Category Archives: Silver Rounds

By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 will finish 2025 up about 9% from now, but volatility … Continue reading →

Fort Knox, known officially as the United States Bullion Depository, holds as much mystery as the gold it supposedly secures. … Continue reading →

Summary The President is embarking on a trade war that could put the economic expansion at risk and the rest … Continue reading →

Excerpt from this week’s: Technical Scoop: Rising Inflation, Golden Haven, Oily Bottom

Copper prices have broken out and are rising. This is a sign of inflationary pressures. Copper is also a leading indicator for gold. As noted, gold has already been making new all-time highs. As the chaos continues, we expect it to rise further. We continue to have targets up around $3,600 although expect resistance along the way. There continues to be signs that gold is being pulled out of the London markets and transferred to the U.S. to avoid tariffs down the road. The only bothering sign for gold, at least in the near term is what appears as an ascending wedge triangle. If correct it is short-term bearish and gold, if it were to break under $2,900, could in effect see a decline to $2,700. Gold stocks took it on the chin on Friday Feb 21, 2025 alongside the 700+ point drop for the DJI. Not a good sign. If we do get that break (a real possibility) the next move up for gold would take us to $3,000 and higher.

U.S. 10-Year Treasury note vs. CPI rate of change 2016-2025

 

Source: www.tradingeconomics.com, www.bls.gov

Source: www.stockcharts.com

Source: www.stockcharts.com

 Markets & Trends

 

 

 

% Gains (Losses)                              Trends

 

 

Close

Dec 31/24

Close

Feb 21/25

Week

YTD

Daily (Short Term)

Weekly (Intermediate)

Monthly (Long Term)

Stock Market Indices

 

 

 

 

 

 

 

S&P 500

5,881.63

6,013.13 (new highs) *

(1.7)%

2.2%

up (weak)

up

up

Dow Jones Industrials

42,544.22

43,428.02

(2.5)%

2.1%

neutral

up

up

                     Dow Jones Transport

16,030.66

16,034.36

(3.5)%

0.9%

down (weak)

up

up

NASDAQ

19,310.79

19,524.01

(2.5)%

1.1%

neutral

up

up

S&P/TSX Composite

24,796.40

25,147.03

(1.3)%

1.7%

neutral

up

up

S&P/TSX Venture (CDNX)

597.87

634.69

(0.9)%

6.2%

up

up

neutral

S&P 600 (small)

1,408.17

1,378.06

(3.6)%

(2.1)%

down

up

up

MSCI World

2,304.50

2,478.41

0.2%

7.6%

up

up

up

Bitcoin

93,467.13

95,610.98

(1.4)%

2.3%

down

up

up

 

 

 

 

 

 

 

 

Gold Mining Stock Indices

 

                                         

 

 

 

 

 

Gold Bugs Index (HUI)

275.58

320.59

(1.6)%

16.3%

up

up

up

TSX Gold Index (TGD)

336.87

402.50

(0.4)%

19.5%

up

up

up

 

 

 

 

 

 

 

 

%

 

 

 

 

 

 

 

U.S. 10-Year Treasury Bond yield

4.58%

4.43%

(1.1)%

(3.3)%

 

 

 

Cdn. 10-Year Bond CGB yield

3.25%

3.13%

1.0%

(3.7)%

 

 

 

Recession Watch Spreads

 

 

 

 

 

 

 

 

U.S. 2-year 10-year Treasury spread

0.33%

0.23%

9.5%

(30.3)%

 

 

 

Cdn 2-year 10-year CGB spread

0.30%

0.39%

5.4%

30.0%

 

 

 

 

 

 

 

 

 

 

 

Currencies

 

 

 

 

 

 

 

US$ Index

108.44

106.64

0.1%

(1.7)%

down

up

up

Canadian $

69.49

.7025

(0.4)%

1.1%

up

down

down

Euro

103.54

104.59

(0.3)%

1.0%

up

down

down

Swiss Franc

110.16

111.45

0.3%

1.2%

up

down

neutral

British Pound

125.11

126.29

0.3%

0.9%

up

down

neutral

Japanese Yen

63.57

67.03

2.1%

5.4%

up

neutral

 down

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Precious Metals

 

                       

 

 

 

 

 

Gold

2,641.00

2,953.20 (new highs) *

1.8%

11.8%

up

up

up

Silver

29.24

33.01

0.5%

12.9%

up

up

up

Platinum

910.50

987.7

(3.1)%

8.5%

neutral

up

up (weak)

 

 

 

 

 

 

 

 

Base Metals

 

 

 

 

 

 

 

Palladium

909.80

990.90

(1.8)%

8.9%

up (weak)

up (weak)

down

Copper

4.03

4.56

(2.2)%

13.2%

up

up

up (weak)

 

 

 

 

 

 

 

 

Energy

 

 

 

 

 

 

 

WTI Oil

71.72

        70.40

(0.4)%

(1.8)%

down

down (weak)

down

Nat Gas

3.63

4.27 (new highs)

14.5%

17.6%

up

up

neutral

 
 
 
 
 
 
 
 
 

Source: www.stockcharts.com

* New All-Time Highs

 

Note: For an explanation of the trends, see the glossary at the end of this article.

