Author Archives: MK

Trump tells Russians to ‘get ready’ for missiles coming at Syria

Bloomberg/ Daniel Flatley , Gregory Viscusi , and Donna Abu-Nasr/4-11-2018

“President Donald Trump said relations with Russia are worse than they have ever been and warned the country to ‘get ready’ because a volley of U.S. missiles would soon be sent into Syria in response to a suspected chemical weapons attack. ‘Russia vows to shoot down any and all missiles fired at Syria. Get ready Russia, because they will be coming, nice and new and ‘smart!,’ Trump wrote on Twitter. ‘You shouldn’t be partners with a Gas Killing Animal who kills his people and enjoys it!'”

MK note:  Anyone remember “speak softly but carry a big stick?” Maybe only a few. . . That’s from the good old days.

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Posted in MK Short & Sweet |

Gold holds on to early gains in quiet trading, news day

LATE REPORT

Gold held onto gains from the early day to finish up $3.00 at $1339. Silver finished at $16.54 and up 8¢ on the day. It was a quiet news day overall with China president Xi’s conciliatory tone on trade issues the biggest story. Though subject to interpretation, both the gold and stock markets read the remarks as mildly positive. Then again, tomorrow is a new day and we shall see what it brings. As mentioned in our EARLY REPORT rising commodities underpinned gold today as did the producer price report which came in higher than forecast.

Quote of the Day
“. . .[I]f you go down the line of currencies around the world, you don’t find many attractive opportunities. And that’s why I say if the world were to give up on dollars and give up on euros, they’d probably go back to the old standby, which is gold. And I don’t mean by gold, government run gold standard, like we had in the late 19th century. That’s politically impossible. Governments will never be willing to subordinate their policies to the constraints of a hard commodity ever again… So how could gold make a revival as a sort of international money? Well, we don’t actually need a government run gold standard anymore…since people have always had confidence in gold as a long-term store of value, there’s no reason why it couldn’t play that role.” – Benn Steil, Director of International Economics, Council on Foreign Relations


USAGOLD’s Online Order Desk

If you haven’t visited our new Online Order Desk as yet, we invite you to take a test drive. We have been surprised by its instantaneous popularity and the number of clients who have already placed their first order. One of its most useful features is that you can order anytime day or night and on weekends. With prices down some this evening, it might be a good time to put in your first order. The state of the art system updates prices continuously, and we have a good selection of items available typical of most safe-haven precious portfolios. We invite your visit and your participation.

Great prices. Quick delivery. All the time.
Modern gold and silver bullion coins and bars
Historic fractional gold coins
Historic U.S. gold coins


 

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Posted in dailyquotes |

Gold holds on to early gains in quiet trading, news day

LATE REPORT

Gold held onto gains from the early day to finish up $3.00 at $1339.  Silver finished at $16.54 and up 8¢ on the day. It was a quiet news day overall with China president Xi’s conciliatory tone on trade issues the biggest story.  Though subject to interpretation, both the gold and stock markets read the remarks as mildly positive.  Then again, tomorrow is a new day and we shall see what it brings. As mentioned in our EARLY REPORT rising commodities underpinned gold today as did the producer price report which came in higher than forecast.

Quote of the Day
“. . .[I]f you go down the line of currencies around the world, you don’t find many attractive opportunities. And that’s why I say if the world were to give up on dollars and give up on euros, they’d probably go back to the old standby, which is gold. And I don’t mean by gold, government run gold standard, like we had in the late 19th century. That’s politically impossible. Governments will never be willing to subordinate their policies to the constraints of a hard commodity ever again… So how could gold make a revival as a sort of international money? Well, we don’t actually need a government run gold standard anymore…since people have always had confidence in gold as a long-term store of value, there’s no reason why it couldn’t play that role.” – Benn Steil, Director of International Economics, Council on Foreign Relations


USAGOLD’s Online Order Desk

If you haven’t visited our new Online Order Desk as yet, we invite you to take a test drive. We have been surprised by its instantaneous popularity and the number of clients who have already placed their first order. One of its most useful features is that you can order anytime day or night and on weekends. With prices down some this evening, it might be a good time to put in your first order. The state of the art system updates prices continuously, and we have a good selection of items available typical of most safe-haven precious portfolios. We invite your visit and your participation.

Great prices. Quick delivery. All the time.
Modern gold and silver bullion coins and bars
Historic fractional gold coins
Historic U.S. gold coins


 

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Posted in MK Short & Sweet |

Gold up on conciliatory Xi remarks, rising commodities

EARLY REPORT

Gold is up $3.50 in early trading at $1339 advancing on China president Xi’s generally conciliatory speech overnight and a bump higher in the producer price index. The two events are related in that a smoothing over of the trade battle between China and the United States is seen as a positive for commodity prices. Rising commodity prices, in turn, translate to higher wholesale prices which, by the way, were up an unexpected .3% per this morning Labor Department report. Commodity indices are pushing higher this morning as a result and so are gold and silver. Silver is up 12¢ at $16.59.

Chart of the Day

Chart courtesy of TradingEconomics.com
Chart note: This chart superimposes the gold price over the Goldman Sachs Commodity Index since 1970. Please note gold’s strength during periods of both commodity inflation (2000-2008) and disinflation (2009-2013). Should commodity inflation resume in the general economy – and a good many analysts predict it will – gold will be starting from a solid, ascending base.
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Posted in dailyquotes |

Gold on conciliatory Xi remarks, rising commodities

EARLY REPORT

Gold is up $3.50 in early trading at $1339 advancing on China president Xi’s generally conciliatory speech overnight and a bump higher in the producer price index. The two events are related in that a smoothing over of the trade battle between China and the United States is seen as a positive for commodity prices. Rising commodity prices, in turn, translate to higher wholesale prices which, by the way, were up an unexpected .3% per this morning Labor Department report. Commodity indices are pushing higher this morning as a result and so are gold and silver. Silver is up 12¢ at $16.59.

