Young people are also becoming increasingly aware of the increasing risk in today's economy with rapidly increasing government debt and rampant price inflation.
Other than a promise to cut “wasteful” spending, and a pledge to eliminate the Department of Education, the Republican platform is largely silent on proposals to reduce federal spending.
Bullion investors in the U.S., who tend to skew conservative or libertarian, may be feeling less anxious in recent months.
This isn’t just the most tumultuous year of political chaos in the US; geopolitics has ramped up in the last few months to suddenly outweigh inflation as a concern for markets.
The labor market isn’t telling us the economy is strong. It’s signaling recession with full-time employment dropping.
The best-performing precious metal for the week was gold, but still down 0.80%. Total known ETF holdings of gold bottomed out at 80 million troy ounces on May 13, 2024.
The company announces that it will release its unaudited financial statements and MD&A for the second quarter on Wednesday, August 7, 2024, after the market closes.
The gold market tested a prior triple top and stays above the 18-week average. Despite pullback from a high of $2488.40, support is likely at the 18-day average of closes.
Long-term investors and medium-term investors, do not worry an iota for gold, silver, and copper. A 'buy on dips' mentality is still evident in gold and silver. Short selling is done only by intraday traders.
