Gold and Silver Rally Through Resistance While Copper Awaits Tariff Verdict
Gold and silver surged through important price barriers on Monday, driven by a weakening US dollar and growing concerns about global trade tensions. Gold broke above its downtrend from April’s record high, establishing new support at $3,325, while silver posted its strongest one-day gain since October, jumping 5.4% to breach…
“Let The Games Begin”: Nintendo Switch 2 Launches With Retail Frenzy As Goldman Reaffirms Bullish Outlook
“Let The Games Begin”: Nintendo Switch 2 Launches With Retail Frenzy As Goldman Reaffirms Bullish Outlook Footage on X shows gaming fans nationwide lining up outside Best Buy, GameStop, and other electronics retailers overnight, eager to get their hands on the next-generation Nintendo Switch. “Let the games begin!” Nintendo of America declared in an early […]
The ETF Illusion: What Gold Investors Must Know
Most investors think they own gold. But according to expert Alan Hibbard, much of it might not be what it seems. In this revealing Big Biz interview, Alan breaks down the quiet — but growing — divide between paper gold (like ETFs) and true physical bullion. He also outlines how…
Beige Book Finds US Economy Diverging By Party Lines, No Trace Of Runaway Inflation
Beige Book Finds US Economy Diverging By Party Lines, No Trace Of Runaway Inflation Many were stunned after the latest inflation and core PCE data confirmed that the experts were once again dead wrong, and instead of the widely expected inflation tsunami, Trump’s tariffs have so far sparked only continued disinflation (which will only become […]
Is 2025 the New 1979? Why Gold Could Be Set to Double Again
Gold doubled in 42 days in 1979. The setup today looks eerily similar. Here’s why Mike Maloney says the biggest moves may still lie ahead.
Metals Markets Surge: Gold Hits $3,382 as Copper Supply Tightens
Gold futures climbed 0.2% to $3,382.60 per troy ounce as investors seek safety amid market uncertainty. The precious metal is benefiting from two main factors: President Trump’s new executive order doubling steel and aluminum tariffs, and escalating tensions between Russia and Ukraine. Central banks continue to support gold prices, adding…
Central Banks’ Secret Gold Rush: Why 80 Tons Monthly Signals Dollar Distrust
Gold prices are defying traditional market logic, approaching $3,400 per ounce despite expectations of a pullback. The key driver isn’t retail investors but central banks, which are secretly buying approximately 80 metric tons monthly. This shift reflects growing concerns about the US dollar’s reliability as a reserve currency, particularly as…
Baffle ‘Em With Bullshit: Services Surveys Signal Soaring & Plunging Economy
Baffle ‘Em With Bullshit: Services Surveys Signal Soaring & Plunging Economy After the mixed picture from Manufacturing surveys (ISM ugly, PMI solid); both Services surveys – due this morning – were expected to rise in May. S&P Global US Services PMI surged to 53.7 in May, from 52.3 flash and up from 50.8 in April […]
Bank of Canada Keeps Rates At 2.75% As Expected, As It Waits To See Impact Of Trump Tariffs
Bank of Canada Keeps Rates At 2.75% As Expected, As It Waits To See Impact Of Trump Tariffs The Bank of Canada held interest rates steady at 2.75% for a second straight meeting – matching economist and market estimates – but warned there may be a need to cut borrowing costs if the economy weakens […]
Gold Prices Steady at $3,349 Amid Trade Tensions and Mixed Jobs Report
Gold prices remained stable at $3,349.19 per ounce on Wednesday as two opposing forces balanced each other out. While stronger U.S. job openings data typically pushes gold prices down, ongoing trade tensions between the U.S. and China are keeping demand for gold as a safe investment high. Analysts expect gold…