Peter's Blog

Fun on Friday: The Rise of the Crypto Gangster

I learned a new term this week – crypto gangster. I have to confess — it sounds kind of cool. “What do you do, Maharrey?” “I’m a crypto gangster. So, don’t mess with me.”

Going Off Script: Friday Gold Wrap Podcast Aug. 13, 2021

Gold and silver tanked after last Friday’s job report. But both metals have rallied a bit since the July CPI numbers came in right at expectations. In this episode of the Friday Gold Wrap, host Mike Maharrey looks a little deeper at jobs and CPI. Then he goes off-script and addresses some listener comments.

Chinese Gold Demand Rebounds in First Half of 2021

Chinese gold demand rebounded sharply in the first half of 2021 after plummeting in 2020, according to data released by the China Gold Association (CGA).

Markets Are Moving on a Fantasy

We’ve seen a sharp selloff in both gold and silver. Gold was down over $40 an ounce Friday. Meanwhile, the US dollar saw a sharp increase, along with a rise in long-term Treasury yields. The catalyst for these sharp moves was a better-than-expected jobs report and expectation that it will spark a quick pivot to […]

Fun on Friday: Is There Mobster Gold in Them Thar Hills?

How about a treasure hunt? I’ve got one for you. Word has it, there is mobster gold buried somewhere in the Catskills.

Faking It: SchiffGold Friday Gold Wrap Podcast Aug. 6, 2021

Gold was solidly above $1,800 an ounce this week until Fed Vice Chair Richard Clarida mentioned the economy reaching the Fed’s goals earlier than expected and raised the specter of monetary policy tightening. But is the economy really improving as much as everybody seems to think? In this week’s Friday Gold Wrap, host Mike Maharrey […]

ETFs Globally Continued to Add Gold in July

Gold continues to flow into ETFs. After increasing holdings by 40 tons in the second quarter, funds globally added another 11.1 tons of gold in July, according to the latest data from the World Gold Council.

Q2 Central Bank Gold Buying 73% Above 5-Year Average

Central banks globally added a net 199.2 tons of gold in the second quarter of 2021. That was the highest level of quarterly net purchases since Q2 2019 and 73% above the five-year quarterly average, according to data compiled by the World Gold Council.

CFTC COTS Analysis July 2021

The CFTC Commitment of Traders (COTs) report is released once a week and shows a breakdown of open interest by trader category. As discussed in the gold/silver pricing analysis, Open Interest can be a major factor in the metal price. The CFTC breaks down open interest by:

Comex Delivery Results: August 2021 Contract

This analysis focuses on gold and silver data provided by the Comex/CME Group. The Comex (or CME Group) is a global derivatives market that allows for trading in futures contracts. They allow two parties (a long and a short) to speculate or hedge in specific commodity markets and guarantee the transaction in the process. The majority […]