Category Archive: 6a) Gold & Monetary Metals
Abgedroschen: “Stärkung der Verteidigungsfähigkeit”
Viele Medienmitteilungen des VBS enden mit dem Versprechen, dass die rapportierte Aktion der “Stärkung der Verteidigungsfähigkeit” dient (Beispiele unten) – als ob man es extra erwähnen müsste. Oder ist dies nicht ein permanenter Auftrag an die Armee?
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Gold continues bearish tone on outlook for US interest rates
Gold rolls over after retesting key resistance as the outlook for US interest rates remains elevated. This keeps the opportunity cost of holding non-yielding Gold high, making it less attractive to investors. Gold (XAU/USD) trades a quarter of a percent lower on Tuesday after being rejected by key support-turned-resistance at $2,315 late Monday.
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Gold extends decline after US Nonfarm Payrolls beats expectations
Gold price declines after the release of US Nonfarm Payrolls data for May, shows a higher-than-expected change in employment and wages.
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Gold price remains on the defensive below 50-day SMA amid reviving USD demand
Gold price remains confined in a narrow band heading into the European session. Hawkish Fed expectations underpin the USD and act as a headwind for the metal. The downside seems limited ahead of the crucial US PCE Price Index on Thursday.
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Vermont Seeks to Become 44th State to Roll Back Sales Tax on Sound Money
(Montpelier, Vermont) – On the heels of overwhelming votes to remove all taxes from purchases of precious metals in Mississippi, legislators in Vermont have introduced a measure to curtail the controversial tax in their own state.
Introduced yesterday by Rep.
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Gold Market Isn’t Buying Powell’s ‘Disinflation’ Declaration
According to Federal Reserve chairman Jerome Powell, disinflation is now taking hold. Yes, the very same person who had to walk back his ridiculous pronouncements in 2021 and 2022 that inflation was "transitory" now wants us to believe that inflation is in the process of steadily declining.
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Wyoming Senate Votes to Hold, Invest, and Receive Tax Payments in Gold and Silver
Cheyenne, Wyoming, USA (February 2nd, 2023) – The Wyoming State Senate today voted 16-15, on a bipartisan basis, to pass a bill prompting the Wyoming state treasurer to hold gold and silver “specie” to protect the state – as well as establish a process to receive certain tax payments in specie.
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US Federal Reserve Sticks To The Script But For How Long?
Those watching the gold price and price of silver will have noticed the sharp uptick following the Federal Reserve’s announcement, yesterday. This was despite the Fed doing exactly what everyone expected them to do. For now, the Federal Reserve is sticking to its relatively well-telegraphed plan but how long will it be until they need to move the goalposts in order to do so?
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Legislators Seek Repeal of Wisconsin’s Controversial Sales Tax on Gold and Silver
Madison, Wisconsin - (February 4th, 2023) – A large bipartisan contingent of Wisconsin legislators seek to end Wisconsin’s controversial practice of levying sales tax on purchases of gold and silver. Senate Bill 33, primarily sponsored by Sen. Duey Strobel (R - Saukville) and Sen. Rachael Cabral-Guevara (R - Appleton), and cosponsored by Rep. Shae Sortwell, enjoys wide support – and would align Wisconsin with the policies of 42 other U.S. states....
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Gold Hits New All Time Highs
2023-11-02
by Dave Russell
2023-11-02
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