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As he has tried to reestablish the American economic system at home, President Trump has concomitantly tried to break up the world’s hidebound alliances that have fixed grievances that must be perennially fought over. Iran, of course, didn’t get the memo. Apparently it spent too much money on uranium enrichment, missiles, drones, proxy forces, and […]
Magician’s Sleight of Hand This week, HAI is coming to you from the Rule Symposium in sunny (and ridiculously hot) south Florida. It’s been a long and productive week, spent with many macro thinkers and mining company CEOs. As always, HAI would like to thank Rick Rule for putting on another splendid conference. That said, […]
Gold spent this week doing something it is not supposed to do. Bond yields spiked. The dollar climbed back over 101. Oil surged on renewed Iranian escalation. And gold finished the week higher anyway. Silver, meanwhile, went the other direction, pushing the gold–silver ratio back to 70:1. Let’s take a look at where prices stand […]
Quiet summer markets may offer one of the best opportunities to steadily accumulate gold and silver. China imported 692 tonnes of gold during the first five months of the year, a 76% increase over last year. Meanwhile, Samsung shares are taking a hit as momentum in the semiconductor sector begins to fade. With strong-handed buyers […]
Unsurprisingly, events remain interesting and uncertain. Trump’s and Bessent’s attempt to reestablish the American System is spawning ever more radical opposition, which perhaps surprisingly has a long record of “success.” People engaged in everyday pursuits do in fact grow extremely weary of a constant harangue, and then often vote against their own interests just to […]
The Invisible Hand This holiday-shortened week saw some welcome stabilization of the recent decline in precious metals. There’s been little comfort in the precious metals sector of late, but this week the U.S. labor market offered some. According to the Labor Department’s closely watched employment report on Thursday, U.S. job growth slowed more than expected […]
Metals bounced back this week after a brutal second quarter, with gold pushing back above the $4,000 mark and silver flirting with $60 again. While the last three months delivered the worst quarterly performance in over a decade, the bigger picture — and the technical setup — still favors patient accumulators. Let’s take a look […]
This week on the McAlvany Weekly Commentary, David McAlvany looks at the growing use of the Chinese yuan in world trade and why that trend may be bullish for gold. As more countries look for alternatives to the dollar, gold recycling may begin to matter more than dollar recycling. They also discuss whether AI can […]
