Precious Metals News and Analysis

 

Central Banks on Buying Spree

Central Banks on Buying Spree Central banks are buying more gold than any year since 1964. Why do central banks buy gold?  Because they know that gold is the only protection for their reserve deposits against the relentless printing of all world currencies, including their own. Now,

Read more

Gold and the Wedge

Gold and the Wedge Gold looks set to yet again take on the lower boundary of resistance just above 1520.  It would be good at this point to break 1600 -1620 – 1640. This will then cement in place the prior low on May 17th and more

Read more

My #1 Biggest Mistake

My #1 Biggest Mistake The one mistake, that I have made more than once, was being hesitant to buy when the market was down.  Take for instance in 2008 when silver fell from essentially $20 to $9 (see chart below).  Candidly, I was eager to buy at

Read more