Peter's Blog

November Comex Delivery Analysis

I reported last week that Comex delivery activity was looking very quiet in both gold and silver. The results for November are very weak. That being said, October and November are historically slow months, so the real test will come in December. This analysis focuses on gold and silver physical delivery on the Comex. See the […]

Did the Fed Experiment With a Mini-Taper and Fail?

The Federal Reserve has slightly slowed its asset purchases over the last few months. Was this a trial mini-taper? If so, the results are not good news for the central bankers over at the Fed. The Fed balance sheet stands at $8.56 trillion. That’s up by $108 billion from the prior month-end, but down over […]

Inflationary Spiral: SchiffGold Friday Gold Wrap Oct. 29, 2021

Is inflation transitory, as Federal Reserve Jerome Powell has claimed for months? Or are we on the verge of hyperinflation, as Twitter CEO Jack Dorsey recently warned? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks inflation, digs into the data, and concludes that it’s pretty clear we’re in an inflationary […]

Indian Gold Market Charts Another Healthy Month in September

The recovery in the Indian gold market remained on track in September with strong imports and investment demand. India imported 89.5 tons of gold in September, according to the latest data from the World Gold Council. While that was down 21% from the five-month high we saw in August, it was still far above the […]

Price Analysis: Gold Diverges from Bonds as Critical Test Looms at $1800

The analysis last month showed that selling exhaustion may be near in the gold market. Since then, gold continues to be range-bound between $1750 and $1800 running up against both solid resistance and support. Meanwhile, silver has shown a mini-breakout. The $1800 level for gold is in play this week and could open the door for […]

Comex Countdown: Quiet Before the Storm?

Both gold and silver are seeing quieter activity in Comex contracts. This is not atypical for October and November which are slow months in the lead up to December. This analysis focuses on gold and silver physical delivery on the Comex. See the article What is the Comex for more detail.

Ask Mike Anything: SchiffGold Friday Gold Wrap Oct. 22, 2021

In this episode of the Friday Gold Wrap podcast, host Mike Maharrey answers listener questions. Some of the topics covered include bitcoin, fractional reserve banking, the silver/gold ratio, gold as a safe haven, precious metals in a crisis, and more.

Peter Schiff: Gold Is an Inflation Safe Haven, Not Bonds

Gold and bonds are both considered to be safe havens. But in a recent podcast, Peter explained why bonds are not a safe haven in an inflationary environment. In fact, bonds – including US Treasuries – are risk assets when inflation is running hot. If you want safety from inflation, you need to buy gold.

Chinese Gold Demand Continues to Strengthen

Gold demand in China was up in September, as the country approaches a peak gold-buying season. Both gold withdrawals from the Shanghai Gold Exchange (SGE) in September and gold imports in August were up, a sign that the Chinese gold market continues to recover after it was hit hard by the coronavirus pandemic.

Gold and Silver Comex Vaults Both See 1% Fall in Total Inventory

Both physical gold and silver have been draining from Comex vaults this year. There was a 1% decline in stocks of both metals over the last month. 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 […]