Peter's Blog

Comex: Platinum Shorts Live to See Another Day

I typically start this analysis with gold, but the action in the platinum market is impossible to ignore. The next four charts should tell you everything you need to know. First, similar to gold and silver, platinum has seen a much higher delivery volume since the pandemic struck in 2020.

Study Shows You Need More Silver in Your Portfolio!

Do you have silver in your portfolio? You should! According to research by Oxford Economics, investors would benefit from an average of 4 to 6 percent silver allocation within a diversified portfolio. This is far below the average investor’s exposure to silver.

Collapse in Money Supply Is Still a Major Risk for the Market

Money Supply growth was barely positive in August at $2B and sits well below the $233B seen last year. As the chart below shows, Money Supply growth has collapsed since February. Last year started with five straight months above $200B, whereas 2022 has only seen one month above $100B and that was January.

Calling the Fed’s Bluff: They are Holding a Losing Hand

The Fed has talked a big game lately. Many people (including me) assumed the Fed would fold a long time ago. There is a very good reason — the Fed will crush the economy and the US Treasury with higher interest rates. In reality, the Fed is holding a losing hand and trying to bluff […]

Price Analysis: Support Becomes Resistance

The price analysis last month titled Caution Warranted in the Short Term, highlighted the potential risk in gold and silver after a rough July and early August. It concluded the path was much less clear. There were two possible paths forward: Gold could be range bound again between $1750-$1800, or, a hawkish Fed at the Jackson […]

Feel the Pain! SchiffGold Friday Gold Wrap Sept. 23, 2022

The September Federal Reserve meeting wrapped up this week with another 75 basis point rate hike. And Fed Chairman Jerome Powell admitted that there is going to be some pain as the central bank continues to fight inflation. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey reacts to the meeting and […]

Comex Update: September Gold Delivery Volume Blasts Higher

September gold has been a very strong delivery month with 8,573 contracts being delivered plus an additional 718 in open interest that will be delivered over the next week (9,219 total). It is currently still below the July month but could exceed the total by the time the month completes due to mid-month activity.

Comex Stock Report: The Vaults are Still Bleeding

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 movement of metal into and out of Comex vaults.

A “Silver” Lining in the Metals Market: Silver Rally Could Bode Well for Both Gold and Silver

While gold dropped last week, silver rallied. Peter Schiff called it a “silver lining” that could indicate we’re near the bottom in the precious metals dip. Gold and silver have sold off with every inflation surprise to the upside. The markets think persistent inflation means the Fed will get even more aggressive with rate hikes. […]

Treasury Runs Largest August Deficit Ever as Interest Costs Soar

The federal government ran a $220 billion deficit in August. It was the largest monthly deficit since last July.