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Wall Street is ecstatic after the Dow Jones Industrial Average (DJIA) hit 40,000 for the first time ever. The nominal record makes for plenty of pithy headlines.The Dow is indeed racing higher in...
Oil is losing about 0.75% of its peak on Monday, having hit a strengthening sell-off as it attempts to climb above $80/bbl WTI and $84/bbl Brent.Interestingly, oil is declining despite the death of...
Iran confirms the death of President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian in a helicopter crash. President Raisi's legacy was one that did little to foster peace in the...
On May 14, 2024, Alabama Governor Kay Ivey signed a bill that removes all income taxes on capital gains from the sale of gold and silver, enabling the state to take an important step forward in...
On Monday, a troy ounce of gold set a new price peak of 3438.00 USD. This surge was fuelled by renewed speculation about potential interest rate cuts by the US Federal Reserve, vigorous gold purchases...
Silver broke above $30, signaling a sustained rally driven by weak US data, a softer dollar, and global economic improvements. Targets around $42.60 are plausible, with momentum possibly extending...
One week ago we herein opened with this query: “Is Gold’s near-term correction completed?” Given the yellow metal’s upside price action since then, we can now answer in the...
After gold prices reached a new all-time high of USD 2,431, a sharp pullback between mid-and late-April created confusion and misjudgments even among leading analysts. Nevertheless, a strong recovery...
The major gold miners just wrapped up another quarterly earnings season, reporting great results. Sector unit profits continued blasting higher on stable production, lower mining costs, and record...
Precious metals have been very strong over the past two years, with Gold breaking out of a historic bullish pattern. Is it time for Silver to do the same?Silver has rallied sharply but is facing heavy...
I’ve seen fire and rain and both of those could impact oil prices today.Massive rains in Houston have caused flooding and could impact oil production and potentially refining activity. While at...
Gold We hit my target of 2392/98 after the CPI number and made a high for the day exactly as predicted.We wrote:''We may pause here in overbought conditions but there is definitely no reason for...
Silver climbed above $29.8, rewriting the highs from January 2021, but once again faced selling intensification from that level for the first time in four years and has pulled back to $29.40 at the...
Crude Oil has formed a double local bottom at $77/bbl, but the overall trend remains down and susceptible to further weakness as long as the market stays below $80.Original Post
Could we gold go as high as $27K?That seems far-fetched but financial analyst and investment banker Jim Rickards makes the case that it could happen.Gold charted a big rally in recent months, hitting...