August 2024 - Week 1 Edition
July Market Review – As We Enter August’s “Stock Market Hurricane Season”
During the first few days of August, the stock market has suffered the onset of its annual “hurricane season” as August and September are typically the two worst months of the year in stock market history – as well as two of the best months, historically, for gold’s performance.
July 2024 - Week 5 Edition
Holding a Coin is “Like Holding History in Your Hands”
There are many ways to hold history in your hands. My parents and I collected the signatures of famous people, including Presidents of the United States. Some people collect first editions of classic books or original works of art. To me, nothing speaks of history more than a specific mint mark and date on a rare American coin, along with the obverse and reverse sculptures and the stories behind them.
July 2024 - Week 4 Edition
Gold Price Indicates More Growth Ahead For Investors
After setting another all-time high above $2,470 last Wednesday, July 17, and remaining above $2,450 during most of the Republican National Convention, gold took a predictable step back after the euphoria of the convention ended, dipping briefly below $2,400 on Friday, July 19 before closing at $2,410 on Tuesday, July 23.
July 2024 - Week 3 Edition
We Change Our Gold Performance Chart for the First Time Since 2008
Gold has doubled the S&P 500 and silver has doubled the Dow during a time of rising rates – yet the news this Wednesday morning still says gold is up “on speculation the Fed will begin interest rate cuts in September.
July 2024 - Week 2 Edition
Recapping Why Gold Will Break $2,500 in 2024
As I head off to Freedom Fest, I thought I would update my 10 reasons why gold will top $2,500, first published here in April (Week 1).
July 2024 - Week 1 Edition
Report on the Markets in the First Half of 2024
Precious metals had a spectacular first half of the year. Gold is well on its way to our predicted price of $2,500 by the end of 2024, and silver has already reached our $30 target, surpassing all stock indexes
June 2024 - Week 4 Edition
Gold is Staying Above $2,300
Gold is Staying Above $2,300 as we approach the midpoint of 2024, so it is still within shouting distance of mine and Steve Forbes’ prediction of $2,400 to $2,500 gold for the calendar year “and even higher if the ‘wrong team’ wins the November election.”
June 2024 - Week 3 Edition
We Won Another Numismatic Literary Award – For This Newsletter!
Another reason why it pays for customers to deal with our companies is they receive our free award-winning Metals Market Report each month. It also appears weekly on the homepage of our website. This report has won numerous awards over the years and most recently was awarded first place at the 2024 Press Club of Southeast Texas Awards Banquet for our newsletter titled, “Gold Rising and Poised for More Gains,” based on our October 2023 collaborative meeting with Steve Forbes. We both called for $2,400 to $2,500 gold in 2024, “and even higher if the ‘wrong guys’ win the election,” a prediction made when gold was $1,960 an ounce.
June 2024 - Week 2 Edition
Friday Brought Us Yet Another Silly Excuse to Sell Gold Based on “Good News”
To speculators and market amateurs, Friday might be termed a “bloodbath” for the metals but that isn’t reality and gold’s short-term drop was just a reaction to sensationalized headlines based on an over-hyped jobs report and profit-taking. Gold has since started to recover this week.
June 2024 - Week 1 Edition
Gold and Silver Still Affected by Profit-taking but Making Steady Upward Progress
As mentioned this past week, silver ran laps around gold and stocks in May and now that we have the complete monthly figures for the month, silver tailed off in the past week but still kept its commanding lead for the month (up nearly 15%) and year-to-date (up 27%).
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