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Wednesday Edition: December 18, 2024

Head of Largest Russian Oil Producer Says Gold Could Rival the Dollar

By Mike Maharrey, Money Metals

The head of Russia’s largest oil producer says gold could become the dollar’s main competitor in world trade.

Goldback Launches Florida Series With New Denominations

By Mike Maharrey, Money Metals

Goldback is set to release the Florida Goldback Series with three new denominations. (i.e., 1/2, 2, and 100).

Metals Are Approaching Oversold Range

By Ira Epstein

It's going to the 100-day average at $2642.5 and when you look even further in the market, if that gave ground, it can go to $2617, the lower Bollinger Band.

Tuesday Edition: December 17, 2024

Gold: A Cyclical Low Is Here

By Stewart Thomson, Graceland Updates

In recent decades, the Fed has a history of trying to support the stock market at the expense of “boots on the ground” Main Street inflation… which is very good news for gold.

Is Selling Gold Right Now a Mistake?

By Mike Maharrey, Money Metals

Investors worried about sticky inflation are dumping gold, which has traditionally served as a hedge against price inflation. Is that a mistake? I think it is, and I'll explain why.

What Are We Doing in Syria?

By Dr. Ron Paul, Ron Paul Institute

Rebuilding Syrian society after the destruction of the country will cost billions and will likely be about as successful as our “liberation” of Libya.

A Warning and Advice for Boomers! (And Everybody Else)

By Mike Maharrey, Money Metals

Rich Dad Poor Dad author, Robert Kiyosaki, has a warning and insists that "the biggest CRASH" in history is coming."

China Offers No Details On Stimulus

By Ira Epstein

The market is now under the 18-day average of closes, which puts the next support at $2640.

Monday Edition: December 16, 2024

Gold Price Likely Suppressed by Concentrated Shorting, Could Explode

By Chris Powell, GATA

Complaints of gold price manipulation gained attention this week from the Official Monetary and Financial Institutions Forum, a London-based group linked to central banks.

Fortuna Extends Kingfisher Deposit With Drill Intersect Of 4.1g/t Au Over 15.3 Meters At The Seguela Mine, Cote D'ivoire

By Fortuna Mining Corp.

SVP Weedon: "The prospectivity of Kingfisher is underscored by the recent intersections of 15.3 meters averaging 4.1 g/t Au and 17 meters averaging 3.3 g/t Au..."

Gold SWOT: Gold Can Break Through $3,000 By The End Of Next Year, Goldman Sachs Says

By Frank Holmes, U.S. Global Investors

Gold prices can break through the $3,000 barrier by the end of next year—even if the dollar stays high, Goldman Sachs said, pushing back on recent commentary.

Gold Scammer Sentenced to 10 Years in Prison

By Mike Maharrey, Money Metals

A Maryland circuit court judge sentenced Ravinklejeet Mathon, 26, to 10 years in prison for his part in an elaborate gold scam.

Bond Investors To The Fed – “Not This Time”

By Kelsey Williams

There is also the potential for a full-blown liquidity crisis and wide-scale bank failures. In that case, expect short-term interest rates to soar on the upside.

African Banks Establishing Presence in China as Beijing Pushes for De-Dollarization

By Mike Maharrey, Money Metals

African banks are opening branches in Chinese cities in an effort to tap into growing trade ties between African nations and China.

Technical Scoop: Economic Threats, Precious Win, Waking Oil

By David Chapman, Enriched Investing

Overall, our expectations for gold in 2025 are positive, but it will not be a straight-up move.

Strong US Dollar and High Interest Rate Problem

By Ira Epstein

Because last week's low is $2617.5, the 18-week average is $26-28 roughly - that's where the support is. Take that out and you open the door up for the lower Bollinger Band.

Sunday Edition: December 15, 2024

Gold Does the Spike n' Sink

By Mark Mead Baillie

Into Fed Week” we go, during which 19 metrics come due for the Econ Baro, 10 prior to FOMC’s Statement Wednesday. Since the FinMedia said the Fed will cut, is that already priced into Gold? 

Israeli Attack on Iran's Nuclear Facilities Is Imminent

By David Haggith, The Daily Doom

Israel is preparing its attack on Iran now, according to The Sun, not the most reliable source, but consider all the facts, and it seems almost inevitably true.

Demanding Energy

By John Mauldin, Thoughts from the Frontline

Energy is getting harder (or at least more expensive!) to find at the same time we need an ever-growing amount of it.

Gold Stocks: A Scary Pullback To Buy

By Morris Hubbartt, Superforce Signals

Tight stoplosses on every trade keep drawdowns in check.  

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