Mike Maharrey
Mike Maharrey is a journalist and market analyst for MoneyMetals.com with over a decade of experience in precious metals. He holds a BS in accounting from the University of Kentucky and a BA in journalism from the University of South Florida.
Articles by Mike Maharrey
While the rate cut got most of the attention, the Federal Reserve made another move during its October meeting that is arguably more consequential. The central bank announced it will end balance sheet reduction (quantitative tightening, or...
Silver has been on a wild roller coaster ride.Is the recent selloff a temporary correction or have we reached the end of the rally?While the supply displacement that pushed silver to a new record high has moderated somewhat, the underlying...
The Powell put is on.The Federal Reserve chairman tried to sound like a hawk, but the central bank’s actions were those of a dove.For the second straight meeting, the Fed cut the federal funds rate by a quarter percent on Wednesday. In an...
The Federal Reserve kicked off its October meeting today (Tuesday, Oct. 28). The central bank is expected to cut interest rates another quarter percent and could announce a timetable to end balance sheet reduction.But why?A lot of the...
The Bureau of Labor Statistics finally managed to get the September CPI data together. The mainstream broadly characterized it as a good report.It wasn’t.But it was better than forecast, and in our world of politicized government data,...
You might imagine that a museum would be a pretty safe place to keep stuff like gold, silver, and jewels.Not in France.Just hours after the theft of French crown jewels from the Louvre, workers discovered that a different band of thieves...
Is silver overbought?Technically, yes. But that doesn’t mean the bull market is over, as some mainstream analysts would have you believe.From a technical standpoint, an asset is overbought when the price runs up extremely fast relative to...
For the first time in history, India’s largest precious metals refiner ran out of silver.A convergence of factors from market dynamics to logistical problems led to this unprecedented silver shortage. While the market dynamics that got us...
Could India be the straw that broke the silver camel’s back?Most people associate India with gold, but the country also ranks as the world’s top silver consumer.As we reported yesterday, one of the reasons for silver’s surge to record...
The price of silver has soared partly due to a massive, short squeeze and a shortage of available silver in London.As of Monday (Oct. 13) morning, silver was trading at $51.86.In simplest terms, a short occurs when somebody sells a...
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