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7.18.25 - Is Silver on the Way to a New High?
Gold last traded at $3,351 an ounce. Silver at $38.25 an ounce.
EDITOR'S NOTE: Is silver on the way to a new high? I believe the answer is a resounding yes. It's hard to believe that roughly five short years ago–in 2020–silver reached an approximate low of $12 an ounce and today it is firmly trading in the mid $30 an ounce range; likely a brief pit stop on its way to $40 plus levels.
Is Silver on the Way to a New High? -Yahoo!Finance
by Andrew Hecht
A May 27, 2025, Barchart article on silver, I concluded with:
With silver over the $32 per ounce level, the critical upside target is the $37.58 technical resistance level. Silver’s relative value versus gold, the fundamental deficit, and the path of least resistance of silver prices since the 2020 low all point to a break above the resistance and a challenge of the 2011 and 1980 highs. However, buying on price weakness will likely remain optimal in the volatile silver market.
Nearby COMEX silver futures were at the $33.525 per ounce level on May 27. On July 8, my Q2 precious metals report on Barchart highlighted silver’s Q2 bullish key reversal pattern. I concluded with:
I remain bullish on the precious metals sector, but even the most aggressive bull markets rarely move in straight lines. Buying on price corrections has been optimal in gold since the 1999 low, and I expect that trend to continue in gold, silver, platinum, and palladium over the coming months.
Silver closed Q2 at $35.852 per ounce and was over the $38.50 level on July 18. Silver prices continue to make higher highs in July, with the price rising to a fourteen-year peak. READ MORE
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7.17.25 - Is Powell Out?
Gold last traded at $3,340 an ounce. Silver at $38.05 an ounce.
EDITOR'S NOTE: The continued strain between President Trump and Jerome Powell has all markets on edge. Gold prices experienced a slight spike on rumors of Powell's dismissal, and then pulled back when the President stated he had no intention of doing so. Either way, this is one of many factors, that add to the mountain of uncertainties, creating a real push for metals.
Gold pares gains after Trump shoots down talk of ousting Powell -Reuters
by Sarah Qureshi
July 16 (Reuters) - Gold prices jumped on Wednesday following news reports that U.S. President Donald Trump planned to fire Federal Reserve Chair Jerome Powell, but trimmed gains after Trump denied the claim.
Trump said he was not planning to fire Powell, but declined to rule anything out, citing an investigation into cost overruns on a $2.5-billion Fed renovation project.
Spot gold rose 1% to $3,354.01 per ounce, as of 0153 p.m. EDT (1753 GMT) after rising as much as 1.6% earlier.
U.S. gold futures settled 0.7% higher at $3,359.1.
"Headlines suggesting Trump was considering firing Powell drove gold prices higher... he later clarified it's highly unlikely. Gold markets were whipsawed by the back and forth," said Daniel Ghali, commodity strategist at TD Securities.
Israel launched powerful airstrikes in Damascus, damaging the Defence Ministry and striking near the presidential palace. The attack added to geopolitical worries and supported purchases of safe-haven gold.
On the trade front, the European Commission prepared to target $84.1 billion worth of U.S. goods for possible tariffs if trade talks with Washington fail after Trump threatened last week to impose 30% tariffs on imports from the EU. READ MORE
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7.16.25 - Bank of America Warns Dollar May Collapse
Gold last traded at $3,351 an ounce. Silver at $37.94 an ounce.
2 Ways Countries Are Quietly Breaking Up With the US Dollar -Watcher.Guru
This is an amusing headline, with not so amusing implications. Countries are "breaking up" with the dollar. The breakup is not one of those "it's not you, it's me" situations, the reasons for the split are quite valid.
by Juhi Mirza
The US dollar is currently losing ground as the American currency is stuck in a compulsive downward spiral. Battered heavily due to Trump’s tariffs and rising external pressure spurred by reduced dollar dependence of global nations, the currency that once stood tall is now being cast out, as reasons related to USD weaponization continue to hammer the dollar. Here are two ways through which the world is now shunning the US dollar, with the currency experiencing a dramatic value fall in the process.
The world is now shifting towards the local currency narrative, embracing the multipolar currency order in its complete sense. The world has now become brazen and has started to speak outright about the dollar and how the currency’s constant weaponization has started to impact global economies.
