While the Federal Reserve had its latest policy meeting this week and left rates unchanged once again (while still suggesting that there might be one more hike in 2023), they didn’t comment on some of the longer-term dynamics that have left so many concerned about the future of the US financial system. Although in today’s …
Dave Kranzler: Banks Cover Gold, Silver Shorts While Funds Sell Out Longs Read More »
Fortuna Silver announced this morning that they have completed their acquisition of Chesser Resources. Fortuna first announced the deal back in May of 2023, as an all-stock transaction that gives each Chesser shareholder 0.0248 shares of Fortuna stock per Chesser share. The deal is now complete, and to find out a bit more, click to …
Fortuna Silver Completes Acquisition of Chesser Resources Read More »
Once again it’s time for another Federal Reserve policy meeting, where they provide their latest update on their balancing act between keeping up their fight against inflation and avoiding a recession/banking collapse in response to the higher interest rates. As many forecasted over the past 10 years during the 0% interest rate decade, it’s become …
Gold, Silver Trend Higher Ahead Of Latest Fed Meeting Read More »
Andy Schectman: Rising Oil Prices – The Latest Problem for Fed’s Inflation Battle The Federal Reserve has seen the government inflation metrics come down over the past year throughout its interest rate hiking campaign. But one of the driving factors behind the decrease in the rate of increase has been lower energy prices. This makes …
Andy Schectman: Rising Oil Prices – The Latest Problem for Fed’s Inflation Battle Read More »
In recent weeks we’ve witnessed a divergence in the gold and silver prices in China vs. where they’re trading on the COMEX. While it’s common for the metals to trade in China at a premium or discount to the COMEX, the Chinese premiums have escalated and so far we have not seen an arbitrage to …
Vince Lanci: Gold, Silver Premiums Are Rising In China Read More »
We hear a lot about the virtues of owning real estate for wealth preservation during a hyperinflationary crisis, but in this week’s Silver Report, Rafi Farber explains why it does not work that way and proves the point from what’s happening in hyperinflationary Argentina right now. In other news, the pattern of higher lows in …
For the past year and a half, the markets have watched the #FederalReserve raise interest rates while waiting to see how far they would go before pausing. And also when they would begin cutting rates following the last hike. The hiking has gone longer than even the Fed first anticipated, which has left many of …
Silver Stuck In $22-25 Range As Market Awaits Fed Clarity Read More »
There was news from First Majestic #Silver this morning as they’ve announced the opening of a mint in Nevada to increase the production of the silver products that they offer through their #bullion store. The store sold 440,000 ounces directly to the physical market last year, and the mint will now allow them to increase …
First Majestic Silver Opens Mint To Increase Bullion Store Production Read More »
The latest Consumer Price Inflation reading came out this morning and showed that prices rose at a higher rate than in July, and slightly above expectations. Which has left #gold and silver slightly lower in Wednesday morning trading. The key driver last month has been rising energy prices, as oil is now up at the …
Silver Down Slightly As CPI Comes In Hotter Than Expected Read More »
One of the primary advantages of holding physical gold and silver is that it allows you to be outside of the banking system and free from counter-party risk. Almost entirely. Except of course for the possibility of confiscation by the government. Which is not often an overwhelming concern among gold and silver holders, although one …
Andy Schectman: Are Gold & Silver Likely To Be Confiscated Read More »