The COMEX prices for gold and silver can’t be counted on to reflect either weak demand from retail or strong demand from institutions, and the same with the reverse.
After setting a record just over $3,500 an ounce in April, gold has consolidated and traded sideways since, and there is some bearish sentiment seeping into the market.
The Earth’s molten outer core holds about 99.9 percent of the planet’s gold and other precious metals. It is impossible to mine the core. However, nature is apparently mining itself.
The Federal Reserve has never dabbled in negative interest rate policy, although one must wonder if it will take that path during the next economic meltdown.
Investing can be fun, but it’s not a game. It is serious business, and we should approach it that way, not as seat-of-the-pants guesswork. Today I’ll pick up on the “signal vs. noise” theme
The dollar is going to suffer the fate of every other fiat currency from time immemorial. It’s being inflated out of existence as we speak. Or we could say digitized out of existence.
Maharrey ties together current events, economic indicators, and monetary trends to highlight how central banks are stacking gold while American fiscal policy grows increasingly reckless.
