Metals Market Reports
Metals Market Reports
Federal FY 2024 Ends Monday – With $2 Trillion in Red Ink! Does Congress Care? Does Either Candidate Care? Do the Voters Care?
September 2024 - Week 4 Edition
September 2024 - Week 4 Edition Federal FY 2024 Ends Monday – With $2 Trillion in Red Ink! Does Congress Care? Does Either Candidate Care? Do the Voters Care? The federal government’s fiscal year (FY) starts on October 1st and ends September 30th, next Monday. Through August 31st of this year, after a horrendous $383 billion deficit in August, the FY 2024 federal deficit...
Gold Tops $2,600 and Silver Surpasses $31: What’s the New Story (If Any)?
September 2024 - Week 3 Edition
September 2024 - Week 3 Edition Gold Tops $2,600 and Silver Surpasses $31: What’s the New Story (If Any)? Gold Tops $2,600 and Silver Surpasses $31: What’s the New Story (If Any)? Gold topped $2,600 at the start of this week, most likely in anticipation of the first Federal Reserve interest rate cut on Wednesday, September 18. It bounced around $2,600 before holding about...
Gold Passes Euro As Second-Biggest Central Bank Holding - Behind Only the U.S. Dollar
September 2024 - Week 2 Edition
September 2024 - Week 2 Edition September is Strongest Month for Gold, Weakest for Stocks We’ve seen a tumbling stock market so far in September, plus a strong recovery for gold this week. This is par for the course in September, the weakest month of the year, historically, for stocks over the last century, while it is usually the strongest month for gold. That’s...
August Market Review and Year-to-Date Metals Performance
September 2024 - Week 1 Edition
September 2024 - Week 1 Edition College Football Season Begins – With a Golden Coin Flip! The 2024 college football season began over the Labor Day weekend and the NFL regular season begins this Thursday and I am reminded of my part in the 2023 college football season in the long-running rivalry between McNeese State University (my alma mater) and Lamar University, the leading...