Precious metals news

SD Friday Wrap: It's been another tough week in gold, and now silver has broken-down below the sideways channel of pure agony. Here's the details...

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Fun on Friday is supposed to be fun, but I also like to think of it as a public service. So, today, I'm here to help.
If you have a venereal disease, televangelist Jim Bakker has the cure. Yes indeed! I feel it's my duty to provide you with this information. I mean, who doesn't want to instantly wipe out the consequences of that drunk 2 minutes when you were 16?

When looking at the gold market, it's easy to get caught up in the daily price fluctuations or the most recent headlines on the financial channels and forget about long-term market dynamics. Gold, after all, is generally more of a long-term investment that has historically served as a hedge against economic turmoil and protected investors against fiat currency devaluation - otherwise known as inflation.
The World Gold Council recently released its Gold 2048 report providing in-depth analysis of how the gold market will potentially evolve over the next 30 years. In general, things look pretty bullish for the yellow metal if you consider a longer view.

Looking at the two dotted, exactly the same length, purple lines it is no surprise from this chart either that we get a major low right here.

Egon says to follow the money, which is dumping U.S.Treasuries and buying gold. Here's the details...

We are increasing our allocation toward the precious metal sector, which is currently undergoing a phase of weakness

We have a 200 year rising wedge, and price is about to break down after backtesting it from below a 2nd time. The era for the US dollar is clearly over. #OOTT”

Sophisticated investors have been the victims of deception throughout our nation's history.

Here is a long-term perspective from the actual beginnings of the two series.

Prominent in the thesis for such a program is that we'll all soon be obsolete as far as paying work goes.

According to Attorney General Sessions, the investigation represents the biggest health-care fraud case the DOJ has ever undertaken.

Investor money is hemorrhaging out of global stock funds at a pace not seen since just after the financial crisis exploded. Global equity funds have seen outflows of $12.4 billion in June, a level not seen since October 2008, according to TrimTabs.

In this current case it seems more likely to be a message of a gold price bottom.

It’s an astonishing sum of money. A cup of coffee now costs one million bolivars in Caracas.

"Ultimately central banks panic and create a violent bear market rally in distressed assets. Today that’s EM & European markets, and the big outcome of the 1998 policy panic….the ’99 Tech bubble."

China’s yuan will head in time to its weakest since 2008, & the country’s stock slump also has further to go, according to the veteran global economist George Magnus.

Nobel laureate Robert Shiller believes the housing market is overheated, but there's no need to panic?

"As a reminder, the vast gap between extreme high confidence and extreme low savings rate - a borrow-my-way-to-happiness narrative - has never ended well in the past."

U.S. personal income was expected to increase 0.4 percent in May, after climbing 0.3 percent a month earlier.