Author Archives: USAGOLD

USAGOLD’s Online Order Desk

Great prices. Quick delivery. All the time.
We invite your visit and participation.

Our Online Order Desk offers state-of-the-art transactional technology that allows you to order anytime day or night and on the weekends at current gold and silver spot prices from your desktop, pad or mobile device.  The items presented for sale are among the most popular with investors and are organized into four broad categories of investor interest:

Modern gold coins and bars
American Eagle • American Buffalo • Canadian Maple Leaf • Austrian Philharmonic • South African Krugerrand • Australian Kangaroo

Modern silver bullion coins and bars
American Eagle • Canadian Maple Leaf • Austrian Philharmonic • United States Pre-1965 Silver Coin Bag • Silver Bullion Bars • United States Morgan and Peace Silver Dollar

Historic fractional gold coins
British sovereign kings • Swiss 20 franc • Dutch 10 guilder • German 20 marks • Select inventory currently available

Historic U.S. gold coins
$20 Liberty • $20 St. Gaudens • $10 Liberty • $10 Indian • Graded $20 Liberty and St. Gaudens – Mint State 63, 64 and 65

If you haven’t visited our Online Order Desk as yet, we invite you to take a test drive. We are surprised by its instantaneous popularity and the large number of clients who have already placed their first order. 


An important note on Special Offers

For those among our regular clientele who like to participate in our Special Offers, the Online Order Desk presents a clear advantage.  Because the number of items available is almost always limited and orders are reserved on a first-come, first served basis, the online system provides the opportunity to secure your orders quickly and confidently at your convenience any time day or night.  As our regular participants already know, these offers can sell out quickly – often within 24-hours of announcement.  If you have not already registered, some advance planning might be in order.


Posted in ClientInsights, Today's top gold news and opinion |

Short and Sweet

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Gold in six easy lessons

1. Don’t buy it because you need to make money; buy it to protect the money you already made.

2. Don’t look at price as a barrier; look at it as an incentive.

3. Don’t buy the paper pretenders; buy the real thing in the form of coins and bullion.

4. Don’t fall prey to glitzy TV ads; do your due diligence instead.

5. Don’t allow naysayers to divert your interest; allow yourself the right to protect your interests as you see fit.

6. Don’t forget the golden rule: Those who own the gold make the rules!

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Posted in Short and Sweet, Today's top gold news and opinion | Tagged |

Better Business Bureau Five Star Review

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Recent Better Business Bureau Client Review

Scorecard: 38 45 48 53 five star reviews. Zero complaints.
A+ rating. Accredited since 1991.

“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.

[Link]

USAGOLD Recommendation: The precious metals industry is unique in the financial industry in that it is not subject to oversight or regulation by third-party government entities like the SEC or CFTC. As such, marketplace forums and feedback sites often serve as a replacement for investors attempting due diligence. While several options can be found, by far the most impartial and least susceptible to vested influence is the Better Business Bureau. When looking at a company’s BBB profile, don’t focus solely on the rating. To be honest, pretty much everybody has an ‘A’ or ‘A+’ rating. What is far more important to assess is the number and nature of complaints, number and caliber of positive and negative reviews, longevity with the BBB, as well as the number of ‘stars’ given a company through the actual customer review system.

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Posted in ClientInsights, Today's top gold news and opinion |

Short and Sweet

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Copernicus on the debasement of money

“Although there are countless scourges which in general debilitate kingdoms, principalities, and republics, the four most important (in my judgment) are dissension, [abnormal] mortality, barren soil, and debasement of the currency. The first three are so obvious that nobody is unaware of their existence. But the fourth, which concerns money, is taken into account by few persons and only the most perspicacious. For it undermines states, not by a single attack all at once, but gradually and in a certain covert manner.” – Copernicus, Essay on the Coinage of Money (1526)

Few know that Copernicus applied his genius to the insidious effects of currency debasement. The ground-breaking essay linked above probably influenced both John Maynard Keynes (See below) and Thomas Gresham of “bad money drives out good” fame. Supply Side Blog’s Ralph Benko says Copernicus’ essay has been translated into English several times yet those translations remained difficult to obtain for students of the monetary arts and sciences.  It has remained mostly the property of elite historians.” Above we link Edward Rousen’s translation that you might keep company with the knowledgeable elite.

It cost 8¢ to mail a one-ounce letter in 1973 as indicated by the commemorative Copernicus stamp shown above.  It costs 55¢ today – an illustration of his assertion that currency debasement “undermines states, not by a single attack all at once, but gradually and in a certain covert manner.”  The post office increased the cost of mailing a letter by 5¢ – to 55¢ – beginning in 2019.


“By a continuing process of inflation governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth.” – John Maynard Keynes, The Economic Consequences of Peace (1919)

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Posted in Short and Sweet, Today's top gold news and opinion |

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Posted in Announcements, Today's top gold news and opinion | Tagged |

Favorite web pages

Daily gold and silver price history
1968 to present

Our Daily Gold and Silver Price History pages are among the heaviest traffic pages at the USAGOLD website. The archived data is licensed from the ICE Benchmark Administration and the London Bullion Market Association and Netdania Creations and run from 1968 to present.  FOREX prices for the day are posted as a live feed and then frozen at the end of each trading day.  These pages are frequented by data gatherers of all descriptions from professors and their students to market professionals and investors – all interested in gold’s price performance both over the long run and within specific time constraints for their own research purposes.

