Peter's Blog

CFTC Report: Silver Net Short Position Reaches New High for the Move

As highlighted last month, short positioning in gold was at the highest level since April 2019. This laid the seeds for a potential short squeeze. While a squeeze did unfold, it was brief. Sellers have regained control of the market and are driving the price back down. Please note: the COTs report was published 9/2/2022 for […]

Jobs Report: Multiple Full-Time Job Holders Reaches All-Time High

According to the BLS, the economy added 315k jobs in August, which was on par with analyst estimates. While the job numbers continue to appear strong, a deeper look into the data shows some trends that may indicate weakness.

Hello Fed! Welcome to Reality! SchiffGold Friday Gold Wrap Sept. 2, 2022

The Kansas City Federal Reserve Bank published a rather surprising paper that swerves into the truth – the Fed can’t win this inflation fight. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the paper. He also discusses the possibility of a dollar decline and gives his first impression of […]

Is the Fed Worried About the Mortgage Market?

Is the Federal Reserve worried about the tanking mortgage and housing market? If their holdings of mortgage-backed securities (MBS) are any indication, the answer is, yes. The Fed has finally started shrinking its overall balance sheet as promised, but they are not shedding MBS according to plan.

COMEX: Bank of America Backstops Strong Delivery Volume in Silver

As we round out August in the COMEX, gold delivery was strong and silver was dominated by the odd mechanizations of Bank of America.

You’re Forgiven, My Child! SchiffGold Friday Gold Wrap Aug. 26, 2022

This week, President Biden announced a plan to forgive $10,000 to $20,000 in student loan debt. It sounds nice and some people will certainly benefit, but as SchiffGold Friday Gold Wrap podcast host Mike Maharrey explains, we’re all going to pay for this. In this episode, Mike also talks about Jerome Powell’s upcoming Jackson Hole […]

Comex Update: House Accounts See Largest Net Delivery Volume on Record

Gold saw the largest delivery volume in 2022 with 33,593 contracts delivered so far and 244 remaining in open interest. Since 2020, only December and February last year recorded larger volumes.

Getting Technical: A Metal Exchange Interview

Over the last several months, you may have noticed a new series of articles with a data-driven focus here at SchiffGold. In this Metal Exchange interview, host Mike Maharrey talks to the man behind those posts. Mike and Tony dig into the ins and outs of technical, data-driven analysis and how it can expand our […]

13-Week Money Supply Growth Hits Multi-Decade Low

Money Supply growth was positive in July at $42B but sits well below the $161B seen last year. As the chart below shows, Money Supply growth has collapsed since February. Last year started with 5 straight months above $200B whereas 2022 has only seen one month above $100B and that was January.

Gold and Silver Price Analysis: Caution Warranted in the Short-Term

The price analysis last month concluded that the market might have seen capitulation. It suggested the FOMC and GDP could spark a short squeeze based on the overly bearish COTs report. While gold rebounded strongly, it ran into stiff resistance and more hawkish talk by the Fed. With a large pullback from recent highs, is gold about to […]