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While the sports world talks about “super” things, investors are now focusing on the week ahead.
Gold did drop last week but the fall was cushioned by its brief rise at the end of the week. We have some analysis on this along with U.S. jobs data and how those numbers are creating more optimism with Biden’s stimulus plan.
Let’s dig in…

Latest News
Gold Rise Takes Sting Out of Week’s Overall Drop While U.S. Jobs Data Fuels Stimulus Optimism
Gold rose, trimming a weekly loss as the dollar weakened after disappointing U.S. payrolls data supported the case for more economic stimulus. The U.S. added half as many jobs as expected last month and December figures were revised lower, a U.S. government report showed Friday. The dollar fell for the first time in three days, increasing demand for bullion as an alternative asset. The labor report comes after the Senate voted to adopt a budget blueprint for President Joe Biden’s $1.9 trillion virus relief package. Gold has slumped this year, with progress on vaccines helping the outlook for a recovery from the coronavirus pandemic and diminishing the appeal of the metal as a haven. Investors are weighing that view against the possibility that further stimulus could weaken the dollar and boost consumer prices, with bullion often used as an inflation hedge.
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Commentary
[VIDEO] Precious Metal Distortions and the Inflation Debate
In this 17-minute MAMChat, Matterhorn principals Egon von Greyerz and Matthew Piepenburg discuss the “great inflation debate” and the ongoing as well as open secret of price manipulation in the paper gold & silver markets. Matthew addresses the key tailwinds behind the case for deflation as well as the unfolding trend toward inflationary conditions. Toward this end, he addresses the actual rather than distorted implications behind the CPI data as well as inflationary trends out of China’s supply chain. Ultimately, the inflation case centers around extreme currency creation from central banks, who are pivoting from direct lending to direct spending, all of which point toward increased money velocity and inevitable inflation.
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Economy
Sorting Out Negative Yields and Why Higher Prices Are Not Justified When Rates are Low
What is the purpose of currency? Currency is the medium by which an economy can transmit economic value between its agents and standardize the exchange of unlike items; that is, currency establishes a system that improves upon barter economics. In its truest sense, currency is a voucher of retained economic productivity. When a person does labor that brings economic value, or transfers items of economic value, the currency they receive serves as “verification” economic contributions have been accumulated or transferred to another party.
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Price
Yellow and Grey Metal Price Forecast
Gold prices have been unable to hold ground and the commodity has faced two consecutive weeks of declines after an attempted break higher in mid-January.
USD PICKS UP MOMENTUM - A few factors are believed to be the key drives of gold weakness. Firstly, the US Dollar has been able to pick up bullish momentum as macroeconomic data for the US has been improving, with the US Dollar index setting a base on the 6th of January at 89.16, hindering USD-denominated commodities like gold and silver.
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Economy
Silver Slumps While Oil Market Gets “Euphoric”
It has been another dramatic week across financial markets with global stocks trading near all-time highs as corporate profits rebound and central banks remain supportive amid the pandemic while in the US, President Biden is pushing to fast-track his stimulus package. All of this just one week after stock markets suffered a short, sharp correction in response to worries that the Reddit-inspired attack on shorted stocks and silver could destabilize the markets and trigger a dash-for-cash similar to what we experienced during the early stages of the 2020 pandemic.
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International
Gold Might be the Answer for Switzerland’s Failing Inflationist Experiment
Never mind that the US Treasury’s indictment late last year of Switzerland as a currency manipulator rested on some flawed evidence and does not identify the crime. The clash between Washington and Berne marks another episode in this alpine nation’s dark history of trucking with foreign repression rather than developing its potential as a global haven and beacon of freedom. Occasionally there have been bright interludes but none so far with respect to the last quarter century of growing monetary repression as led by the US and now prevalent throughout the world.
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Gold Silver Central

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