Daily Gold and Silver Price History is another of the quiet pages at USAGOLD that garners significant global interest particularly when the market is moving or breaking news warrants more than average interest. We also invite you to return here regularly – to this Live Daily Newsletter page – for up-to-the-minute gold market news, opinion, and analysis as it happens.

We invite your visit.  We encourage your bookmark.

GOLD • • • SILVER

USAGOLD’s
Daily gold and silver price history pages

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Posted in Favorite web pages, Today's top gold news and opinion | Tagged |

Short and Sweet

TECH ANALYST
Gold could go to $1800 to $2200 in the long run

A number of technical analysts have reverted to a more bearish forecast over the past few weeks with the $1250 area once again being touted as the downside support area.  Many of those same technical analysts, though, have a significantly more positive outlook for the longer term.

Among that group is Gary Wagner of the Wagner Financial Group who sees $1267 or even $1247 as possibilities in the short run, but also forecasts the possibility of $1800 to $2200 in the longer run.  “Our research,” he explains in an article published recently at the Singapore Bullion Market Association website, “suggests that gold is in the final phase of a major long-term impulse cycle. This model also provides a look-back at the final major bullish wave could be traced back to end of 2015, following a correction to $1,040. This corrective fourth wave developed from the all-time high at $1,900 in 2011. The model suggests that gold could re-test the record highs that, if taken out, could see an extensive surge to between $1800 and $2200 per troy ounce.”

Caveat: At USAGOLD, it bears repeating, we have always advocated the ownership of both gold and silver coins and bullion for long-term asset preservation purposes rather than speculative gain.  Though we pass along various projections, we do so with the caveat that anything can happen.  The analyst who forecasts downside today can quickly change his or her outlook to the upside tomorrow – or vice versa.  The long term charts for gold and silver, though, reveal a consistent upward trend that has served investors well in the period since 1971 when the global monetary system departed the gold standard and entered the fiat money era.

Posted in Gold and Silver Price Predictions from Prominent Players, Short and Sweet, Today's top gold news and opinion | Tagged |

Gold Classics Library

Who owns and controls the Federal Reserve
by Dr. Edward Flaherty

“Is the Federal Reserve System secretly owned and covertly controlled by powerful foreign banking interests? If so, how? These claims, made chiefly by authors Eustace Mullins (1983) and Gary Kah (1991) and repeated by many others, are quite serious because the Fed is the United States central bank and controls U.S. monetary policy. By changing the supply of money in circulation, the Fed influences interest rates, affecting the mortgage payments of millions of families, causing the financial markets to boom or collapse, and prompting the economy to expand or to stumble into recession. Such awesome power presumably would be used to benefit the U.S. economy. Mullins and Kah both argued that the Federal Reserve Bank of New York is owned by foreigners. Although the New York Fed is just one of twelve Federal Reserve banks, controlling it, they claimed, is tantamount to control of the entire System. Foreigners use their command of the New York Fed to manipulate U.S. monetary policy for their own and, as Kah asserted, to further their global political goals, namely the establishment of the sinister New World Order.” – From the author’s preface.

[LINK]

[Gold Classics Library Index]

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Posted in Gold Classics Library, Today's top gold news and opinion | Tagged |

Gold specs sharply boost bullish bets for 2nd week

Through Tuesday, June 11, 2019
Charts and commentary courtesy of CountingPips.com
Tables courtesy of GoldSeek

Note: Commitment of Traders reports are published Friday with data from the previous Tuesday.


Gold speculators sharply boosted their bullish bets for the 2nd week

 

Gold Non-Commercial Speculator Positions:

Large precious metals speculators once again sharply advanced their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 184,238 contracts in the data reported through Tuesday June 11th. This was a weekly gain of 28,123 net contracts from the previous week which had a total of 156,115 net contracts.

The week’s net position was the result of the gross bullish position (longs) advancing by 9,637 contracts (to a weekly total of 250,114 contracts) while the gross bearish position (shorts) declined by -18,486 contracts for the week (to a total of 65,876 contracts).

The net speculator positions rose strongly for a second week after rising by a record weekly high last week (+69,427 contracts). This week was not as strongly bullish as last week because the net change saw twice as many short positions abandon their positions this week compared to the longs initiating bullish bets (it was the opposite last week).

Gold net positions have now jumped by 97,550 contracts in just the past two weeks and currently, the bullish level has moved up to the highest point since March 27th of 2018, a span of 64 weeks.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -202,027 contracts on the week. This was a weekly drop of -29,451 contracts from the total net of -172,576 contracts reported the previous week.

Gold Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1331.20 which was an increase of $2.50 from the previous close of $1328.70, according to unofficial market data.


