AGE's Gold Commentary

AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.

7/6/2022: Strong dollar puts gold on sale

Source:

Precious metals and summer doldrums
Dollar exceptionally strong - for now
Inflation continues to be red hot
Updated precious metals charts
The silver squeeze is returning
$20 Liberty gold - scarce and undervalued

Greetings!

The first half of 2022 has seen carnage in almost every market, with both stocks and bonds suffering historic selloffs under the combined threats of raging inflation, slowing global growth, and the lingering pandemic.

Gold, however, has held up remarkably well. While the S&P 500 tumbled 20% and the US Aggregate Bond Index fell nearly 10%, bullion posted a slight gain during the first two quarters of the year. In other words, gold is admirably doing its job, holding its value while most other assets are losing theirs.

As Q3 begins, the dollar is on a roll. Global flights to safety in currency markets have lifted the buck to new 20-year highs, driving down the prices of many commodities and putting gold and silver temporarily on sale.

In this new video edition of AGE Gold Commentary, I explain the dominant forces in the market today and how strength in the dollar is creating opportunities in gold and silver that should not be missed. I also discuss the coming supply crunch for silver and the best ways to take advantage of today’s low prices.

Please join me by clicking the link below to view the video. You can also find it by going to our website or the AGE YouTube channel.

Sincerely,

Dana Samuelson
President