Dana Samuelson - President, American Gold Exchange

New Gold Market Commentary taped last Friday before this weekends gold and silver fireworks. We anticipated all of this in our Aug. 18 update. This is our latest commentary. youtube.com/watch?v=89KEw4…

Silver holding rising support, now at $73.00. #silver

Despite the 10-Year US treasury yield hitting new highs two days ago, gold is not setting new short-term lows. So far, gold is enjoying short-term support above $4,450, suggesting gold is starting to resist to the downside its direct inverse correlation to yields that I have been tracking since we published our oil/yield/gold analysis May 4th.

@GaryBohm5 Thanks for having me Gary!

Dana Samuelson, founder of American Gold Exchange, rejoins the pod on 5/18 and speaks to the gold and silver supply side diminishment, the lack of any new major discoveries and the ramping up of demand as exactly why we hit a record high price in January, why we’re probably past peak gold in terms of supply, how we probably have a pretty good floor under gold at $4,500 right now and silver at $70, why the broader macro is all setting up for more deficit spending and potentially weaker U.S. economy which is a recipe for higher gold and silver, why unlike gold, we don’t have the same cushion of physical silver availability which makes silver more susceptible to supply squeezes and much higher prices, why the metals are just in another consolidation phase of a much bigger upturn, why sentiment getting as negative as it is right now means we’re getting near a bottom or at a bottom, why this war in Iran is actually setting up the economic conditions that will lead to a run much higher in gold and silver, and much more! @DanaSamuelson99 Watch here --> youtu.be/6Yl-T931K1c

I'm grateful to have been invited on Metals and Miners with Gary Bohm discussing the current state of the precious metals markets, the Iran war, the Fed and yields and more. Here's a link to the conversation: youtube.com/watch?v=6Yl-T9…

The bond market seems to have finally realized there is a war going on. New Gold Market Commentary covers the bond sell-off, the yo-yoing oil price, and how this is affecting precious metals. youtube.com/watch?v=V-Cnan…

Gold continues to be as highly correlated (inversely) to the US 10-Year Treasury Yield as I have ever seen in my 46 years of watching these markets. Yields v Gold 4-1-2026 to 5-15-2026

@Brien_Lundin 2020 and 2021 retail Covid buying and 2025 fear of tariffs drove the last two big surges of US silver imports. So it was monster boxes in 20 & 21 but not 2025.

Interesting…

After a strong 7 trading session run from support at $72 to $89.36, just under our 2nd tier upside resistance level at $89.50, silver is seeing profit taking in today's NY trading session. Will 1st resistance at $82 now become support?

Platinum moving over resistance.

Silver continues to move higher.

Silver is testing an upside breakout higher. Here are my latest market observations. youtube.com/watch?v=V5vSsO…

What's driving gold prices.

New Gold Market Commentary analyzing gold's recent dominant market driver: youtube.com/watch?v=oCir6x…

@jimiuorio Nico Hoerner is the son of a friend of mine.

Ditching all your responsibilities and heading to the ballpark is a time honored Chicago tradition..doing it with the same guys you’ve doing with for almost 50 years is probably more unusual..

New Gold Market Commentary recorded after the market close on Friday. youtube.com/watch?v=j9x4do…

The global oil supply disruption caused by the closure of the Strait of Hormuz is not fully priced into the global oil markets, yet. Pre-war available supplies in storage and at sea cushioning the supply disruptions market pricing have now been absorbed. In this market commentary I analyze the supply disruption in depth and explain why oil prices could still go sharply higher. youtube.com/watch?v=DZ_Mdc…

Energy prices, higher for longer.

Gold 6 months candlesticks through NY close 3-23.