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Tag Archives: Gold

These Jobs Ain’t Comin’ Back: SchiffGold Friday Gold Wrap Oct. 16, 2020

It’s been months since the US started to reopen after the government-imposed coronavirus shutdowns and yet hundreds of thousands of Americans continue to file for unemployment every week. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey takes a close look at the labor market and concludes that a lot of these jobs are never coming back. He also talks a little about the upcoming presidential election and makes a prediction about the outcome.The SchiffGold Friday Gold Wrap...

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Guess What A Spider Whispered To Chuck?

A Pfennig For Your Thoughts Rocktober 15, 2020 * Gold & Silver rally on Wed. but are soft this morning* Dollar bugs have confidence that could be short term?  Good day… And a Tub Thumpin’ Thursday to you! All’s well with my heart and the pacemaker, according to the device specialist and the heart doc. Yesterday… We talked baseball a bit, before getting down the brass tacks… I have to say that going to the hospital for the doctor visit, and parking far away from the door, the whole...

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What Would a Biden Win Mean for the Economy?

Peter Schiff appeared on Kitco News with David Lin to talk about the investment implications of the upcoming US elections.Peter said he doesn’t feel good about the election and that he thinks Biden will likely win. He said the Democrats may even gain control of the Senate. So, what would a Biden win mean for the economy?As reckless as the Republicans have been with borrowing and spending, I expect the Democrats to be even worse. And unfortunately, unlike when Obama was president and you...

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Gold and Silver Ready For Another Rally Attempt

After nearly three weeks of sideways/downward price action in Gold and Silver, our researchers believe both metals have already set up another breakout/rally attempt after breaching downward resistance (shown as the downward sloping CYAN line). This could be another huge opportunity for precious metals traders as the next move higher should prompt a rally above recent highs. That means a target price level in Gold above $2100 and a target price level in Silver above $30.50. ARE METALS POISED...

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Some Are Betting on Red, Some on Blue. I’m Betting on Gold

Whether you support President Donald Trump or not, you must acknowledge that one of the bedrocks of his governing style is unpredictability. To some critics, Trump’s behavior and decision-making process may seem erratic, but I believe they make a sort of sense when viewed through the lens of game theory. Take, for example, his hot-and-cold stance on a new coronavirus stimulus bill this week. On Tuesday, Trump unexpectedly tweeted that negotiations with House Speaker Nancy Pelosi would halt...

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Fun on Friday: A Moving Nightmare

I hate moving.We moved from Kentucky to Florida about a year ago. It wasn’t fun. It was stressful. I lost things.Now, imagine moving $11.7 billion in gold bars and coins.No thanks!But Netherlands’ central bank recently did just that. It moved 14,000 gold bars and about 1,000 boxes of gold coins.The Royal Dutch Military Police coordinated the move, because, you know, you probably don’t want to trust ACME Moving with $11.7 billion in gold. Those guys tend to lose things just like I did. And...

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What Is the Retail Mess Telling Us? SchiffGold Friday Gold Wrap Oct. 9, 2020

Regal Cinemas shut down all of its US theaters this week. The company said the closure is temporary, but it reveals the deeper strain in the retail sector. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs deeper into the retail mess and talks about what it is telling us about the broader economy. He also discusses the ongoing stimulus debate and the national debt news that nobody is talking about.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of...

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Peter Krauth Says Gold Stocks Are Cheap, But Not For Long

You could say I am touting my own book as I have been a gold bull all my life, but I can’t disagree with Peter Krauth, a former portfolio adviser and a 20-year veteran of the resource market – with special expertise in energy, metals, and mining stocks.  I would suggest you read the following article published at Investing.com (https://www.investing.com/analysis/gold-stocks-are-cheap-but-not-for-long-200540131) Gold Stocks Are Cheap, But Not For Long It’s not too late for you to buy gold and...

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Seven Central Banks Increase Gold Reserves

Gold-buying by central banks has slowed from the record pace we saw in 2018 and 2019, but many countries continue to load up on the yellow metal.August saw the first net global decline in central bank gold holdings, but the number was skewed by a big sale by one central bank. Overall, seven countries increased their gold reserves by a ton or more in August, tying February for the highest number of buyers in a single month this year.Net central bank gold holding fell by 12.3 tons, according...

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