Positions as of 30 May, 2023
The bottom line is gold’s hawkish-Fedspeak-driven May pullback has likely mostly run its course. Top Fed officials have been talking tough on future rate hikes, but now they have to..
Rising interest rates are pushing over-indebted countries to their limits.
Churchill's plan to restore gold's place in the monetary system was not the problem.
A super dove at the Fed speaks yesterday but ADP was super strong. The jobs report out this morning will be a market mover. How strong of a number will it be? Gold had a bounce..
We are in a B-wave bounce in Gold. I do not believe we will run to a new high on this run, it is a trap. Usually these rallies last 5 to 8 days...
We are probably getting to that point where unemployment will turn upward, but there will be a lot of damage set in place by the Fed to play out in the months thereafter.
Goldman Sachs expects a continued focus on mergers and acquisitions due to the supportive gold price environment and strong balance sheet positions.
Today is a big day with some key reports: ADP and layoff data. Friday's jobs report and debt-ceiling vote. Gold's resistance is at $1,988.20 zone ...
Instead, the U.S. Congress can now simply borrow and spend until January 1, 2025...with no restrictions! And why do these hypocrites do this?
But, when we break that 4104SPX support, that will open the door to the bigger pullback I am expecting as we look out a number of months from today.
Federal obligations will be "paid" with ever more rapidly devaluing dollars. The nation is on a one-way road to ongoing currency debasement.
Copper finding demand problems and price pressures from China. Gold under pressure too. JOLTS report out today. Next datasets will help to guide the Fed's next rate move.
Greenback hegemony tied to victories in WWI & WWII. Will the Greenback survive the decade? Stagflation? Keynesianism to the extreme may break the global economy.
The gold market reaction continues, and the daily closing price chart does a good job of highlighting key buy zones for investors.
What are the preconditions necessary for a FedCoin and why are they coming to the fore now? What will happen to banks and could the Fed be the lender of first and only resort?
“We are entering an exciting phase of our Company’s development with the 2023 fully funded drilling program of our three projects having started...”
We are in the declining phase of an intermediate decline. I think our bottom in gold will be in the 1,850-1,900 area..
Debt-limit games continue and the deal could still fall apart. Gold continues to trade well above the 18 month average ($1,837.20).
Big three weeks ahead with US jobs, US inflation numbers and Federal Reserve meeting and other central bank meetings.
U.S. Debt default. Past Debt defaults. Inflation risk. U.S. bond alternatives.
The main objective of the trenching program is to better define the orientation and full width of the mineralized structures prior to starting the drill campaign.
Recession or no recession? Apparently Germany has fallen into a recession. Could we be far behind? The indicators keep saying yes we will.
Microsoft's bullish rampage last week added to already strong evidence that the stock market is headed to new records highs.