Chart of the Day

Chart courtesy of TradingEconomics.com
Chart note:  This chart superimposes the gold price over the Goldman Sachs Commodity Index since 1970. Please note gold’s strength during periods of both commodity inflation (2000-2008) and disinflation (2009-2013). Should commodity inflation resume in the general economy – and a good many analysts predict it will – gold will be starting from a solid, ascending base.
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Posted in MK Short & Sweet |

Gold marginally higher, confusion reigns in markets on trade war

LATE REPORT

Gold pushed marginally higher today finishing the day up $2.50 at $1336.  Silver also finished higher at $16.45 (+10¢). There was little in the way of news to push prices with any authority in one direction or the other.  The Dow Jones Industrial Average went into another nose dive presumably on news that the FBI raided the offices of President Trump’s personal lawyer, losing 400 points in the final hour of trading.  Thus far, the raid has had little to no effect on the gold price.

In this morning’s early report we talked about investors dividing into two camps – those who believe the trade wars are for real and those who do not. To you give you an idea of the level of confusion on the subject, Reuters reported this morning that “China blamed the U.S. for trade friction saying negotiation was currently impossible.” President Trump, on the other hand, expressed optimism “the U.S. will be able to reach a deal with China that diffuses trade tensions.” So which is it?

Bridgewater’s Ray Dalio offers one of the more thoughtful analyses I have seen on the subject to date.  He has gone from non-believer to believer on the trade war.  I rate the essay a MUST READ.  Here’s the link and below is a quote from that piece.  Dalio says Bridgewater works towards “ensuring our portfolios are liquid (to be flexible) and diversified (to not have concentrated risks). Our advice for others is to do the same.”  Dalio’s has publicly advocated gold ownership on several occasions over the past year or two.

Quote of the Day
“Most recently, Donald Trump threatening to raise the stakes by $100 billion and the Chinese promptly indicating that they will match the moves dollar for dollar and step by step took me and people closer than me to the negotiations by surprise. These developments broke my scenario that trade tensions would subside and increased the odds that a different and scarier agenda might be in play that raises the odds of trade, capital, cyber, and/or shooting wars on the horizon.” – Ray Dalio, Bridgewater Associates, 4-9-2018


Recent Better Business Review

(March 29, 2018) – My experiences with USAGOLD have all been positive, informative, enjoyable and profitable. Their book on the basics of gold is literally a treasure. It sets your feet on the right path and on solid ground. USAGOLD has fulfilled every promise in a timely way and always with wonderful courtesy. I highly recommend this company in all respects. – Hugh D.

(March 31, 2018) – We were first time gold investors. In search for information we came across their web site, which is excellent. When we contacted them, Jonathan Kosares lead us through the process. He provided information, suggested gold coins, but did not direct how we invested. He is always available to answer questions. The service has been excellent. Their business practices have been outstanding. We have absolute faith the company. They are the best investment company we have ever dealt with. – John G.

Scorecard: 45 five star reviews ( 7 last 30 days).  Zero complaints.
A+ rating. Accredited since 1991.

[Link]

To end right, start right.
Choose the right portfolio mix with the right firm at the right price.
Choose USAGOLD serving gold and silver investors since 1973

1-800-869-5115 Ext#100
orderdesk@usagold.com

 

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Posted in MK Short & Sweet |

Gold marginally higher, confusion reigns in markets on trade war

LATE REPORT

Gold pushed marginally higher today finishing the day up $2.50 at $1336. Silver also finished higher at $16.45 (+10¢). There was little in the way of news to push prices with any authority in one direction or the other. The Dow Jones Industrial Average went into another nose dive presumably on news that the FBI raided the offices of President Trump’s personal lawyer, losing 400 points in the final hour of trading. Thus far, the raid has had little to no effect on the gold price.

In this morning’s early report we talked about investors dividing into two camps – those who believe the trade wars for real and those who do not. To you give you an idea of the level of confusion on the subject, Reuters reported this morning reported that China blamed the U.S. for trade friction saying negotiation was currently impossible. President Trump, on the other hand, expressed optimism “the U.S. will be able to reach a deal with China that diffuses trade tensions.” So which is it?

Bridgewater’s Ray Dalio offers one of the more thoughtful analyses I have seen on the subject to date. He has gone from non-believer to believer on the trade war. I rate the essay a MUST READ. Here’s the link and below is a quote from that piece. Dalio says Bridgewater works towards “ensuring our portfolios are liquid (to be flexible) and diversified (to not have concentrated risks). Our advice for others is to do the same.” Dalio’s has publicly advocated gold ownership on several occasions over the past year or two.

Quote of the Day
“Most recently, Donald Trump threatening to raise the stakes by $100 billion and the Chinese promptly indicating that they will match the moves dollar for dollar and step by step took me and people closer than me to the negotiations by surprise. These developments broke my scenario that trade tensions would subside and increased the odds that a different and scarier agenda might be in play that raises the odds of trade, capital, cyber, and/or shooting wars on the horizon.” – Ray Dalio, Bridgewater Associates, 4-9-2018


Recent Better Business Review

(March 29, 2018) – My experiences with USAGOLD have all been positive, informative, enjoyable and profitable. Their book on the basics of gold is literally a treasure. It sets your feet on the right path and on solid ground. USAGOLD has fulfilled every promise in a timely way and always with wonderful courtesy. I highly recommend this company in all respects. – Hugh D.

(March 31, 2018) – We were first time gold investors. In search for information we came across their web site, which is excellent. When we contacted them, Jonathan Kosares lead us through the process. He provided information, suggested gold coins, but did not direct how we invested. He is always available to answer questions. The service has been excellent. Their business practices have been outstanding. We have absolute faith the company. They are the best investment company we have ever dealt with. – John G.

Scorecard: 45 five star reviews. ( 7 last 30 days) Zero complaints.
A+ rating. Accredited since 1991.

[Link]

To end right, start right.
Choose the right portfolio mix with the right firm at the right price.
Choose USAGOLD serving gold and silver investors since 1973

1-800-869-5115 Ext#100
orderdesk@usagold.com

 

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Posted in dailyquotes |

Gold turns, markets see-saw on trade war posturing

EARLY REPORT

Gold traded as low as $1327 overnight but is now staging something of a recovery by going even on the day at $1334. Silver is up 4¢ in the early going at $16.45.

With so much posturing being displayed on both sides in the trade war, it is difficult for investors to separate possibilities from probabilities, the likely course of action from the unlikely. Add to that the mixed signals coming out of the Trump administration and you get the kind of see-saw results we are seeing in all markets, including gold.

