Will tomorrow’s inflation data release shock us? Gary Wagner
May’s consumer price index is set to be released tomorrow morning, and the broad expectation is that inflation will climb higher compared to the previous month’s reading of 4.2%. Gary Wagner, editor of TheGoldForecast.com, agrees with the consensus expectation. “I…
Perth Mint responds to gold, silver shortage allegations (Pt. 2/2)
Rumors have circulated on the internet that The Perth Mint has a shortage of physical silver and gold and that their pool products, either allocated or unallocated, do not have enough physical bullions backing them up. “You can go to…
$2,700 gold price ‘could be reached in 1 to 2 years’ at the earliest – Chris Vermeulen
The last two gold bull cycles, culminating in peaks in 1980 and 2011, were both followed by a price correction and then a multi-year consolidating pattern. However, the highs of last year do not indicate a multi-year peak, as gold…
Marijuana to be decriminalized? House reintroduces bill; what investors need to know – Luis Merchan
The Marijuana Opportunity Reinvestment and Expungement Act of 2021, or MORE Act, was recently reintroduced by House Judiciary Committee Chairman Jerry Nadler, D-N.Y. The Act aims to decriminalize marijuana usage, as well as remove cannabis from the list of controlled…
Bitcoin to become legal tender in El Salvador; Trump calls BTC a ‘scam’ – Frank Holmes comments
El Salvador President Nayib Bukele announced at the Bitcoin 2021 Conference in Miami that the country is in the process of adopting Bitcoin as legal tender. Bukele Tweeted that “If 1% of [Bitcoin] is invested in El Salvador, that would…
Gold price to double, but gold stocks to see 10X gains in next 3 yrs
After dropping more than $40, gold is making a comeback following another disappointing jobs report out of the U.S. Here’s a look at Kitco’s top three stories of the week: 3. Bitcoin is a substitute for copper, not gold -…
Biden is deliberately creating labor shortages to boost wages and inflation says Mark Skousen
The Biden Administration has maintained the stimulus check program of $300 a month to disincentivize people from returning to work, thereby creating a labor shortage and indirectly cause wages to rise, said Mark Skousen, editor-in-chief of Forecasts & Strategies. “I…
Why did Friday’s jobs report miss expectations? Is the economy in trouble?
Friday’s nonfarm payroll report showed that the U.S. economy added 559,000 jobs in May, slightly shy of consensus expectations of 675,000. The unemployment rate is now at 5.8%, the lowest level since the start of the pandemic. Alain Corbani, portfolio…
AMC, Dogecoin explode, can prices continue to skyrocket? Gareth Soloway
AMC shares climbed nearly six fold since mid-May, but news Thursday that the company would sell 11.5 million shares triggered a 20% selloff pre-market. Gareth Soloway, chief market strategist said that more downside action is expected. Soloway discusses with David…
Gold price tumbles $40, will it collapse back to $1,700? Watch these warning signs – Jim Wyckoff
Gold fell 2% on Thursday, but this is just reflective of routine profit taking, said Jim Wyckoff, senior analyst of Kitco News. Importantly, the U.S. dollar has moved up on Thursday’s session, likely as a consequence of having fallen for…
