Precious Metal & Rare Coin Market News

How Long before We See Gold Hit $2,000? Did you wonder what would happen to the economy once the second wave of Covid-19 hits in the fall? It turns out the first wave still isn't over. In fact, it's getting worse. Covid-19 infections are spreading like wildfire in hot spot states. Last week, the U.S. recorded a new all-time daily high of Covid-19 cases – at 40,000 in one day. The U.S. now has 2.4 ... >> Read More        

We live in a historic period in which the US economy is experiencing a massive inflow of money. This tidal wave will have a meaningful impact on all investments, including gold. To understand why, one must first understand the M1 and M2 money supply. The M1 money supply is a measure of currency in an economy. This category includes physical currency, demand deposits, negotiable order of withdraw accounts, and travelers’ checks. These are forms of ... >> Read More        

No doubt, you've been both comforted and confused by the strong rebound in the stock market in recent weeks. You aren't alone. Speculators run the show these days.  And that only lasts so long before it falls apart.  The Speculative Day Trading Mania of 2020 We are seeing a stock market mania and a bubble – while we are in a recession! There is a reason for the massive disconnect in the stock market and ... >> Read More        

Fed to the Rescue. Again. You may have heard the saying, "Don't Fight the Fed." Last week, the Fed once again turned fear into greed and boosted stocks with an unexpected announcement that it will start buying individual corporate bonds. Whatever it takes. Yes, indeed. No matter the future cost, the Fed valiantly continues to support the bubble in risky assets, known as the stock market. No matter how far the stock market valuations differ ... >> Read More        

A wake-up call hit Wall Street last week. The Dow plunged over 1,800 points in one day, or 6.9%, chalking up the worst day since March. Rightly so, many have questioned the stock market's near vertical rally in recent weeks, while the pandemic rages on and many businesses are a skeleton of their former selves. Last Thursday, the excessive optimism collided with reality and stocks plunged. Signs that coronavirus cases are surging in some states ... >> Read More        

Gold prices are often cited as a simple example of how supply and demand works. However, beneath this basic dynamic is something far more complex: the gold supply chain. Supply involves more than just mining yields. It also involves intricacies like recycling operations, transportation, and refinery activity. In the months following the COVID-19 outbreak, all three of these components have experienced significant shocks. Consider gold recycling, which commonly represents approximately 25% to 30% of the ... >> Read More        

Big surprise! The U.S. unemployment rate fell last month as more workers returned to work as the economy began to reopen! No doubt, the jobless rate remains exceedingly high historically. We are still in the double digits. In May, the jobless rate stood at 13.3%, down from 14.7% in April. 6 Key Takeaways as We Head into June The worst of the job losses may be behind us. Yet, it could take years for the ... >> Read More        

Welcome to summer. As the Great Lockdown ends and states continue to loosen Covid-19 restrictions, Americans are venturing out to shop, socialize, get their hair cut and eat at outdoor restaurants, tables spaced six feet apart. The U.S. economy is slowing returning to work. While the reopening is encouraging for the economy, there remain many challenges for customer-facing businesses. This is likely to be a long process as social distancing measures remain in place limiting ... >> Read More        

At the end of Mark Twain’s, The Adventures of Huckleberry Finn, the main character tells the reader that he is going to “light out for the territories.” That is, he is going to head out to the great frontier. In this new chapter of history, investors should consider how they will reach the frontier…the efficient frontier. The efficient frontier is a concept that is part of modern portfolio theory, or MPT. The idea behind modern ... >> Read More        

Approximately half of the states in the US are starting to relax social distancing measures. This fractious approach to returning to “normalcy” has become the defining characteristic of the country’s response to COVID-19. Some states are extending aggressive stay-at-home measures. Others never fully embraced them in the first place. Despite this asymmetry, there appears to be a uniform hesitance among Americans to embrace business as usual. While the government and states can issue formal re-opening ... >> Read More