Investors have divided themselves into two camps – those who believe the trade wars are for real and those who do not. Currently, the two are battling it out for primacy in the financial markets. I would like to say it will all become clear ultimately, but something tells me this is the way it is going to be for some time to come.

Bloomberg is running a headline story this morning that “China is studying yuan devaluation as a tool in trade spat.” I’ll enter that in the posturing column and go on with my day. There is something self-defeating about telling the world you want your currency to compete against the dollar as a reserve currency, then devalue it at the first sign of trouble.

Chart of the Day

Chart note: “Silver’s price behavior [as shown in the chart above] is unusual, making it a challenging investment psychologically. Most of the time silver is maddeningly boring, drifting listlessly for months or sometimes years on end. So the vast majority of investors abandon it and move on, which is exactly what’s happened since late 2016. There’s so little interest in silver these days that even traditional primary silver miners are actively diversifying into gold!
But just when silver is universally left for dead, one of its massive uplegs or bull markets suddenly ignites. Some catalyst, typically a major gold rally, convinces investors to return to silver. Their big capital inflows easily overwhelm the tiny global silver market, catapulting this metal sharply higher. Silver skyrockets to amazing wealth-multiplying gains, dwarfing nearly everything else. This reinvigorates silver’s cult-like following.” – Adam Hamilton, SafeHaven, 4-6-2018

USAGOLD’s Order Desk can point you in the right direction on the right silver items for your portfolio at the right price. And if you are thinking about a major purchase, we can help you set-up a cost-effective safe storage account that alleviates delivery and storage concerns . . . . . . . . . .1-800-869-5115, Ext#100

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Posted in dailyquotes |

Gold turns, markets see-saw on trade war posturing

EARLY REPORT

Gold traded as low as $1327 overnight but is now staging something of a recovery by going even on the day at $1334. Silver is up 4¢ in the early going at $16.45.

With so much posturing being displayed on both sides in the trade war, it is difficult for investors to separate possibilities from probabilities, the likely course of action from the unlikely.  Add to that the mixed signals coming out of the Trump administration and you get the kind of see-saw results we are seeing in all markets, including gold.

Investors have divided themselves into two camps – those who believe the trade wars are for real and those who do not.  Currently, the two are battling it out for primacy in the financial markets.  I would like to say it will all become clear ultimately, but something tells me this is the way it is going to be for some time to come.

Bloomberg is running a headline story this morning that “China is studying yuan devaluation as a tool in trade spat.”  I’ll enter that in the posturing column and go on with my day. There is something self-defeating about telling the world you want your currency to compete against the dollar as a reserve currency, then devalue it at the first sign of trouble.

Chart of the Day

Chart note: “Silver’s price behavior [as shown in the chart above] is unusual, making it a challenging investment psychologically. Most of the time silver is maddeningly boring, drifting listlessly for months or sometimes years on end. So the vast majority of investors abandon it and move on, which is exactly what’s happened since late 2016. There’s so little interest in silver these days that even traditional primary silver miners are actively diversifying into gold!
But just when silver is universally left for dead, one of its massive uplegs or bull markets suddenly ignites. Some catalyst, typically a major gold rally, convinces investors to return to silver. Their big capital inflows easily overwhelm the tiny global silver market, catapulting this metal sharply higher. Silver skyrockets to amazing wealth-multiplying gains, dwarfing nearly everything else. This reinvigorates silver’s cult-like following.” – Adam Hamilton, SafeHaven, 4-6-2018

USAGOLD’s Order Desk can point you in the right direction on the right silver items for your portfolio at the right price. And if you are thinking about a major purchase, we can help you set-up a cost-effective safe storage account that alleviates delivery and storage concerns . . . . . . . . . . .1-800-869-5115, Ext#100

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Posted in MK Short & Sweet |

Gold finishes on positive, Wall Streeters face less than restful weekend

LATE REPORT

Gold ended today on a positive note finishing at $1334 and up $2.50 on the day. Silver, on the other hand, lost 4¢ to finish at $16.41. A disappointing jobs report was the prime mover in today’s pricing, but all day long the building drama of the impending trade war with China dominated the market mood. Stocks took a pounding and ended up 572 points lower on the day. Gold did well to hold its own under the circumstances and rally from the day’s lows at the $1321 mark. One gets the unsettled feeling that things could suddenly spin out of control. To accompany that thought, we point you in the direction of tonight’s Quote of the Day from the always thoughtful Telegraph columnist, Ambrose Evans-Pritchard.

Quote of the Day
“A Wall Street crash is perhaps the only deterrent that Trump really fears as the mid-term elections approach and Democrats threaten to gain control of impeachment powers on Capitol Hill. China could — if it chose — trigger this with large sales of its $1.2 trillion holding of US Treasuries. Yet, it is a perilous game for China as well. It is an open question who would be hurt most if the stand-off worsens. China’s hawks are clearly prone to hubris and delusions, unaware of just how fragile their system has become after pushing debt to 270 per cent of gross domestic product. The return on new credit has collapsed and officials at the central bank (PBOC) fear a ‘Minsky moment’. The catch-up growth model is exhausted. The middle income trap looms.” – Ambrose Evans-Pritchard (From an article titled: Trump’s power struggle with China isn’t about trade – It is a tussle over which of the two superpowers will dominate technology and run the world in the 21st century)


How to choose a gold firm
A quick guideline for beginning investors

It is surprising how many prospective investors simply dive into gold and silver investing without much in the way of a consumer inquiry. That lack of simple due diligence has ended up costing a good many investors thousands of dollars, and sometimes even hundreds of thousands, before the damage is detected.

Here you will find some brief but valuable guidelines to help you choose the right gold and silver company.

It might be the most important decision you will make on the road to becoming a gold and silver owner.

