There’s a point where Western governments are faced with default not just their debts, but on their interest rate payments. That’s a point where gold should break free of its tie to rates
Ira Epstein notes that gold is experiencing a slight decline and remains below its 18-week moving average, indicating a downtrend, while silver has rebounded from recent lows.
The U.S. government has a spending problem it won’t address. No matter what the politicians in D.C. claim, there is no way to fix the budget problem by shoveling more money into the hole with tariffs...
The best-performing precious metal for the week was gold, but it was still down 0.68%. Australia’s Federal Court ruled that the August 2024 declaration affecting Regis Resources’ delayed...
Ira Epstein discusses the current state of the metal markets, noting a continued decline despite stable interest rates and a steady dollar, as investors remain reluctant to purchase metals.
Gold/Platinum ratio (for the past six hundred trading sessions) tells us that it needs to trade over 2.50 for Platinum to be bullish. Current Gold/PL ratio is at 2.56. Not a very hyper short term bullish scenario for PL.
Gold is moving in a multi-decade incomplete impulsive fashion, from the 35.20 low made back in 1970. Within this impulsive move, we have the following count, which we have now updated within wave (iv)...
Gold’s price appreciation tracks the exponential expansion of global M2 money supply. Central banks can print trillions of dollars, euros, or yen via quantitative easing, but they cannot print physical gold.
