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Wednesday Edition: June 12, 2024

Rick Rule: The U.S. Will Inflate Away Its Obligations – Just as it Did During The 1970s Commodities Cycle
Political solutions to private problems are increasingly popular. The arithmetic that confronts Americans is substantially worse than it was in 1970.
Tekoa Da Silva Wed, 06/12/2024 - 13:41 The World Will Never Be Free if it Believes Official Gold Data
Central banks and governments wield power through their control of mainstream financial news, which avoids critical questions about gold.
Chris Powell Wed, 06/12/2024 - 12:45 Taxing Billionaires Isn't a Solution to the Government Spending Problem
In fiscal 2023, the deficit averaged about $147 billion per month. That means taking all of the wealth from our top five billionaires would cover the deficit for about six months.
Mike Maharrey Wed, 06/12/2024 - 10:35

Restaurant Apocalypse: The Do-Gooders Created All the Destruction!

Pretending costs don't matter when "doing good" or that we'll find ways to make it work doesn't pay the bills and doesn't make it work.

Will CPI Drive Metal Prices?

Gold still has a bullish bias as long as it closes above the 18-day average today. In terms of market momentum, gold is oversold.

Asian Metals Market Update for 12th June 2024

Following FOMC, the world is watching precious metals and base metals trends. Over-hyped? Yes. Buy on crash strategy is also still very active.

Tuesday Edition: June 11, 2024

Credit Card Spending Sagged Again in April Suggesting American Consumers Are Tapped Out

As prices skyrocketed last year, Americans blew through their savings to make ends meet. Now that they've maxed out their credit cards, what happens?

What Do We Make of the Recent Knee-Jerk Gold Selloff?

Most people flip and flop based on the last hour’s news. It’s important to cut through all clutter and keep your eyes on the big picture.

Gold: Tactics For CPI and FOMC Surprise

Recent key reports and events have brought increased volatility to the gold market, and this has surprised a lot of investors.

Gold is Misunderstood, Alright

Gold price is about sentiment on a societal level, not just among gold bugs. My rebuttal seeks to add layers to another analyst’s opinion, not express outright criticism.

Vietnamese Investors Rush to Buy Gold

As many as 50 customers at a time queued up to take advantage of lower gold prices thanks to a government scheme.

Gold ETFs Globally Report Inflows for First Time in a Year

Inflows of gold into ETFs can have a significant impact on the global gold market by pushing overall demand higher.

So-Called “Green Economy”

If they continue along this path, huge amounts of capital will be misallocated or destroyed. Trillions of dollars will be wasted by governments for political reasons.

Asian Metals Market Update for 11th June 2024

Physical demand will be high in precious metals and base metals. The next three trading sessions are very crucial from a technical perspective.

Gold Oversold, Markets Preparing for CPI and Fed Wednesday

Gold can move either way this week depending on the CPI. It could get wild.

Monday Edition: June 10, 2024

GoldSeek Radio Nugget - Bob Moriarty: China's Gold Misunderstanding, Market Opportunity

Moriarty notes gold's $75 price drop is due to a misunderstanding; China hasn't stopped buying but can't source more traditionally, still controlling prices and offering opportunities.

Gold SWOT: Anglo American will list Anglo-American Platinum in London

Last Friday morning, nonfarm payrolls data came in much stronger than expected, knocking $20 off the gold price and dashing hopes of near-term Fed rate cuts.

Fortuna Completes Offering of Convertible Senior Notes

The company closed its offering of 3.75% convertible senior notes due 2029, totaling US$172.5 million. This includes the full option of an additional US$22.5 million.

Bank for International Settlements (BIS) Gold Swaps Rose Substantially in May

Gold swaps by the BIS, the central bank of central banks, rose by 31 tonnes in May, a 40% increase over the 78 tonnes reported in April, reaching a total of 109 tonnes.

Sound Money Defense League Celebrates 10 Years of Advocacy for Gold and Silver

Executive Director Cortez: "The Sound Money Defense League, celebrating its 10th anniversary in 2024, is a national nonpartisan group focusing on remonetizing gold and silver as money."

Feds Bust Gold Scam Run by Fake FBI Agent ‘Jon Stryker

The victim made three payments to Stryker before realizing the scam. For the fourth, the FBI and local law enforcement set up a sting and arrested Ganesan when he went to pick up $86,000.

Soft Landing Fantasies

Those who think the wizards at the Fed have engineered a soft landing for the grotesquely pumped U.S. economy are in for a rude awakening.

Gold & Silver Get Slammed on Positive Economic Reports

Recently though, the monetary metals are seriously taking it on the chin - and what was looking like a positive week is now well into the red.

Gold Is in an Intermediate Degree Profit Taking Event

Most people at the top of intermediate cycles, they've got the fear of missing out (FOMO), and that causes people to buy too early if caught in the beginning of the decline.

Asian Metals Market Update for 10th June 2024

I believe there was a leakage in US May nonfarm payrolls last Friday. The excuse and guse of stopping gold buying by the Chinese central bank was just media hype.

Technical Scoop: Inflation History, Precious Bull, Golden Caveat

Gold had a volatile week as the recent corrective period continues. But despite a huge overreaction on Friday to the job numbers the bull remains intact.

Sunday Edition: June 9, 2024

GoldSeek Radio Nugget - Aaron Brickman: Currency Devaluation and the Fall of Society

Brickman warns the time is coming soon when we will all get priced out of the gold and silver markets, and the results will be devastating.

Gold Is So Misunderstood

Gold is driven by market sentiment, the only constant in the gold market which allows one to...prognosticate the gold price trend in any reliable and consistent manner.

Jobs Headfake Again!

Flawed jobs reports will keep the Fed tightening long into the recession. By the time Powell figures it out, he will be surprised to find out how weak labor really is.

Inflation’s Strain Remains Gold’s Bane

So fragile now is the state of the economy, the state of the stock market and the state of the world in many respects. Therefore Gold is the place to be! 

Geopolitical Breakdown

Between inflation and innovation, in a peace dividend, innovation wins. It’s possible today’s conflicts work out peacefully. Consider that scenario in investment planning.


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