Silver speculators boosted their bets this week into a small bullish level

Silver Non-Commercial Speculator Positions:

Large precious metals speculators raised their net positions in the Silver futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 2,660 contracts in the data reported through Tuesday June 11th. This was a weekly increase of 11,103 net contracts from the previous week which had a total of -8,443 net contracts.

The week’s net position was the result of the gross bullish position (longs) increasing by 8,572 contracts (to a weekly total of 85,225 contracts) while the gross bearish position (shorts) declined by -2,531 contracts for the week (to a total of 82,565 contracts).

The speculator trend reversed a little this week and saw positions improve for a second straight week after seeing rising bearish positions in the previous four weeks. The silver spec level has risen by 25,069 contracts over the past two weeks and this week’s cross back into a small positive position is the first bullish standing in six weeks.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -25,191 contracts on the week. This was a weekly drop of -12,902 contracts from the total net of -12,289 contracts reported the previous week.

Silver Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Silver Futures (Front Month) closed at approximately $1474.00 which was a fall of $-2.90 from the previous close of $1476.90, according to unofficial market data.


US Dollar Index speculators dropped bets for 2nd week

US Dollar Index Speculator Positions

Large currency speculators decreased their bullish net positions in the US Dollar Index futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 23,989 contracts in the data reported through Tuesday June 11th. This was a weekly reduction of -2,245 contracts from the previous week which had a total of 26,234 net contracts.

This week’s net position was the result of the gross bullish position lowering by -2,463 contracts (to a weekly total of 36,885 contracts) while the gross bearish position dipped by -218 contracts for the week (to a total of 12,896 contracts).

US Dollar Index speculative positions fell for a second straight week and brought the bullish standing to the lowest level since July 17th of 2018, a span of 48 weeks. The trend for speculator positions has continued to point downward after reaching a high of 40,513 contracts on January 13th. This week marks the thirteenth straight week of net positions under the +30,000 contract threshold.


*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
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Posted in COT Reports |

Short and Sweet

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Doomsday prep for the super-rich



“Survivalism, the practice of preparing for a crackup of civilization, tends to evoke a certain picture: the woodsman in the tinfoil hat, the hysteric with the hoard of beans, the religious doomsayer. But in recent years survivalism has expanded to more affluent quarters, taking root in Silicon Valley and New York City, among technology executives, hedge-fund managers, and others in their economic cohort.” – Evan Osnos, The New Yorker

Everyday on this page we report on the reasons why gold ownership makes a great deal of sense to ordinary investors.  In doing so, we have always taken exception to the mainstream media’s portrayal of the ordinary gold owner as “the woodsman in the tinfoil hat”. . . etc.  I would think that many among the media are utterly amazed that people like Steve Huffman (Reddit, CEO), Peter Thiel (PayPal founder) and the long roster of other luminaries mentioned in this New Yorker article are identified as “preppers” in one capacity or another.

They would probably be even more amazed to find that a good many of this same group are likely to be gold and silver owners as well. As such, they take their place alongside a wide range of Americans who own gold – physicians and dentists, nurses and teachers, plumbers, carpenters and building contractors, business owners, attorneys, engineers and university professors (to name a few.)  We know because that is the description of our clientele. In other words, gold ownership is pretty much a Main Street endeavor. One Gallup poll a few years back found that 34% of American investors rated gold the best investment “regardless of gender, age, income or party ID. . .” In that survey, investors rated gold higher than stocks, bonds, real estate and bank savings.

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Posted in Short and Sweet, Today's top gold news and opinion |

A USAGOLD Special Report

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CHART STUDY

Toward a better understanding
of the U.S. national debt . . .
and its consequences

“As of Friday, April 12, 2019, the national debt stood at $22,027,837,127,788.04 – $966 billion higher than a year ago, $2.081 trillion higher than when Donald Trump took office January 20, 2017, and nearly double where it was ten years ago. It is no doubt much higher now than it was then as that is the nature of the national debt. It always grows. It never shrinks. And that has consequences for the country and for you as an investor.”

–– Full Study ––

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Posted in Announcements, Today's top gold news and opinion | Tagged |

Twenty years of one-tenth ounce gold American Eagles!

Limted availability!

*Contiguous date sets: 1998-2017 (Each set includes one each of every date)
*Only 20 Sets Available – Sold First-Come, First-Served
*Just $3.5 per coin more than common 1/10 oz Eagles (roughly $154 ea.)

A USAGOLD special offer!
Shipping included. Available for immediate shipment.
First come – first served


ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com

ORDER ONLINE • Description/Details

Posted in Today's top gold news and opinion |

Better Business Bureau Five Star Review

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Recent Better Business Bureau Client Review

“When I first became interested in purchasing gold, I merely followed the advertising recommendation of a conservative national personality. This experience was not favorable, as the recommended firm seemed to be just another high pressure marketing boiler room, only interested in making a sale at the highest possible commission. Of course I was disenchanted, and thus lumped (unfairly) all gold brokers into the same category.

