Commentaries

Drop in South African Mine Output Squeezing Global Platinum Supply

Declining South African mine output is contributing to the structural deficit in the platinum market, and the situation isn’t likely to improve soon.

Gold, Goldman Sachs, and the Politics of Prediction: What the Latest Forecasts Really Mean

By David Russell, GoldCore

What stands out in Goldman’s gold coverage is not a single number, but the choreography of their revisions. In February, the 2025 target crept from $2,890 to $3,100. By March, it was $3,300. Now, the upper bounds flirt with $4,000, or more in stress scenarios. This is not exuberant prediction-making; it is reactive, almost cautious, forecasting.

US Manufacturing Heats up Right along with Tariff Inflation. What Does it Mean?

By David Haggith, The Daily Doom

Everyone is pouring on the coal and running things as fast and hot as they can.

Chinese Analysts Worry About Exposure to U.S. Debt

By Mike Maharrey, Money Metals

Uncle Sam paid $1.13 trillion in interest expenses in fiscal 2024. It was the first time interest expense had ever eclipsed $1 trillion. Projections are for interest expense to break that record in fiscal 2025.

Numbers Behaving Badly

By John Mauldin, Thoughts from the Frontline

We’re in an awkward position I believe will persist for quite some time. It’s the initial stage of what I’ve called The Great Reset. This is unexplored territory; of course we’re confused. Step one to moving through it safely: get comfortable in the fog.

Today's News Slants So Much, the Words Fall off the Page

By David Haggith, The Daily Doom

The problem with all of this is that government gets in the business of picking winners and losers driving huge chunks of its “taxpayer” money to certain businesses.

UBS Raises Its Gold Price Forecast Projecting New Record Highs

By Mike Maharrey, Money Metals

UBS analysts anticipate a stagflationary environment with “below trend” economic growth and sticky price inflation. UBS also raised its Q2 2026 gold forecast by $200 to $3,700 and added a third quarter ’26 target at the same level.

Nothing Makes Sense Anymore (Here's Why)

By David Russell, GoldCore

A single dovish word could send the dollar lower and real yields down, while a stubborn tone might test investors’ faith in the Fed’s ability to navigate inflation and growth.