(Mike Maharrey, Money Metals News Service) A former Federal Reserve advisor said the recent selloff in gold and silver wasn’t just nervous investors booking profits on oversold assets. She thinks it signals deeper structural rot in the financial system.
After peaking near $4,400 an ounce, gold was hammered lower, falling...
(Mike Maharrey, Money Metals News Service) After the big selloff in gold and silver, a Saxo Bank analyst says the metals are no longer overbought, but they are still under-owned.
After peaking near $4,400 an ounce, gold got hammered lower on Tuesday and Wednesday, falling to close to $4,000 before...
(Stefan Gleason, Money Metals News Service) With gold and silver pulling back from their all-time highs over the last few days, the naysayers on Wall Street – who totally missed the huge rally in both metals since Labor Day – have boldly declared the top is in.
They further claim the dollar...
(Money Metals News Service) In this Money Metals Midweek Memo, host Mike Maharrey cautions listeners against confusing market symptoms with the underlying illness. He opens with a reminder to focus on what drives prices, not just the prices themselves.
That point lands as gold slips below $4,100 per ounce after a single-day...
(Chris Powell, Money Metals News Service) Market analysts are searching for an explanation for today's bombing of gold and silver prices. For example, the Wall Street Journal today wrote the following:
The sudden fall in gold and silver prices lacks a clear trigger, XTB research director Kathleen Brooks writes. ...
The fall is likely...
(Mike Maharrey, Money Metals News Service) Is silver overbought?
Technically, yes. But that doesn’t mean the bull market is over, as some mainstream analysts would have you believe.
From a technical standpoint, an asset is overbought when the price runs up extremely fast relative to the recent trend.
On September 18, silver was...
(Ken Silva, Headline USA) At least three major media outlets have recently reported that public funds from the now-defunct U.S. Agency for International Development were diverted to the El Salvadoran gang, La Mara Salvatrucha, more commonly known as MS-13.
ProPublica first reported the bombshell revelation in early June, citing sources who...
(Ken Silva, Headline USA) The Wall Street Journal reported Saturday that progressive non-profit organizations have raised alarms that billionaire George Soros will be “de-banked” by the Trump administration—that is, he’ll have his accounts frozen and won’t be able to fund leftist initiatives.
The Journal’s article comes amidst reports that the...