October 2021 - Week 4 Edition
Gold and Silver Poised For Big Gains
Gold is still above $1,800 on Monday afternoon and held steady all day. Last Friday’s afternoon London gold price fix was $1,808.25, up 3.8% so far, in October and rising from $1,742.80 at the end of September. In their latest newsletter, the Aden Sisters stated silver has been even stronger than gold, which they read as meaning, “Silver is Ready to Pop Up.” The big picture, they say, “shows silver has the edge over gold and with gold now rising, we could see silver really take off!” How high?
The world-renowned financial analysts say, “Once it breaks above its 65-week average, its next move is to jump above the $29 - $30 level … and it could then reach the top of the step near $35” per ounce.
New Iconic Morgan and Peace Dollars Celebrating 100th Anniversary
The 100th Anniversary of the Morgan dollar & Peace dollar transitional year of 1921 is being honored with newly minted legal tender issues of both series.
In late 1921, the new Peace silver dollar was minted to commemorate peace between the United States and Germany in World War I. It replaced the Morgan silver dollar, designed by George T. Morgan, which was minted from 1878 to 1904 and in 1921.
From 1921-1935, the Peace dollar was minted in Philadelphia, Denver and San Francisco, but only in Philadelphia during 1921. The Morgan silver was minted in the same three cities plus New Orleans and Carson City. While only the Denver, Philadelphia, and San Francisco Mints are still in operation today, the new 2021 Morgan dollars also feature coins with “CC” and “O” privy marks to honor the former mints. The new High Relief Peace dollar is only being minted in Philadelphia.
These six new United States Mint 2021 coins are a beautiful rendition of the original designs using .999 fine silver, the same $1 face value and weight content, with an uncirculated finish. Graded by the Numismatic Guaranty Corporation (NGC) in perfect MS70 condition, these limited-number six-coin sets will sell out.
“Call now while these MS70 sets are still in stock. At our low price, they are going fast!” Dr. Mike Fuljenz 2021 ANA Dealer of the Year.
5 REASONS TO BUY NOW
Inflation is Soaring, but the Biden Team is “Deep in Denial”
Last week, I told you about the Consumer Price Index (CPI) coming in at a surprisingly high 0.4% for September and +5.4% for the last 12 months, the highest 12-month run rate since 1991. The next day, Thursday, the Producer Price Index (PPI) came out at a much higher rate – up 8.6% over the last 12 months, including +0.5% for September. Even subtracting energy and food costs, the PPI was up 6.8%.
In the midst of these announcements, the Social Security Administration stated that benefits would rise 5.9% next year, due to inflation, for “Cost of Living Allowances.” That is the highest increase in Social Security benefits in 40 years – since the days of double-digit inflation in the early 1980s. While the Biden Administration will gladly take the praise for the pay increase for the elderly, Biden is also telling us that his tax-and-spend policies do not create inflation or more national debt. They do the opposite!
On inflation: “If we increase the availability of quality, affordable childcare, elder care, paid leave, more people will enter the workforce…. These steps will enhance our productivity—raising wages without raising prices. That won’t increase inflation. It will take the pressure off of inflation, give a boost to our workforce, which leads to lower prices in the years ahead,” – President Joe Biden, July 19, 2021.
On debt: “My Build Back Better Plan costs zero dollars… It adds zero dollars to the national debt,” –President Joe Biden in a tweet, September 25, 2021.
In what economic theory does adding trillions of dollars to the money supply make those dollars’ worth more? And in what world does the spending of $3 to $5 trillion more dollars “cost nothing” and “add nothing to the national debt?” The U.S. Treasury closed the 2021 Fiscal Year on September 30, 2021, with a stunning announcement that the total red ink for the year was $2.8 trillion, the second-largest deficit ever. Is this President already living in la-la-land or is he speaking off script?
Important Disclosure Notification: All statements, opinions, pricing, and ideas herein are believed to be reliable, truthful and accurate to the best of the Publisher's knowledge at this time. They are not guaranteed in any way by anybody and are subject to change over time. The Publisher disclaims and is not liable for any claims or losses which may be incurred by third parties while relying on information published herein. Individuals should not look at this publication as giving finance or investment advice or information for their individual suitability. All readers are advised to independently verify all representations made herein or by its representatives for your individual suitability before making your investment or collecting decisions. Arbitration: This company strives to handle customer complaint issues directly with customer in an expeditious manner. In the event an amicable resolution cannot be reached, you agree to accept binding arbitration. Any dispute, controversy, claim or disagreement arising out of or relating to transactions between you and this company shall be resolved by binding arbitration pursuant to the Federal Arbitration Act and conducted in Beaumont, Jefferson County, Texas. It is understood that the parties waive any right to a jury trial. Judgment upon the award rendered by the Arbitrator may be entered in any court having jurisdiction thereof. Reproduction or quotation of this newsletter is prohibited without written permission of the Publisher.
Metals Market Report Archive