Mike Maharrey

1 day ago | fxstreet.com | Mike Maharrey

For the first time in five months, gold-backed ETFs globally reported modest outflows in May as investors took profits. After charting the largest inflows of gold since August 2022 in April, gold-backed ETFs globally reported modest outflows of 19 tonnes totaling $1.8 billion last month. A combination of gold outflows and a moderating gold price pushed total assets under management (AUM) by ETFs to fall 1 percent to $347 billion.

1 day ago | fxstreet.com | Mike Maharrey

Central banks have been aggressively adding gold to their reserves over the last three years, and several African banks are poised to join the party. On net, central banks officially increased their gold holdings by 1,044.6 tonnes in 2024. It was the 15th consecutive year of expanding gold reserves. Last year was the third-largest expansion of central bank gold reserves on record, coming in just 6.2 tonnes lower than in 2023 and 91 tonnes lower than the all-time high set in 2022. (1,136 tonnes).

1 day ago | silverseek.com | Ted Butler |Mike Maharrey

Silver has cracked a key resistance level, and Rich Dad Poor Dad author Robert Kiyosaki called the white metal “the biggest bargain today.” Silver was up 5.3 percent on Monday, the biggest gain in eight months. And on Wednesday, the white metal surged above $36 an ounce in early trading. The last time we saw $36 silver was in 2011, when it was on its way to a record high near $50 an ounce.   Over the last year, $35 has stood as a significant resistance level for silver.

2 days ago | fxstreet.com | Mike Maharrey

Silver has cracked a key resistance level, and Rich Dad Poor Dad author Robert Kiyosaki called the white metal “the biggest bargain today.”Silver was up 5.3 percent on Monday, the biggest gain in eight months. And on Wednesday, the white metal surged above $36 an ounce in early trading. The last time we saw $36 silver was in 2011, when it was on its way to a record high near $50 an ounce.  Over the last year, $35 has stood as a significant resistance level for silver.

2 days ago | fxstreet.com | Mike Maharrey

Incentives matter. Policymakers ignore this axiom at their own risk. The U.S. government’s weaponization of the dollar has made many countries wary of holding greenbacks, and we’ve seen an accelerating de-dollarization over the last few years. Now the U.S. government has weaponized trade. Many countries have responded by positioning themselves to minimize exposure to the dollar – and thus shield themselves from U.S. interference. To accomplish this, they have turned to gold.