Kitco News kicks off the week with Gary Wagner to find out what he makes of gold's recent price movements. He says that although there is evidence that we might be entering a 2-year long gold 'supercycle,' he still needs proof from market technicals before he is 100% sure. While Wagner is optimistic about the yellow metal, he does not have the same conviction on silver. Tune in now to his analysis as he gives a macro view for the yellow metal. Kitco News, March 17, 2014.
When the U.S. was locked into a severe winter from December through February (heck, the East Coast is actually getting hammered again today) economic activity was squelched. All the things you can imagine working toward that suppression of activity indeed went on.
Poor consumer consumption, bad transportation problems, the flow of raw materials and a spike in demand for heating oil but a decline in gasoline use typified the weather-related slump. The constant tattoo of weather reports didn't help, either. It actually made people in sunny climes cut their spending!
Perhaps anticipating... Read more
AFTER THE SHOW contains a portion from the Weekend Review (3.14.14)
We are all aware by now of the fact that the shrill dispute in the Ukraine/Crimea is driving gold prices higher. Today silver grabbed some of the same luster, after having had a rugged handful of sessions on a drop in industrial demand from China.
We discussed during the week how it is not the threat of an actual war hat is boosting precious metals, but rather the tightening of the noose around Russia's neck that sanctions and their aftermath will bring. Russia has a fair amount of foreign reserves to cover short term issues - not quite $500 billion.
However, a country as big and as... Read more