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Friday Edition: December 20, 2024

Fed Tests Gold Upleg

Gold is passing this latest hawkish-Fed-surprise test with flying colors. Gold remained well above mid-November’s pullback low, and its monster upleg is alive and well.

Inflation Bites: The $38 Million Man

Federal Reserve Chairman Jerome Powell acknowledged the pain of price inflation during his press conference at the close of the December FOMC meeting.

What Will Happen To Gold When The US Replaces It With Bitcoin?

Gold prices have had one of the most bullish years on record, beginning the year at just over $2,000 breaking several all-time highs, and sitting above $2,600 at the time of writing.

The Bad "B" Movie "Weekend at Biden's" Dives Just Like Biden's Economy

The Biden government’s GDP just got improved, being revised upward, again, to 3.1% from 2.8%; but one should ask why we would believe that.

Fed Keeps the Party Going With Rate Cut But Threatens to Cool the Shindig Down

The rhetoric of the FOMC meeting was hawkish, as officials expressed concern that price inflation remains sticky well above the mythical 2% target.

Us Dollar Keeps Gaining

You've got a pattern of a higher high and lower low. The market is fighting a dollar that's on a run to the upside and interest rates that are higher for longer and higher.

Thursday Edition: December 19, 2024

Fed Fumbles, Dow Tumbles, Bonds Go for Broke

Powell admitted inflation is higher again and that the Federal Open Market Committee expects it to be slightly higher in 2025.

Scarcity, Gold, and Inflation: Lessons for Navigating a Volatile Economy

The Money Metals Midweek Memo marks its 50th episode with Mike Maharrey offering insights on economic principles, investment trends, and the current gold market.

Syria’s Collapse and Global Geopolitical Shifts

After nearly 14 years of brutal conflict, various jihadist groups backed by Turkey, the US, and Israel finally toppled the Assad government in Syria.

Soaring US Dollars And Soaring Interest Rates

The market is just in a straight line coming from $2761 and it's down to $2596. I mean, it's been relentless to the downside.

Wednesday Edition: December 18, 2024

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

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

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

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

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?

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?

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)

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

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

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

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

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

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”

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

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

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

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