“Weaponizing the dollar delivers potent, low-cost leverage for U.S. policymakers, but its overuse is eroding the very network dominance that makes the tactic possible. Each new sanctions package nudges central banks, companies, and even allies to build parallel rails—whether in gold, local-currency swaps, or digital ledgers—chipping away at dollar primacy bit by bit”, as shared by Investopedia. READ MORE
Bank of America Warns Dollar May Collapse After 10.8% Plunge -Watcher.Guru
The dollar has fallen nearly 10% year to date and, according to Bank of America, there could be worse to come. The de-dollarization efforts–along with mounting financial uncertainties–are causing investors to look for safer alternatives to the US dollar.
by Vladimir Popescu
The US Dollar’s collapse warning from Bank of America comes as the dollar actually suffers a dramatic 9% year-to-date decline, which is triggering concerns about currency stability right now. The Bank of America prediction highlights growing global trade uncertainty and also mounting investor anxiety over trade policy impacts. This US Dollar collapse warning reflects broader concerns about de-dollarization trends and potential global financial instability that are being felt across markets.
The de-dollarization trend has actually accelerated as Bank of America reported neutral dollar flows amid global trade uncertainty. This shift represents a significant change from the dollar’s traditional safe-haven status, with real money investors showing mixed sentiment toward the greenback at the time of writing.
Bank of America analysts stated:
“Bank of America reported that its proprietary dollar flows have turned neutral amid growing global trade uncertainty and unclear consequences for the greenback following recent post–Liberation Day developments.” READ MORE
Falling US Dollar Could Trigger ‘Full Bubble Cycle’ in Risk Assets, According to Ex-Goldman Sachs Exec Raoul Pal -The Daily Hodl
As the dollar continues to fall, there are some who believe it could create a more bullish opportunity for higher risk assets. A robust market is good, a bubble market is not so good. A bubble is what an ex-Goldman Sachs executive sees coming down the pike.
by Mark Emem
Macroeconomics expert Raoul Pal says risk assets could witness massive eruptions if the US dollar continues to weaken.
In a new video, Pal tells his 242,000 YouTube subscribers that if the US dollar index (DXY) falls further amid an improving business cycle, risk assets such as stocks and crypto could experience an extended bullish phase.
“So what happens is when the business cycle picks up, there’s more disposable income and businesses have more investment income and that gets driven out of the risk curve always…
And I think the inverse to the business cycle being so low for so long will be the flip side of the cycle will be longer than people expected because we’ve got this slight dislocation still working through post-Covid that then extends the business cycle…
But if financial conditions keep moving, if they really have done some sort of Mar-a-Lago Accord, and they get the dollar [DXY] below 90. Okay, then we’re going on further and yeah, maybe it’s a full bubble cycle then.”
The DXY, a measure of the value of the dollar relative to a basket of six other leading currencies from major economies, is currently at 98. READ MORE
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7.15.25 - Here's the inflation breakdown for June
Gold last traded at $3,325 an ounce. Silver at $37.71 an ounce.
EDITOR'S NOTE: Price inflation is still with us; and will continue to be as the tariff wars continue. The chart contained within will show you exactly how inflation is affecting some of the core categories.
Here’s the inflation breakdown for June 2025 — in one chart -CNBC
by Jessica Dickler
The annual inflation rate ticked higher in June, in line with expectations, as lower prices at the gasoline pump somewhat offset higher prices at the grocery store.
Economists said they expect the full impact from the Trump administration’s tariff agenda to raise consumer prices more in the months ahead — but they said trade policies have already started to noticeably affect inflation.
The consumer price index, a key inflation barometer, rose 2.7% in the 12 months through June, up from 2.4% in May, the Bureau of Labor Statistics said Tuesday.
President Donald Trump’s tariffs continue to work their way through the U.S. economy, even as the risk of further escalation grows.
Trump announced Saturday that the U.S. will impose 30% tariffs on the European Union and Mexico starting Aug. 1. On Monday, Trump threatened to impose “secondary tariffs” on Russia’s trade partners, “at about 100%.”
Tariffs are a tax on imports from foreign nations, paid by U.S. companies that import the good or service. Businesses negatively affected are expected to pass on at least some of that additional cost to consumers through higher prices. READ MORE
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7.14.25 - Silver Extends Surge to Almost 14-Year High
Gold last traded at $3,344 an ounce. Silver at $38.25 an ounce.
EDITOR'S NOTE: Silver continues its climb on tightening supply and investor demand, as many seek alternatives to volatile markets. The gold market continues to rally as well, drawing attention to silver as a less expensive alternative.
Silver Extends Surge to Almost 14-Year High on Tight Market -Yahoo!Finance
by Yihui Xie and Sybilla Gross
(Bloomberg) -- Silver climbed close to a 14-year high as investors sought alternatives to a near-record gold price, with increased demand tightening physical supply.
Spot silver rose as much as 1.9% on Monday, topping $39 an ounce, following last week’s 4% rally. The implied annualized cost of borrowing the metal for one month has jumped to more than 6%, compared with the typical rate near zero.
