Global Silver Demand is High and Getting Higher - Money Metals Exchange. #Metals Hold Firm Despite Stronger #Dollar; Geopolitical Conflicts Heat Up. Metals Hold Firm Despite Stronger Dollar; Geopolitical Conflicts Heat Up. Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.
Coming up David Smith joins me to talk about the ongoing destruction of the U.S. dollar. He explains why he believes those who continue to ignore the dollar’s decline will end up like the homeowner who one day discovers his house has slowly been destroyed by an army of termites, but learns it’s too late to anything about it. Don’t miss my conversation with David Smith, Senior Analyst at The Morgan Report and regular contributor to MoneyMetals.com, coming up after this week’s market update. Precious metals markets are mounting a modest comeback this week. Gold and silver gained on Thursday following the implosion of the planned North Korea Summit. President Donald Trump announced he would be pulling out of a much-anticipated meeting with Kim Jong-un after the North Korean dictator spouted off some bellicose rhetoric at the United States.
Silver and gold are both showing impressive strength in the face of a strong dollar. Keeping an Eye on #Gold #Bullion Supply and Demand. Keeping an Eye on Gold Bullion Supply and Demand. Commodities / Gold and Silver 2016Feb 03, 2016 - 06:56 AM GMT By: MoneyMetals Clint Siegner writes: A lot is riding on the demand side of the equation when it comes to metals' price performance this year.
Demand is the bigger wildcard with signals thus far being mixed in gold and silver bullion markets. The outlook for supply is more certain, and it isn't pretty. Endeavor Silver, one of the largest primary silver mining companies, announced last week that it expects to reduce production of the white metal by roughly 30%. Steve St. COMEX Gold Stockpiles Drop 73% in a Single Day The drop in COMEX inventories of gold and silver may also contribute to supply problems in the bullion markets. It is true the declining inventory of registered metal isn't necessarily a problem. On the demand front, the data is conflicting. U.S. However, the month of January was extraordinary when it comes to demand for silver and gold American Eagles. Direct purchases from the U.S. By Clint Siegner MoneyMetals.com. Awareness Of #Fed Credibility Problems Going Mainstream.
Awareness Of Fed Credibility Problems Going Mainstream. Awareness Of Fed Credibility Problems Going Mainstream by Clint Siegner, Money Metals Exchange The nation’s pre-eminent central planners just held their annual gathering at an exclusive resort just outside Jackson Hole, Wyoming and discussed how to interfere even more deeply in markets.
In a speech entitled “The Federal Reserve’s Monetary Policy Toolkit: Past, Present and Future,” Fed chair Janet Yellen outlined why zero interest rate policy (ZIRP), purchases of toxic mortgage securities, and monetization of Treasury debt just aren’t adequate. Officials must add negative interest rates (NIRP) and purchases of even more sketchy assets to their “toolkit.” Yellen has spent more than a year floating the idea of negative rates, so it is no surprise she is hustling the ludicrous policy once again. In fact, very little of what she said Friday is new. Awareness Of Fed Credibility Problems Going Mainstream She started with a familiar trope about the economy being close to escape velocity.