TRUE BORN SONS OF LIBERTY: gold

Showing posts with label gold. Show all posts

Saturday, February 14, 2026

Gold up 16.75% ytd, silver up 8.11%

Saturday, February 7, 2026

Silver and gold remain up year-to-date

Tuesday, February 3, 2026

Yes, the dollar weakened in January 2026, but within a big picture environment of a strong dollar not a weak dollar

The nominal broad U.S. Dollar Index last averaged below 120 in December 2023.

Gold and silver climbed to all time highs in January 2026, defying the standard narrative that precious metals are the haven of choice when the dollar is weak.

117.89 on Jan 30th

119.22 average in Jan 2026

Gold and silver rebound but remain well off their highs, about -12% for gold, almost -29% for silver

Gold and silver bugs view it as a buying opportunity.

Gold and silver rebound, pulling global mining stocks and precious metal ETFs higher

... Spot gold was last up about 5.5% to $4,921.29 per ounce. Gold futures in New York gained more than 6%, hovering at around $4,936.60 as of 4:48 a.m. ET.

Spot silver rose over 9% to settle at around $86.70 per ounce. Silver futures in New York were up 12% at $86.49. ...

Gold had hit a record high of $5,594.82 on Thursday January 29th, silver hit a record high of $121.64 the same day.

Friday, January 30, 2026

The real reason Trump appointed Warsh to Fed Chair

Trump needs cheaper gold for The Ballroom.

Gold bug Peter Schiff's problem is that gold represented at best only about 18% of the value of total global international reserves, and that was yesterday before gold started this price plunge

"The dollar is going to collapse", he said.

"The dollar is going to be replaced by gold", he said.

Central banks "are getting rid of dollars", he said.

"They're getting rid of treasuries", he said.

None of that is true.

The nominal broad dollar index remains relatively strong.

Even foreign official ownership of treasuries is up slightly year over year, shifting slightly from long dated securities to short, while total foreign ownership is up solidly.

Meanwhile fiat currencies represented about 78% of the value of total global international reserves yesterday. The U.S. Dollar alone represented about 55% of the value, followed by the Euro close to 20%.

Gold is not going to replace the dollar.

But Peter will be happy to sell you some, especially today lol.

Gold had hit a record high of $5,594.82 on Thursday January 29th, silver hit a record high of $121.64 also on Thursday, and platinum hit its record high on Monday at $2,918.80

-- Reuters

Gold and silver plunge after Trump picks more pragmatic Kevin Warsh to head the Fed over dove Kevin Hassett

Gold and Silver tumble as Trump’s Fed Chair pick Warsh seen as preserving central bank independence

... Claudio Wewel, FX strategist at J. Safra Sarasin Sustainable Asset Management, told CNBC’s “Squawk Box Europe” on Friday that a “perfect storm” of geopolitical tensions had helped precious metals move higher this year, pointing to the U.S. capture of Venezuelan President Nicolas Maduro and Washington’s threats to use military force in Greenland and Iran.

More recently, he said, speculation over who would be nominated as the next Fed chair had been influencing metal markets.

“The market has clearly been pricing the risk of a much more dovish contender, that’s been largely helping the gold price along with other precious metal prices. Over the last 24 hours, the news flow has changed a little bit,” Wewel said, prior to Trump’s announcement. ...