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Commentaries

Real Royalty and Pretend Royalty

Debt will increase—doubling every eight years. Gold prices will rise along with debt as devalued dollars buy less. A panic out of the dollar, hyper-inflation, and loss of reserve currency status will accelerate gold’s price rise.

Throwing the golden baby out with the covid bath water

The dollar is the most important unit of account for international trade, the main medium of exchange for settling international transactions, and the store of value for central banks. The Federal Reserve is the lender of last resort, as in the 2008–09 financial crisis, and is the most common currency for overseas borrowing by governments and businesses.

Shades of 2019 in 2020

While the COMEX digital metals remain in pullback and consolidation mode, the price action may seem eerily similar to some in the sector. Why? Because it IS similar...at least when compared to 2019.

Beware of These Faulty “Inflation Protected” Investments

The risk for investors is that central bankers succeed in their mission to depreciate the currency more rapidly – perhaps even more rapidly than intended or acknowledged in the official (understated) inflation data. Inflation is a corrosive force that eats away at the real value of savings and investments.

Central Banking Cartel Promises ZIRP Until at Least 2023

Well, gold and silver investors who were hoping Wednesday’s FOMC meeting would be a catalyst for a major breakout move were largely disappointed. On Wednesday, the Federal Reserve announced it would continue to hold its benchmark interest rate near zero. That came as no surprise.

Key Gold Ratios to Other Markets

Views of gold in relation to other markets and brief summaries thereof, with a focus on how it relates to the gold mining sector and the inflationary macro to come.

Stall Speed Economy

No Reserves -- Pointing Fingers -- Blood Sport -- Gym Time and Bear Market Timing

Gold Overboughtness Risk

Gold’s technicals are still very stretched heading into its biggest seasonal pullback of the year, running over the next month or so.  Any material selling could easily force gold to break below key technical levels not far under current prices.

What’s The Price of Gold? It Depends.

Spot? COMEX? Retail? How does the price of gold vary by market? And why?

Got Gold? Bottom-Barrel Rates to Last for Years to Come

I’ve shared with you a number of times that my three-year price target for gold remains at $4,000. This week, Bloomberg commodity strategist Mike McGlone went even further, calling for $7,000 gold by 2025 as balance sheets at the world’s four biggest central banks continue to expand as a percentage of GDP.

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