this point. The swing line has got higher lows, higher highs.

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