Don't be put off by the short term price moves in gold. I have never heard of those living in poverty owning gold but I have heard of the middle class being fleeced by holding on to government promises. Think of Argentina, Brazil, Lebanon, Zimbabwe, Germany and the list goes on.
Silver miners relative to gold miners appear to be on the verge of a significant breakout.
It doesn’t take a mathematician to recognize what happens when a business is selling metal for $75/oz while production costs remain closer to $15–20/oz.
These are the strongest margins this industry has ever experienced.
https://t.co/S7emky0bKp
Precious metals and mining stocks are once again oversold while still in an uptrend, a combination that often precedes rebounds.
Learn more in my latest analysis:
https://t.co/ki61ULresh
$PHYS $PSLV
When people blame resurgent inflation on tariffs or the war, they ignore the far bigger culprit: Trump’s Big, Beautiful Bill. Of all the damage Trump and Republicans have done to fuel inflation, nothing comes close to that ugly bill. That’s why @RepThomasMassie voted against it.
Don’t make the mistake of buying long-term Treasuries thinking 4.58% on a 10-year or 5.12% on a 30-year are good deals. Not only will those low yields not even come close to covering the purchasing power you will lose to inflation, but bond prices will fall as rates keep rising.
Silver is down nearly $3 today, back below $84.50. Nothing goes up in a straight line. Today's much hotter-than-expected inflation data is very bullish for precious metals. Today's decline is most likely related to gold/silver spread trades. Buy the dip. https://t.co/GGNU9tT9EQ
Trump plans to address high beef prices by suspending tariffs on imported beef. But according to Trump, tariffs don't raise prices for consumers, as foreign producers eat them by cutting prices. The only way suspending tariffs lowers prices is if imposing tariffs raised prices!
Hi-ho, silver. Silver is ripping this morning. It's already up over $5, trading above $85. That raises its YTD gain to 18%, surpassing the NASDAQ's 13% YTD rise. Bitcoin is bringing up the rear with a YTD loss of 10.5%. https://t.co/98C2RG2FQQ
Gold is on the cusp of breaking out of its recent channel pattern while investor sentiment is overly pessimistic, a combination that sets the stage for a sharp upward move.
Learn more in my latest analysis:
https://t.co/f3gzaXzTVv
$GLD $PHYS
As I've been predicting, today oil and bond yields rose, but precious metals prices rose too. This reverses the negative correlation that's dominated trading since the war broke out. I think all three rising together will be the new trend. Stock market investors need to worry.
If you think gold, silver, oil, and Treasury yields are high now, they all look like they're about to explode much higher. The same is true for consumer prices in general, as inflation returns with a vengeance. This does not portend 1970s stagflation. It portends something worse.
The Bloomberg Commodity Index has reached over 140 points.
The index is now up 28% this year.
As I’ve said, "We're entering a commodity supercycle. You want to be long commodities.”
The publicly held U.S. national debt now exceeds 100% of GDP for the first time since World War II.
We are unlikely to grow out of it this time, making a sovereign debt & currency crisis the more probable outcome.
Learn more in my report:
https://t.co/sDoIkToKyp
$GLD $PHYS