Peter's Blog

Aug 2021 Technical Analysis: Gold & Silver Bullish or Bearish?

The price of gold and silver can be driven by many variables both technical and fundamental. Fundamental drivers include Fed meetings/speeches, its balance sheet, inflation data, jobs numbers, market risk appetite, etc. This analysis examines some of the more technical factors driving prices (e.g. Comex OI, Miners price action, technical price action). The CFCT Cots report can […]

50 Years of Monopoly Money: Friday Gold Wrap Podcast Aug. 20, 2021

This week marked the 50th anniversary of President Richard Nixon slamming shut the “gold window” and cutting the last tether between the dollar and gold. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explains exactly what Nixon did and the impact of 50 years of monopoly money. He also covers some […]

Tech Company Buys $50 Million in Gold to Protect Against “Black Swans”

Palantir Technologies Inc. bought $50.7 million in gold bars this month as a hedge against another “black swan event.” The company is also inviting customers to pay for data analysis software in gold.

Comex Inventory Aug: Gold Slowly Drains But Silver Surges

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 data at the Comex. This is different than the delivery countdown that looks to see how many contracts will stand for delivery each month. Instead, it shows […]

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 […]