New highs/lows refer to new 52-week highs/lows and, in some cases, all-time highs.

Read the FULL report here: Technical Scoop: Rising Inflation, Golden Haven, Oily Bottom

Disclaimer

David Chapman is not a registered advisory service and is not an exempt market dealer (EMD) nor a licensed financial advisor. He does not and cannot give individualised market advice. David Chapman has worked in the financial industry for over 40 years including large financial corporations, banks, and investment dealers.  The information in this newsletter is intended only for informational and educational purposes. It should not be construed as an offer, a solicitation of an offer or sale of any security.  Every effort is made to provide accurate and complete information. However, we cannot guarantee that there will be no errors. We make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the contents of this commentary and expressly disclaim liability for errors and omissions in the contents of this commentary.  David Chapman will always use his best efforts to ensure the accuracy and timeliness of all information. The reader assumes all risk when trading in securities and David Chapman advises consulting a licensed professional financial advisor or portfolio manager such as Enriched Investing Incorporated before proceeding with any trade or idea presented in this newsletter. David Chapman may own shares in companies mentioned in this newsletter. Before making an investment, prospective investors should review each security’s offering documents which summarize the objectives, fees, expenses and associated risks.  David Chapman shares his ideas and opinions for informational and educational purposes only and expects the reader to perform due diligence before considering a position in any security. That includes consulting with your own licensed professional financial advisor such as Enriched Investing Incorporated.   Performance is not guaranteed, values change frequently, and past performance may not be repeated. Continue reading →

[embedded content]They Did WHAT with the Gold! Is A Gold Run Next | https://www.themorganreport.com
That’s when you have a gold run or a run on the bank. And that’s what could be—I want to use the word could, not would—taking place right now,” says David Morgan, publisher of The Morgan Report. In an interview with Daniela Cambone, he compares the recent gold supply crunch in London, much of which was triggered by tariff threats as investors bought cheaper gold in London and sold it for a higher price in New York, to a traditional bank run. “Some gold holders started to wake up and say, wait a minute, there are delays in the LBMA. There shouldn’t be, or at least not that long. I’m going to get my gold back.” Additionally, he states that some of the gold stored in Fort Knox was coin melt, meaning it was taken from gold coins, which are typically made of 90% gold, not pure gold. “For a gold contract to be valid, it has to be 999 fine. In other words, it’s just gold, it’s not gold and another metal.
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Gold futures were rising, holding close to record highs as geopolitical and trade tensions boost safe-haven demand.Futures were up 0.3% at $2,961.70 a troy ounce, close to an all-time high of $2,973.40/oz, set on Thursday.Gold recorded its eighth consecutive week of gains and a fresh high in recent days on fears that the U.S. could unwind its support for Ukraine in the war against Russia, ANZ Research analysts said in a note. Continue reading →

Gold Revaluation Moves from Fringe to Mainstream Over the last year, and especially the past 72 hours, the topic of … Continue reading →

Globally, central banks’ annual acquisition of physical gold has risen above 1,000 metric tons for three straight years. Analysts are … Continue reading →

Gold heads for its eighth weekly gain on haven demand, despite falling from Thursday’s record high over $2950 an ounce. … Continue reading →

President Donald Trump said his administration is going to audit the U.S. gold reserves kept at Fort Knox in Kentucky.
“We’re going to go to Fort Knox, the fabled Fort Knox, to make sure the gold is there,” President Trump said Wednesday on Air Force One.

A drive to audit Fort Knox has gained steam from comments by Elon Musk on X recently. Over the past few decades, conspiracy theories have emerged from time to time about whether the government is being truthful about the amount of gold stored there because of the fort’s high security.
The Treasury Department gives the exact amounts of the U.S. gold reserves on its website and says there are 147,341,858.382 troy ounces in Fort Knox.
“I think if this administration presses for an audit, that’ll be a good thing for everybody,” said Alamos Gold CEO John McCluskey on CNBC’s “Squawk Box” Thursday.

Stock chart icon

Gold futures, 1 year

Treasury Secretary Bessent’s comments from earlier this month, to “monetize the asset side of the U.S. balance sheet for the American people” also added to recent investor speculation that the U.S. government should audit its gold reserves and perhaps revalue them. The Treasury Department’s current gold holdings are priced at $42 per ounce, a level that is set by law and hasn’t changed since 1973.
Spot gold on Thursday rose, hitting another record high of $2,954.69 earlier in the session. That’s bullion’s tenth record high of the year. Continue reading →