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Friday Edition: December 6, 2024

COT Gold, Silver & USDX Report - December 6, 2024

By COT Gold Report

Positions as of 3 December, 2024

Gold’s Monster Upleg Well

By Adam Hamilton, Zeal Research

As long as gold doesn’t roll over into 10%+ correction territory, gold’s enormous upleg remains intact.

The Joke's on us, and Federal Reserve Jokers Are Not So Funny

By David Haggith, The Daily Doom

The reason for the Fed’s target inflation rate of 2% is not a funny deception at all, but intentional deception it was.

Commodities & Silver Stocks Are Hot

By Morris Hubbartt, Superforce Signals

I think we'll be seeing some very hot action in a number of sectors, especially the silver and uranium stocks. The SIL ETF is particularly exciting right now.

Federal Reserve Woes and Precious Metals Trends

By MoneyMetals

Losses are attributed to interest payments on bank reserves, and the Fed's long-term fixed-rate assets purchased during periods of near-zero interest rates.

Central Bank Gold Buying Surged in October

By Mike Maharrey, Money Metals

"Depleted trust in the U.S. fixed-income assets and the rise of non-reserve currencies are other themes that could support central bank gold buying."

Bitcoin Steals Gold's Role

By Ira Epstein

Today's payroll, followed by the CPI and PPI is the last dataset before the Fed decides on rate cuts. Gold typically enjoys the Santa Claus rally that begins mid-December.

Thursday Edition: December 5, 2024

Is Bitcoin “Just Like Gold?” The Simple Answer Is No

By Mike Maharrey, Money Metals

Gold is not a speculative asset. It is widely viewed as a safe haven hedge and a store of value. Bitcoin failed as a safe-haven hedge as the markets tanked in 2018.

Repatriated Gold Reaches Historic Highs

By Jan Nieuwenhuijs, Money Metals

World official gold reserves (minus the gold owned by the U.S. and U.K.) stored in New York and London have reached a historic low of 22%.

Gold and Silver in 2024 - Who Got It Right?

By David Russell, GoldCore

It’s not just central banks reshaping the physical gold market. U.S. states are making moves that could have a profound impact.

Making a Crisis Your Friend

By Doug Casey, Casey Research

There are lots of good, speculative opportunities that are both high-potential and low-risk—not high-potential and high-risk. Most people don’t understand that.

Gold Working Hard to Hold a Current Level

By Ira Epstein

The gold price is doesn't seem to be going anywhere. The market is trying to figure out what the next move is going to be. The current pattern is back to bullish.

Fortitude Gold Declares December 2024 Monthly Dividend

By Fortitude Gold

Fortitude Gold Corp. declares its monthly dividend of $0.04 per common share payable on December 31, 2024 to shareholders of record as of December 19, 2024.

Wednesday Edition: December 4, 2024

Russia Temporarily Bans Export of Gold and Silver Scrap

By Mike Maharrey, Money Metals

The Russian government hopes the ban will support domestic industries, enhance government revenues, and tighten control over the trade of valuable resources.

Commercial Real Estate Bond Distress at All-Time Highs

By Mike Maharrey, Money Metals

Where problems will surface next remains to be seen, but the commercial real estate (CRE) sector is a prime candidate due to falling prices, falling demand, and rising interest rates.

There Will Be No Federal Solution to the Crisis That’s Coming

By Stefan Gleason, Money Metals

Trump has effectively conceded that the debt won’t be tackled in any meaningful way. It's up to individuals to protect themselves from the risks of the debt crisis.

The Debt Monster and the Big Men Who Will Fight it

By David Haggith, The Daily Doom

Trump has a man for fighting debt, but Trump also has an iron-clad record of creating debt and lots of it everywhere he goes.

Chinese News of Stimulus Meeting Bullish Metals

By Ira Epstein

As for gold, support is at about 2615.80, the 18-week moving average of closes. You have lost volatility, and the pattern is higher lows and higher highs.

Tuesday Edition: December 3, 2024

Eastern European Countries Loading Up on Gold as Chaos Hedge

By Mike Maharrey, Money Metals

Eastern Europe's gold binge is part of a broader trend. Central banks globally have been aggressively adding gold to their reserves.

Flows of Gold and Silver Into Indian ETFs Surges

By Mike Maharrey, Money Metals

Demand for gold bars and coins has jumped by an estimated 38 percent year-on-year to 163 tons through the first nine months of 2024. That’s the highest level since 2013. 

Are Stocks Poised to Crash 55% Soon?

By David Haggith, The Daily Doom

“Survive till ’25” isn’t going to have as much ring to it as it devolves into figuring out how to survive until ’26. You can come up with any new slogan you want, but it’s going to be dead on arrival once it’s clear that “survive till ’25” didn’t do the job.

Gold Bullish Cycles In Play

By Stewart Thomson, Graceland Updates

On the four month gold cycle chart, the next low in the cycle comes around Dec 14 and the next high comes near the Chinese New Year peak at about Feb 5, 2025.

Fortuna reports progress on its share buyback program

By Fortuna Mining Corp.

Jorge A. Ganoza, Chief Executive Officer of Fortuna commented, “With record earnings in the third quarter, and strong free cash flow generation supported by historically high gold prices, Fortuna is positioned to return capital to its shareholders.”

Monday Edition: December 2, 2024

COT Gold, Silver & USDX Report - December 2, 2024

By COT Gold Report

Positions as of 26 November, 2024

GoldSeek Radio Nugget - Bob Hoye: Gold in Early Stages of Bull Market

By Chris Waltzek, GoldSeek Radio

Hoye highlighted gold's bullish outlook, driven by rising prices and mining profits, recommending gold stocks for growing earnings as the sector outperforms during tough economic times.

Technical Scoop: Tariff Furor, Overvaluation Problem, Precious Seasonality

By David Chapman, Enriched Investing

Gold took a nasty hit last Monday, November 25 as gold (and silver) had a mini-heart attack over stronger PCE prices and the ongoing resilient U.S. economy. Gold fell 3.5%.

What I Told Investors At The 50th Anniversary New Orleans Investment Conference

By Avi Gilburt, Elliott Wave Trader

So, while I know you are hearing many who are looking for 5000, 7000, and even 10,000 in gold in this rally, I strongly doubt that potential at this time.

Why Naomi Wolf Is Great

By Llewellyn H. Rockwell, Jr.

Let’s do everything we can to publicize the work of this heroic champion of liberty!

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