Fed May Bring Down the #Economy, Crash Markets. Gerald Celente: Fed May Bring Down the Economy, Crash Markets. Coming up the one and only Gerald Celente joins me for another explosive interview on the state of the markets.
Gerald tells us why he’s not only focused on the dollar but also oil and explains what is likely to happen if the Fed continues to hike interest rates. Don’t miss my conversation with the top trends forecaster in the world, Gerald Celente, coming up after this week’s market update. Precious metals finally put together an across the board rally this week, led by platinum and palladium. The palladium market is surging 7.0% this week to a 7-month high at $1,054 per ounce. Platinum, meanwhile is putting together a 4.0% weekly advance – though prices still remain deeply depressed on a long-term basis at $831. The platinum group metals are getting a boost due in large part to Chinese stockpiling. Turning to gold, the yellow metal currently trades at $1,201 after staging a weekly advance of 0.5%. Even so, the Mint has already sold about 2 million Silver Eagles so far this month.
Peak #Gold and #Silver May Have Come and Gone. Peak Gold and Silver May Have Come and Gone. Have we reached peak precious metals?
Many analysts think so. Just to be clear, however, the idea of peak gold and peak silver doesn't refer to a peak prices. The precious metals put in a cyclical price high in 2011. But annual mining production levels may have peaked in 2014-2015. This is what is meant by “peak precious metals.” There is good reason to believe that newly mined supplies of gold and silver will decline in 2016 and beyond. Primary silver production is already on the decline in the major producing countries. What Scalebacks in Copper Mining Mean for Silver It's important to keep in mind that the majority of silver that is mined comes as a byproduct of mining operations for other metals.
In order to understand the supply dynamics of the silver market, you have to take a look at what's happening with base metals mining... ...annual [supply] deficits can begin to apply upward pressure to prices. Much like gold miners, copper producers are struggling to cope with low spot prices. New Signs #Gold and #Silver Are Returning as Monetary Assets. New signs gold and silver are returning as monetary assets. Much to the chagrin of the financial elite, gold and silver are re-entering the American consciousness and starting to shake the wing nutty image of their recent past.
But it’s taken a global financial crisis to get the public’s attention – one that could wipe out our nation at almost any moment. The U.S. government’s role in the economy is on a seemingly interminable upward trajectory. The government’s official debt balance that just crossed the $18 trillion mark (with additional unfunded liabilities estimated at more than $100 trillion). Half the population now lives in households that receive government payments. Even as private sector jobs disappear and workforce participation rates languish near generational lows, the corporate sector is seemingly thriving. All these dangerous excesses and distortions are made possible by our free-wheeling fiat monetary system. The Coinage Act of 1792 authorized the minting of the nation’s money. By Stefan Gleason.