Peter's Blog

New Policy Report: Fed has Bad News for Congress

In a report released on Friday, the Fed provided a monetary policy update to congress, highlighting its perspective on keeping rates constant and its outlook on the future of the economy. The report comes after the Federal Open Market Committee (FOMC) kept its federal-funds-rate target locked at 4¼ %–4½ % for a sixth straight meeting […]

It’s Silver’s Turn: Delivery Demand on the Comex Continues Higher

The CME Comex is the Exchange where futures are traded for gold, silver, and other commodities. The CME also allows futures buyers to turn their contracts into physical metal through delivery. You can find more detail on the CME here (e.g., vault types, major/minor months, delivery explanation, historical data, etc.).

The Technicals: Gold Bull Market Still Looks Very Strong

This analysis attempts to look at different metrics to understand the current momentum in the gold and silver markets. It is meant as an analysis on potential price direction in the very short-term (a few weeks to 1-2 months).

BoE Freezes Rates at 4.25% While CPI Re-Accelerates

The Bank of England’s Monetary Policy Committee (MPC) kept its main Bank Rate steady at 4.25 percent yesterday, resisting a growing chorus for relief even as inflation flared again and growth sputtered. Minutes published Thursday reveal a 6–3 split—the most dissent since 2020—with Swati Dhingra, Dave Ramsden, and newcomer Alan Taylor pushing for a 25-basis-point […]

The WWIII Trade

As war rages on in Iran and Israel, equities are down overall while defense stocks are surging, and both gold and silver have bounced, followed by volatile corrections. You could take a lot of guesses about how to trade the war and chaos—but the surest chaos bet will always be precious metals, especially in the […]

The Market’s Safety Net: How Underwriters Laboratories Keeps Us Safe

Free-marketers rightly argue that the market is capable of providing many services that the government currently controls, from the choice and use of money to contract enforcement. There are even private means of regulating business, and as it turns out, we already benefit from them.

Industrial Policy’s Risky Revival

The American right, the progressive left, and politicians around the world have long been enamored with industrial policy. While it fell out of Americans’ favor for a time, industrial policy is making a resurgence in the Trump administration and accordingly must be refuted once again.

Fed Holds Rates Steady as Inflation Persists, Gold Climbs Higher

Yesterday the Federal Open Market Committee (FOMC) announced its decision to hold the federal funds rate steady within a target range of 4-1/4 to 4-1/2 percent, signaling caution as inflation remains persistently high and economic uncertainty lingers. Fed Chair Jerome Powell maintained an optimistic stance, asserting the economy remains in a “solid position,” despite continued […]

New York Manufacturing Slumps Again

New York’s manufacturing sector faced another difficult month, marking a consistent four-month decline according to the recent Empire State Manufacturing Survey released by the Federal Reserve Bank of New York. The general business conditions index fell sharply to -16.0 in June, emphasizing the continued contraction in regional economic activity. Despite the deteriorating conditions, there is […]

Why Gold is Still King

While gold has been used to hoard wealth since the beginning of history, many mainstream experts still deride it in favor of nearly any newly invented investment opportunity. Financial advisors only suggest that gold should make up under 10% of an individual’s portfolio. Independent individual investors, dark money, and governments have recently contributed to gold’s […]