A few years later, my interest in purchasing gold overcame my earlier experience and I began seeking a trustworthy firm. As I researched various options, USAGOLD caught my attention. After a few weeks of following their website presence (the Live Daily Newsletter and their weekly video), I began a telephonic dialog with Jonathan Kosares. Recognizing that I was a novice, Jonathan patiently provided general precious metals background and technical information, while also directing me to various educational resources. Since I sought a long term relationship with a stable firm, and because of my earlier experience purchasing gold, my next step was to schedule a personal visit to USAGOLD’s offices in Denver. The meeting at USAGOLD was quite comforting and further instilled a deep sense of trust. . . All that I encountered underscored and reinforced USAGOLD’s unique history and competency with regard to gold and precious metals.

Over the next few months, I engaged in several significant transactions, and all aspects of those transactions could not have been better. I could not have been more pleased with the specific recommendations and pricing, strategies related to IRA/HSA alternatives, balancing exposures to both gold and silver, and the execution of shipping and delivery. I intend to be a lifelong customer, and to this day Jonathan is always available to share his knowledge of precious metals and his perspective on the markets. If you are looking for personal attention from a trustworthy firm that has decades of impeccable history along with a focused depth of expertise, you have found it in USAGOLD.” – R.N., 1/29/2017

Scorecard: 38 45  48  49 53 five star reviews. Zero complaints.
A+ rating. Accredited since 1991.

[Link]

USAGOLD Recommendation: The precious metals industry is unique in the financial industry in that it is not subject to oversight or regulation by third-party government entities like the SEC or CFTC. As such, marketplace forums and feedback sites often serve as a replacement for investors attempting due diligence. While several options can be found, by far the most impartial and least susceptible to vested influence is the Better Business Bureau. When looking at a company’s BBB profile, don’t focus solely on the rating. To be honest, pretty much everybody has an ‘A’ or ‘A+’ rating. What is far more important to assess is the number and nature of complaints, number and caliber of positive and negative reviews, longevity with the BBB, as well as the number of ‘stars’ given a company through the actual customer review system.

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Posted in ClientInsights, Today's top gold news and opinion |

Short and Sweet

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JP Morgan study ranks gold second best
investment over past twenty years

J.P. Morgan Asset Management released a report recently ranking investments over the past twenty years. It shows gold as the second best performer over the period at a 7.7% average gain annually. REITs (Real Estate Investment Trusts) were number one at a 9.9% gain. Stocks ranked fourth at 5.6%.

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Posted in Short and Sweet, Today's top gold news and opinion | Tagged |

Gold spec bets surge to highest level in a year

Through Tuesday, June 4, 2019
Charts and commentary courtesy of CountingPips.com
Tables courtesy of GoldSeek

Note: Commitment of Traders reports are published Friday with data from the previous Tuesday.


Gold spec bets surge to highest level in a year

 

Gold Non-Commercial Speculator Positions:

Large precious metals speculators sharply lifted their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 156,115 contracts in the data reported through Tuesday June 4th. This was a weekly boost of 69,427 net contracts from the previous week which had a total of 86,688 net contracts.

The week’s net position was the result of the gross bullish position (longs) gaining by 46,014 contracts (to a weekly total of 240,477 contracts) in addition to the gross bearish position (shorts) falling by -23,413 contracts for the week (to a total of 84,362 contracts).

The net speculative position had fallen in the previous two weeks before this week’s jump in positions. This was the largest one-week net increase on record, according to out COT data dating back to 1986.

The current position is now back over the +100,000 net contract level and is at the most bullish level since April 17th of 2018 when the net position totaled 163,069 contracts.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -172,576 contracts on the week. This was a weekly decrease of -62,622 contracts from the total net of -109,954 contracts reported the previous week.

Gold Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1328.70 which was a boost of $51.60 from the previous close of $1277.10, according to unofficial market data.


Silver speculators lowered their bullish bets for 2nd week in January

 

Silver Non-Commercial Speculator Positions:

Large precious metals speculators reduced their bearish net positions in the Silver futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of -8,443 contracts in the data reported through Tuesday June 4th. This was a weekly gain of 13,966 net contracts from the previous week which had a total of -22,409 net contracts.

The week’s net position was the result of the gross bullish position (longs) rising by 2,990 contracts (to a weekly total of 76,653 contracts) that combined with the gross bearish position (shorts) that dropped by -10,976 contracts for the week (to a total of 85,096 contracts).

The net speculative position had fallen for four straight weeks and for eight out of the previous nine weeks before this week’s turnaround. The gain of +13,966 contracts on the week was the highest gain since December 31st when speculators were strongly bullish and had pushed their net position to over +40,000 contracts.

Despite this week’s advance, the current standing remains in a bearish position for a fifth consecutive week.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -12,289 contracts on the week. This was a weekly decline of -13,404 contracts from the total net of 1,115 contracts reported the previous week.

Silver Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Silver Futures (Front Month) closed at approximately $1476.90 which was a boost of $44.90 from the previous close of $1432.00, according to unofficial market data.


