[Some excerpts from the latest issue of the Weekend Update in the
subscribers section of the website.]
It was another interesting week for gold and silver markets as
chronicled on Friday in Did Anything
Change This Week For Precious Metals Markets?
With a bit more time to ponder the subject, it seems the question posed in
that title can be answered a bit more definitively now.
Yes – something did
change last week in precious metals markets.
In short, recent economic data has revealed how fragile the U.S.
economy is and this makes
it far less likely that the Federal Reserve will stop printing money or start
raising interest rates anytime soon. As investors watch the
Fed’s balance sheet rise in the months ahead and wonder what elected
officials in Washington will do about the nation’s intractable debt troubles
without choking off the recovery, investor interest is sure to return to
That’s the message that can be gleaned from the surprise drop in
fourth quarter economic growth and the increase in the unemployment rate,
though there were also a few other notable events in precious metals markets
last week including record coin sales, central bank buying, and developments
It seemed constructive to look at the gold price alongside the combination of
rising U.S. debt and increased central bank money printing and the result is
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