Gold

MARKET CALL: CME Margin Hike Triggers Hi-No Silver Away!

Jan 31, 2026 3 min read

"The Lone Ranger" started as a radio series in 1933. It subsequently ran as a TV series for 21 years until 1954. The premise of the show was that the last surviving Texas Ranger is nursed back to health by Potawatomi tribesman Tonto. The two ride together throughout the West on their horses Silver and Scout, doing good while living off a silver mine that provides them with

Ed Yardeni

Is Gold The New Bitcoin?

Jan 27, 2026 4 min read paid

Proponents of bitcoin have been calling it “digital gold.” Both the cryptocurrency and the precious metal are impossible to value because they don't pay any interest or dividends. Bitcoin is digital, making it potentially vulnerable someday to hacking by quantum-computing algorithms, while gold needs to be stored in a vault. Bitcoin's supply is limited, while the potential demand for it is from everyone on Earth. The

Ed Yardeni

Off To The Races

Jan 5, 2026 2 min read paid

It's been a good year so far, even though only two trading days have gone by in 2026. The S&P 500, DJIA, and Nasdaq all rose today despite the crisis in Venezuela over the weekend. The DJIA hit a record high. We've often observed that geopolitical crises create buying opportunities. This time, stock market investors chose to emphasize the positive effects of this crisis

Ed Yardeni

Why Are Precious Metals Getting More Precious?

Dec 22, 2025 3 min read paid

Are the soaring prices of precious metals a warning sign that the Roaring 2020s might end in 2026? We don't think so. However, we have been considering what might be driving the recent spike in precious metals prices. On a y/y basis, gold is up 69.0%. It is lagging silver (139.5%), platinum (133.1%), and palladium (95.1%). We doubt this reflects a rebound in

Ed Yardeni

More Thoughts On Bitcoin, Stablecoin & Gold

Dec 2, 2025 3 min read paid

We do not have an opinion on bitcoin because we don't have any way to value it. It has been widely called "digital gold." We've previously described bitcoin as "digital tulips." That makes us sound bearish since the famous Tulip Bulb Bubble burst in Amsterdam several centuries ago, once it was realized that the small Dutch market had run out of buyers

Ed Yardeni

Just Another AI (Mania?) Day

Oct 27, 2025 3 min read paid

Today was just another day in the stock market. The S&P 500 rose to another record high of 6875.16. Also closing at record highs were the Nasdaq, the DJIA, and the Russell 2000. Been there, done it! More record highs are likely when the Fed cuts the federal funds rate by 25bps on Wednesday. On Thursday, President Donald Trump and Chinese President Xi Jinping are expected to

Ed Yardeni

Market Musings

Oct 20, 2025 3 min read paid

Apple's stock price hit a new record high today on a report that sales of this year's iPhone models had started strongly. Shares of the tech giant climbed 3.9%, closing at $262.24 and helping the company surpass Microsoft to become the second largest in the US by market capitalization (chart). Only Nvidia is larger. That helped to lift the S&P 500 by

Ed Yardeni

S&P 500 And Gold Price Racing Toward $10,000 By 2029?

Oct 16, 2025 4 min read paid

We first began writing about our Roaring 2020s scenario in 2020. So far, so good. Both the S&P 500 and the price of gold have been roaring ahead to new record highs this year (chart). We wouldn't be surprised if both hit 10,000 by the end of the decade. The stock price index and the gold price have exhibited an inverse cyclical correlation, but their

Ed Yardeni

Gold Is The New Bitcoin!

Oct 14, 2025 4 min read paid

Investors are mining for gold and rare earth minerals. The SPDR Gold Shares ETF (GLD) and the VanEck Rare Earth & Strategic Metals ETF (REMX) are up 57.3% and 104.4% ytd (Fig. 1 below). The trading volumes of both have increased sharply in recent weeks (Fig. 2 and Fig. 3). Both have been benefiting from rising geopolitical tensions between the US and both Russia and China. On October

Ed Yardeni

GOOD MARKET CALL: Gold

Oct 6, 2025 3 min read

From time to time, we will review and update some of our good market calls. We hope this provides a helpful perspective on our approach to market forecasting. Today, let's review and update our thoughts on the outlook for gold: (1) We first turned bullish on the price of gold on April 7, 2024. We noted that it was breaking out above $2000 per ounce to new record

Ed Yardeni

MARKET CALL: Nothing To Fear But Overvaluation & A Shutdown

Sep 28, 2025 3 min read

The financial markets have become jittery lately due to concerns about high valuation multiples, particularly among AI stocks, and a potential government shutdown. President Donald Trump reportedly will meet with the top four congressional leaders at the White House on Monday as the threat of a government shutdown on October 1 looms. Meanwhile, investors are once again wondering whether the massive spending on AI infrastructure by the "hyperscalers"

Ed Yardeni

Lots Of News

Sep 9, 2025 4 min read paid

There was a lot of news today that, on balance, didn't move the needle much in the financial markets, which are marking time until August's PPI and CPI reports are released on Wednesday and Thursday, respectively. Let's review all the non-events today: (1) Gold & geopolitics. The nearby futures price of gold jumped to yet another record high of $3,707 per ounce this

Ed Yardeni

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