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Friday Edition: April 19, 2024

GoldSeek Radio Nugget - Peter Grandich: Gold to $2500 and Beyond

"Gold is signaling a major change on the world monetary platform...and it's probably going to come on the back of the BRICS."

Gold's Remarkable Breakout

Gold’s breakout to many new records wasn’t fueled by normal sources, but mostly from central banks and Chinese investors. This powerful upleg looks far from over.

Gold: Ignore Sell Signals & Buy

We have some sell and overbought signals flashing on the gold and silver stock charts, but these are more like pause signals than sells. 

You Can't Rely On Bank Regulators To Protect Your Cash

Regulators will make any decision in a crisis environment, even unexpected and bizarre ones, which may often benefit their position rather than those whom they are designed to protect.

Americans Throw Away Millions of U.S. Coins Because American Money Is Junk!

The U.S. government and the Federal Reserve have devalued the currency to the point that coins have virtually zero purchasing power.

Is the Gold Price Too High to Buy? The Train Hasn't Left the Station!

Central bankers are slowly coming to the realization that things are in worse shape than they had appreciated. Jerome Powell has admitted that inflation is not yet under control...

No Major US Economic Data Due

It's up here pushing, as you can see, on a closing basis: $2378, not the highest high but a closing basis high. I said that we're in a distribution pattern.

Thursday Edition: April 18, 2024

GoldSeek Radio Nugget - Dr. Ron Paul: The Destruction of the Dollar's Value

Dr. Ron Paul discusses the US abandoning the gold standard and the potential for gold to reach $10,000 due to concerns over the dollar's reserve currency status.

Navigating the Complexities of Taxes and Precious Metals in Today's Economy

Mike Maharrey offers an in-depth look at tax day experiences, precious metals markets, and broader economic issues.

Markets Are Biting Their Lips Over Global Chaos

Markets are taking back the rewards they errantly gave under their gas-sniffing high after soft-talking Powell enabled them to believe in a Fed-fantasy March rate cut this year.

New American Dream: “You’ll Own Nothing and Be Happy”

The opportunity will exist for nimble entrepreneurs and speculators to do well, even as most people’s standard of living drops. But the big question is: For how long will the societal trend that we’re now on continue going down?

Test in Store for Key Support in Gold

Gold is still up 0.66%, $15.5 for the week. When we look at the daily bar chart, we're in a distribution area again. It still has the pattern of higher lows that have been in place but suddenly you have a high here and a peak here, it has a lower high.

Wednesday Edition: April 17, 2024

GoldSeek Radio Nugget - Bob Moriarty: Insights on Corrections

Moriarty discussed a surge in an ETF tied to gold, anticipating a correction in gold prices followed by a continued upward trend, unless major global conflict disrupts markets.

Just How Seriously Is the Fed Losing the Fight Against Inflation's Inferno?

All elements of inflation are doing worse. You can believe in Moody’s fact-free, fantasy cooling period if you want to; or you can believe in the obvious reality raging as an inferno all around us.

Deja Vu All Over Again: Biden Administration Charts Another Massive Budget Deficit in March

This reveals the ugly truth in Washington D.C. No matter what you hear about spending cuts, the federal government always finds new reasons to spend more and more money.

Gold Stocks: Good Times Are Here

The US government’s proxy fight via the failed Ukraine war against the Russian government is a quagmire as Congress borrows fiat. Gold will likely begin a charge towards $3000.

Metals: Geopolitics, if Iran Attacks Israel or Not Will be Market Mover

Gold got up to $2429 and then gave that up, but forget that. The trend is up still – there's nothing here that isn't up higher lows, higher highs. You're well over the 18-week average of closes, which by the way, is moving to the tune each week of about $20. 

Tuesday Edition: April 16, 2024

Goldseek Nugget - Aaron Brickman: Inflationary Market Crash Upwards (Part 3 of 3)

Brickman discusses the end of the macro cycle of the dollar as supreme currency. If inflation spirals out of control, and currency controls make gold and silver unavailable, inflated equities may be the only hiding place.

Hey Mr. Taxman! What Have You Done for Me?

A symptom of inflation is rising consumer prices. When you pay more for everything due to inflation, you’re being taxed more on the money the federal government borrowed.

Springtime for Bonds?

There is no escaping the debts we have amassed, and there are reasons to strongly doubt that those who owe will get to stiff creditors via hyperinflation or even sustained inflation.

Swampy Politicians in Red States Block Sound Money Reform

The effort to “drain the swamp” must extend to your own state capitol. We can't win the battle to restore honest money nationwide unless more victories accrue at the state level.

Fortitude Gold Reports Preliminary First Quarter Production

The company reports preliminary production results for the first quarter ended March 31, 2024 of 3,983 gold ounces.

Gold SWOT: Gold Continues to Set New Record Highs

Bigger players have been moving into gold. Now that it is setting new all-time highs, this could spur retail buying if the tide shifts.

Fortuna Intersects 1kg Ag Eq over an Estimated True Width of 8.1m at the Yessi Vein, San Jose Mine, Mexico

SVP Weedon: "Drilling on the Yessi vein...has continued to establish a well-defined system, with recent results such as 1,327 g/t Ag Eq...highlighting the potential for high-grade shoots."

Metals: Israel's Military Issues Threat to Iran

Until the recent low is taken out of $2340.20, I think that is the line in the sand now for the bulls and they're going to try to push on the market if they can.

Monday Edition: April 15, 2024

Goldseek Nugget - Aaron Brickman: Silver's Vertical Leap (Part 2 of 3)

Brickman says that investing in silver isn't solely for wealth accumulation but rather as insurance against volatility, highlighting the metal's potential to skyrocket unpredictably.

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