The surge in the gold and silver prices today was the result of the large Dollar sell-off. The U.S. Dollar has been trading off an important support level for the past four months, but finally broke below it today, causing a nice really in the precious metals. Gold was up $40…
Investor demand for precious metals remains strong as the U.S. Mint Silver Eagle sales in November were the highest in nine months. Not only were Silver Eagle sales the highest since March, when the pandemic caused investors to wipe-out inventories, but Gold Eagle sales also jumped by another…
Over the past fifty years, the precious metals prices exploded higher. While the gold price reached new highs this year, silver is still 50% lower than its previous high set in 1979 and 2011. Many precious metals analysts and investors believe that the “underperforming” silver price must be due to…
Disregard all the hype, manipulation chatter, and the silly mantra stating that “Gold is now Dead.” The gold price was going to retest the $1,800 regardless of anything to do with Bitcoin’s price rise or Janet Yellen becoming Treasury Secretary. If investors understood the gold fundamentals and technicals…
With the precious metals prices continuing to consolidate, what are the technicals showing for the next several weeks? The direction of the gold and silver prices will depend on the action of the U.S. Dollar Index. Over the past three months, the Dollar continues to retest its 100-month…
When it comes to silver, Americans are leading the world in hedging their bets in the shiny metal. This year, Americans have purchased one out of every three ounces of physical silver bar and coin compared to the rest of the world. And, that’s not all. If we also consider…