U.S. stock indices fluctuated with FedEx earnings acting as a reality check after recent highs. Gold futures hit record prices over $2600 amidst economic uncertainty and anticipation of Fed rate cuts. Silver showed significant gains with a 10% rise, benefiting from positive investor expectations. The labor market showed improvement with a reduction in unemployment claims. Oil prices dipped despite a notable Fed rate cut, and currency trading saw significant movements with the USD/JPY rallying and EUR/USD facing pressure. Investors continued diversifying into precious metals as a hedging strategy.
The Precious Metals Week in Review – September 6th, 2024
Gold prices are just slightly up and silver prices are lower in early U.S. trading Tuesday, as a big and busy week of U.S. economic reports lies ahead.
The Precious Metals Week in Review – June 7th, 2024
Amid a lack of fresh, markets-moving news to start the trading week, the precious metals market traders are looking at the key “outside markets” that are leaning friendly for metals prices.
The Precious Metals Week in Review – May 24th, 2024
1. After a relatively slow start in the first quarter, silver is making its move, significantly outpacing gold as it trades at an 11-year high. Just ahead of last weekend, silver prices have broken above $30 an ounce. Soaring silver prices have pushed the gold-silver ratio below 80 points, and it has been trading at…
The Precious Metals Week in Review – September 22nd, 2023
This week, we’re shining a spotlight on silver. Did you know that in over 14 languages, the word “silver” is synonymous with “money?”
The Precious Metals Week in Review – September 1st, 2023
The U.S. economy added 187,000 jobs in August, while unemployment unexpectedly increased as the labor market continued to show signs of cooling, data from the Bureau of Labor Statistics showed Friday.
When in Rome
The Roman denarius pictured above features the profile of the emperor Diocletian, circa 301 AD, at the time when he issued the edict listed above.
The Precious Metals Week in Review – March 24th, 2023
It is relatively common that what should be recognized as a warning flag of major trouble is often ignored until things get so bad that it is almost impossible not to notice.
Hidden in Plain View
There is an old saying, “The best place to hide something is in plain view.” If true, a reminder of what the US citizen has lost may be found in plain view, merely by reaching into his pocket and examining his change.
UPDATE: What If the Silver Price Matched Other Asset Gains from 1980?
It’s no surprise to our constituency, but silver remains one of the most undervalued investments that can be bought today.