|
|
|
|
|
|
|
October's Top Five News Stories
|
|
|
Money Metals strives to provide
readers and customers with the most up-to-date, high-quality news, commentary, and
analysis relating to precious metals.
|
|
|
As a leading source for
gold and silver news, we are proud to reach millions of readers annually with
comprehensive insights into market trends, geopolitical developments, and
legislative changes impacting precious metals.
|
|
|
|
|
|
|
|
Jesse Colombo discusses the
significant breakout in silver prices, which he believes marks the beginning of a
historic bull market.
He highlights how silver surged nearly
7%, decisively closing above the critical resistance level of $32.50, accompanied
by unusually high trading volume. This move not only fulfilled the criteria he had
set for confirming a new phase in silver's rally but also suggests the onset of a
silver squeeze due to heavy short positions.
Colombo also points to the robust
fundamentals supporting silver, including industrial demand outstripping supply,
leading to a structural deficit.
His analysis, which includes technical
indicators like the gold-to-silver ratio and the potential for a short squeeze,
paints a picture of silver poised for substantial gains, potentially reaching $50
or even higher in the near term.
|
|
|
|
|
Mike Maharrey warns of the declining
status of the U.S. dollar as the world's reserve currency, pointing to two major
threats: the weaponization of the dollar through sanctions, which has prompted
countries to diversify away from dollar reserves, and the U.S.'s fiscal
irresponsibility, evidenced by record budget deficits and rising national debt.
|
|
|
Maharrey highlights a
symbolic moment where the Treasury Department seal fell during a press conference,
suggesting an omen for the dollar's future.
He discusses potential
economic consequences like inflation or hyperinflation if de-dollarization
continues, and advises considering alternatives like precious metals to hedge
against dollar devaluation.
|
|
|
|
|
|
In this article, Mike Maharrey
highlights that gold has surpassed its inflation-adjusted price high set in
January 1980, reaching over $2,700 per ounce, marking a significant "real" price
record.
He discusses the historical context of
gold prices, noting past peaks and the Federal Reserve's influence, particularly
through high interest rates in the 1980s. Maharrey also points to a bullish cup
and handle pattern in gold's long-term pricing, suggesting potential for further
growth.
Additionally, he addresses silver's
performance, indicating it remains undervalued compared to gold with substantial
room for price increase, supported by a similar technical pattern and market
fundamentals like supply deficits.
His analysis suggests both metals,
especially silver, could see significant price appreciation, positioning them as
strong hedges against inflation.
|
|
|
|
|
Noted silver bull Peter Krauth
anticipates a correction in silver and gold prices despite the bullish long-term
outlook. He points to recent price movements and speculator sentiment as
indicators for a potential pullback, with silver possibly revisiting the $28
level.
|
|
|
However, Krauth highlights
positive medium to long-term fundamentals for silver, including robust demand from
ETFs, Chinese industrial sectors, and increasing mainstream analyst optimism, like
Citibank's bullish forecasts.
These factors suggest a
strong fundamental case for silver, even as he sees contrarian signals for a
near-term price correction.
|
|
|
|
|
|
Money Metals announced the opening of
its state-of-the-art 37,000-square-foot vault and fulfillment facility in Eagle,
Idaho, significantly larger than the U.S. Bullion Depository at Fort Knox.
Further reinforcing Money Metals'
place at the top of the industry, this $28 million high-security depository offers
secure precious metals storage with cutting-edge technology and armed security,
serving individuals, institutions, and governments worldwide.
Containing the largest Class 3 vaults
in North America, Money Metals Depository can even be expanded further, pointing
to the growing demand for physical gold and silver storage in the U.S.
|
|
|
|
|
|
|
|
|
|
This copyrighted material may not
be republished without express permission. Offer only available through email
promotion. Offer does not apply to previous orders and may not be combined with
any other offer or program. Special shipping rates or other restrictions may apply
to international orders. The information presented here is for general educational
purposes only. Money Metals Exchange and its staff do not act as personal
investment advisors. Nor do we advocate the purchase or sale of any regulated
security listed on any exchange for any specific individual. While our track
record is excellent, investment markets have inherent risks and there can be no
assurance of future profits. You are responsible for your investment decisions,
and they should be made in consultation with your own advisors. By purchasing from
Money Metals, you understand our company is not responsible for any losses caused
by your investment decisions, nor do we have any claim to any market gains you may
enjoy. Money Metals Exchange is not a regulated trading ???exchange??? as defined by
the CFTC and the SEC.
|
|
|
