Market News

David Beahm Blanchard CEO

Monday Morning Wrap Up – June 29, 2020

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        
What is the M2 Money Supply and What Does it Mean for Gold?

What is the M2 Money Supply and What Does it Mean for Gold?

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        
Are the headlines confusing you, too?

Are the headlines confusing you, too?

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        
David Beahm Blanchard CEO

Monday Morning Wrap Up – June 22, 2020

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        
The Controversy Over the VDB Lincoln Cent

The Controversy Over the VDB Lincoln Cent

Throughout history only a few men rose to such prominence to be instantly recognized by their initials. Oh, there's a few of course. Like FDR, JFK and LBJ. Within the numismatic world, expert collectors instantly recognize the initials VDB. Who is VDB? Victor David Brenner. If you haven't heard the story, pour yourself a cup of tea and settle in for a treat. Born Viktoras Barnauskas on June 12, 1871 in Shavli, Lithuania, Brenner immigrated ... >> Read More        
David Beahm Blanchard CEO

Monday Morning Wrap Up – June 15, 2020

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        
Quantitative Easing Expands To Emerging Market Nations

Quantitative Easing Expands To Emerging Market Nations

It turns out money printing isn't just for rich nations any more. Emerging market countries like Chile, Costa Rica, Croatia, Hungary, Indonesia, Poland, Romania, the Philippines, South Africa and Turkey are taking a page from the developed nation's monetary policy playbook this year. In an effort to combat the economic slowdown foisted onto the world by Covid-19, emerging market central banks are playing copycat to the United States by buying bonds of various kinds in ... >> Read More        
What is Happening to the Gold Supply Chain

What is Happening to the Gold Supply Chain?

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        
David Beahm Blanchard CEO

Monday Morning Wrap Up – June 8, 2020

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        
David Beahm Blanchard CEO

Monday Morning Wrap Up – June 1, 2020

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