Precious metals news

The headlines today will naturally be all about French President Macron winning re-election over Le Pen. There was such a flood of market commentary before the vote underlining that a Le Pen victory would have been a larger shock than Brexit, etc., and EUR was up in early Asian trading despite the fact that nobody actually thought Le Pen would win: either people secretly feared she might, or it’s ‘buy the rumour, buy the fact’.

n the past week, gold made another run at $2,000 a troy ounce, a level above which it has closed only once, back in August 2020. The price then retreated—bullion was trading around $1,935 an ounce on Friday—making the run-up easy to dismiss as just another head fake for a metal that has trudged along as its commodity cousins have exploded upward in price.

Gold prices slipped to their lowest in four weeks on Monday as prospects of aggressive policy tightening by the U.S. Federal Reserve and a stronger dollar dented the precious metal's appeal.

China must take stronger action to boost growth above 5% in the second quarter, said a central bank adviser who warned the country needs to lay a foundation for achieving its full-year target in the face of rising economic risks.

Weakening currency raises hedging costs for Japanese investors holding U.S. assets.

The bond market, St. Louis Fed President James Bullard said on Thursday, “is not looking like a very safe place to be.” Few investors would argue with that -- except, perhaps, to call it an understatement.

From cutting back to making substitutions, people are finding ways to cope with higher prices

Today feels bad for bulls but it is not even a down payment on what's coming.

The ECB created the greatest corporate bond bubble ever. Now junk bonds get crushed, yields already doubled, set to double again, and again, cleansing out the zombies.

After another wild week in global money markets, traders are betting big on the biggest regime shift in Europe in years: the end of the negative interest-rate era before 2022 is over.

Russia said on Saturday it plans to deploy its newly tested Sarmat intercontinental ballistic missiles, capable of mounting nuclear strikes against the United States, by autumn.

The US is seeking domination over the Mediterranean Sea as tensions with Moscow mount. NATO and Russia have built-up their forces in the region to the most significant level in a generation. Thibault Lavernhe, regional communication officer of the French army in the Mediterranean, said, “Ukraine has changed...

Overcoming doggedly high inflation requires interest rates to be pushed into the "pain zone." But whether any central bank has the nerve to do it is the question, according to investment manager Man Group.

Global stocks fell sharply and the US dollar and Treasuries rallied as new Chinese lockdowns, fears of aggressive interest rate rises and a slowdown in economic growth pushed investors to search for safety.

The Silver Institute has released its World Silver Survey 2022 report, providing an overview of what happened in the silver market in 2021 and looking ahead to this year.
Even with geopolitical and economic headwinds, the report anticipates further growth in the silver market in 2022.

The inflation freight train continues to barrel ahead. Not only are consumer prices at historically high levels; producer prices continue to run ahead of CPI, casting some doubt on the "peak inflation" narrative in the mainstream.
Despite the fact that inflation has been running hot for over a year, the mainstream pundits, government officials and central bankers can't seem to nail down what's going on. First, they said printing trillions wouldn't cause inflation. Then they called inflation transitory. They said it was the pandemic. They pointed their fingers at supply chains and "excess demand." Now they're blaming Putin.

As the global economy continues to break down due to the problems of energy scarcity, investors will move into silver in a BIG WAY.  While this will not happen overnight, the fundamentals continue to strengthen each passing day.  It's important to understand that One Key Silver investor segment will be the primary driver of the silver price in the future...

This is an Important Update revealing some Big Changes in the Silver Market that have taken place over the past month, suggesting institutions are bracing for higher prices.  Also, the situation in the global economy will continue to deteriorate as the West & NATO escalate the Russian-Ukraine War...

In this weeks video, Lance and Adam discuss the unfavorable market reaction to comments made by Jerome Powell and other Federal Reserve staff this week that interest rate hikes will be faster & more aggressive. Will the Fed really deliver on this? That's the key question that the future of the markets hinges on right now.

This analysis focuses on gold and silver physical delivery on the Comex. See the article What is the Comex for more detail.
Silver is wrapping up April which is a minor-month contract on the Comex. Delivery volume has dropped to the lowest levels in at least a year. The chart below shows that 1,343 contracts have stood for delivery with only 6 remaining in open interest.