Precious metals continue to show strength and buoyancy about 10 days after the Federal Reserve admitted it is ready to again cut targeted interest rates to potentially accommodate slowing economic conditions.
The spot gold price has cleared and remains above the 1,400 fiat US dollar price level, closing the week around $1,410 fiat dollars per troy ounce.
The spot silver price is closing the week around $15.35 per troy ounce in fiat Federal Reserve notes.
The gold-silver ratio has again climbed closing this week close to 92 ounces of fine silver to afford 1 troy ounce of physical gold bullion.
This week, our returning guest Christopher Aaron of iGoldAdvisor.com takes us through some past moments when overly optimistic precious metal viewpoints got crushed.
We juxtapose some of his fundamental and technical analysis work overlaying it to today’s technical and fundamental backdrops for bullion, precious metal related investments, and even the future of the broad commodity complex in general.
Our conversation and some of Christopher’s analysis and critical charts are below in our bullion podcast.
Welcome to this week's Metals & Markets podcast, I am your host James Anderson of SDBullion.com
The interview above got recorded at 3:00 PM Eastern, on Tuesday, June 25th, 2019.
The silver spot price at the time of this discussion was at about $15.40 while the gold spot price was hovering around $1,425 fiat US dollars per troy ounce. The gold-silver ratio, which we will be talking about in length here, remained at a new 30-year high mark of just over 92 ounces of silver to afford 1 ounce of gold.
With us this a week a returning guest to the show, he is Mr. Christopher Aaron of iGoldAdvisor.com and soon iGlobalAnalytics.com.
A bullion buyer years before the 2008 Global Financial Crisis, James Anderson is a grounded precious metals researcher, content creator, and physical investment grade bullion professional. He has authored several Gold & Silver Guides and has been featured on the History Channel, Zero Hedge, Gold-Eagle, Silver Seek, Value Walk and many more. You can pick up Jame's most recent, comprehensive 200+ Page book here at SD Bullion.
Given that repressed commodity values are now near 100-year low level valuations versus large US stocks, James remains convinced investors and savers should buy and maintain a prudent physical bullion position now, before more unfunded promises debase away in the coming decades.