US Dollar Index bets fell this week

US Dollar Index Speculator Positions

Large currency speculators cut back on their bullish net positions in the US Dollar Index futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 26,234 contracts in the data reported through Tuesday June 4th. This was a weekly decrease of -864 contracts from the previous week which had a total of 27,098 net contracts.

This week’s net position was the result of the gross bullish position lowering by -2,571 contracts (to a weekly total of 39,348 contracts) while the gross bearish position declined by -1,707 contracts for the week (to a total of 13,114 contracts).

The net speculative position dipped this week after a couple of small gains in the previous two weeks. The dollar index speculator positions have continued to be on a slow and steady downtrend over the past several months after reaching a high-point of 40,513 contracts on January 13th. This week’s level marked the least bullish position since the end of March.


*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
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Posted in COT Reports |

Favorite web pages

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NEWS & VIEWS
Forecasts, Commentary & Analysis on the Economy and Precious Metals

–– June issue to be released next week ––
New visitor? We invite you to sign-up to receive our newsletter monthly at no cost or obligation.

This month’s issue is timely.  It explores John Exter’s Inverted Pyramid of Global Liquidity as it relates to gold, why a 60%-65% stock market loss would be run-of-the-mill, and more. 



The contemporary, web-based version of our client letter traces its beginnings to the early 1990s as a hard-copy newsletter mailed to our clientele. Its principal objectives have always been the same – to keep our clients informed on important developments in the gold market, condense the available gold-based news and opinion into a brief, readable digest, and to counter the traditional anti-gold bias in the mainstream media. That formula has won it a five-figure subscription base. In addition to our regular newsletters, we occasionally publish in-depth special reports that focus on events and developments of interest to gold owners. Valued for their insight, accuracy and reliability, our publications are linked and reprinted by a large number of websites both in the United States and around the globe.

FREE SUBSCRIPTION SIGN UP • • • ARCHIVE
We invite your visit.  We encourage your bookmark.

USAGOLD’s
Monthly Client Letter
Sign-up today to make sure you receive the upcoming issue.

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Posted in Announcements, Today's top gold news and opinion | Tagged |

Favorite web pages

Gold Trends and Indicators

Our Gold Trends and Indicators page was first constructed many years ago to serve a specific need.  At the time, there was no single place a client, or prospective client, could go to monitor statistical categories and correlations relevant to gold ownership.  This page filled that need with interactive, automatically updating charts that featured gold’s annual returns; one-year, ten-year, and long-term price charts; correlations like gold and the purchasing power of the dollar, gold and the S&P 500 and gold and the volatility index (to name a few); and, real rates of return over the long term on gold and the dollar.  It remains a favorite reference among serious investors and students of the gold market to this day.  We believe it to be particularly useful to the prospective gold buyer who wants to understand the history of gold under various circumstances as part of the due diligence process.

Gold Trends and Indicators is another of the quiet pages at USAGOLD that garners significant global interest particularly when the market is moving or breaking news warrants more than average interest. We also invite you to return here regularly – to this Live Daily Newsletter page – for up-to-the-minute gold market news, opinion, and analysis as it happens.

We invite your visit.  We encourage your bookmark.

USAGOLD’s
Gold Trends and Indicators
Charts offered in conjunction with the St. Louis Federal Reserve and the ICE Benchmark Administration

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Posted in Favorite web pages, Today's top gold news and opinion | Tagged |

Short and Sweet

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Will 2019 be the year of the big breakout for gold?

“In each of the last three years, gold has gotten off to a strong start only to fizzle as the year moved along.  Will 2019 be the year gold finally breaks the pattern? A good many investors, fund managers and analysts think that 2019 might very well be the year when gold breaks the restraints and pushes to higher ground.  One of those is Carter Worth of Cornerstone Macro in New York who CNBC’s Melissa Lee refers to as “the chart master.”  In a recent interview with Lee, Worth referred to a rendition of the long-term chart below saying that there is “a well-defined set-up and a lot of tension.” He says that combination is going to resolve to the upside – “a breakout to all-time highs.” With respect to gold’s relationship to the dollar, Worth says “Gold’s got its own momentum now. . .It is all setting-up for higher gold prices and trouble for equities, trouble for the economy.”

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Posted in Short and Sweet, Today's top gold news and opinion | Tagged |

Better Business Bureau Five Star Review

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Recent Better Business Bureau Client Review

“Thank you so much for your high rating for USAGOLD, Denver. They were recommended by a close friend and I researched them on your website in Oct 2009 and have been in touch with them ever since. I am now in full trust with their extraordinary business of great integrity and expertise. I will always deal with them . . Again, thank you for your expert ratings.” – Elan C.

Scorecard: 38 45 48 53 five star reviews. Zero complaints.
A+ rating. Accredited since 1991.

[Link]

USAGOLD Recommendation: The precious metals industry is unique in the financial industry in that it is not subject to oversight or regulation by third-party government entities like the SEC or CFTC. As such, marketplace forums and feedback sites often serve as a replacement for investors attempting due diligence. While several options can be found, by far the most impartial and least susceptible to vested influence is the Better Business Bureau. When looking at a company’s BBB profile, don’t focus solely on the rating. To be honest, pretty much everybody has an ‘A’ or ‘A+’ rating. What is far more important to assess is the number and nature of complaints, number and caliber of positive and negative reviews, longevity with the BBB, as well as the number of ‘stars’ given a company through the actual customer review system.

