Texas Precious Metals

  • Silver Breaking Out

    The month of November was a bit of a roller coaster for metals bulls, as price appeared to breakout, only to reverse on vaccine news and become extremely oversold by mid-December. All the more frustrating was the continued sell-off in the US dollar, which many expected to spark the next leg higher in metals prices, but new lows in the dollar coincided with multi-month bottoms in metals. Meanwhile, all attention has since returned to bitcoin, which broke out to all-time highs while metals remained in consolidation mode. So, where are we now?

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  • 2020 End of Year Schedule

    *During long holiday breaks, such as Thanksgiving, Christmas, and New Year's, please note that we do "hold" packages from shipping on certain days for security reasons (packages lingering in sort facilities around holidays pose higher security risks). We believe this grace period is in the customer's best interest, and could potentially impact the 3-day shipping window slightly.

    LAST DAY TO ORDER FOR DELIVERY BY CHRISTMAS!

    (YES, PROCRASTINATORS, WE SEE YOU.)

    Wednesday, December 16th: Orders less than $1,000
    Monday, December 21st: Orders larger than $1,000

    Please note that these dates refer to the date your payment clears. Orders paid by electronic check (ACH) may take 1 to 2 additional days to process from the time you submit your electronic check (ACH) Registration Documents.

     

    CHRISTMAS WEEK HOURS

    Monday, December 21st: 8:00 AM - 6:00 PM CST
    Tuesday, December 22nd: 8:00 AM - 6:00 PM CST. *Last day of shipping for the week.
    Wednesday, December 23rd: 8:00 AM - 2:00 PM CST. *Our vault will not be shipping.
    Thursday, December 24th: Christmas Eve.  We are CLOSED.
    Friday, December 25th: Christmas Day. We are CLOSED.

    NEW YEAR'S WEEK HOURS

    Monday, December 28th: 8:00 AM - 6:00 PM CST
    Tuesday, December 29th: 8:00 AM - 6:00 PM CST - Last day of shipping for the week.
    Wednesday, December 30th: 8:00 AM - 6:00 PM CST - Our vault will not be shipping.
    Thursday, December 31st: 8:00 AM - 12:00 PM CST - Our vault will not be shipping.
    Friday, January 1st: New Year's Day - We Are Closed

  • 2020 Thanksgiving Schedule

    *During long holiday breaks, such as Thanksgiving, Christmas, and New Year's, please note that we do "hold" packages from shipping on certain days for security reasons (packages lingering in sort facilities around holidays pose higher security risks). We believe this grace period is in the customer's best interest, and could potentially impact the 3-day shipping window slightly.

    Monday, November 23rd: We are open during normal business hours. Full shipping day.

    Tuesday, November 24th: We are open during normal business hours. *Last day of shipping for the week.

    Wednesday, November 25th: Our offices will close at 2pm CST. Our vault will not be shipping.

    Thursday, November 22nd: Thanksgiving Day.  We are CLOSED.

    Friday, November 23rd: We are CLOSED.

  • Metals: What Happened?

    In my last post, I commented on the strong breakouts in metals out of bull wedge consolidations. These breakouts were ultimately short-lived and quickly reversed on vaccine news, washing out swing longs and once again pushing price lower to another test of falling resistance. The thesis from that post remains intact – metals continue to remain in strong uptrends with price likely to push to higher highs – but in the near term price continues to digest supply and needs more time.

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  • The Election, Metals, and Uncertainty
    • Posted on November 6, 2020
    • By TPM
    • General

    Today is November 6th, we still do not have a President-elect, and the legal fight over ballots and vote-counting seems destined to drag on for weeks, if not months. For those investors determined to allocate capital based upon the election outcome, the uncertainty can be paralyzing. We can expect a likelihood of a split government, but there is no certainty beyond that. My solution is to follow price. Read More

  • Comparing Debt Growth to Gold and Silver Coin Production During US Presidencies
  • Precious Metal Coins vs Money

    How Much is Produced Globally

    Gold and silver have played an important role throughout money's history. Unlike modern currencies, precious metals can't be created out of thin air and derive value from their scarcity.

    Globally, how does the value of minted gold and silver coins compare to currency creation?

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  • An Analysis of Trends in USD, S&P500, and Gold

    On the topic of future inflationary or deflationary expectations, there are strong fundamental arguments on both sides. In my simple interpretation, the deflationary camp (dollar bulls) make the case that the economy remains fractured, entire industries are being undermined by the pandemic, there is high unemployment, the personal savings rate is up, the stock market is at stretched valuations, the housing market is approaching bubble territory, and the demand for US dollars remains the prevailing undercurrent of international trade. The Fed, despite its best efforts, cannot seem to meet its inflation target. Further economic weakness or perhaps a market crash would incite a flight to liquidity, demand for dollars to meet debt obligations, and broad debt defaults, further tightening the monetary supply. A strong dollar generally weighs heavily on the price of precious metals, particularly in short-term liquidity crises, and creates the potential for a near term headwind on metals prices. Read More

  • Precious Metal Coin Production in the COVID-19 Era

    Gold and silver have played an important role throughout money's history. Unlike modern currencies, precious metals can't be created out of thin air and derive value from their scarcity. Read More

  • Is the Near Term Bottom in for Metals?

    GOLD

    The price coiling I highlighted in gold in my last post failed to the downside, which I mentioned was a possibility. There were two key levels, the 1865-1880 band, and then 1800, which would have retested the entire move. Buyers came in strong at 1865 and price held, right at the 100 day moving average. The breakdown from the pennant has created a bull wedge, and the RSI (relative strength index) never hit oversold levels, which implies to me that bulls remain in control. Gold is not completely out of the woods – a breakout of that bull wedge would confirm that 1865 was the interim low. I am looking for confirmation above 1935 and then 1950 for next sizable move. The price action in silver and the miners confirm this thesis. Read More