As I write this, consumer and business confidence is plunging as the tech-heavy Nasdaq and broader-market S&P 500 stock indexes have fallen into correction territory, defined as a price decline of 10% off a peak, which for both indexes came only a month ago. The...
Rising Debt Levels Point to Higher Gold Prices
What are we to make of gold’s recent price fluctuations? I’m not concerned. Gold needs a little time to consolidate above $2,800/oz. before making an assault on $3,000/oz. That has been the pattern over the last year or so. First, it was $2,000/oz., then $2,300, then...
Why I Am Optimistic About Gold in 2025
“Well, Director Diehl, you were spot on with your gold price forecast last year. What does your crystal ball say about 2025?” First, I don’t have a crystal ball. I make my calls based on assessments of the forces that determine prices in the 21st-century market. Other...
Geopolitics and Other Forces Currently Boosting Gold Prices
After swinging around $2,650 per ounce early this fall, gold has risen by $100 in its relentless drive toward a new base of $2,700 per ounce. This has been the pattern of the current rally, which started with gold rising from $1,810/oz. to establish a new base at...
Where Is Gold Headed Under President Trump 2.0? (Part 2)
Click here to read the first part of U.S. Money Reserve President Diehl’s in-depth analysis. It’s quickly becoming clear that President-elect Trump is committed to enacting his major campaign promises, tariffs, tax cuts, and immigration policies. Wall Street and most...
Where Is Gold Headed Under President Trump 2.0?
A new day has dawned with a president-elect who promises wholesale changes in the way the nation manages its economy and its international affairs. What does this mean for those of us who hold gold or want to add gold to our portfolios? To answer that question, we...
Global Gold Supply Cannot Keep Up With Demand
Day after day, our clients have seen gold prices set new all-time records, giving them wealth appreciation never before seen in the modern history of the yellow metal. To sharpen this point: Over the last 12 months, the S&P 500 has risen 33%, the NASDAQ has...
The Forces Propelling Gold’s Extraordinary Rally
The spot price for gold has crossed $2,500/oz. for the first time in history, rising by $700/oz., or 40%, over the last 10 months. Gold prices have never before risen so far so fast. This leads me to two questions: Why? And will this rally continue? Prices are...
The Important Link Between Gold Mining and Gold Prices
As I write this morning, gold prices have yet again set new records, breaking $2,500/oz. During this extraordinary 10-month rally that began at $1,820/oz., most analysts have focused on the forces that have driven rising gold demand over this period. And rightly so;...
The “Operational Risks” Making Banks Vulnerable
News reports this week revealed that a confidential assessment by the Comptroller of the Currency—the OCC—a key U.S. bank regulator, found that 11 of the 22 biggest banks it oversees lack a full understanding of major risks they face. These 22 banks are a “Who’s Who”...
Gold Prices Rise on Good News and Bad News
Over the last nine months, gold has rallied by $600 per ounce. That’s a 33% increase in only nine months. Over that time, prices have repeatedly jumped on news, or speculation, that inflation was falling or that the Federal Reserve would soon cut interest...
Are High Interest Rates Still Reducing Inflation?
On June 12, 2024, Federal Reserve officials announced that the central bank had not yet seen enough progress on the inflation front to cut interest rates, and they lowered their projections for the number of rate cuts this year from two to one. This was big news...