The expanding appetite for the metal has left the physical market under strain in London, where most silver is held by exchange-traded funds — meaning it isn’t available to lend or buy. Since February, the volume of silver-backed ETFs has expanded by some 2,570 tons, according data compiled by Bloomberg.
Silver’s outperformance relative to gold means that the ratio between the two has dropped in recent months, though silver still remains relatively cheap historically. It currently takes about 86 ounces of silver to buy an ounce of gold, compared with a 10-year average of 80. READ MORE
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7.11.25 - Silver Rises to Highest Since 2011
Gold last traded at $3,356 an ounce. Silver at $38.47 an ounce.
EDITOR'S NOTE: Silver is making headlines and smashing price levels again; this time breaking through its most recent high from 2011. According to many, this is just the beginning of even greater gains to come. If you haven't taken advantage of our Walking Liberty Half introductory offer yet, you should do so today. Rock-bottom pricing for a limited time.* Call today!
Silver Rises to Highest Since 2011 as US Premiums Grow -Yahoo!Finance
by Jack Ryan
(Bloomberg) -- Silver jumped to its highest level since 2011, as US premiums rise and the spot London market shows signs of tightness.
Silver rose 1.6% to $37.59 an ounce, the most since September 2011. US silver futures climbed even higher, with September contracts hitting $38.46 an ounce. Such a wide price gap is unusual, as it is typically eliminated quickly through arbitrage.
Silver last experienced a price dislocation between its two major markets at the beginning of the year, when the prospect of US tariffs on silver imports drove US futures prices higher. The arbitrage opportunity also pushed leases up, as traders looked to secure metal for shipment to Comex-linked warehouses in New York. The rush to move silver ended abruptly once the White House confirmed that bullion would not be exempt from the levies. READ MORE
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7.10.25 - Visualizing The State Of Freedom Around The World
Gold last traded at $3,324 an ounce. Silver at $37.07 an ounce.
EDITOR'S NOTE: The deterioration of personal freedom in our country has been a very common discussion for years. This graphic, and the accompanying list, shows where we land amongst the nations of the globe. Do you agree with this assessment?
Visualizing The State Of Freedom Around The World -ZeroHedge
by Tyler Durden
In 2024, 60 countries saw their freedom decline in a historic election year.
Strikingly, 40% of countries and territories that held elections experienced targeted attacks on candidates amid heightened instability.
Yet bright spots were seen in Bangladesh, Bhutan, and Syria, driven by political reform.
This graphic, via Visual Capitalist's Dorothy Neufeld, shows the state of freedom by country, based on data from Freedom House.
For the 19th year in a row, the state of freedom declined globally.
In particular, freedom declined the most in 2024 for El Salvador, Haiti, and Kuwait. In absolute terms, the Gaza Strip and the Russian-occupied territories of Ukraine have among the lowest scores of freedom amid ongoing, violent conflict. READ MORE
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7.9.25 - Economic Crisis Ahead? 64% of CEOs Say Yes
Gold last traded at $3,320 an ounce. Silver at $36.39 an ounce.
Copper now costs way more in the U.S. than elsewhere. This could hit its economy hard -CNBC
The trade wars have delivered a huge blow to those who buy copper in the US, with a 50% tariff now imposed on the metal. With copper's many industrial and manufacturing uses, this could trickle down to the consumer quickly.
by Jenni Reid
The cost of copper for U.S. buyers has rocketed after President Donald Trump said he would impose a 50% tariff on imports of the metal.
It means that already elevated prices are now even higher in the U.S. than elsewhere — and analysts warned of a hit to businesses and the wider U.S. economy as a result.
The U.S. imports just under half of its copper, which is used in products ranging from machinery, electronics and household goods to housing and infrastructure projects. Trump’s stated ambition is to increase domestic production, but experts say this will take years to ramp up and decades to fully meet demand — at a massive up-front investment cost.
Traders have been poised for a presidential announcement on copper duties since February, leading to major shifts in inventories away from Europe and Asia and into the U.S.
However, the rate and timing was unclear — and market participants say they remain so, given the ambiguity in official messaging this week, potential room for exemptions to be negotiated, and recent examples of swift policy changes from the White House. Commerce Secretary Howard Lutnick told CNBC Tuesday the duties would likely be implemented at “the end of July, maybe August 1.” READ MORE
Economic Crisis Ahead? 64% of CEOs Say Yes -Watcher.Guru
The CEO confidence index on the future of the economy is not looking so confident. 64% of CEOs believe that the next six months will see a deterioration of current economic conditions.
by Juhi Mirza
The US economy is currently battling troubled waters as the nation continues to combat rising US debt tensions and inflation. At the same time, rising fears of recession are also gnawing at the US, making things harder for the nation to comply with and deal with. Moreover, Trump’s “renewed” tariff regimes have once again sparked fears of a possible trade spat with global economies, making things worse for the dollar and America’s economic future. In addition to this, the CEO sentiment is now also confirming this change, with the majority of CEOs predicting a bleak economic future for the US economy. Is the US brewing a new economic crisis ahead?
