Precious metals news

The costs of the top six Gold Miners continue to inch higher, but is the gold mining industry severely undervalued compared to the gold price?  Several analysts suggest this is the case.  Interestingly, I see that a few of the top gold miners may be "Significantly overvalued."  If true, which companies are they...

With the Nasdaq down more than 600 points and the Dow Jones off nearly 900 points at the day's lows, has the Market Meltdown finally arrived?  Also, it looks like Trump's Big Cryptp Pump on Sunday only had a Half-Life of one day as Bitcoin and Ethereum have totally retraced their large 24-hour gains...

With Bitcoin experiencing a great deal of investor inflows in 2024, especially after Trump was elected president, how does it compare to Silver as a "Store of Value?"  Well, we may find out our answer soon enough as the next three months could be very critical for the Bitcoin Price...

With the NASDAQ finally crashing below its Massive Bearish Wedge, is more to come?  If so, Bitcoin and the Bitcoin Mining Industry are in serious trouble.  Why?  The Gold and Silver miners still enjoy large profitable margins while the Bitcoin Miners lost money when Bitcoin was over $100K...

What a crazy, volatile day in the markets!!  The worst hit was the Nasdaq-Tech stocks and the speculative Bitcoin Bubble.  Unfortunately, while Bitcoin was down 6%, Mike Saylor's Microstrategy was almost down double at 11%.  Part of the reason for the market turmoil was the continued Trump Tariff Mania...

If King Copper is the bellwether for the global economy, then surging inventories suggest trouble ahead.  Not only have global copper exchange inventories surged higher in the past several weeks, they have surpassed the peak from last year.  However, the silver market continues to suffer from tightness in the wholesale market...

Precious metals investors want to know if this Tariff-driven "SilverSqueeze" will continue.  Well, according to several Professional analysts in the commodity markets, they believe the Dislocation in the silver market is worse than gold.  Why?  Central banks can lease their gold temporarily to deal with the tightness in the market, but this can't happen with silver...

If allowed, U.S. companies will be allowed to export such a large amount of LNG, which will triple the price of natural gas for Americans.  This will also drastically increase what Americans pay for Electricity.  Also, did you see the Crazy Crypto Weekend when Argentina President Milei launched its own Crypto Coin and then crashed...

As Barrick hit a new all-time high cost to produce gold in the fourth quarter, the Mali Government threatened the CEO with arrest if he entered their country.  This sounds like something right out of a NetFlix movie.  The Mali Government also suspended Barrick's Loulo-Grounkoto Mine's gold shipments...

While we hear more talk about the supposed Death of Peak Oil, the world is running straight into the Energy Cliff Chainsaw.  What does that mean?  Well, if you see what is happening in the Texas Permian shale oil field, there are serious problems the government would rather keep quiet...

With all the talk of Trump & Musk cutting government spending... are they really?  If we look at some of the Public debt data and U.S. Treasury Issuance, something just doesn't seem right.  Also, what's going on in the Gold Market in 2025, and will we see much higher prices this year...

With the gold price hitting an all-time high today, we continue to see many analysts on social media threatening an LBMA gold default.  Also, a record amount of silver was removed from the LBMA in January, but not all of it went to New York.  And there are important must-see COMEX Charts...

Federal Reserve officials Susan Collins and Raphael Bostic have signaled a cautious approach to further interest rate cuts, emphasizing the need to evaluate economic impacts of both recent monetary policy changes and new White House initiatives. Following three rate cuts totaling 100 basis points since September, the officials want to observe the effects before making additional adjustments. The Fed must also consider Trump's new tariffs, which Collins notes could cause short-term inflation across both final goods and intermediate production materials. While both officials expect rates to eventually decrease from the current 4.25-4.5% range, with Bostic suggesting a target of 3.0-3.5%, the timing remains uncertain. Some economists now project the Fed may hold rates steady throughout the year. Bostic maintains optimism about continued labor market strength and inflation's trajectory toward the Fed's 2% target, but emphasizes the need for patience given the evolving economic landscape.