To end right, start right.
Choose the right portfolio mix with the right firm at the right price.
Choose USAGOLD – reliably serving physical gold and silver investors since 1973.
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Posted in dailyquotes |

Gold finishes on positive, Wall Streeters face less than restful weekend

LATE REPORT

Gold ended today on a positive note finishing at $1334 and up $2.50 on the day. Silver, on the other hand, lost 4¢ to finish at $16.41. A disappointing jobs report was the prime mover in today’s pricing, but all day long the building drama of the impending trade war with China dominated the market mood. Stocks took a pounding and ended up 572 points lower on the day. Gold did well to hold its own under the circumstances and rally from the day’s lows at the $1321 mark. One gets the unsettled feeling that things could suddenly spin out of control. To accompany that thought, we point you in the direction of tonight’s Quote of the Day from the always thoughtful Telegraph columnist, Ambrose Evans-Pritchard

Quote of the Day
“A Wall Street crash is perhaps the only deterrent that Trump really fears as the mid-term elections approach and Democrats threaten to gain control of impeachment powers on Capitol Hill. China could — if it chose — trigger this with large sales of its $1.2 trillion holding of US Treasuries. Yet, it is a perilous game for China as well. It is an open question who would be hurt most if the stand-off worsens. China’s hawks are clearly prone to hubris and delusions, unaware of just how fragile their system has become after pushing debt to 270 per cent of gross domestic product. The return on new credit has collapsed and officials at the central bank (PBOC) fear a ‘Minsky moment’. The catch-up growth model is exhausted. The middle income trap looms.” – Ambrose Evans-Pritchard (From an article titled: Trump’s power struggle with China isn’t about trade – It is a tussle over which of the two superpowers will dominate technology and run the world in the 21st century)


How to choose a gold firm
A quick guideline for beginning investors

It is surprising how many prospective investors simply dive into gold and silver investing without much in the way of a consumer inquiry. That lack of simple due diligence has ended up costing a good many investors thousands of dollars, and sometimes even hundreds of thousands, before the damage is detected.

Here you will find some brief but valuable guidelines to help you choose the right gold and silver company.

It might be the most important decision you will make on the road to becoming a gold and silver owner.

To end right, start right.
Choose the right portfolio mix with the right firm at the right price.
Choose USAGOLD – reliably serving physical gold and silver investors since 1973.
Share
Posted in MK Short & Sweet |

Gold firming up in the early going on trade war escalation and weak jobs report

EARLY REPORT

Gold is firming up at $1329 in early trading as it, along with the rest of the financial markets, tries to decipher both an escalation in the China-U.S. trade war and a weak jobs report. Silver is up 2¢ at $16.46. The yellow metal hit a low of $1321 in overnight trading before regaining its footing following the jobs report.

President Trump rolled out the artillery last night promising another $100 billion in tariffs on Chinese imports. The Chinese Ministry of Commerce fired back this morning with an announcement that China will not hesitate with a ‘major response’ to new tariffs.

Wasn’t it just the other day that Larry Kudlow was out and about telling Wall Street not to over-react – that “at the end of this whole process, the end of the rainbow, there’s a pot of gold”? Wall Street might find that advice difficult to take to heart when the sounds of battle can be heard just over the horizon. It is the period between the beginning and the end of the trade war – the conflict itself – that remains worrisome.

Chart of the Day

Chart courtesy of TradingEconomics.com
Chart note: This is the chart that has the president’s attention. The trend, as you can see, is not encouraging. Yesterday’s balance of trade report was the worst in over 9 years – $56.6 billion in the red.
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Posted in dailyquotes |

Gold firming up in the early going on trade war escalation and weak jobs report

EARLY REPORT

Gold is firming up at $1329 in early trading as it, along with the rest of the financial markets, tries to decipher both an escalation in the China-U.S. trade war and a weak jobs report.  Silver is up 2¢ at $16.46.  The yellow metal hit a low of $1321 in overnight trading before regaining its footing following the jobs report.

President Trump rolled out the artillery last night promising another $100 billion in tariffs on Chinese imports.  The Chinese Ministry of Commerce fired back this morning with an announcement that China will not hesitate with a ‘major response’ to new tariffs.

Wasn’t it just the other day that Larry Kudlow was out and about telling Wall Street not to over-react – that “at the end of this whole process, the end of the rainbow, there’s a pot of gold”?  Wall Street might find that advice difficult to take to heart when the sounds of battle can be heard just over the horizon. It is the period between the beginning and the end of the trade war – the conflict itself –  that remains worrisome.

Chart of the Day

Chart courtesy of TradingEconomics.com
Chart note:  This is the chart that has the president’s attention.  The trend, as you can see, is not encouraging. Yesterday’s balance of trade report was the worst in over 9 years – $56.6 billion in the red.
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Posted in MK Short & Sweet |

Gold has lackluster day under eerily calm conditions

LATE REPORT

Gold had another lackluster day today to match an equally lackluster week thus far finishing at $1327, down $7.  Last Friday’s close was $1325.  Silver managed to eke out a gain finishing at $16.40 and up 4¢. Market concerns in general seemed to have calmed over the past two days. The White House is doing everything it can to tamp down market worries about the trade dispute with China. Interest rate concerns have faded into the background. Nothing has surfaced of late on the geopolitical front.  It has been eerily quiet this past week. . . . .Too quiet, the more skeptical among us might warn.

Quote of the Day
“We realized that the human touch was interesting but actually a hindrance to what it took to really trade these markets correctly. The only thing you could do is figure out how you automated all the human aspects of trading, understanding what drove stock prices, and then used those algorithms to make markets.” – Vikram Pandit, Orogen Group (formerly CEO at Citigroup)



JUST RELEASED . . . . . . . . . . . . April, 2018 Edition

The new petroyuan and gold
Will the real king please step forward?
Think short-term, become cannon fodder for high-frequency traders
Hot money flees major U.S. equity ETF at pace never seen before
–– AND MORE ––


We invite you to sign-up for FREE immediate access
+ e-mail notification on future publication dates.
MONTHLY NEWSLETTER

 

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Posted in MK Short & Sweet |

Gold has lackluster day under eerily calm conditions

LATE REPORT

Gold had another lackluster day today to match an equally lackluster week thus far finishing at $1327, down $7. Last Friday’s close was $1325. Silver managed to eke out a gain finishing at $16.40 and up 4¢. Market concerns in general seemed to have calmed over the past two days. The White House is doing everything it can to tamp down market worries about the trade dispute with China. Interest rate concerns have faded into the background. Nothing has surfaced of late on the geopolitical front. It has been eerily quiet this past week. . . . .Too quiet, the more skeptical among us might warn.