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Posted in ClientInsights, Today's top gold news and opinion |

Gold specs bullish positions dip, down for second week

Through Tuesday, May 28, 2019
Charts and commentary courtesy of CountingPips.com
Tables courtesy of GoldSeek

Note: Commitment of Traders reports are published Friday with data from the previous Tuesday.

Gold speculators bullish positions dipped, down for 2nd week

 

Gold Non-Commercial Speculator Positions:

Large precious metals speculators lowered their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 86,688 contracts in the data reported through Tuesday May 28th. This was a weekly change of -2,117 net contracts from the previous week which had a total of 88,805 net contracts.

The week’s net position was the result of the gross bullish position (longs) dropping by -9,165 contracts (to a weekly total of 194,463 contracts) while the gross bearish position (shorts) declined by -7,048 contracts for the week (to a total of 107,775 contracts).

The net speculative position slid lower for a second straight week after dropping by -35,731 contracts last week. Gold positions had been on a nice bullish streak and reached an eleven-week high on May 14th before turning lower. Currently, the speculator standing remains in a modest bullish level although under the +100,000 contract level for a second week.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -109,954 contracts on the week. This was a weekly decline of -2,016 contracts from the total net of -107,938 contracts reported the previous week.

Gold Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1277.10 which was an uptick of $3.90 from the previous close of $1273.20, according to unofficial market data.


Silver speculators pushed their bets further into bearish territory

 

Silver Non-Commercial Speculator Positions:

Large precious metals speculators continued to add to their bearish net positions in the Silver futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of -22,409 contracts in the data reported through Tuesday May 28th. This was a weekly change of -7,747 net contracts from the previous week which had a total of -14,662 net contracts.

The week’s net position was the result of the gross bullish position (longs) tumbling by -1,819 contracts (to a weekly total of 73,663 contracts) while the gross bearish position (shorts) increased by 5,928 contracts for the week (to a total of 96,072 contracts).

The net speculative position fell for a fourth straight week and for the eighth time out of the past nine weeks.

Silver positions had come off the mat sharply after the last time they were negative in the fall (into early in December). Rising to +58,313 contracts on February 26th marked the high-point in the last run-up from late December. The sentiment and market price have both now quickly dropped back down to their lowest levels since the prior negative period.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 1,115 contracts on the week. This was a weekly advance of 6,298 contracts from the total net of -5,183 contracts reported the previous week.

Silver Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Silver Futures (Front Month) closed at approximately $1432.00 which was a shortfall of $-9.00 from the previous close of $1441.00, according to unofficial market data.


US Dollar Index speculators edged bets higher

US Dollar Index Speculator Positions

Large currency speculators slightly lifted their net positions in the US Dollar Index futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 27,098 contracts in the data reported through Tuesday May 28th. This was a weekly rise of 386 contracts from the previous week which had a total of 26,712 net contracts.

This week’s net position was the result of the gross bullish position dropping by -1,481 contracts (to a weekly total of 41,919 contracts) while the gross bearish position fell by -1,867 contracts for the week (to a total of 14,821 contracts).

Speculator positions edged higher for a second week after having previously fallen for four out of the previous five weeks. Despite another week’s slight uptick, the recent trend of the USD Index bets steadily trending downward remains intact.


*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
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Posted in COT Reports |

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A sovereign tale of gold’s historic undervaluation
Oil, gold and a hoard of British sovereigns stashed in an old piano
“British officials are trying to trace the owner of a trove of gold coins worth a ‘life-changing’ amount of money found stashed inside a piano. A coroner investigating the find on Thursday urged anyone with information to come forward. . . Anyone wanting to make a claim has until April 20, when coroner John Ellery will conclude his inquest.” – Associated Press, London, UK

The above notice was originally posted in the public interest at USAGOLD’s online daily newsletter in June, 2011. As such we are well past the coroner’s due date. If you happen to be the frugal individual who stashed that life-changing amount of money in the piano (a total of 913 old British sovereigns in hand-stitched pouches) and neglected to make your claim, you are officially out of luck. [Smile]

When I first read about the gold hidden in the piano, put away no doubt for a rainy day, I was reminded of the settlement between King Ibn Saud of Saudi Arabia and a consortium of oil companies on rights to that country’s vast oil riches in the early 1930s. That too involved a stash of British sovereigns – 35,000 of the roughly one-quarter ounce gold coins.

British sovereigns happen to be one of the most sought-after, accumulated and stored pre-1933 gold coins in the world, so it is no surprise that forgotten hoards of the coin turn up every once in a while, nor is it a surprise that Ibn Saud would have asked to be paid in these highly liquid, universally acceptable gold coins. We sell many thousands of this item annually. Some go into safe deposit boxes. Some get buried out on the property. Some get stashed in the living-room piano. Most are kept in the event of a social, political or financial breakdown, or some other unexpected calamity, against all of which the gold British sovereign has been a direct hedge for centuries.

