Peter's Blog

Crying Wolf? SchiffGold Friday Gold Wrap Dec. 23, 2022

Are the people who are predicting a big economic crash right? Or are they just crying wolf? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explains why it’s hard to predict the exact timing of a crash even if you’re certain it’s on the horizon. He also talks about a couple […]

Silver and Gold! Or Peppermint?

‘Tis the season for Christmas specials. I’m not going to lie – even as a grown man, I love watching Christmas specials. Snoopy decorating his dog house. The Grinch folding up the Christmas tree like an umbrella and stuffing it up the chimney. And Frosty the snowman melting in the greenhouse.

COMEX: Silver Registered Ratio Falls to 11.1% – Lowest in 22 Years

The drainage of silver from Comex vaults since the start of the year has been nothing short of spectacular. 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/inventory data at the Comex to show […]

Keep Your Eye on the Ball: SchiffGold Friday Gold Wrap Dec. 16, 2022

It’s easy to get caught up in the day-to-day gyrations of the market, pronouncements of certain government or central bank officials, and the most recent data dump. So, it’s important to keep your eye on the ball. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the latest inflation data […]

CPI: History Suggests the Inflation Fight Might Just be Starting

Before digging into history, let’s look at the recent data. The latest seasonally adjusted inflation rate for November came in at 0.08%. The YoY rate was 7.17%, below median forecast of 7.3%.

Budget Deficit: Is the Surge In Tax Revenues Over?

The Federal Government ran a deficit of $249 billion in November. This is the highest monthly deficit since July 2021 if you ignore the one-time student loan forgiveness-driven deficit in September.

Lies and Statistics: SchiffGold Friday Gold Wrap Podcast Dec. 9, 2022

Mark Twain once said there are lies, damn lies, and statistics. The government excels in all three. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the recent jobs data. He reveals that the numbers just don’t add up and explains why the labor market might not be as awesome […]

TTM Trade Deficit Reaches New Record $982B

The October Trade Deficit increased for the second month in a row to $78.2B. The Deficit had been getting help from exports out of the Strategic Petroleum Reserve, but the pull from the SPR has slowed in recent weeks.

Annualized Interest Set to Exceed $700B By July, Up $400B in Two Years

The Treasury added $175B in new debt during November, hitting the debt ceiling of $31.4T. New debt issuance was focused on the short end of the curve with $145B in Treasury Bills issued.

Is Managed Money Buying this Bull Market?

While demand for physical gold and silver have been robust, managed money has dominated the market. So, is it buying this bull market? Please note: the CoTs report was published 12/02/2022 for the period ending 11/29/2022. “Managed Money” and “Hedge Funds” are used interchangeably.