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Tag Archives: Investing

Recession Warning! SchiffGold Friday Gold Wrap Aug. 16, 2019

The bond market flashed a major recession warning sign as the yield curve inverted this week. Meanwhile, Trump whipsawed markets when he appeared to blink in the never-ending trade war with China. That made for an interesting week for gold. In this week’s Friday Gold Wrap podcast, host Mike Maharrey breaks down the events of the last few days and their impact on precious metals. He also remembers an important day in history that went mostly unnoticed in the mainstream.The SchiffGold Friday...

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Peter Schiff: The World Will Drown in an Ocean of Inflation; Gold Is Going Ballistic

The gold market took a one-two punch on Tuesday as Trump made some concessions in the trade war and inflation numbers came in a bit higher than expected. Peter Schiff talked about it in his latest podcast, saying gold traders still don’t understand the gold rally.Stock markets surged as gold and silver dropped after US trade representatives said they would delay some of the additional tariffs recently announced by President Trump. The Dow closed 372 points higher....

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Is the Mainstream Turning Bullish on Gold?

In a podcast a couple of weeks ago, Peter Schiff said we now have all the elements of a gold bull market. Well, it looks like the mainstream might be starting to catch on. A headline at on Friday proclaimed “Hedge Funds Go All-In on Gold.”According to the report, hedge funds increased their gold net-long position by 23% to 285,082 futures and options, this according to US Commodity Futures Trading Commission data that was published on Friday. This figure measures the difference between...

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Gold’s Record Week! SchiffGold Friday Gold Wrap Aug. 9, 2019

The price of gold surged this week, breaking all-time records in a number of currencies. It also did pretty well in dollar terms, hitting six-year highs and pushing above the key $1,500 level. Meanwhile, silver had its best single day in over three years. What drove this week’s precious metals rally? And can we expect it to continue? Host Mike Maharrey talks about it in this week’s Friday Gold Wrap. The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious...

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ETF Gold Holdings Hit Highest Level Since March 2013

Gold holdings in gold-backed ETFs globally surged to the highest level in over six years in July.Gold-backed ETFs added 52 tons of gold last month, with net inflows totaling $2.6 billion, according to the latest data released by the World Gold Council. This follows on the heels of a June increase that totaled 127 tons.Globally, gold-backed funds now hold 2,600 tons of gold. That’s the highest level since March 2013.The WGC says a combination of economic concerns, trade tensions and...

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Silver Charts Biggest Single-Day Gain Since 2016

Gold pushed above $1,500 again Wednesday (Aug. 7) and silver joined the party, charting its biggest single-day gain in nearly three years.Silver surged 73 cents on the day for a 4.4% gain, closing above the key $17 level for the first time since January 2018. Silver has gained about 9.3% on the year.Continued trade war woes and more central bank easing helped drive both gold and silver higher.New Zealand’s central bank cut interest rates by 50 basis points to 1.50%. According to a report,...

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Gold Hits Record Highs!

Gold hit record highs in a number of currencies on Monday as trade war worries, geopolitical uncertainty and expectations of a slowing economy drove investors to seek safe haven.During a recent interview on Fox Business, Peter Schiff said the trade is to get out of the dollar and look at gold. As if to prove him right, gold shot up about 1.5% Monday in dollar terms, hitting a six-year high. The yellow metal pushed to $1,469,60 before some profit-taking stalled the rally.Silver also made a...

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Gold Demand Hit Three-Year High Through First Half of 2019

Gold demand jumped to a three-year high through the first half of 2019, driven by central bank gold-buying, inflows of metal into ETFs and a resurgence of Indian jewelry demand.Gold demand totaled 2181.7 tons through the first half of the year, according to the World Gold Council Gold Demand Trends Q2 2019 report. It was the strongest gold demand through the first half of a year since 2016.Global demand for the yellow metal was up 8% year-on-year in the second quarter, coming in at 1,123...

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Rate Cut! Tariff Hike! ShiffGold Friday Gold Wrap August 2, 2019

The Federal Reserve came through with its first interest rate cut in more than a decade this week. But with Jerome Powell trying desperately to convince everybody that this wasn’t the beginning of a long cutting cycle, the stock markets weren’t pleased. And neither was President Trump. So, he decided to put his own fingerprint on the markets, announcing new tariffs on Chinese products. In this week’s Friday Gold Wrap podcast, host Mike Maharrey breaks it all down and explains how it...

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Peter Schiff: Gold Will Go Much Higher Than $5,000 (Video)

In a podcast last week, Peter Schiff said we have all the elements of a gold bull market. This week, he appeared on Kitco News and talked with Daniela Carbone about what’s going on with gold. Peter said he thinks we’re at the beginning of a breakout from the consolidation we’ve seen in the market since it peaked at $1,900 back in 2011. He also said he thinks gold will push well-above $5,000.As he has been doing for months, Peter honed in on Federal Reserve monetary policy as the big...

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