At the time of Saudi Arabia’s oil concession, British sovereigns were valued at $8.24 each, or $288,365 for the 35,000 coin lot. The price of oil in 1933 was about 85¢ a barrel. A British sovereign, as a result, could buy 9.7 barrels of oil. Today those same sovereigns would bring a little less than $10.5 million at melt value ($303 each/$1290 per ounce gold price) and a barrel of oil is selling for about $64. Thus, today a British sovereign can buy about 4.75 barrels of oil — a statistic that gives you an inkling of gold’s current under-valuation.

For gold to buy the same amount of oil now that it did in 1933, the price would have to go to just over $2500 per ounce.  All of which brings us to the USAGOLD’s current special offer launched just this afternoon. . . . . . . .

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Posted in ClientInsights, Today's top gold news and opinion | Tagged |

Short and Sweet

The inverted yield curve as a harbinger
of higher gold prices

(Grey vertical bars indicate recessions.)

During the course of the past several weeks, we have heard much about the inverted yield curve in three-month and ten-year Treasuries as a harbinger of recessions. Missed in the press reports is the fact that it has also been a harbinger of higher gold prices. In the chart above, please note the upward surges in the price of gold in the five-year periods following the two most recent yield inversions in 2000 and 2006. The first occurred with gold trading in the $300 range. It subsequently rose to the $600-650 level in 2006. The second occurred with gold priced in the $600-650 range. It subsequently rose to over $1900 per ounce in 2011 – its all-time high.

“Ominously,” writes Robin Wigglesworth and Joe Rennison in a recent Financial Times editorial, “the US yield curve has now inverted once again, with the 10-year Treasury yield on March 22 dipping below the three-month T-bill yield for the first time since 2007. Combined with the length of the post-crisis expansion — this summer it will become the longest growth spurt in US history — and deteriorating economic data, the inverted yield curve has stirred fears that the countdown to the next downturn has already begun.”

Peter Fisher, formerly head of fixed income at BlackRock and currently a professor at Tuck School of Business at Dartmouth, puts it succinctly in that same Financial Times editorial. “The mistake,” he says, “is to think it [an inverted yield curve] is a predictor of recessions. I think it causes recessions.” The rise in the price of gold following the two prior instances of yield inversion, it is now well understood, came in response to aggressive central bank monetary easing and the sudden emergence of credit-related systemic risks.

 

Posted in Premium Bulletin Board |

Short and Sweet

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U.S. gold bar and coin demand up 38% over last year

Map courtesy of the World Gold Council

The World Gold Council reports U.S. bar and coin demand rose 38% over the past year (through the first quarter). Global central banks and financial institutions drove physical gold demand the past 12 months raising once again the question if professional investors know something that retail investors do not. As the map above illustrates, the United States ranked at the top globally for growth in gold coin and bullion demand over the past year, while Asian demand fell back. Most of the U.S. demand, as previously mentioned, originated with funds and institutions, not individual private investors.

Here’s the World Gold Council’s summary of demand trends through the first quarter of 2019:

“Central banks bought 145.5t of gold, the largest Q1 increase in global reserves since 2013. Diversification and a desire for safe, liquid assets were the main drivers of buying here. On a rolling four-quarter basis, gold buying reached a record high for our data series of 715.7t. Q1 jewellery demand up 1%, boosted by India. A lower rupee gold price in late February/early March coincided with the traditional gold-buying wedding season, lifting jewellery demand in India to 125.4t (+5% y-o-y) – the highest Q1 since 2015.  ETFs and similar products added 40.3t in Q1. Funds listed in the US and Europe benefitted from inflows, although the former were relatively erratic, while the latter were underpinned by continued geopolitical instability. Bar and coin investment softened a touch – 1% down to 257.8t. China and Japan were the main contributors to the decline. Japan saw net disinvestment, driven by profit-taking as the local price surged in February.”

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Posted in Short and Sweet | Tagged |

Posted in Today's top gold news and opinion |

Gold specs sharply lower bullish bets most in five weeks

Through Tuesday, May 21, 2019
Charts and commentary courtesy of CountingPips.com
Tables courtesy of GoldSeek

Note: Commitment of Traders reports are published Friday with data from the previous Tuesday.


Gold speculators sharply lowered their bullish bets by most in five weeks

Gold Non-Commercial Speculator Positions:

Large precious metals speculators cut back on their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 88,805 contracts in the data reported through Tuesday May 21st. This was a weekly decline of -35,731 net contracts from the previous week which had a total of 124,536 net contracts.

The week’s net position was the result of the gross bullish position (longs) lowering by -22,733 contracts (to a weekly total of 203,628 contracts) while the gross bearish position (shorts) gained by 12,998 contracts for the week (to a total of 114,823 contracts).

The net speculative position fell for the first time in four weeks but dropped by the highest weekly amount since April 16th. Gold speculative bets had previous gained for three straight weeks and ascended to the highest net position since February before cooling off this week.