Quote of the Day
“We realized that the human touch was interesting but actually a hindrance to what it took to really trade these markets correctly. The only thing you could do is figure out how you automated all the human aspects of trading, understanding what drove stock prices, and then used those algorithms to make markets.” – Vikram Pandit, Orogen Group (formerly CEO at Citigroup)



JUST RELEASED . . . . . . . . . . . . April, 2018 Edition

The new petroyuan and gold
Will the real king please step forward?
Think short-term, become cannon fodder for high-frequency traders
Hot money flees major U.S. equity ETF at pace never seen before
–– AND MORE ––


We invite you to sign-up for FREE immediate access
+ e-mail notification on future publication dates.
MONTHLY NEWSLETTER

 

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Posted in dailyquotes |

Gold pushes lower despite weak jobs, widening trade gap

EARLY REPORT

Gold continued to push lower this morning despite a weak jobs report and a widening trade gap – outcomes in the past which have had the opposite effect. Gold is trading at $1326, down $7.50 on the day. Silver is also losing ground though marginally – down 5¢ at $16.27. Commodities are generally higher and the dollar is also up somewhat.

The World Gold Council had a bit of good news this morning: Gold ETF inventories are on the rise indicating continued interest in the metal from institutions and funds. There is a perception in the market that trade tensions are cooling off and that has encouraged an unwinding of the risk premium attached to gold in recent weeks, but these are short term considerations. “You’ve really got to back away from the forest to really see these trees,” Bill Baruch, president of Blue Line Futures, told CNBC this morning. “This gold market bottomed in 2015 and it’s had higher lows in 2016, 2017. This has been extremely constructive even to a point we almost have a bull flag building since the January spike.”

Chart of the Day

Chart note: The annual rate of return on gold since 2001: 14 years of positive returns, one year level, two years of negative returns. Not a bad track record after all is said and done during times of rapid, and often unexpected changes in the financial markets and the economy.
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Posted in dailyquotes |

Gold pushes lower despite weak jobs, widening trade gap

EARLY REPORT

Gold continued to push lower this morning despite a weak jobs report and a widening trade gap – outcomes in the past which have had the opposite effect.  Gold is trading at $1326, down $7.50 on the day.  Silver is also losing ground though marginally – down 5¢ at $16.27.  Commodities are generally higher and the dollar is also up somewhat.

The World Gold Council had a bit of good news this morning: Gold ETF inventories are on the rise indicating continued interest in the metal from institutions and funds.  There is a perception in the market that trade tensions are cooling off and that has encouraged an unwinding of the risk premium attached to gold in recent weeks, but these are short term considerations.   “You’ve really got to back away from the forest to really see these trees,” Bill Baruch, president of Blue Line Futures, told CNBC this morning. “This gold market bottomed in 2015 and it’s had higher lows in 2016, 2017. This has been extremely constructive even to a point we almost have a bull flag building since the January spike.”

Chart of the Day

Chart note:  The annual rate of return on gold since 2001:  14 years of positive returns, one year level, two years of negative returns.  Not a bad track record after all is said and done during times of rapid, and often unexpected changes in the financial markets and the economy.
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Posted in MK Short & Sweet |

Gold gives up in New York what it achieved overnight in the East

LATE REPORT

Gold gave up much of what it gained overnight under another wave of heavy selling on the COMEX. The metal ended up even on the day at $1334 after being up as much as $14 in overnight trading. Silver finished down 8¢ on the day at $16.34. What was achieved in the East, in short, was unwound in New York. The selling, as has been the case in other instances of heavy-volume selling over the past week to ten days, appears to have been computer-based algo-trading.

A White House “official” came public with a statement that the Trump administration was not planning “a new big trade initiative against China.”  In other words, at least for the time being and from the U.S. point of view, the tit-for-tat tariffs are on hold.  Instead the administration will “focus on implementing moves that have already been announced,” according to a Reuters report.

This announcement is an important one. We will now move from the visceral stage in the financial markets to the contemplative. As the Trump administration “implements,” the market will begin to sort out what it really means. That is when the true market reaction will surface and it will not be over one or two days, one or two weeks. Too, it will not be long until the effects begin to show up in the stores and showrooms and eventually in wholesale and retail price indices. Then we will know if it is a minor event, as some are attempting to tell us, or something more significant.

Quote of the Day

“There’s debt behind this asset bubble, and this leverage is what’s risky. So I think the Fed is clearly, this time, on the side of targeting assets bubbles. Investors are asking if the stock market drops, if the Dow drops a thousand or two thousand or five thousand points, is the Fed going to step in and put a stop to it? And my gut feeling is, no, they won’t. They will let this run unless credit freezes up. They’re trying to bring these asset prices down somewhat. I think that’s the environment we’re in. We have bubbles everywhere, and now we have Central Banks trying to somehow save the system with minimum damage.” – Wolf Richter, WolfStreet.com


So asks gold market commentator, Arkadiusz Sieron, “The LBMA published its annual forecast survey for precious metals prices in 2018,” he goes on. “Gold prices range from $1,120 to $1,510. Where is the price of the yellow metal headed? . . . .

If you are new to USAGOLD you might appreciate this summary of the bullish and bearish cases for gold. Then, if you really want to dig into the reasons why gold ownership makes sense for the average investor, scroll through a few weeks of posts below and spend some quality time where your interests lead you. . . . . .If you have any questions, please give us a call or pop us an e-mail. We have helped a very large number of investors from all walks of life include gold and silver in their portfolios. We can help you.

1-800-869-5115
–– or ––
orderdesk@usagold.com

To end right, start right.
Choose the right portfolio mix with the right firm at the right price.
Choose USAGOLD – reliably serving physical gold and silver investors since 1973.

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Posted in dailyquotes |

Gold gives up in New York what it achieved overnight in the East

LATE REPORT

Gold gave up much of what it gained overnight under another wave of heavy selling on the COMEX.  The metal ended up even on the day at $1334 after being up as much as $14 in overnight trading. Silver finished down 8¢ on the day at $16.34. What was achieved in the East, in short, was unwound in New York.  The selling, as has been the case in other instances of heavy-volume over the past week to ten days, appears to have been computer-based algo-trading.

A White House “official” came public with a statement that the Trump administration was not planning “a new big trade initiative against China.”  In other words, at least for the time being and from the U.S. point of view, the tit-for-tat tariffs are on hold.  Instead the administration will “focus on implementing moves that have already been announced,” according to a Reuters report.

