by Chris Marcus, Silver Seek:
The precious metals history continued, as the gold futures are now up $119, and have not only crossed the $5,000 mark, but also the $5,100 mark, to $5,136 (although part of that increase is also the switch to the April contract), while spot silver (XAG/USD in the chart below) is up another $9.89, and the silver futures (which settle before trading completes for the day) are up $11.47 to $112.77.
by Graham Summers, Activist Post:
I want to talk to you about what is happening with silver today.
As you no doubt are aware, silver has gone parabolic, rising from $45 per ounce at the end of October to over $85 per ounce today. Throughout that period, the precious metal has had only two significant down days!
Now, obviously there are multiple fundamental reasons for this move. As I’ve noted, the current macro backdrop is EXTREMELY bullish for risk assets, specifically inflation hedges.
by Frank Holmes, Gold Seek:
Strengths
by Michael Snyder, The Economic Collapse Blog:
You can throw out all of the old rules, because they simply don’t apply anymore. The dominance of western financial institutions is faltering, and cracks in the system are starting to show up all over the place. They can’t keep the price of silver from exploding, they can’t stop the price of gold from relentlessly marching upward, they can’t stop the extremely alarming decline of the U.S. dollar, and they can’t stop debt levels from soaring into the stratosphere. The stability that the global financial system has known since the end of World War II is dissipating right in front of our eyes, and that should chill you to the core.
from Birch Gold Group:
Gold is closing in on $5,000, and even longtime skeptics now admit the real story is currency decay. Meanwhile, mainstream investment house VanEck asks an interesting question: What is gold really worth if money breaks?
Your News to Know rounds up the most important developments in precious metals and the broader economy. This week, we’ll discuss:
by Hubert Moolman, Silver Seek:
Even at close to $100 an ounce, silver is still a must-buy. Here is why:
Buying silver today with US dollars is a lot like buying silver in 1972. Below, is a chart that shows the silver price relative to the monetary base (currency in circulation plus reserve balances):
