End of an ERA: The Bretton Woods System and Gold Standard Exchange Fifty years ago, on August 15, 1971, then-President Nixon interrupted “Bonanza,” one of the most popular TV shows of that era. To announce that he was ending the convertibility of the U.S. dollar into gold. Many consider it to be one of the […]
In our July 29 post titled How Gold Stacks Up Against Stocks, Property, Commodities and Big Macs! we showed readers charts of gold as a ratio to other assets and products. We discussed that gold competes with crypto and stocks for the investment dollars. It was clear that gold as a ratio of the S&P […]
Gold and silver have faced stiff competition for investment dollars. There is little doubt that the cryptocurrency hype at the end of 2020 and the first quarter of 2021 sucked investment away from gold. Some viewed it as a ‘no lose’ investment and others as the next generation alternative to fiat currencies. The sharp decline […]
On today’s episode of GoldCore TV, Patrick Karim of NorthStarBadCharts.com joins Dave Russell for our monthly look at the charts. They discuss the long-term and short-term chart patterns in the gold, stocks, and cryptocurrency markets but mostly they ask the question… What on Earth is going on with silver?? Watch the Video to Learn More […]
Central banks’ massive Quantitative Easing (QE) programs have come under scrutiny many times since the central banks fired up the printing press and began quantitative easing programs en masse after the 2008-09 Great Financial Crisis. However, the increase in central bank assets due to quantitative easing programs during the crisis pale in comparison to the […]
Here’s Why You Should Still Stay Bullish on Gold and Silver in 2021 The mid-year outlook for gold and silver is positive. After starting on an uptrend with the high year-to-date price set on January 4 at US$1,943, the first half of 2021 proved to be full of setbacks for the price of gold. The […]
Central Banks Plan to Increase their Gold Reserves in 2021- Here’s Why Central banker’s interest to increase their gold reserves made news again this week. Bloomberg’s headline on the topic was “Gold Regains Shine After Central Bank Buying Drops to Decade Low”. The article notes that Central banks may be regaining their appetite for buying […]
How Will Basel III Impact the Gold Market? One of the aftereffects of the Great Financial Crisis was increased regulation. At the center of many of these new regulations were provisions to help identify and limit systematic risk. For example, The Financial Stability Board (FSB) was designed to monitor systematically important financial institutions (these systematic […]
Today Gareth Soloway, Chief Market Strategist of InTheMoneyStocks.com talks about his technical analysis of gold and silver as well as giving us insights in to the recent moves in Bitcoin and the stock markets. Recent comments from the Federal Reserve Chairman Jerome Powell indicated that they may need to raise rates in 2023 (2 years […]
The fed’s inflation gamble continues… Are central banks trapped? Last week’s Fed statement and the press conference that followed proved to be the start of a US$90 (4.8%) decline in the gold price. Fed on Economic Recovery The Summary of Economic Projections (known as the dot-plots) released with the statement showed that committee members changed […]
Gold has a long history as a currency and as part of the monetary system. The use of gold as a currency dates back to 600 BC in what is present-day Turkey. Coins were first made of electrum – which is an alloy made up of gold and silver, with trace amounts of other metals. […]
David Garofalo, the Ex Goldcorp CEO and the man that presided over its $32bn merger with Newmont mining is the guest on GoldCore TV this week. He discuss how the growing supply and demand imbalances in the market point to the potential for a prolonged bull market for gold. Watch the Video to Learn More Make […]
Another strike against Bitcoin this week. We discuss bitcoin often because it has been touted as an alternative to gold in many circles. Many of these claims are unsubstantiated and some are outright false. Also, as long-term physical metals investors, we care enough to tackle these falsehoods head on. Commercials are circulating from crypto companies […]
Ronni Stoeferle of Incrementum is this week’s guest on GoldCore TV with Dave Russell. He’s discussing what he sees as the major drivers that could send gold to $5,000 an ounce and possibly even as high as $12,000 an ounce over the coming years. Watch the Video to Learn More Make sure you don’t miss […]
Big ideas are like supertankers filled with oil; both take forever to get moving. The move from one state to another is a boring form of entertainment. However, each is impossible to stop once the momentum has built. Substantial progress can be seen over a period of time and one can notice and understand the […]
This week’s guest on GoldCore TV is financial writer, author, and comedian Dominic Frisby who joins Dave Russell to discuss financial markets, inflation and why now is gold and silver’s time to shine… Watch the Video to Learn More Make sure you don’t miss a single episode… Subscribe to our YouTube channel. Gold to hit $3,000, […]
Gold has clearly broken out to the upside in recent days and silver is rallying along with it! Gold has pushed past its 200-day moving average and broke upwards through the downtrend line. The gold price has risen 12% in US dollar terms from the year-to-date low set on March 30, 2021, of US$1683.95 to […]
Today on #GoldCoreTV, Gareth Soloway, Chief Market Strategist of InTheMoneyStocks.com, shares some insightful charts that help to understand the warning signals in #Bitcoin, #Gold, and #Silver markets. Watch the Video to Learn More Make sure you don’t miss a single episode… Subscribe to our YouTube channel. Are Central Banks Targeting your Bitcoin? Watch this Episode to […]
Gold has rallied to a four-month high – rising in US dollar terms by $100 in the first 18 days of May, and more than $200 since the low this year set on March 30th. On a technical positive gold moved decisively above its 200-day moving average! The decline in the US dollar is one of […]
Metals prices are up month over month. This is a nice thing to report and rare since last August. The news this week has been entirely about crypto, again. We report on them insofar as crypto seems to divert money and attention away from silver and gold. Perhaps the crypto mania is peaking. That would […]