Peter's Blog

Comex Delivery Countdown: June Shows Promise

Gold is wrapping up May which has slightly exceeded the last minor month in March.

13-Week Money Supply Growth Crashes to -7.2%

Seasonally Adjusted Money Supply in April fell $167B. As the chart below shows, this is now the 9th consecutive monthly drop. This is also the second-largest drop of all time, behind only last month.

Citigroup Projects $30 Silver in the Next 6 to 12 Months

Citigroup projects silver could rise to $30 an ounce in the next six months to a year. With silver currently in the $23.00 range, this represents a possible 30% return.

The Technicals: How Much Left in the Current Gold and Silver Correction?

The technical analysis last month highlighted the mixed environment at the time: The indicators are once again giving some mixed signals. The price action is definitely needing further consolidation. However, other indicators suggest a market that is just getting started. … Either way, downside does seem limited at this point, especially considering all the bad news has […]

Comex Increase in Inventories Does Little to Move the Needle

Banks have restocked gold recently, but with the massive drawdown in inventories over the last year, the recent increase has done little to actually replenish those supplies. 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 […]

Who Cares? SchiffGold Friday Gold Wrap May 19, 2023

There are a few things that Friday Gold Wrap host Mike Maharrey writes about that don’t seem to garner much interest. In this show, Mike is going to talk about two of those things, why they matter, and why you should care. He also talks about the recent drop in the price of gold and […]

A Big Disconnect: SchiffGold Friday Gold Wrap Podcast May 12, 2023

The CPI data for April came out this week. The mainstream spin was that it was more good news for the Fed’s inflation fight. But the actual data tells a different story. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the CPI report and the disconnect between the mainstream narrative […]

Federal Budget: TTM Deficit Surges to $1.9T as Tax Revenues Collapse

The Federal Government ran a surplus last month, as it typically does in April due to the tax deadline. The surplus was $176B which was 43% lower than the surplus last April. As the chart below shows, this was driven entirely by collapsing revenues as expenses actually fell as well.

The CPI Is Two Months Away From Bottoming Before the Next Leg Up

The CPI rose in March by 0.37%, which was much larger than last month’s 0.06%. As shown below, this was driven by the energy component flipping from negative to positive. And there’s even worse news. The math is about to turn on the CPI calculation.

US Debt Analysis: Net Interest to Exceed $700B by November

While the US government is not currently adding to the national debt due to being up against the debt ceiling, it is working overtime trying to keep the government afloat. Significantly, the interest on the national debt is skyrocketing even with the temporary lull in borrowing.