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Friday Edition: October 11, 2024

COT Gold, Silver & USDX Report - October 11, 2024

By COT Gold Report

Positions as of Tuesday, October 8, 2024

Gold Miners’ Epic Quarter

By Adam Hamilton, Zeal Research

Last quarter’s dazzling record gold prices combined with forecast lower mining costs will catapult unit earnings and Q3 results to astounding levels.

Gold Stocks: The Correction Ends Now

By Morris Hubbartt, Superforce Signals

With gold correction mode likely ending now, our focus is winning miners to buy. 

Is Now The Right Time To Buy Gold Coins?

By David Russell, GoldCore

Towards the end of last month gold futures passed the giddy heights of $2,700. This move signalled a 42% rise in the price of gold since October 2022.

The Inflation Train is Arriving on Schedule, and the Labor Train is Departing

By David Haggith, The Daily Doom

The Fed's plans are faltering. With summer over and a recent rate cut, bond vigilantes are pushing rates up, leading members to consider stalling future cuts due to rising inflation.

China to Announce Stimulus

By Ira Epstein

The pattern has been one of lower highs, lower lows if you look at the swing line study.

Thursday Edition: October 10, 2024

Silver's Potential Amid Economic Shifts

By MoneyMetals

While some investors feel silver has underperformed compared to gold during this bull market, Mike points out that silver’s growth in percentage terms has mirrored gold’s rise.

Fortuna Reports Solid Production of 110,820 Gold Equivalent Ounces for the Third Quarter of 2024

By Fortuna Mining Corp.

Gold and silver production for the nine months of 2024 totaled 273,645 ounces and 2.9 million ounces, respectively, or 339,933 ounces of gold equivalent...

Sound Money Movement Chalks Up Seven State Legislative Victories in 2024

By Jp Cortez, Sound Money Defense League

This year is proving to be highly successful for U.S. sound money. Money Metals Exchange played a key role in six new victories and one important defensive win.

Metals: US Interest Rates Soar Sending USD Higher & Metals Lower

By Ira Epstein

When we take a look at what the market's doing here, you've entered a downtrend status of lower highs, lower lows.

Wednesday Edition: October 9, 2024

Breakout in Silver

By Gary Savage

This is where the cartel really died...they tried multiple times here to drive gold back below $2000, but failed to do it.

Credit Card Spending Tanked in August; The American Consumer Tapped Out?

By Mike Maharrey, Money Metals

Overall, consumer debt climbed by 2.1 percent as Americans added another $8.9 billion to their debt balances.

Gold Stocks: A Cup & Handle Is Born

By Stewart Thomson, Graceland Updates

A big decline in rates is likely, and it “should” be accompanied with a surge to $3000-$3300 for gold.

Turmoil is the Word of the Day

By David Haggith, The Daily Doom

The yield curve now predicts inflation, as a key deflationary area that helped lower CPI seems to have reached the end of its deflationary influence.

De-Dollarization: Could a Petroyuan Usurp the Petrodollar?

By Mike Maharrey, Money Metals

In a nutshell, you should be wary of counting on global petrodollar dominance to prop up the U.S. House of Cards economy.

China’s Stock Market Sell-off Takes Metals Lower

By Ira Epstein

So everything's been delayed as I look at it, lower highs, lower lows.

Tuesday Edition: October 8, 2024

Fortuna Responds to Recent Media Reports Concerning Burkina Faso

By Fortuna Mining Corp.

Fortuna sought clarification from the Ministry of Mines and received confirmation that the government has no plans to withdraw existing mining permits compliant with Burkina Faso’s laws.

American Neocons Get Their Iran War as Congress Sleeps

By Dr. Ron Paul, Ron Paul Institute

More billions will be drained from our economy and many more innocent lives will be lost in this madness.

The Biggest Scandal Isn’t What Is Illegal but What Is Perfectly Legal

By Chris Powell, GATA

Pam and Russ Martens of Wall Street on Parade critique the U.S. repeal of the Glass-Steagall Act in 1999, highlighting how it risked ordinary bank deposits at JPMorgan Chase.

Sentiment Speaks: If You Follow The Fed Then You Are Behind The Curve

By Avi Gilburt, Elliott Wave Trader

When the Fed finally followed the market in lowering rates, the market made the Fed look even more foolish by starting its decline in bonds the day before the Fed announcement.

No Silly Keynesian! Hurricane Helene Won't Create an Economic Boom!

By Mike Maharrey, Money Metals

Destruction isn’t progress. This is just a silly Keynesian claptrap.

Fake News on the Economy Is Driven by Fake Money

By Stefan Gleason, Money Metals

The financial media is praising last Friday's surprise jobs report. The Labor Department announced that employers added 254,000 jobs in September, far exceeding forecasts.

Metals: China Says It Will Announce More Stimulus

By Ira Epstein

So I'm looking for support, I am not looking for gold to fall apart.

Monday Edition: October 7, 2024

Gold SWOT: Hungary Increased Gold Reserves, Citing Gold's Role as a Haven

By Frank Holmes, U.S. Global Investors

Hungary’s central bank has raised its gold reserves, citing the precious metal’s role as a haven amid rising market uncertainty.

The Many Roads to Liberty

By Llewellyn H. Rockwell, Jr.

Most readers of my weekly column already favor a libertarian society, with either a strictly limited government or no government at all. They realize what a disaster the state has been.

Exploring Sound Money with Mike Maharrey and Joshua D Glawson: Insights from Money Metals

By MoneyMetals

Maharrey sat down with Glawson to discuss the company’s ongoing efforts to provide valuable resources and education on sound money, and precious metals investing.

Gold Getting a Boost from the "Debasement Trade"

By Mike Maharrey, Money Metals

Gold has been pushed to record highs in recent weeks. A weakening dollar and lower real bond yields have created tailwinds for the yellow metal.

Fed Cuts Rates But Bond Rates Are RISING

By Kelsey Williams

Stock investors seem almost oblivious to the reality of accelerating deterioration in the economy. Stock prices will eventually reflect that reality.

Copper Bulls vs Bears

By Richard Mills, Ahead of the Herd

Copper bears may lead in the short term, but post-2025, demand is set to outpace supply due to the energy transition and China's economic recovery.

Central Bank Gold Buying Moderated in August But Remained Positive

By Mike Maharrey, Money Metals

Analysts at ANZ Bank recently said they expect central bank gold buying to remain hot for at least the next six years.

Technical Scoop: Potential Scares, Golden Falter, 25 Consensus

By David Chapman, Enriched Investing

Gold was flat on the week—okay, off 0.01%. Given that the US$ Index jumped higher and bond yields rose, that gold remained flat was a positive sign.

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