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The Gold-Oil ratio — which signifies how many barrels of oil you can buy with an ounce of gold — has been steadily rising since its dramatic COVID-era spike in April 2020. A high ratio tends to signify economic trouble and a weak dollar, since it demonstrates that gold has an even more dramatic rise […]
President Joe Biden committed “impeachable offenses” while in office, according to a hot-off-the-press report from the House GOP.
On Friday’s episode, Peter focuses on the Harris campaign’s recently announced and economically illiterate policy proposals, including what are effectively price controls and additional subsidies to drive housing costs up. He also discusses what proved to be a great week for gold, with the metal finishing the week above $2500.
With Monday’s global market sell-off triggered by a panic in Japan, investors logged into their stock trading platforms to buy (or sell) the dip through institutions like Charles Schwab, Fidelity, TD Ameritrade, Vanguard, E-Trade, and Wells Fargo to buy the dip. But whether these retail traders were planning on panic selling or scooping up discounted […]
A shocking assassination attempt captured on video has left the nation reeling, prompting investors to jump on gold as a safe haven amid political and social crisis.
“Retaliatory measures will definitely follow,” Kremlin officials promise the U.S. ambassador after a Ukrainian missile strike was allegedly conducted with U.S.-supplied weapons and intelligence.
Amid ongoing tension in the Middle East, Iranian President Ebrahim Raisi and the foreign minister have been confirmed dead Monday after a helicopter crash. The officials’ shocking demise casts additional investor doubt on a region already plagued by economic upheaval, with supply chain uncertainties fueling record-high metal prices this week.
The Comex report last month showed a lot of strength in gold which directly preceded a massive up move for the price of gold. The data is looking similar in silver this month!
Peter’s back in Puerto Rico this week for his podcast after another week of record gold prices. In this episode, he discusses media coverage of inflation, this week’s CPI report, and Bitcoin’s weakening price relative to gold.
With a hot CPI report casting a shadow of doubt on the likelihood of a June interest rate cut, all eyes are on the Fed. But they’ve caught themselves in a “damned if they do, damned if they don’t” moment for the economy — and the news for gold is good regardless.
While the total annihilation of the Francis Scott Key Bridge in Baltimore probably isn’t a “Black Swan” big enough to trigger a global collapse, it adds potent fuel to several fires in an already fragile global economy.