This announcement is an important one.  We will now move from the visceral stage in the financial markets to the contemplative.  As the Trump administration “implements,” the market will begin to sort out what it really means. That  is when the true market reaction will surface and it will not be over one or two days, one or two weeks.  Too, it will not be long until the effects begin to show up in the stores and showrooms and eventually in wholesale and retail price indices.  Then we will know if it is a minor event, as some are attempting to tell us, or something more significant.

Quote of the Day

“There’s debt behind this asset bubble, and this leverage is what’s risky. So I think the Fed is clearly, this time, on the side of targeting assets bubbles. Investors are asking if the stock market drops, if the Dow drops a thousand or two thousand or five thousand points, is the Fed going to step in and put a stop to it? And my gut feeling is, no, they won’t. They will let this run unless credit freezes up. They’re trying to bring these asset prices down somewhat. I think that’s the environment we’re in. We have bubbles everywhere, and now we have Central Banks trying to somehow save the system with minimum damage.” – Wolf Richter, WolfStreet.com


So asks gold market commentator, Arkadiusz Sieron, “The LBMA published its annual forecast survey for precious metals prices in 2018,” he goes on. “Gold prices range from $1,120 to $1,510. Where is the price of the yellow metal headed? . . . .

If you are new to USAGOLD you might appreciate this summary of the bullish and bearish cases for gold. Then, if you really want to dig into the reasons why gold ownership makes sense for the average investor, scroll through a few weeks of posts below and spend some quality time where your interests lead you. . . . . .If you have any questions, please give us a call or pop us an e-mail. We have helped a very large number of investors from all walks of life include gold and silver in their portfolios. We can help you.

1-800-869-5115
–– or ––
orderdesk@usagold.com

To end right, start right.
Choose the right portfolio mix with the right firm at the right price.
Choose USAGOLD – reliably serving physical gold and silver investors since 1973.

Share
Posted in MK Short & Sweet |

Gold pushes higher on China tariff retaliation

EARLY REPORT

Gold pushed higher in overseas trading as China took the trade wars to the next level with new tariffs on a range of U.S. products from soybeans to automobiles. The momentum carried over to the U.S. open where traders tacked on even more gains. The yellow metal is up $14 as this posted at $1347. Silver is trading at $16.51, up 7¢. The Dow Jones Industrial Average is down 485 as we post this report.

With silver lagging, we can safely say that the push in gold is coming from safe-haven investors – institutions, funds and private investors globally – looking for shelter from the gathering storm. Commodities in general are a mixed bag at best this morning with concerns about reduced Chinese consumption of raw materials one of the anticipated casualties of the trade wars.

Lost in the whirlwind around trade and interest rates is some unsettling news on another front. The national debt which surpassed the $21 trillion mark on March 15 just went over the $21.1 trillion mark yesterday. In what has to be some kind of a record, it took only 18 days for Treasury to grow the national debt by another $161 billion or .8%.

Chart of the Day

Chart courtesy of TradingEconomics.com
Chart note: The Dow Jones Industrial average is down almost 8% on the year and nearly 12% from its near-term peak on January 22, 2018.
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Posted in dailyquotes |

Gold pushes higher on China tariff retaliation

EARLY REPORT

Gold pushed higher in overseas trading as China took the trade wars to the next level with new tariffs on a range of U.S. products from soybeans to automobiles. The momentum carried over to the U.S. open where traders tacked on even more gains.  The yellow metal is up $14 as this posted at $1347.  Silver is trading at $16.51, up 7¢. The Dow Jones Industrial Average is down 485 as we post this report.

With silver lagging, we can safely say that the push in gold is coming from safe-haven investors – institutions, funds and private investors globally – looking for shelter from the gathering storm.  Commodities in general are a mixed bag at best this morning with concerns about reduced Chinese consumption of raw materials one of the anticipated casualties of the trade wars.

Lost in the whirlwind around trade and interest rates is some unsettling news on another front.  The national debt which surpassed the $21 trillion mark on March 15 just went over the $21.1 trillion mark yesterday.  In what has to be some kind of a record, it took only 18 days for Treasury to grow the national debt by another $161 billion or .8%.

Chart of the Day

Chart courtesy of TradingEconomics.com
Chart note:  The Dow Jones Industrial average is down almost 8% on the year and nearly 12% from its near-term peak on January 22, 2018.
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Posted in MK Short & Sweet |

The American Dream is drowning in debt

SafeHaven/Michael Scott/4-2-2018

“Life is good, but it’s being lived on credit and reality will eventually have to dig in. Nationally, U.S. interest payments on debt could quadruple in a decade to over $1 trillion per year, according to CNN, as tax cuts and record spending contradict each other. That means it will take $7 trillion over the next decade just to service this massive debt. That’s the macro picture. The micro picture is a mirror image: Individual Americans are drowning in debt, too.”

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Posted in MK Short & Sweet |

Gold down today on return of aggressive COMEX selling

EARLY REPORT

Gold turned to downside on little in the way of news to explain it. It is down $12 at $1329.50. Silver is down 18¢ at $16.39.

Nothing has changed since yesterday on the trade, political or geopolitical fronts. Stocks are advancing but not convincingly. Commodities are actually trading higher today. The dollar is up mostly pushed by trading in the Japanese yen, but once again nothing to stir the imagination. Thus we are at a loss to explain gold’s descent except to say that aggressive selling of the June gold contract, similar to what occurred last week, has reappeared on the COMEX. We will be monitoring that and if anything of interest surfaces during the course of the day, we will be back to tell you about it.

Chart of the Day

Chart courtesy of Sentiment Trader/Jason Goepfert
Chart note: In my out-on-the-limb 2018 gold price prediction, I highlighted a shift in overall market sentiment as the chief determinant that would push gold and silver to higher ground. That shifting sentiment has begun to materialize. It is reflected in the stock market’s performance thus far this year – down about 6% It also underlies gold’s performance thus far this year – up about 3%. This Sentiment Trader chart maps the direction of sentiment in the gold market. Note the general uptrend and firming since early 2016 along with the corresponding rise in prices. Sentiment is now in a new upswing after a soft February.

 

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Posted in dailyquotes |

Gold down today on return of aggressive COMEX selling

EARLY REPORT

Gold turned to downside on little in the way of news to explain it.  It is down $12 at $1329.50. Silver is down 18¢ at $16.39.

