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Gold Breaks Major Technical Resistance and Could Climb Toward $3,000 by 2021

Gold has dipped back below $1,400 this morning, as investors believe the strong employment report reduces the odds of a rate cut this year. I believe they are weighing the significance of this one highly-manicured preliminary data point too heavily and the FED will still be forced to cut rates later this year. Therefore, I [...]

By |2019-07-05T11:26:35-07:00July 5th, 2019|Gold & Silver Commentary|

How Important is $1,400 Gold and Will the Rally Continue?

With the FED holding rates steady and saying they will do whatever is necessary to keep the economy expanding, forecasts quickly flipped from expectations of more rate hikes ahead to near certainty of a rate cut this year. This move was inevitable given the underlying fragility of the stock market recovery. This turning point in [...]

By |2019-06-24T12:44:50-07:00June 24th, 2019|Gold & Silver Commentary|

Drop Gold, Buy Bitcoin?

The cryptocurrency company Grayscale has launched a multi-million dollar marketing campaign imploring investors to drop gold and buy bitcoin. It is a slick video and the campaign is getting plenty of attention, but does it make any sense? The “Drop Gold” campaign kicked off Wednesday and features a 39-second commercial that shows a man and [...]

By |2019-05-02T09:37:57-07:00May 2nd, 2019|Cryptocurrencies, Gold & Silver Commentary|

Central Bank Gold Demand Spikes to Highest Level in Nearly 50 Years!

There has been a fundamental shift in central banks’ behavior with respect to gold over the past decade. The 2008 financial crisis led central banks to re-evaluate the relevance and importance of gold on their balance sheets. Check out the sudden change in sentiment that occurred in 2009, as central banks shifted from being net [...]

By |2019-03-26T13:14:47-07:00February 11th, 2019|Gold & Silver Commentary|

Cannabis Industry News: Legalization, Investment Opportunities in 2019

2018 was filled with positive cannabis industry news. From the soaring stock prices of companies like Tilray to the sensational blunt-smoking antics of Elon Musk, last year saw its fair share of pot publicity. And although stock prices have since corrected, cannabis companies are still poised to do well. What cannabis industry news will 2019 [...]

By |2019-02-04T12:00:06-07:00February 4th, 2019|Gold & Silver Commentary|

Silver Shortage to Send Price Soaring Above $20 in 2019

Silver peaked just shy of $50 during April of 2011. The price has been correcting ever since, falling below $14 per ounce in 2016 and again late last year. But there is a silver lining to such a deep and protracted price correction. With silver prices under $20 per ounce for so long, a significant [...]

By |2019-01-31T14:10:16-07:00January 31st, 2019|Gold & Silver Commentary|

Gold Breaks Through $1,300, Set to Push Higher in 2019

The gold price finally pierced resistance at $1,300 on Friday, hitting a 7-month high! Why is this important? The $1,300 level has been pesky resistance roughly 12 times over the past 3 to 4 years. A definitive move above this price is a bullish signal that could create a little FOMO (fear of missing out) [...]

By |2019-01-29T11:17:20-07:00January 28th, 2019|Gold & Silver Commentary|

Crypto Security Tokens: What You Need to Know

Crypto security tokens will be a hot topic in 2019. The tokenization of securities will make trading shares more efficicent and cost effective, removing obsolete middlemen from the process. Security tokens are similar to shares of stock in a company. They can yield dividends, provide revenue share, or appreciate in price. Overstock's Medici Ventures launched [...]

By |2019-01-16T18:25:35-07:00January 16th, 2019|Gold & Silver Commentary|

China’s Central Bank is Buying Gold Again for the First Time Since 2016

The People’s Bank of China announced that they have increased their gold holdings to 59.56 million ounces or about 1,853 metric tons, from 59.24 million ounces previously. This marks an increase of roughly 320,000 ounces or over $400m US. The official reserve numbers had been unchanged since about 130,000 ounces were added in October 2016. [...]

By |2019-01-07T10:43:00-07:00January 7th, 2019|Gold & Silver Commentary|

10 Predictions for 2019 – Gold, Bitcoin, Trump and More!

I don't really believe in palm readers and crystal balls and tarot cards, but I respond to the need for them. - Stephan Jenkins I skate cautiously on the thin ice of making predictions and realize its a fool's errand. But people love to read them and I usually get a few correct along the [...]

By |2019-01-01T11:03:43-07:00January 1st, 2019|Gold & Silver Commentary|