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Friday Edition: May 16, 2025

Gold Miners’ Q1 2025 Fundamentals

Despite their best fundamental performances ever, gold stocks remain deeply undervalued relative to their underlying corporate profits. This extreme anomaly won’t last, gold stocks have to revalue much higher. 

DOGE, Deficits, and the Coming Financial Earthquake

The financial, economic, political, and social problems we’re laboring under are leading to a breakup of the country.

Retail Behemoth Promises Lots of Tariff Inflation Coming Soon to a Store Near You

Walmart’s CFO, in conveying the retailer’s Q1 report, made it crystal clear that Walmart, albeit reluctantly, will be raising a lot of prices and will start doing so quickly

Beyond the Headlines: Why Gold Still Matters in a Debt-Soaked, Dollar-Weary World

Host Mike Maharrey delivered a powerful reminder to investors: stop reacting to the 30-second news cycle and start thinking long-term. 

Gold’s Big Reclassification? Not Happening.

Gold is not becoming Level 1 HQLA in July.

The No-Deal Deal with China Means Import Prices will be on Fire for a Long Time!

I expect the stock market to burn down to the waterline and Treasuries to be enflamed to higher yields on US debt.

What Is the Current Inflation Situation?

It’s unclear how this will all play out. One thing is clear, though – monetary inflation isn’t going anywhere, and where there is monetary inflation, price inflation will likely follow.

Break in Gold to 3100 Level Looks to Have Held

When we come to the chart action, on a weekly basis, you've got lower highs and lower lows. It's only down 2.5 percent.

Thursday Edition: May 15, 2025

Gold Overtakes Stocks as "Best Long-term Investment" Behind Real Estate in Latest Gallup Poll

In the latest survey, 23% of the respondents chose gold as the best long-term investment, up 5 from last year. In 2011 at the height of money creation by the Fed, 34% of Americans polled chose gold as the top asset.

What a Long, Strange Trip It’s Been Since Nixon Took USD Off the Gold Standard

The last heroic (and massively inflationary) act was the balls-out Powell bailout in Q1 2020. The reaction to that busted the macro into a new inflationary, likely stagflationary phase.

Inflation Stays Low as Expected, but Superheated Pressure Will Blow off Steam Soon

The "pause" sparked a new wave of rushed buying from China after Trump warned tariffs will likely end up higher than they are now once the break ends.

April Budget Surplus Papers Over U.S. Government Spending Problem

According to the latest monthly Treasury statement, the government took in $258.4 billion more than it spent in April.

Consumer Borrowing Remained Sluggish in March Hinting Economic Stress

After crashing in February, consumer borrowing remained tepid in March, a worrying sign for an economy that runs on credit cards.

US Rates Rising, Pressuring Metal Prices

As you look at the gold market, it's very clear that the market is suddenly making lower highs, and lower lows.

Wednesday Edition: May 14, 2025

Current Macro Signaling of Copper, Silver and Gold

Well, with China/US trade news, if its implied relief has some staying power, gold will under-perform at best, if not continue to correct.

What Will Trump Find in the Middle East?

President Trump’s return to the Middle East this week, the first since his first-term 2017 visit, will take place amidst great turmoil.

Black Mammoth Metals Reports Drill Results at Callaghan Gold Property, NV

At Cottonwood, the focus was to confirm and expand the area of known gold mineralization. The three RC holes intersected highly altered rocks with associated gold anomalism from the beginning to the end of all holes.

Indian Jewelry Market Reveals the Push and Pull of Higher Gold Prices

If gold prices continue to rise, it will be interesting to see how Indian consumers continue to adjust. One thing is pretty certain -- they will likely find ways to have gold. 

What the US-China Trade Truce Really Means And Why It Matters for Gold

In uncertain times, clarity is a form of strength. And so is gold.

The Plight of the American Consumer

Amid global economic chaos and geopolitical uncertainty, gold hit an all-time high of $3,500 an ounce on April 22. Year to date, the precious metal is up 29%.

Gold & Silver: Are Savvy Investors Onboard?

If the bears prevail, gold could trade at my major buy zone of $3150-$2950. The triangle target is $2900.

Gold Seeks Bottom; Copper Revives Late

You've actually got on the swing line, higher lows, and a higher high. You're oversold, you've come down hard.

Asian Metals Market Update for 14th May 2025

Gold can range trade as long as key very short-term resistances are not broken.

Tuesday Edition: May 13, 2025

Here's Where Gold & Silver Stand

Both gold and silver are undergoing healthy consolidation phases after their strong rallies, allowing them to reset and work off overbought conditions.

Central Banks, De-Dollarization, and the Bull Market in Gold

Dr. Nomi Prins kicked off the discussion by framing today’s gold rally as just the beginning of a much larger trend. She forecasted gold reaching $3,000 by the end of 2024, $4,000 in 2025, and $5,000 by 2026.

The Deeper Dive: The China Syndrome of Trade Deals

The other sweet thing about the new meltdown deal is that this time, China has agreed to force its businesses and people to buy a lot more stuff from the US, just like they agreed to last time.

The War Against Religious Freedom

Let’s do everything we can to preserve religious freedom and to defeat the extreme left.

Gold SWOT: Basel III Rules, Effective July 2025, Will Let U.S. Banks Count Physical Gold as a Tier 1 Asset

Recognized as a zero-risk reserve asset, gold’s safe-haven appeal grows, making it a strategic tool for banks to strengthen balance sheets amid tighter global regulations.

US-China Calm Alters Short-Term Gold Ownership Need

When we look at the gold chart, you can see how the market broke back down. We have a pattern of a higher high and a lower low.

Monday Edition: May 12, 2025

US Stock Market Sentiment Turning Contrary Bearish

The stock market needed a shot of hope and relief; it got it, and now it’s on its own… and is becoming vulnerable.

Trump Magic Losing Its Hold on Investors

It looks like Trump is about to achieve the impossible, averting a catastrophic debt deflation while also staving off recession.

Soaring Gold, CDNX, & Now Oil Too?

We are still short of our 23.6% retracement level, so we expect further weakness before all of wave -iv- ends.

Copper Price Supported by Chinese Demand, Tariffs Hiatus, Easing of Geopolitical Tensions

The red metal is now trading at $4.62 a pound, 5% higher than the April 8 trough of $4.07. Year to date, the copper price is 7.5% stronger.

The Trumpet Changes His Tune

Now that Team Trump admits inflation will be high enough that you’ll have to make do with less stuff, then you know the inflation problem is turning out to be a lot worse than what they told you. 

Technical Scoop: Ratio Favor, Oracle Relinquishing, Volatility Relief

The often contradictory comments from Trump about tariffs leave the market confused. Despite it all, gold managed to rise this past week with a gain of 2.8%.

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