Oil markets have reversed all gains made in 2025 as escalating trade tensions between the US and China threaten global economic growth and energy consumption. West Texas Intermediate crude fell below $72 per barrel following China's announcement of retaliatory measures, which include a 10% tariff on US oil imports and 15% levies on coal and LNG. While direct US oil exports to China are modest at 250,000 barrels per day, the broader implications of a trade war between the world's largest economies could significantly impact global energy demand. The market volatility comes amid already concerning signals, including declining Chinese manufacturing activity for two consecutive months.

Despite gold prices hitting 40 record highs with increases up to 30%, Chinese luxury gold products maintain strong sales while mainstream jewelry suffers. Laopu Gold exemplifies this trend with a 70% stock surge on its Hong Kong debut and projected 136% revenue growth to $1 billion in 2024, with net profits expected to rise 187% to 1.2 billion yuan.

China's central bank faces mounting pressure to relax its tight control over the yuan as Trump's trade tariffs threaten to impact exports. Analysts from ANZ Banking and Malayan Banking expect the PBOC to allow the yuan's daily fixing to weaken past 7.2 per dollar, a level carefully defended since Trump's election. The offshore yuan has already touched 7.3734, its lowest since October 2022, though it recovered after Trump indicated willingness to negotiate. Goldman Sachs projects the onshore yuan could reach 7.4-7.5, suggesting a potential 3.4% decline. While currency depreciation could help offset tariff impacts, China must balance this against risks of capital outflows and US accusations of manipulation. The situation remains fluid, as demonstrated by the peso and Canadian dollar's rebound after Trump delayed tariffs on Mexico and Canada following border control agreements. Beijing reportedly plans to pledge against competitive devaluation, highlighting the complex dynamics between trade policy, currency...

Global bullion banks are shipping gold from Asian trading hubs to the US to capitalize on unusually high Comex futures premiums driven by tariff concerns. While Asian markets face discounts of up to $15 in India and around $1 in China, US futures are commanding a $40 premium over spot prices. The trend has led to an unprecedented 80% increase in Comex gold inventories since late November, adding 13.8 million troy ounces worth over $38 billion. Banks are even moving gold from customs-free zones in India and sourcing from Dubai refineries to capitalize on this premium, as high prices have dampened Asian retail demand. The cost of transportation is negligible compared to the potential profits from the price differential.

Trump's new tariffs on China, with potential duties on Mexico and Canada, could cost typical households $1,200 annually, with lower-income Americans facing disproportionate impact. According to Peterson Institute analysis, while typical households face $1,200 in annual costs, the bottom 20% of earners would lose 2.7% of their income, more than four times the 0.6% impact on the top 1%. This disparity stems from lower-income families spending more of their income on essential goods directly affected by tariffs. The timing is particularly challenging as consumer financial health shows signs of stress, with credit card minimum payments reaching record highs at 11% of active accounts. The broader economic implications include potential inflation increases that could delay Federal Reserve rate cuts, keeping borrowing costs elevated. Additionally, retaliatory measures from China could affect manufacturing and agricultural jobs, particularly in states that supported Trump's 2024 election victory. The situation is...

China has responded to Trump's 10% blanket tariff with targeted measures affecting $20 billion in US imports, including 15% levies on coal and LNG and 10% on crude oil and select vehicles. Beijing also launched an antitrust probe into Google and imposed export controls on critical metals. The measured response suggests China's willingness to negotiate, while Trump paused similar tariffs on Mexico and Canada for 30 days of talks.

Steel prices are climbing even before the implementation of Trump's proposed 25% tariffs on Mexican and Canadian imports, with major producers like US Steel and Nucor already announcing price increases. While the tariffs' implementation is paused for negotiations, their potential impact is significant since Canada and Mexico supply 35% of US steel imports. Manufacturers are feeling the pressure, exemplified by Riverdale Mills' situation where steel represents two-thirds of production costs. The company currently sources 80% of its wire rod from Canada due to lower shipping costs compared to domestic alternatives. The tariffs would strengthen US steelmakers' pricing power but could disadvantage American manufacturers competing globally. For consumers, these changes could mean higher prices across various sectors, from appliances to aluminum-packaged beverages. US steel executives support the tariffs and advocate for eliminating exemptions, while Canada and Mexico have promised retaliatory measures, risking...