Perhaps it is no coincidence that the New York Fed made a stunning admission this week that the US dollar could lose its reserve status.

We study trends, monitor political events, consider “cui bono” in all events and give it the old college try.

I have long argued that gold would bottom around the all-in cost of production and this would provide price support. This is because as the price drops below the cost to produce, miners will be forced to shut down or suspend operations.

Investor demand for silver clearly remains strong and people are taking advantage of discount prices.

In an appearance on CNBC on Thursday, LaForge said that the end of the current “supercycle” for gold could push the precious metal down to $660 an ounce, or about 40% lower than where it is currently trading.

The prospect of 5-digit gold is not so far-fetched.

Anyone trying to make economic or political predictions with any accuracy is naive, delusional or possibly both. Yet, everyone seems to enjoy these predictions, so I have decided to partake.

Given all of the fundamental factors at play, the buying opportunity in precious metals is not likely to last much longer.

The economy only grew at 1.7% during the second quarter. Can you imagine the condition of the economy today if the FED was not buying $85 billion in bonds per month?

Both dealers and wholesalers are reporting the supply of maple leaf silver coins is now weeks backlogged.

One type of precious metals equity has been significantly outperforming both the metals and mining shares. This business model is gold and silver streaming companies.

Graphite has not been on the radar of most investors until now.