Nothing has changed since yesterday on the trade, political  or geopolitical fronts.  Stocks are advancing but not convincingly.  Commodities are actually trading higher today.  The dollar is up mostly pushed by trading in the Japanese yen, but once again nothing to stir the imagination.  Thus we are at a loss to explain gold’s descent except to say that aggressive selling of the June gold contract, similar to what occurred last week, has reappeared on the COMEX. We will be monitoring that and if anything of interest surfaces during the course of the day, we will be back to tell you about it.

Chart of the Day

Chart courtesy of Sentiment Trader/Jason Goepfert
Chart note:  In my out-on-the-limb 2018 gold price prediction, I highlighted a shift in overall market sentiment as the chief determinant that would push gold and silver to higher ground.  That shifting sentiment has begun to materialize. It is reflected in the stock market’s performance thus far this year – down about 6% It also underlies gold’s performance thus far this year – up about 3%.  This Sentiment Trader chart maps the direction of sentiment in the gold market.  Note the general uptrend and firming since early 2016 along with the corresponding rise in prices.  Sentiment is now in a new upswing after a soft February.

 

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Posted in MK Short & Sweet |

Gold turns in stellar day, China joins tariff tango, stocks drop 600

LATE REPORT

Gold turned in a stellar day today gaining $16 and finishing at $1342.   Silver also had a good day posting a 24¢ gain and finishing at $16.62.  Having already regained today a good portion of what it lost at the end of last week, one wonders how much of last week’s downside had to do with end-of-the-quarter book squaring, taking profits, losses or whatever needed to be established before we entered quarter two. On the COMEX today, gold buying contract volume matched Friday’s selling – a sign, if nothing else, that the bulls did not abandon the market entirely after last week.

The developing trade war with China underpinned strength in the precious metals and contributed to weakness in stocks. After all was said and done,  the Dow dropped over 450 points on the day and at one point was down 750. For those who thought the trade war worries overstated, today’s events might have been a bit sobering.  It takes two to tango, and with the announcement of long list of tariffs against American goods, China indicated a willingness to join in the dance.  The Global Times, a newspaper tied to the Chinese government, stated somewhat ominously that “if the United States had thought China would not retaliate or would only take symbolic countermeasures, it could ‘say goodbye to that delusion.” One suspects that the Trump administration will up the ante at some point in the not too distant future.

Quote of the Day
“If we don’t quite know what the future holds there is little point in getting carried away by very fancy mathematical calculations of optimal portfolios. Don’t rely on past data to be a good guide. Try to think through what mix of assets gives you the best chance of surviving some big event. That must mean including assets that are negatively correlated or uncorrelated in your portfolio. And I am very struck by the fact that over many many years, central banks, governments and individuals have always, despite the protestations of economists, held some gold in their portfolio. Obviously, there is no high running return, but when unexpected things happen, particularly when governments rise and fall, then gold is a means of payment that everyone is always prepared to accept. And I think that’s why even central banks have always had a role in their portfolios for gold.” – Mervyn King, former governor of the Bank of England


How to choose a gold firm
A quick guideline for beginning investors

It is surprising how many prospective investors simply dive into gold and silver investing without much in the way of a consumer inquiry. That lack of simple due diligence has ended up costing a good many investors thousands of dollars, and sometimes even hundreds of thousands, before the damage is detected.

Here you will find some brief but valuable guidelines to help you choose the right gold and silver company.

It might be the most important decision you will make on the road to becoming a gold and silver owner.

To end right, start right.
Choose the right portfolio mix with the right firm at the right price.
Choose USAGOLD – reliably serving physical gold and silver investors since 1973.
Share
Posted in MK Short & Sweet |

Gold turns in stellar day, China joins tariff tango, stocks drop 600

LATE REPORT

Gold turned in a stellar day today gaining $16 and finishing at $1342. Silver also had a good day posting a 24¢ gain and finishing at $16.62. Having already regained today a good portion of what it lost at the end of last week, one wonders how much of last week’s downside had to do with end-of-the-quarter book squaring, taking profits, losses or whatever needed to be established before we entered quarter two. On the COMEX today, gold buying contract volume matched Friday’s selling – a sign, if nothing else, that the bulls did not abandon the market entirely after last week.

The developing trade war with China underpinned strength in the precious metals and contributed to weakness in stocks. After all was said and done, the Dow dropped over 450 points on the day and at one point was down 750. For those who thought the trade war worries overstated, today’s events might have been a bit sobering. It takes two to tango, and with the announcement of long list of tariffs against American goods, China indicated a willingness to join in the dance. The Global Times, a newspaper tied to the Chinese government, stated somewhat ominously that “if the United States had thought China would not retaliate or would only take symbolic countermeasures, it could ‘say goodbye to that delusion.” One suspects that the Trump administration will up the ante at some point in the not too distant future.

Quote of the Day
“If we don’t quite know what the future holds there is little point in getting carried away by very fancy mathematical calculations of optimal portfolios. Don’t rely on past data to be a good guide. Try to think through what mix of assets gives you the best chance of surviving some big event. That must mean including assets that are negatively correlated or uncorrelated in your portfolio. And I am very struck by the fact that over many many years, central banks, governments and individuals have always, despite the protestations of economists, held some gold in their portfolio. Obviously, there is no high running return, but when unexpected things happen, particularly when governments rise and fall, then gold is a means of payment that everyone is always prepared to accept. And I think that’s why even central banks have always had a role in their portfolios for gold.” – Mervyn King, former governor of the Bank of England


How to choose a gold firm
A quick guideline for beginning investors

It is surprising how many prospective investors simply dive into gold and silver investing without much in the way of a consumer inquiry. That lack of simple due diligence has ended up costing a good many investors thousands of dollars, and sometimes even hundreds of thousands, before the damage is detected.

Here you will find some brief but valuable guidelines to help you choose the right gold and silver company.

It might be the most important decision you will make on the road to becoming a gold and silver owner.

To end right, start right.
Choose the right portfolio mix with the right firm at the right price.
Choose USAGOLD – reliably serving physical gold and silver investors since 1973.
Share
Posted in dailyquotes |

Gold roars to life after holiday break

EARLY REPORT

Gold roared to life following the holiday break with a strong move to the upside.  It is up $12 in the early-going and trading at $1337.  Silver followed suit trading at $16.64 and up 29¢.

