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Earlier this week, Peter joined Rachel Lee on her show, The Corner Office, for an interview on President-elect Trump’s campaign strategies, the nation’s debt-driven economy, and Peter’s predictions for the future of precious metals. They also discuss Trump’s inconsistent views on crypto, the hidden costs of tariffs, and the fate of the dollar, cautioning that […]
This week, gold prices pulled back by around $50 from last week’s levels, and silver dropped roughly a dollar. These movements coincided with the recent election of Donald Trump as the 47th President of the United States.
Gold’s phenomenal year so far is thanks in part to foreign central banks buying the yellow metal. With BRICS nations expanding their membership and growing in prestige, superpowers like China will likely turn to gold to escape the collapsing dollar.
Yesterday Peter joined host Jesse Day on his show, Commodity Culture, to discuss the upcoming election, the historic decline of the dollar relative to gold, and a possible return to quantitative easing. They also devote time to global affairs, namely recent violence in the Middle East and movement in the Chinese equity market.
Gold closed the week at $2,652 (down $6 since last week) and silver at $32.19 (up $0.57). Investment banks are setting higher targets for gold as new monetary warning signs flash.
The troubled yen surged last week as the Fed cemented their decision to implement a huge interest rate cut as Shigeru Ishiba, an advocate for higher interest rates in Japan, won the election for Japanese Prime Minister.
Yesterday Peter joined Michael Gayed and Will Rhind on the Lead-Lag Report. They cover a variety of topics, including the future of the dollar, China’s role in the economy, the prospects of war in the Middle East, and gold’s path to a $3000 price point and beyond.
In the wake of the Fed’s juicy 50 bps interest rate cut, the dollar responded immediately by dropping against gold. With more rate cuts on the way, Israel’s war expanding rapidly, and inflation ready to rip higher, new record prices are on the way for the yellow metal.
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.).
Last week, Peter appeared on This Week in Mining with Jay Martin. They spend a good chunk of time discussing the logic (or illogic) or price controls, de-dollarization, and the possibility of a commodities boom in the post-COVID economy. This is Peter’s second appearance on Jay’s show this year. You can view his first interview […]
