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Thursday Edition: December 26, 2024

End Congress’s Christmas Tradition

This week, a new twist in D.C.'s Christmas tradition: not the White House tree lighting, but the passage of a "continuing resolution" (CR) to fund the government and avoid a shutdown.

Gold Stocks: Managing The Grinch

The world is likely headed toward a mix of deflation and inflation. The uncertainty is good for gold, and it will encourage unconventional risk-taking among money managers.

Learning to Trade the Gold Bull

We're really probably not going to look for a top until 2028. As long as that remains in effect, then any long position in the metals is going to be a winning trade.

Tuesday Edition: December 24, 2024

Inflation is Going to Fight the Fed HARD!

Recession and resurgent inflation are hitting working people hard at the same time. Here are the many facts that show an intense storm of stagflation is looming right behind us.

Budget Deal Avoids Government Shutdown But Exposes Bigger Problem

The most important thing to understand about the budget deal is that it added more spending to the already bloated federal budget.

The Threat of Cashless Societies

There are two predominant dangers that come with a cashless society, and just about every negative that you can think of due to such will fall into one of these two groups: Denial of purchasing power A complete loss of anonymity

Be careful of light volume worldwide

Currency markets continue to melt away as we near Trump's term. Gold's short-term pattern is in a negative posture, oversold with support near -- a lot of back and forth in the market. 

Monday Edition: December 23, 2024

John Williams: We're In a Dangerous Circumstance--Risk of Hyperinflation Ahead

So it’s still a dangerous time. There is also the risk of a hyperinflationary economic collapse. That would be the worst of all worlds. Gold would preserve your purchasing power during a runaway inflation. That's been seen time and again throughout history.

USD, Rates, & Gold: Synergistic Waves

Elliot wave counts, gold target: $3,101.20 Active Positions: Long gold, with puts as our stops!Active Positions: Long gold, with puts as our stops!        

Last Week’s Plunge Was Worse than It Seemed

And if you’re superstitious and believe in curses, there is this headline from the latest edition of Barron’s: “Stocks Could Gain Another 20% in 2025. Embrace the Bubble”. Contrary indicators don’t get better than that.

“I Think It’s Pretty Clear We’ve Avoided a Recession”

Two indicators I consider primary to macro boom/bust signaling are forecasting an oncoming bust and market liquidity contraction, respectively. These indicators are not necessarily good timers, but they are conditions that will likely be in effect when the next economic bust and market liquidity problems manifest.

Gold SWOT: BMO: Conditions Appear Favorable for a Broader Gold Equity Rally in 2025

With spot gold hovering near record highs around $2,700 per ounce, conditions appear favorable for a broader gold equity rally in 2025. BMO expects investors to remain selective in the first half of the year, waiting for more clarity on cost management and capital allocation strategies.

Still No New Highs For Gold Since 1980

When comparing intraday highs, the latest gold price peak of $2785 is far cheaper than its 1980 ($3407) inflation-adjusted price.

Gold Seems to Be Without Trend

Gold on the weekly chart is fighting a big battle at the 18 week moving average, this is going on for almost 2-months now. Bulls believe Trump's tariffs will bring in more inflation while bears believe we already had our rally.

Sunday Edition: December 22, 2024

Global Trade Routes are Shifting Part I

Who trades what along which routes has been an important part of economic history. For eons, trade routes were part of globalization which, with its free movement of goods, money and information, most economists still see as the key to growth and prosperity.

Sentiment Speaks: Why Do We Rely On News

So, as I have noted, the more and more we begin to study the psychological aspects of our financial markets, the more we understand why we see movements such as this past week.

Gold Seeks Charisma ‘Round Inflation’s Enigma

Gold whilst seeking some charisma at least technically still looks to falter a bit; but fundamentally as the late great Richard Russell would remind us, there’s never a bad time to buy it.

Quantum Supremacy

Quantum computing is going to change pharmaceuticals, healthcare and longevity, material science with the discovery and introduction of brand-new classes of materials. The applications are almost limitless. It will be driving the economy in the 2030s in ways that we can’t now imagine.

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