Peter's Blog

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 […]

All You Do to Me Is Talk Talk! SchiffGold Friday Gold Wrap July 30, 2021

The Federal Reserve held its July meeting this week. Once again, it didn’t do anything. But there was certainly plenty of talk to dissect. In this episode of the Friday Gold Wrap, host Mike Maharrey does just that with some analysis of the messaging coming out of the Fed meeting, along with a look at […]

India Gold Market Shows Signs of Life as COVID Second Wave Eases

India ranks as the second-largest gold-consuming country in the world, second only behind China, but demand has languished for the last couple of years. The pandemic crushed demand, particularly for gold jewelry, but record-high gold prices in rupee terms and government policy put a drag on the gold market even before COVID-19. There were signs of […]

Political Theater: SchiffGold Friday Gold Wrap July 23, 2021

Pop some popcorn. It’s time for some political theater. Congress is gearing up for another debt ceiling fight. In this episode of the Friday Gold Wrap podcast, host Mike Maharey gives you a preview of the next big Washington DC blockbuster production, complete with some debt ceiling history and an explanation as to why we […]

The Story Is All They’ve Got! SchiffGold Friday Gold Wrap Podcast July 16, 2021

Consumer price index data came in hotter than expected. Again. The producer price index data also came in well above projections. But Fed Chair Jerome Powell continues to stick to his “inflation is transitory” story. On this episode of the Friday Gold Wrap, host Mike Maharry digs into the inflation data and highlights Powell’s comments […]

How Long Can They Keep This Thing Going? SchiffGold Friday Gold Wrap July 9, 2021

This week, the IMF undercut the Fed’s “transitory” inflation narrative, warning about the possibility of sustained inflation in the US. But the real question remains unanswered – what will the Fed do about it? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the options on the table. None of […]

ETFs Add Over 40 Tons of Gold in Q2

Gold-backed ETFs globally added 40.7 tons of gold in the second quarter of 2021, reversing a trend of significant outflows in Q1. In 2020, gold-backed ETFs recorded record net inflows of gold. Funds added nearly 231 more tons in 2020 than they did during the previous record year (2009/646 tons). But with declines in the price […]

The Fed vs. the Constitution: SchiffGold Friday Gold Wrap July 2, 2021

Will the Federal Reserve tighten monetary policy to fight inflation? Or will it keep its loose monetary policy in place to support the fake recovery? The central bank has a profound influence on the economy, for better or for worse. But should the Federal Reserve even exist? In this episode of the Friday Gold Wrap, […]

We Have a (Raw) Deal! SchiffGold Friday Gold Wrap June 25, 2021

Yesterday, President Joe Biden announced Republicans and Democrats have come up with a $1.2 trillion infrastructure deal. But where is Uncle Sam going to come up with the money? And what does this tell you about the likely trajectory of Federal Reserve monetary policy? Host Mike Maharrey talks about it in this episode of the […]

A Dove in Hawk’s Clothing: SchiffGold Friday Gold Wrap June 18, 2021

The Federal Reserve wrapped up its June meeting this week. The markets are convinced Jerome Powell has gone hawkish. Has he though? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the messaging coming out of the FOMC meeting and reaches a completely different conclusion. He also compares and contrasts […]