Peter's Blog

Why Silver is Outperforming Gold (Again)

Silver’s impressive gains have left it, yet again, outpacing gold by around 50% year-to-date. This is a common pattern for the metal, which has historically tended to outperform gold during certain stages of bull markets.  Just as silver has done before, it’s capitalizing on the same macroeconomic conditions that have been a boon for gold, […]

Modern Silver Bull Markets: 1970s to Today

Silver has been long-maligned as the “poor man’s gold,” but history shows that when it runs, it often outperforms gold by multiples. In fact, silver has delivered some of the most dramatic bull markets in modern financial history. As we watch silver gather momentum in the current cycle, it’s worth looking back at previous silver […]

The Technicals: Recovering from 2011 PTSD

Editors Note I typically write the Technical Analysis quarterly. I most recently analyzed the data last month; however, the gold and silver market has seen a year’s worth of activity in the last month. Thus, I thought it would be good to review again this month. Furthermore, as someone who lived through the last blow […]

Schiff on Fox Business: The Whole Mining Sector is Cheap

Peter recently appeared on Fox Business to comment on the precious metal sector’s record-breaking price action. With the yellow and white metal both reaching new all-time highs and the futures market showing no sign of slowing, Peter explains the rally and analyzes its broader significance to American savers and world governments.  He starts by putting […]

Comex Delivery Not Yet Reflecting Risk That Trump Stacks the Fed

The CME Comex is the Exchange where futures are traded for gold, silver, and other commodities. The CME also allows futures buyers to turn their contracts into physical metal through delivery. You can find more detail on the CME here (e.g., vault types, major/minor months, delivery explanation, historical data, etc.).  The data below looks at […]

Comex Deliveries Return to Normal – For Now

The CME Comex is the Exchange where futures are traded for gold, silver, and other commodities. The CME also allows futures buyers to turn their contracts into physical metal through delivery. You can find more detail on the CME here (e.g., vault types, major/minor months, delivery explanation, historical data, etc.).

What the AI Boom Means for Precious Metals

We are living through the early stages of a technological revolution, and Wall Street is salivating over artificial intelligence. AI is being hailed as the new electricity: a transformative force destined to rewire nearly every industry, capital flows, and the very nature of human productivity itself. 

The WWIII Trade

As war rages on in Iran and Israel, equities are down overall while defense stocks are surging, and both gold and silver have bounced, followed by volatile corrections. You could take a lot of guesses about how to trade the war and chaos—but the surest chaos bet will always be precious metals, especially in the […]

New York Manufacturing Slumps Again

New York’s manufacturing sector faced another difficult month, marking a consistent four-month decline according to the recent Empire State Manufacturing Survey released by the Federal Reserve Bank of New York. The general business conditions index fell sharply to -16.0 in June, emphasizing the continued contraction in regional economic activity. Despite the deteriorating conditions, there is […]

Federal Budget: Q1 2025 – DOGE has not Moved the Needle

Federal Budget The Federal Government publishes the spending and revenue numbers on a monthly basis. The charts and tables below give an in depth review of the Federal Budget, showing where the money is coming from, where it is going to, and the surplus or deficit. The government fiscal year closes at the end of […]