This compilation of financial insights includes videos from Arcadia Economics, Bix Weir, Rons Basement, and Finance Log.
Andy Schectman joins Arcadia Economics to discuss Silver Eagle premiums ticking higher again and ASE margins explained. Bix Weir talks about the Golden Ratio Number. Ron talks about what could happen to gold and silver with BRICS. Gary Savage joins Finance Log to discuss the biggest moment for gold and silver in 2023.
Premiered Aug 15, 2023
There’s been a large drop in the American #Silver Eagle premiums this year following last year’s spike that left eagles selling for over $16 above spot price. Although with the premium dropping significantly in recent months, that’s led to large demand at the lower price, and now the premium is rising slightly again.
And with the silver eagles being one of the most popular silver products, there have been a lot of questions about who is getting the bulk of the profit when the premiums are as high as they were a few months ago. So in today’s call, in addition to updating us on the latest movement in premiums, Andy Shectman of Miles Franklin explains how the silver eagle supply chain works, how premiums got as high as they did, and whether it was a matter of retail dealers ‘gouging’ their customers.
Andy also talks about a significant change in the CFTC’s COT report, which details the positioning of the larger trading groups in the COMEX futures market, and had some positive news in regards to whether the brunt of the selloff in the silver market has been completed for this round.
So to hear the latest information on the conditions in the physical silver market, click to watch this video now!
Aug 15, 2023
What SHOULD the Gold-to-Silver ratio be? Going back 3,000 years the G/S ratio was set by Authoritarian Rule. It was a Mandated Ratio and the We the People accepted it because we trusted our leaders judgement. As we wake up to the abuse our leaders have been subjecting us to we will throw off these controllers and STOP accepting their commandments. So then what WOULD the Natural Gold/Silver Ratio be? Is there a Ratio we find present in Nature to lead us forward? YES! It’s known as the Golden Ratio with the Golden Number being 1.618-to-1!!
Aug 15, 2023
Uncover the Intriguing Future of Precious Metals! The BRICS Alliance has sent shockwaves through the financial world, leaving everyone wondering: what’s in store for the prices of silver and gold? While a gold-backed currency might not be on the immediate horizon, experts agree that it’s a tantalizing possibility down the road. With a staggering 75% of the global population now tied to the BRICS nations, their affinity for precious metals like silver and gold cannot be underestimated. Discover how India’s and China’s love for silver and gold bullion is shaping the market, and keep a close eye on the central banks of BRICS countries as they swiftly amass gold reserves. Join us in decoding the BRICD Alliance’s impact on the future of these valuable commodities and how you can navigate this dynamic landscape. Don’t miss out – hit that play button and stay ahead in the precious metals game!
Aug 15, 2023
Gold and silver prices were modestly down in quieter early U.S. trading on Monday, hitting six-week lows overnight. Gold and silver bulls remain cautious as U.S. Treasury bond yields have risen, and the U.S. dollar has been appreciating on the foreign exchange markets. Despite the current lows in gold price, Gary Savage, a precious metals analyst, predicts that if gold reaches the 2090 level, ideally around week 10 of the intermediate cycle, there is potential for a sustained breakout. Regarding silver, the renowned analyst believes that once silver breaks out above the $30 resistance level, it could have a clear path to $50, with sustained moves more likely if the breakout occurs earlier in the intermediate cycle.
The price of gold is declining toward the crucial support of $1,900 amid sheer strength in the U.S. Dollar. This is even though the Federal Reserve is expected to keep interest rates unchanged in September. Looking at the weekly chart, Savage highlights the intermediate cycle low around the end of June and speculates the potential for a lower low. However, he emphasizes a hopeful scenario where gold recovers, maintains above a 10-week moving average, and tests all-time highs within the next few weeks. This would increase the likelihood of a successful breakout and sustained upward movement.
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