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Tuesday Edition: May 21, 2024

Gold: Chinese Gamblers Take Centre Stage

Chinese citizens are the world’s biggest gamblers and they’ve been gambling with gold on their futures market (SHFE). 

Signed Into Law: Alabama Abolishes Income Taxes on Gold and Silver

The sale of precious metals is excluded from AL taxpayers' adjusted gross income (AGI). This shields individuals from tax on constitutional forms of currency.

End the Fed…and Replace It with What?

Rep. Thomas Massie’s bill, the Federal Reserve Board Abolition Act (HR 8421), directs the Fed to transfer its assets to the U.S. Treasury Department and thereafter cease operations.

CPI's Little Head Fake

While Powell has been hoping the past year of rising inflation would turn out to be a blip, the only “blip” was the slight return to falling inflation in April.

Is the Melt Up Ending in Metals?

You can see how the market shot up and got to $2454, and it's back down to $2430. The pattern is still bullish, with higher lows, and higher highs.

Asian Metals Market Update for 21st May 2024

Gold is still in diversification mode as traders and nations hedge against long-term decline in the purchasing value of currency markets.

Monday Edition: May 20, 2024

GoldSeek Radio Nugget - Bob Moriarty: "I've never seen silver move this fast."

Moriarty highlights a big rise in silver and gold prices and predicts the rally will continue due to strong investor sentiment.

Brien Lundin Unpacks Gold and Silver Trends Amid Inflation Concerns

Maharrey and Lundin talked about the factors driving the recent gold price rally, which saw prices fluctuating between $2,300 and $2,400 an ounce.

The Gold and Silver Ship Will Set Sail!

The thing is there are only so many seats on board, and prices are relatively cheap at present. Do you really want to wait until the final hour?

Gold SWOT: Silver Has Soared by Almost a Quarter in 2024, Outpacing Gold

Gold’s record-setting rally may have captured the headlines, but silver is running harder and faster as the less glamorous metal benefits from financial and industrial demand.

Technical Scoop: Historical Crisis, Precious Rally, Oily Poise

Gold continues in fresh territory...over $2,420 new highs are probable. Targets for gold range from $2,500 to as high as $2,800. Support is now seen at $2,300, $2,200, and $2,100.

Sunday Edition: May 19, 2024

GoldSeek Radio Nugget - Alasdair Macleod: India's Influence on Gold and Silver

Macleod notes India's growing economy and industrial demand are driving silver prices up, potentially challenging historic highs as gold remains strong and currencies weaken.

80-Year-Old Vet Scammed out of $1.5 Million in Gold Bars

The scammers allegedly conned the man into transferring a total of around $1.5 million of his retirement money in gold bars.

Several States Take Steps to Block a Central Bank Digital Currency

Governments sell the idea of CBDC by promising a safe, convenient, and more secure option to physical cash, and eliminating it gives them the potential to track consumer spending.

Another Gold All-Time High is Nigh

Is Gold’s near-term correction completed? Given the yellow metal’s upside price action since then, we can now answer in the affirmative (yes).

The Congressional Jerry Springer Show

Alexandria Ocasio-Cortez and Marjorie Taylor Greene got into a catfight over nothing having anything to do with the subject of the meeting (House Oversight Committee hearing).

An Inflation Conversation

As I continuously say, inflation is never “good.” Even a low inflation rate will slowly but surely devalue your savings and raise the price of essential goods and services.

Friday Edition: May 17, 2024

GoldSeek Radio Nugget - Bob Hoye: Rising Gold Prices Hint At Economic Downturn

Hoye notes that current trends, such as rising real gold prices, a strong US dollar, and increasing interest rates, indicate we are heading towards another Great Contraction.

Gold Miners’ Q1 2024 Fundamentals: Upleg Gains Still Coming

Despite fantastic fundamentals, major gold stocks remain seriously undervalued relative to their metal. Traders initially ignored gold’s remarkable breakout surge, but they are starting to pay attention, rekindling gold-stock outperformance.

Gold Stocks: The Juniors Are Red Hot

We’re in the “buy for blastoff” zone now for a lot of the junior miners.

Gold's Long-Term Price Structure Is Pointing Towards $20,000. 10X Like The 70's

We advise holding onto your investments with confidence and not selling. Additionally, consider acquiring physical Gold and Silver, as well as carefully selected mining equities.

Why Gold Is Flowing From West To East

In the West, central bank decisions and economic data remain at the forefront of buyers’ minds. Central banks, institutions, and consumers are focused on gold accumulation in the East.

Could We See $27,000 Gold?

Jim Rickards points out that you can’t have a price that’s too high. If so, investors would sell gold for dollars and spend freely. If the price is too low, people will hoard gold.

Markets’ Futile Hopes for a Rise in Unemployment to Lift Stock Values Just Got a Little Downdraft

Fed heads chirped in saying they're in no hurry to raise rates. Stock and bond markets are insane in their fantasy that the Fed will quickly lower rates in a helicopter rescue operation.

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