Overall, the gold spec position remains in a relatively strong bullish position and has been in positive territory for twenty-seventh straight weeks.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -107,938 contracts on the week. This was a weekly gain of 29,245 contracts from the total net of -137,183 contracts reported the previous week.

Gold Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1273.20 which was a decline of $-23.10 from the previous close of $1296.30, according to unofficial market data.


Silver specs sharply boost bearish bets to most since November

Silver Non-Commercial Speculator Positions:

Large precious metals speculators sharply added to their bearish net positions in the Silver futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of -14,662 contracts in the data reported through Tuesday May 21st. This was a weekly change of -12,453 net contracts from the previous week which had a total of -2,209 net contracts.

The week’s net position was the result of the gross bullish position (longs) falling by -2,060 contracts (to a weekly total of 75,482 contracts) while the gross bearish position (shorts) increased by 10,393 contracts for the week (to a total of 90,144 contracts).

The net speculative position has now had rising bearish bets three straight weeks and for eight out of the past nine weeks as speculator sentiment for Silver has clearly turned negative.

This week’s fall by over -12,000 net positions was the largest one-week decline of the past eleven weeks and puts the current standing at the most bearish level since November 13th of 2018 (-17,145 contracts). Silver net positions spent a total of seventeen weeks in bearish territory from August to early December before turning bullish in December (and strongly bullish during the December stock selloff).

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -5,183 contracts on the week. This was a weekly gain of 7,595 contracts from the total net of -12,778 contracts reported the previous week.

Silver Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Silver Futures (Front Month) closed at approximately $1441.00 which was a loss of $-40.20 from the previous close of $1481.20, according to unofficial market data.


US Dollar Index specs edge bets higher

US Dollar Index Speculator Positions

Large currency speculators slightly edged their bullish bets higher in the US Dollar Index futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 26,712 contracts in the data reported through Tuesday May 21st. This was a weekly increase of just 35 contracts from the previous week which had a total of 26,677 net contracts.

This week’s net position was the result of the gross bullish position (longs) increasing by 3,189 contracts which just overcame the gross bearish position (shorts) which rose by 3,154 contracts for the week.

The net speculative position had previously fallen for two straight weeks and for four out of the previous five weeks. This week’s slight uptick does not change the recent trend of the USD Index bets steadily trending downward. Overall, the current standing has now been under the +30,000 net contract level for ten straight weeks.


*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
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Posted in COT Reports |

Premium Bulletin Board Update


We have updated the Premium Bulletin Board available to clients and Online Order Desk registants only.  If you are a client but did not receive url access by e-mail recently, please contact us by e-mail and we will resend or call the Order Desk. If your are not a client but would like to receive access, please go to our Online Order Desk sign-up page.

Thank you
Management


ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com
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Posted in Today's top gold news and opinion |

Better Business Bureau Five Star Review

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Recent Better Business Bureau Client Review

“Thank you so much for your high rating for USAGOLD, Denver. They were recommended by a close friend and I researched them on your website in Oct 2009 and have been in touch with them ever since. I am now in full trust with their extraordinary business of great integrity and expertise. I will always deal with them . . Again, thank you for your expert ratings.” – Elan C., 8-29-2017

Scorecard: 38 45 53 five star reviews. Zero complaints.
A+ rating. Accredited since 1991.

[Link]

USAGOLD Recommendation: The precious metals industry is unique in the financial industry in that it is not subject to oversight or regulation by third-party government entities like the SEC or CFTC. As such, marketplace forums and feedback sites often serve as a replacement for investors attempting due diligence. While several options can be found, by far the most impartial and least susceptible to vested influence is the Better Business Bureau. When looking at a company’s BBB profile, don’t focus solely on the rating. To be honest, pretty much everybody has an ‘A’ or ‘A+’ rating. What is far more important to assess is the number and nature of complaints, number and caliber of positive and negative reviews, longevity with the BBB, as well as the number of ‘stars’ given a company through the actual customer review system.

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Posted in ClientInsights, Today's top gold news and opinion |

Posted in Today's top gold news and opinion |

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Where are we in Tyler’s historical cycle?

“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasury. From that moment on the majority always votes for the candidates promising the most money from the public treasury, with the result that a democracy always collapses over loose fiscal policy followed by a dictatorship. The average age of the world’s great civilizations has been two hundred years. These nations have progressed through the following sequence: from bondage to spiritual faith, from spiritual faith to great courage, from courage to liberty, from liberty to abundance, from abundance to selfishness, from selfishness to complacency from complacency to apathy, from apathy to dependency, from dependency back to bondage.” – Alexander Tyler, 18th century historian and jurist

Dr. MoneyWise says:  I always keep in mind Alexander Tyler’s historical cycle. I estimate that we are now somewhere between the “complacency” and “apathy” stages with “dependency” –if recent political rumblings can be taken at face value – knocking on the door. History is replete with examples of a rapid debasement of the currency accompanying the latter stages of Tyler’s cycle and that is why I own gold.

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Posted in Dr. Moneywise, Today's top gold news and opinion | Tagged , |

Posted in Gold and Silver Price Predictions from Prominent Players |