| |
| |
| |
| Money Metals News Alert | September 29, 2025 – Silver prices surged higher again last week and this morning, gaining nearly 9% over the past 10 days. The gold price has risen by 4%, making yet another all-time high.
| | |
Metal prices have risen despite some strength in the U.S. dollar versus other unbacked fiat currencies.
The greenback finished the week back above 98 in the DXY index.
U.S. stocks lost a bit of ground, with the S&P 500 ending about 13 points lower. Yields on the 10-year Treasury rose slightly.
| | | |
Activity in the retail bullion markets continues to be brisk. There has been a significant jump in both buying and selling throughout September relative to July and August.
| | |
 | Gold : Silver Ratio (as of Friday's closing prices) – 81.5 to 1 | | |
| Government Shutdown Theatre Fuels More Gold Gains | | | |
| |
Rumors of a federal government shutdown are once again swirling. Absent a deal, non-essential agencies will have to suspend operations until legislators put together a spending deal.
Americans have another front row seat to the public relations battle between Republicans and Democrats to see which party is most to blame for the impasse.
Legislators on both sides of the aisle want citizens to know a shutdown is bad and the other party is responsible. They don't want people paying attention to just how little the difference is between the Republican and Democratic spending proposals.
This difference is summed up in the chart below:
| | |
| |
The Democrats would be happy to spend $3 trillion more than the government collects in taxes. Republicans are pushing for a $2 trillion budget deficit.
Just a few years back, Americans were witness to budget drama which included deficits a mere quarter of these amounts.
Republican legislators are proudly standing behind an offer which would extend the current Biden-era funding levels for 7 weeks. They aren't embarrassed at all to be supporting spending levels they pretended to oppose just a couple years ago.
Democrats insist that certain healthcare spending increases which were tamped down via the "One Big Beautiful Bill" must be restored.
Despite the looming October 1 deadline, there is no budget resolution or appropriations package currently up for debate or vote. | | |
The Trump administration is threatening to permanently layoff some non-essential employees if there is a shutdown.
Democrats are howling about those threats and promising to stand firm.
Voters on both sides are expected to be proud of the principled stand their respective party leaders are making.
| | | |
For fans of limited government and sound money, here's a spoiler alert: Republicans in Congress aren't planning a meaningful change in spending or deficits, and, of course, neither are Democrats.
In the end, and despite the drama, citizens are going to get stuck with a deal in which government spending rises and the national debt ratchets trillions higher.
The Federal Reserve Bank will enable the whole thing with artificially lower interest rates. It might even have to step in again as the buyer of last resort for the oceans of new debt the Treasury will be issuing.
| | |
| |
| |
| This week's Market Update was authored by Money Metals Director Clint Siegner. | | |
| |
| |
| |
| This copyrighted material may not be republished without express permission. Offer only available through email promotion. Offer does not apply to previous orders and may not be combined with any other offer or program. Special shipping rates or other restrictions may apply to international orders. The information presented here is for general educational purposes only. Money Metals Exchange and its staff do not act as personal investment advisors. Nor do we advocate the purchase or sale of any regulated security listed on any exchange for any specific individual. While our track record is excellent, investment markets have inherent risks and there can be no assurance of future profits. You are responsible for your investment decisions, and they should be made in consultation with your own advisors. By purchasing from Money Metals, you understand our company is not responsible for any losses caused by your investment decisions, nor do we have any claim to any market gains you may enjoy. Money Metals Exchange is not a regulated trading "exchange" as defined by the CFTC and the SEC. | | |
No comments:
Post a Comment