One question that often comes up in the silver community is what it will take for silver to experience a price breakout. With many feeling that it will require participation from the mainstream investment world. If that does indeed turn out to be the case, we moved a step closer to that last week, as …
Vince Lanci: Blackrock Takes Large Silver Position In PSLV Read More »
One of the big developments in the gold and silver markets this year has been that as prices have risen, we’ve seen a lot of the major banks begin to put out bullish gold and silver reports. And now Bank of America is the latest to issue a note about silver. So in this week’s …
Vince Lanci: BOA Report Notes “Silver Tightness Visible in Physical Market” Read More »
There was significant news out of China last night, as, at 3 AM Eastern time, China just effectively made #gold money again. Late last night, the commercial banks in China just created the ability for Renminbi savings accounts to be connected to gold accounts, so that Chinese citizens can now buy gold directly out of …
Vince Lanci: At 3 AM, China Just Made Gold Money Again Read More »
The silver price had a volatile morning following the news of JP Morgan taking over First Republic Bank, with a spike to near $26, followed by a plummet that wiped out most of the gains. And in this week’s report with Vince Lanci, he talks about some of the latest news in the markets, as …
Vince Lanci: Latest Silver News & CBDC Project mBridge Explained Read More »
As another trading week begins, the news of countries making arrangements to move away from dollar dependence continues. In the last week, the Bank of Zimbabwe introduced a gold-backed digital currency, Bolivia agreed to trade outside of the dollar with Russia, and Russian foreign minister Sergey Lavrov began a 5-day tour in Latin America to …
Vince Lanci: Major Bank Raises Their Silver Price Target Read More »
Following the collapse of Silicon Valley Bank, gold and silver rallied to their highs of the year, as investors have been concerned about the banking system, and have increasingly turned to the precious metals to keep their money safe. The rally saw gold trade as high as $2,060, and silver top the $26 mark. Yet …
Vince Lanci: Gold, Silver Sell Off After Hitting Highs For 2023 Read More »
After breaking decisively through the $2000/ounce mark last week, the gold price is back at the $2000 level following Friday’s labor report, which came in near expectations and left the market anticipating that the Federal Reserve may continue to raise interest rates in its upcoming meetings. In the midst of banking issues in the US …
Vince Lanci: Gold Dips Back To $2,000 Following Friday’s Labor Report Read More »
Over the weekend OPEC made the decision to cut the oil supply by 1.16 million barrels per day, which has the oil price shooting higher on Monday, and has once again left the White House unhappy with the relationship between the US and Saudi Arabia. The development has also triggered a move in the precious …
Vince Lanci: Gold Crosses $2,000/oz As OPEC Cuts Oil Supply Read More »
Last week the banking crisis was in the US, as Silicon Valley Bank experienced a bank run, which led to its incredibly rapid demise. Yet in the days after the #FederalReserve and FDIC were guaranteeing the depositors in SVB’s collapse, the attention shifted to Credit Suisse, which had been rumored to be on the brink …
Vince Lanci: Banking Crisis Escalates, As Credit Suisse Goes Down Read More »
The banking system has entered a new crisis following the run on Silicon Valley Bank last week. Over the weekend the Federal Reserve and the FDIC guaranteed the depositors of SVB, amidst fears of contagion into Signature Bank and First Republic Bank, and to make sense of what’s going on and what may be next, …
Vince Lanci Q&A – SVB, Banking Crisis, Gold & Silver Read More »