Source: Michael J. Ballanger for Streetwise Reports 04/30/2018 Precious metals expert Michael Ballanger discusses the gold and silver ratio. “SHE-NAN-I-GANS” pronunciation: “SHəˈnanɡənz/”Noun informal 1. “secret or dishonest activity or maneuvering.” as in “widespread financial shenanigans had ruined the fortunes of many” 2. “silly or high-spirited behavior; mischief.” To start off, I find it astounding that […]
Month-end shenanigans everywhere Read More »
(Bloomberg) — Some big investors see warning signs ahead for markets but are holding their positions. Egyptian billionaire Naguib Sawiris is taking action: He’s put half of his $5.7 billion net worth into gold. He said in an interview Monday that he believes gold prices will rally further, reaching $1,800 per ounce from just above
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Sales of U.S. Mint American Eagle gold coins dropped to their weakest April since 2007, while silver coin purchases for the month rose 10 percent higher than last year, U.S. government data showed on Monday. The U.S. Mint sold 4,500 ounces of American Eagle gold coins in April, down 25 percent from the year prior.
Mint American Eagle gold coin sales at weakest April since 2007 Read More »
Authored by Trey Reik, Senior Portfolio Manager, Sprott Asset Management USA, Inc. The turbulence which riled U.S. equities in early February spread to short-term credit markets during March. As the S&P 500 Index1 slumped towards ongoing retest of February lows, various measures of dollar funding stress surged to post-crisis highs. Most notably, the Libor-OIS spread
Sprott gold report: “QT” or not to “T”? That is the question Read More »