CEO sentiment, or a CEO confidence index, primarily measures the perceptions of CEOs and business entrepreneurs towards their respective economies. The index also measures the expectations that the CEOs have about the future economic conditions of a nation. This index has now started to show a wobbly stance, with nearly 64% of the CEOs projecting a weak economic future for America.
The CEO confidence index is now displaying a striking detail, adding how the majority of the CEOs believe that the US economy may worsen in the next 6 months. READ MORE
Wall Street Bets On 3 Currencies To Topple The US Dollar -Watcher.Guru
It looks like Wall Street is the latest to start betting against the dollar. Forex traders are opening long positions on what they believe to be the three most eligible currencies to replace the dollar. A couple may surprise you.
by Juhi Mirza
Forex traders have now started to short US dollars, playing on expectations underlining the prolonged weakness of the USD. This development has now led traders to bet big on new currency competitors, the ones that have remained underground for long but have now started to lead the economic world as the US dollar continues to weaken. If the aforementioned trend continues, these three currencies may very well end up toppling the US dollar.
The Wall Street traders are getting lucrative, busy shorting the US dollar. At the same time, these traders have now opened long positions on the euro, all while exploring new currency competitors that can help them secure stable profits. The US dollar’s plunge in recent times has shaken investor sentiment, leading them to explore alternatives in its wake. Per the recent SCMP report, traders are now betting big on the Australian dollar, Chinese yuan, and South Korean won to emerge as top competitors able to challenge the USD dominance. The investors are expecting this trifecta to gain confidence in the future as the US dollar continues to weaken due to Trump’s aggressive tariff policies. READ MORE
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7.8.25 - US Targets 50+ Nations in BRICS Tariff Threat
Gold last traded at $3,301 an ounce. Silver at $36.75 an ounce.
EDITOR'S NOTE: Trump continues his fight to protect the US dollar; as BRICS-aligned nations continue to push back equally hard. If there's any truth to the notion of there being strength in numbers, President Trump definitely has his hands full as the list of BRICS nations continue to grow. It also doesn't help that BRICS was already full steam ahead well before the president took office.
Lula Defies Trump as US Targets 50+ Nations in BRICS Tariff Threat -Watcher.Guru
by Loredana Harsana
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| {Source: EAI} |
The latest BRICS tariff from Trump controversy erupted when the US president threatened that retaliatory tariffs against nations would face consequences if they align with BRICS policies. This announcement came after the bloc’s leaders condemned recent military actions against Iran and also expressed concerns about rising global trade tensions.
At the time of writing, Trump’s administration has been preparing to finalize dozens of trade deals with various countries. According to sources familiar with the matter, the administration won’t immediately impose the additional 10% tariff but will proceed if individual countries adopt policies deemed “anti-American.”
Trump wrote in a post:
“Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy. Thank you for your attention to this matter!” READ MORE
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7.7.25 - US Dollar Witnesses Worst Performance in 52 Years
Gold last traded at $3,343 an ounce. Silver at $36.78 an ounce.
EDITOR'S NOTE: The dollar has been getting a lot of negative attention this year given the tariff wars, de-dollarization efforts by BRICS nations, and central banks unloading dollars and replacing them with assets such as gold. If you find yourself wondering just how bad it's been going for the dollar, read on.
US Dollar Witnesses Worst First-Half Performance in 52 Years As Money Supply Explodes To $21,942,000,000,000 -The Daily Hodl
by Henry Kanapi
The US dollar index (DXY) has suffered its steepest first-half decline in over half a century amid new all-time high levels for the country’s money supply.
The DXY witnessed a 10.8% drop in the first six months of 2025, the worst since its 14.8% decline in the first half of 1973, back when Richard Nixon was the country’s president, reports Bloomberg.
The dollar dumping comes as the US money supply has exploded to a new record high.
The latest data from the Federal Reserve Bank of St. Louis (FRED) shows that M2, which tracks the total amount of readily available money circulating in the US financial system, stood at $21.942 trillion as of May 2025, shattering its previous peak of $21.749 trillion recorded in April 2022.
As the amount of money surges in the country, JPMorgan’s co-head of global FX strategy, Meera Chandan, says that the second half of the year will likely not be better for the American currency. READ MORE
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