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Friday Edition: September 18, 2026

Gold Fed Hysteria Wanes

After the first rate hike in years, gold proved resilient immediately after then surged the next day. That’s a heck of a show of strength after years of being slaved to traders trying to game future rate trajectories.

The Great Fuel Crisis Is Here! The Food Crisis Is on its Way

Today’s fuel prices are higher even though crude oil is lower than it was during that peak! That is particularly due to refineries being knocked out by two wars.

Vaulting Space in Short Supply as Singapore Positions Itself as a Major Gold Hub

According to Bloomberg, Singapore has at least 2,200 tonnes of gold storage capacity in privately owned facilities. This includes 1,700 tonnes at Le Freeport and 500 at The Reserve.

Can Anyone Bring the Houthis to Heel?

This is the new normal: commodities flows interdicted by militants, tolls at checkpoints, volatility in commodity markets, friction, instability as global politics collide in Yemen.

Hut, Hut, Hike! The Fed Raised Rates; Now What?

Higher interest rates won’t open the Strait of Hormuz, and they won’t pump any more oil out of the ground. But it will likely slow money supply expansion.

Goldwin Smith’s Dire Warnings About Paper Money Matter More Than Ever

Gold and silver deserve their place as money because of the unique qualities found in the precious metals themselves, rather than any government decree.

Metals Bounce, But Is It More Than That?

Ira Epstein discusses the recent movements in the metal and stock markets, noting a temporary pullback following a period of euphoria despite a 25 basis point interest rate hike.

Asian Metals Market Update for 18th September 2026

The number of bullish factors far, far, and far outstrip bearish factors for gold and silver (for an investment period of six months or more).

Thursday Edition: September 17, 2026

While Everybody Obsesses About Rate Hikes, Federal Spending Marches Along Unabated

With one month remaining in fiscal 2026, total government receipts stood at $4.85 trillion. That’s 3.3 percent higher than through the same period in 2025.

Black Mammoth Metals Appoints Chris Foster as a Director and Applies for a Listing in the US

Mr. Foster is a Chartered Professional Accountant (CPA, CGA) with over 20 years' experience working with public companies in a variety of sectors.

Goldilocks Painted Into Existence

What they are – in a would-be Goldilocks scenario – is two ends of the same play. The good cop at Treasury buying bonds while the bad cop at the Fed hikes rates.

So You Think Bank Earnings Were Strong? Take Another Look

The takeaway from these studies is very simple: large banks are now more likely to fail than before the GFC.

Namibia in the Process of Building Its Initial Gold Reserves

According to a report by Namibian Mining News, the gold accumulation plan is “currently in full swing” and represents “a strategic hedge for long-term national stability.”

Washout in Metals, but Some Down to Import Support Areas

Ira Epstein discusses the negative market reactions following the Fed's press conference, noting declines in both the stock and metal markets...

Wednesday Edition: September 16, 2026

How Artificial Intelligence (AI) Is Affecting Gold

In gold futures (the December contract), I have support between 4133-4233. As long as that support holds, I am expecting another rally back up towards to at least the 5100 region next.

Kalshi Launches Paper Gold Trading

The contract is entirely cash-settled, and there is no mechanism to deliver or receive physical gold as there is in a traditional futures contract.

Gold Stocks: Stand & Salute The Flag

Currently, it’s just gold bugs and a few savvy mainstream pundits who understand the need not just to own gold...but to own it as rates rise.

Metals: Markets Holding Key Support in Gold & Silver

Ira Epstein discusses the current state of the metal markets, highlighting a slight stabilization following recent declines, particularly in silver and gold.

Tuesday Edition: September 15, 2026

The Crippling Effects of Unnecessary War

The real problem here is not oil or diesel. The real problem is that wars of choice spin out of control and destroy the economies of those who launch them.

Money Metals, Sound Money Groups Release 2027 Sound Money Review

Three pro-gold and silver groups have teamed up to present the second edition of the Sound Money Review, a scholarly journal dedicated to advancing principles of sound money.

The Oil War Blew up—Treasury Yields and Prices Went up with it—Even at Costco!

After all the turmoil over the past week, the 10-year US Treasury finally punched through 5%, hitting its highest level since 2007, almost two decades ago.

Beyond the CPI: The Complete Inflation Story -- August 2026

When you put all the data together, the inflation picture looks much more concerning than the sketch drawn by the CPI data alone. Clearly, inflation is far from "under control."

Ira Epstein's Metal Markets Video

Ira Epstein reviews the day’s trading in the metal markets, focusing on gold’s decline and its move into a key support zone.

Monday Edition: September 14, 2026

Gold SWOT: Jeff Currie Sees Treasury Buybacks as Bullish for Gold

Investors remain willing to add gold exposure during periods of price weakness, with continued ETF inflows reflecting persistent concerns over currency intervention, fiscal sustainability and the long-term purchasing power of fiat currencies.

Daniel Lacalle: Rate Hikes Won’t Fix Inflation or Solve the Debt Problem

Lacalle said a U.S. rate hike would have no effect on energy prices or federal deficit spending, while it would add pressure to families and smaller businesses.

The Argument for a Commodities and Precious Metals Bull Market

Real estate, agricultural land, and energy commodities are the primary hard assets investors rush to buy besides gold and silver when they lose faith in paper money.

The Fed Will Hike! Or It Won't. It Really Shouldn't Matter to a Gold or Silver Investor

It’s pretty tough to contemplate a higher rate environment when the U.S. government is $40 trillion in debt and needs the central bank to support its borrowing and spending.

Technical Scoop: Sticky Inflation, Bessent Intervention, Gold Bobble

Gold appeared to be on the cusp of breaking out, but the gains have not held and we have pulled back. As long as we can stay above $4,200, we should be okay.

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