Peter's Blog

The Big Story: SchiffGold Friday Gold Wrap Dec. 31, 2021

We’re on the cusp of a new year. We certainly had a wild ride in 2021 with continuing coronavirus drama, inflation that turned out to be not so transitory, and a record-breaking stock market bubble. So, what was the biggest story of 2021? Friday Gold Wrap host Mike Maharrey thinks it was a story that […]

Could Gold Help Us Find Space Aliens?

Gold may be the key to finding space aliens! After years of development, the James Webb Space Telescope (JWST) was launched into space on Christmas day.

November Money Supply: Similar and Different to November 1972

Despite talk about a war on inflation and a quantitative easing taper, the money supply continues to expand at a rapid clip, fanning the inflationary fire. M2 increased by $249.2B in November.

Looser Monetary Policy in China Could Further Boost Chinese Gold Demand

While the Federal Reserve talks about tightening monetary policy, the Chinese central bank is heading in the opposite direction. This could boost gold demand in that country even further. Earlier this month, the People’s Bank of China announced a 0.5% cut in financial institutions’ required reserve ratio (RRR). According to the World Gold Council, this move […]

Comex Countdown: December Delivery Surges and January Looks Strong

Silver delivery in December surged to levels not seen since last spring and reversed the downward trend in place since last summer. This analysis focuses on gold and silver physical delivery on the Comex. See the article What is the Comex for more detail.

REAL Interest Rates: The Missing Puzzle Piece the Mainstream Is Ignoring

Inflation is sizzling hot. Gold has historically served as an inflation hedge. So, why hasn’t gold caught a bid? In a word, confusion. Taper tantrums and fear of Fed rate hikes have generated massive confusion in the markets. People are selling gold when they should be heavily buying gold in the dips. And at the […]

Chinese Gold Imports at Highest Level Since 2019

In October, Chinese gold imports reached the highest level since December of 2019 as the market continues to recover after taking a hard hit during the coronavirus pandemic. According to the latest data from Chinese customs, the country imported 123 tons of gold in October. That was a 38-ton month-on-month increase. China ranks as the […]

The Technicals for Gold: Yet Another Battle at $1800

Gold looked very strong through mid-November. Trends in September and October had been pointing to a breakout. The market delivered sending gold up through $1870. Unfortunately, hard resistance kept the bulls in check, despite repeated attempts to breakthrough. The previous price analysis presumed that a Brainard nomination at the Fed would be the catalyst needed to break through $1880. […]

Comex Stock Report: JP Morgan Refill the Coffers

Gold inventories in Comex vaults increased for only the second time since February this year. This analysis focuses on gold and silver within the Comex/CME futures exchange. See the article What is the Comex? for more detail. The charts and tables below specifically analyze the physical stock/inventory data at the Comex to show the physical movement of […]

Fun on Friday: Messing With Your Christmas Memories

‘Tis the season for Christmas specials. I’m not going to lie – even as a grown man, I love watching Christmas specials. Snoopy decorating his dog house. The Grinch folding up the Christmas tree like an umbrella and stuffing it up the chimney. And Frosty the snowman melting in the greenhouse.