Wednesday , October 27 2021
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Tag Archives: Gold

Closing The Barn Door Too Late!

A Pfennig For Your Thoughts Rocktober 26, 2021 * Currencies & metals rally on Monday…* Ayn Rand contributes to the Pfennig today! Good Day.. And a Tom Terrific Tuesday to you! A very chilly, gray, and windy day here yesterday, was definitely not conducive to sitting outside and reading… But having days like yesterday, make the sun filled days with warmth, even more enjoyable! It was a Blues hockey night last night…And Our Blues won again this time 3-0! And I got caught up on all my...

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Price Analysis: Gold Diverges from Bonds as Critical Test Looms at $1800

The analysis last month showed that selling exhaustion may be near in the gold market. Since then, gold continues to be range-bound between $1750 and $1800 running up against both solid resistance and support. Meanwhile, silver has shown a mini-breakout.The $1800 level for gold is in play this week and could open the door for a big move if it gets through it soon.More importantly, gold and bonds have shown a strong divergence in October which is a very bullish sign.Finally, the gold...

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Comex Countdown: Quiet Before the Storm?

Both gold and silver are seeing quieter activity in Comex contracts. This is not atypical for October and November which are slow months in the lead up to December.This analysis focuses on gold and silver physical delivery on the Comex. See the article What is the Comex for more detail.Silver: Recent Delivery MonthSilver is wrapping up a minor month and also heading into a minor month. October has seen the least delivery volume since before the Reddit squeeze in February with this month...

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Ask Mike Anything: SchiffGold Friday Gold Wrap Oct. 22, 2021

In this episode of the Friday Gold Wrap podcast, host Mike Maharrey answers listener questions. Some of the topics covered include bitcoin, fractional reserve banking, the silver/gold ratio, gold as a safe haven, precious metals in a crisis, and more. The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes and Stitcher.Tune in to the Friday Gold Wrap each week for a...

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Sprott Gold Report: It’s Show Time for the Fed

BY John Hathaway | Monday, October 18, 2021 Despite lackluster third quarter and year-to-date performance for gold, the fundamental backdrop for precious metals and related mining share prices continues to strengthen in our opinion. Here’s why we believe this:  Inflation has become increasingly problematic and more persistent than previous sanguine assessments by Federal Reserve Board (Fed) Chairman Jay Powell and other Fed officials.1 Real interest rates remain deeply negative, a...

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The Monetization of Gold

For those who deny that gold is the real money, we dare you to read the following article published by Bloomberg on October 20, 2021: “Venezuelans Break Off Flakes of Gold to Pay for Meals, Haircuts” by Alex Vasquez and Ezra Fieser. https://www.bloomberg.com/news/articles/2021-10-20/venezuelans-break-off-flakes-of-gold-to-pay-for-meals-haircuts

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Peter Schiff: Gold Is an Inflation Safe Haven, Not Bonds

Gold and bonds are both considered to be safe havens. But in a recent podcast, Peter explained why bonds are not a safe haven in an inflationary environment. In fact, bonds – including US Treasuries – are risk assets when inflation is running hot. If you want safety from inflation, you need to buy gold.Another gold rally fizzled this week when bond yields pushed up, sparked by rising oil prices. Peter said nothing happening in the bond market should have been a drag on gold and silver....

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Chinese Gold Demand Continues to Strengthen

Gold demand in China was up in September, as the country approaches a peak gold-buying season.Both gold withdrawals from the Shanghai Gold Exchange (SGE) in September and gold imports in August were up, a sign that the Chinese gold market continues to recover after it was hit hard by the coronavirus pandemic.China ranks as the world’s number one gold consumer.According to the World Gold Council, withdrawals from the SGE rose to 191 tons in September. That represents a 27% month-on-month...

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Dollar Selling Ends In The Overnight Markets…

A Pfennig For Your Thoughts October 18, 2021 * Gold’s recent gains were nearly wiped out on Friday * The Fed/ Cabal/ Cartel tells us we’ve got inflation all wrong!  Good Day… And a Marvelous Monday to you… Who turned off the heat? I woke up yesterday to a temperature of 39 degrees! Chilly, for sure, and I’m no fan of cold weather, so this quick change to chilly weather had me piling on clothes to combat it! I even had to break out the long pants! I had lived in shorts for 9 months, so I...

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Gold and Silver Comex Vaults Both See 1% Fall in Total Inventory

Both physical gold and silver have been draining from Comex vaults this year. There was a 1% decline in stocks of both metals over the last month.This analysis focuses on gold and silver within the Comex/CME futures exchange. See the article What is the Comex? for more detail. The charts and tables below specifically analyze the physical stock data at the Comex to show the physical movement of metal into and out of Comex vaults.Current TrendsAnother 500,000 ounces of gold have left the...

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