For those who like seeing volatility in the financial markets, this has been your week! The carnage in the bond market has continued, with the yield on the US 10-year note reaching 4.79%, while silver futures are down to $21.35, and gold has settled at $1,840. The Dow Jones is now in negative territory on …
Andy Schectman: Silver Investors Still Buying On Lower Price Read More »
The silver futures on the #COMEX have been selling off again this week, with a spike lower on Monday, and a slow continuation of the selloff on Tuesday. However, in this week’s physical silver report, Andy Schectman of Miles Franklin reports that they are still seeing very little physical silver and gold selling. This is …
Andy Schectman: Physical Silver Investors Are Not Selling, While Rates Continue To Rise 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 »
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 »
The financial markets re-opened on Tuesday following the Labor Day Holiday in the US, and #gold and #silver were down in response to a rally in the dollar index. Which leaves silver flat on the year, while gold is $100 higher. So in today’s show, in addition to getting an update on the silver premiums …
Andy Schectman: If You Don’t Hold It You Don’t Own It – Myth or Reality? Read More »
The September silver delivery cycle begins in just a few days, and there’s been a large chunk of silver on the move. Over the past 2 days, JP Morgan has transferred 14 million ounces of silver from eligible to registered, which leaves them with just under 14 million ounces left in their eligible category after …
The Federal Reserve’s interest rate hikes created problems in the banking sector earlier this year, that led to the failure of some of the regional banks, and a surge in demand for physical gold and silver. And while the Fed suggests it was a one-off event caused by mismanagement of those banks’ assets, some more …
Andy Schectman: Silver Premiums Low As Banks Get Downgraded Again Read More »
There’s been a large drop in the American Silver Eagle premiums this year following last year’s spike that left eagles selling for over $16 above the spot price. Although the premium dropped significantly in recent months, that’s led to large demand at the lower price, and now the premium is rising slightly again. And with …
Andy Schectman: Silver Eagle Premiums Tick Higher Again, ASE Margins Explained Read More »
It’s been a relatively quiet market throughout the summer following the chaos in the banking sector earlier this year. But despite Wall Street trader vacations and relative calm in the markets, credit conditions have continued to tighten as the Federal Reserve has continued its interest rate hikes. All of this has left the conditions in …
Bill Holter, Andy Schectman: Credit Markets Getting Tighter, Pressuring The Banks Read More »
It’s been a volatile few days in the gold and #silver pricing following last week’s Federal Reserve policy meeting and rate hike. The metals traded higher following the announcement and Jerome Powell’s press conference, before getting hammered lower the following morning. Then there was another spike higher on Monday of this week, before seeing the …
Andy Schectman: Silver Price Volatile In Week Since Fed Hike Read More »