Last week’s ride was a bumpy one for all the markets which oscillated crazily between optimism and pessimism with few really able to offer sound reasons as to this odd behavior.  Today, perhaps because investors have had a chance to digest and reorder an array of market stimulants, the sky has cleared and what we see in the morning light is a return to the previous trends.  One wonders how much of last week had to do with end-of-the-quarter book squaring, taking profits, losses or whatever needed to be established before we entered quarter two. At any rate, here we are at the start of a new week, new month, new quarter. . . . .Onward, my fellow gold owners.

Chart of the Day

MK note:  We do beg the forgiveness of those who have seen this chart before, but we think it worth re-posting on a regular basis to demonstrate gold’s strong performance as a portfolio holding over a long period of time. It shows the average annual price of gold since 1970.  It is meant to dispel the notion that gold is somehow volatile or unpredictable and as a result unreliable as a long-term portfolio safe haven.  To the contrary, it shows gold living up to its reputation as precisely the opposite – stable in the face of rapidly changing economic circumstances, predictable in that it reacts directly to those circumstances and reliable in that it performs as advertised when held quietly in well-protected corner of the investment portfolio.

 

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Posted in MK Short & Sweet |

Gold roars to life after holiday break

EARLY REPORT

Gold roared to life following the holiday break with a strong move to the upside. It is up $12 in the early-going and trading at $1337. Silver followed suit trading at $16.64 and up 29¢.

Last week’s ride was a bumpy one for all the markets which oscillated crazily between optimism and pessimism with few really able to offer sound reasons as to this odd behavior. Today, perhaps because investors have had a chance to digest and reorder an array of market stimulants, the sky has cleared and what we see in the morning light is a return to the previous trends. One wonders how much of last week had to do with end-of-the-quarter book squaring, taking profits, losses or whatever needed to be established before we entered quarter two. At any rate, here we are at the start of a new week, new month, new quarter. . . . .Onward, my fellow gold owners.

Chart of the Day

MK note: We do beg the forgiveness of those who have seen this chart before, but we think it worth re-posting on a regular basis to demonstrate gold’s strong performance as a portfolio holding over a long period of time. It shows the average annual price of gold since 1970. It is meant to dispel the notion that gold is somehow volatile or unpredictable and as a result unreliable as a long-term portfolio safe haven. To the contrary, it shows gold living up to its reputation as precisely the opposite – stable in the face of rapidly changing economic circumstances, predictable in that it reacts directly to those circumstances and reliable in that it performs as advertised when held quietly in well-protected corner of the investment portfolio.

 

Share
Posted in dailyquotes |

Gold regains its footing

LATE REPORT

Gold ended up lower on the day, but overall regained its footing after the stumble of the past few days. Trading in a narrow range, it finished at $1325 down $1.50 after all was said and done. Silver, on the other hand, managed to eke out a minor gain finishing up 3¢ on the day at $16.36. Coincident with the firming up in the metals both the Japanese yen and Chinese yuan showed a little life, while the overall dollar index pretty much tracked sideways.

After all was said and done this first tumultuous quarter of 2018, gold finished up 1.6% for the 90 day period – a modest gain but a gain nevertheless. Silver did not fare so well – down 3.6% in the first quarter.

Quote of the Day:
“We are at crossroads. Inflation embers are aglow, the US has turned more protectionist, Brexit threatens Europe, Italy the world’s largest eighth economy is beset by populism, and an Italian exit from the EU looms. In the Middle East, the Iran nuclear deal may be scrapped. America’s debt chickens are coming home to roost and a buyer’s strike of US debt is in the offing. We are now at the beginning of the end of the long bull run and the beginning of an inflationary storm that will not end well. . . Ironically, this president is good for gold. Gold will be a good thing to have while so much fear stalks the world. We continue to expect gold to reach $2,200 an ounce within 18 months.” – John Ing, Gold Eagle


Are you new to the USAGOLD website?

We invite you to kick back and stay awhile.
Do a little interest-driven browsing.

We launched this website in 1997 and it has happily been providing guidance and market information for investors ever since. It remains one of the most highly referenced and visited web portals in the gold business. We once had a client tell us of visiting the Gold Souk in Dubai and being surprised that so many merchant stalls had USAGOLD on their computer screens. Whether you are a new investor exploring the advantages of gold and silver ownership or a veteran looking for a place to keep up with the market, we invite your visits.

The USAGOLD Website
Coin of the realm for gold investors

Share
Posted in MK Short & Sweet |

Gold regains its footing

LATE REPORT

Gold ended up lower on the day, but overall regained its footing after the stumble of the past few days. Trading in a narrow range, it finished at $1325 down $1.50 after all was said and done.  Silver, on the other hand, managed to eke out a minor gain finishing up 3¢  on the day at $16.36. Coincident with the firming up in the metals both the Japanese yen and Chinese yuan showed a little life, while the overall dollar index pretty much tracked sideways.

After all was said and done this first tumultuous quarter of 2018, gold finished up 1.6% for the 90 day period – a modest gain but a gain nevertheless. Silver did not fare so well – down 3.6% in the first quarter.

Quote of the Day:
“We are at crossroads. Inflation embers are aglow, the US has turned more protectionist, Brexit threatens Europe, Italy the world’s largest eighth economy is beset by populism, and an Italian exit from the EU looms. In the Middle East, the Iran nuclear deal may be scrapped. America’s debt chickens are coming home to roost and a buyer’s strike of US debt is in the offing. We are now at the beginning of the end of the long bull run and the beginning of an inflationary storm that will not end well. . . Ironically, this president is good for gold. Gold will be a good thing to have while so much fear stalks the world. We continue to expect gold to reach $2,200 an ounce within 18 months.” – John Ing, Gold Eagle


Are you new to the USAGOLD website?

We invite you to kick back and stay awhile.
Do a little interest-driven browsing.

We launched this website in 1997 and it has happily been providing guidance and market information for investors ever since. It remains one of the most highly referenced and visited web portals in the gold business.  We once had a client tell us of visiting the Gold Souk in Dubai and being surprised that so many merchant stalls had USAGOLD on their computer screens. Whether you are a new investor exploring the advantages of gold and silver ownership or a veteran looking for a place to keep up with the market, we invite your visits.

The USAGOLD Website
Coin of the realm for gold investors

Share
Posted in dailyquotes |