Wednesday , August 21 2019
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Tag Archives: silver

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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Getting Nervous About the Stock Market? Here’s Your Antidote

By Jeff Clark Senior Analyst, GoldSilver.com If you didn’t catch it, gold has passed the S&P 500 in year-to-date performance. Through August 12, gold is up 18.1%, while the S&P has risen 13.8%. Silver is nipping its heels, now up 10.2% YTD. But what is perhaps more significant is the one-year performance. It just might show that Wall Street is bailing on unicorns and blue-chip stocks and shifting into gold and silver… Over the past 12 months, the gold price has...

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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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He’s Baaaccckkk Again!

A Pfennig For Your Thoughts August 8, 2019 * Gold soars, while currencies fade…* What a hissy fit by the stock jockeys last week! Good Day… And a Tub Thumpin’ Thursday to you! Well… I’m back… a couple days later than originally thought, but here nonetheless! What a couple of weeks it has been for Gold! WOW! The currencies didn’t rally while I was gone, but Gold and Silver sure did! It does feel a bit weird writing this morning, as I’m out of practice. My summer vacation was grand, a great...

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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’s Breakout Could Mean Silver is on the Launchpad

By Jeff Clark Senior Analyst, GoldSilver.com Gold and silver prices continue to push higher. They’re starting to get some attention from the mainstream, too. A new uptrend in gold is clearly underway, but silver’s performance has so far trailed gold’s. Let’s take a look at the price behavior over the past six-plus years of both metals to see if we can gain any insights about silver. I plotted the annual trading range of the gold price since 2013, when most traders indicate the...

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Peter Schiff: The Trade Is Get Out of the Dollar and Look at Gold (Video)

Right before the Federal Reserve raised interest rates for the last time in December 2018, Peter Schiff predicted the next move would be a rate cut. At the time, Fox Business anchor Liz Claman promised she would bring Peter back on if he was right.He was. And she did.The Fed cut rates for the first time in over a decade last week. Peter appeared on to talk about the cut, reiterating that it will not stop the coming recession. He also offered some advice to investors.Of...

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Fun on Friday: I’m Spoiled…And Old

Confession time.I’m spoiled. And old.I knew this already, but this past week has magnified these truths.You see, I’m in Florida. And it’s been a tough week.That sentence alone probably proves to most of you that I’m spoiled — except for those of you who live here and are already tired of the summer heat and humidity. But when I say I’m literally a five-minute walk from the beach, most of you would probably trade places with me.As for being old – well – I’m in Florida.But I’m not here on...

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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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