Peter's Blog

Rick Rule: Fed Will “Chicken Out” on Inflation Fight

Well-known investment advisor Rick Rule said the Fed will chicken out on its inflation fight. Rule runs Rule Investment Media and formerly served as the president and CEO of Sprott US Holdings Inc. In a recent interview, Rule said that the Fed could get inflation under control with significantly tighter monetary policy for a sustained […]

Technical Analysis: Gold is Building Solid Support

After a big miss on the Powell/Brainard nominations in November, the price analysis has been fairly accurate. Identifying the initial breakout above $1800, mentioning that $1900 was fragile support, and last month concluding that gold had found a bottom around $1800. For the past month, gold has been consolidating within a tight range around $1850. The data suggests the next […]

Comex Countdown: What’s Really Going on With Silver?

This analysis focuses on gold and silver physical delivery on the Comex. See the article What is the Comex for more detail. The Comex has signaled weakness in the silver market but has been some activity bubbling under the surface. What’s really going on with silver?

Dumping Water on a Drowning Man: SchiffGold Friday Gold Wrap June 24, 2022

They tried to deny it for months, but now everybody knows we have an inflation problem. The president, Congress and all of the central bankers at the Fed are trying to find ways to solve this problem. But as host Mike Maharrey explains in this episode of the Friday Gold Wrap, all of their solutions […]

Comex Inventory: Gold Outflows Accelerate While Silver Sees Significant Shuffling

Outflows of gold from Comex vaults have accelerated. Meanwhile, there is some shuffling of inventories of silver. 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 the physical […]

Playing Darts Wearing a Blindfold: SchiffGold Friday Gold Wrap June 17, 2022

The Federal Reserve just gave us the biggest interest rate hike since 1994. A month ago, we were told a 75 basis-point hike wasn’t on the table. It almost seems like the central bankers are winging it. Or as Friday Gold Wrap podcast host Mike Maharrey puts it, it’s like they’re playing darts while wearing […]

CBO Does Not Expect Revenue Surge to Last

After running the largest monthly surplus ever in April, the Treasury was back to running deficits in May. The Federal government spent $455B in May and collected $389B in taxes, which resulted in a net deficit of $66B.

Peak Inflation Still Ahead as 97.5% of the CPI is Above the 12-Month Average

The latest seasonally adjusted inflation rate for May came in scorching hot at 0.98% MoM and 8.62% YoY, beating expectations of 0.7% and 8.3% respectively. All prices rose in May with 9 of 11 categories rising faster than the 12-month trend, representing 97.5% of the total CPI.

CPI Day! SchiffGold Friday Gold Wrap June 10, 2022

The Consumer Price Index (CPI) data for May came out this morning. The projection was for another hot headline number but some relief in core CPI. This would seem to indicate we’ve passed peak inflation. In this episode of the Friday Gold Wrap podcast, host Mike Maharey explains why “good news” in the CPI data […]

Yearly Trade Deficit Sets New Record Despite MoM Decrease

The April trade deficit came in at -$87B. This was the first time in 5 months that a new record had not been set (pink dot below). The Net Goods Deficit remained below -$100B for the fifth straight month. This Trade Deficit comes on the heels of an absolutely massive -$108B Deficit in March. It’s […]