Wednesday , October 27 2021
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Tag Archives: silver

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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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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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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Gold looks poised for a run eerily similar to the 1970s

1976 Says Silver & Gold Have Been In This Exact Place Before It’s frustrating to watch gold and silver languish when they’re surrounded by major catalysts and since, well, everything else is going up. More than frustrating, it’s bewildering. But what if I told you gold and silver have been in a near identical scenario before. And that it led to one of their biggest gains in history… Gold’s Déjà vu In the mid-1970s, inflation was soaring, unemployment was high, the...

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Pick Your Poison: SchiffGold Friday Gold Wrap Oct. 15, 2021

Last week’s jobs numbers came in weaker than expected. September’s CPI came in hotter than expected. That puts the Federal Reserve between a rock and a hard place. Does it tighten monetary policy to fight inflation? Or does it keep stimulating to boost the economy? In this episode of the Friday Gold Wrap, host Mike Maharrey breaks down the data and says it’s about time for the central bank to pick its poison.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s...

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A More Accurate CPI: Up .97% MoM and 7.1% YoY

The CPI data for September came in hotter than expected at 0.4%. That pushed the yearly gain to 5.4%. But an honest CPI calculation would come in even hotter.I am doing something different this month. In past reviews of the CPI, I typically take the BLS data and recalculate the values to get a more detailed number that is rounded to two decimal points instead of one. This methodology also allows me to show the impact of each component on the top-line number.The Fallacy of Owners...

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Another Big Jobs Miss: All But Two Categories Are Below The 12-Month Trend

For the second month in a row, the jobs numbers in September came in well below expectations.The Labor Department reported an increase of only 194,000 jobs, well below the estimated 500,000. The big miss was similar to August’s report.Despite the unemployment rate ticking down to 4.8% from 5.2% and an upward August revision of 131,000 jobs, this is the weakest jobs report since January.This next chart compares the current month with the trailing 12-month average. A few key...

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A Lack of Self-Reflection: SchiffGold Friday Gold Wrap Oct. 8, 2021

Inflation continues to run hot. Even some of the folks over at the Fed are having a hard time peddling the “transitory” inflation narrative. But politicians and government officials lack the skill of self-reflection. As a result, they can’t clearly see the problem. In this episode of the Friday Gold Wrap, host Mike Maharrey looks at some of the latest inflation data and the Fed’s response to it. He also touches on the fake debt ceiling fight and breaks the September job report numbers.The...

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