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Sunday Edition: July 21, 2024

GoldSeek Radio Nugget - John Williams: The Economy Isn't Growing

Williams says there is no GDP growth year-over-year adjusted for inflation. The gold and silver bull markets could remain solid on continued inflation concerns.

“And So Rates Will Be Higher”- Jerome Powell

In the world of interest rates, “higher for longer” is still the theme. Stocks (especially) and bonds are both fraught with risk at current levels.

Gold Stocks: Profit Booking Is Key

We have been across the board sellers of the senior miners this week (twice!), and US stock market sellers too.

Another Gold Pop n’ Flop

Despite Gold having taken a bit of a blow for the week, the fresh parabolic Long trend “ought” see yet another All-Time-High, shall we say, “sooner than later." 

Going, Not Gone

If housing prices don’t budge, neither will core services inflation. Barring some collapse in food and energy prices, that means overall inflation can’t fall much more from here. This is as good as it gets.

Friday Edition: July 19, 2024

Gold Stocks to Overshoot

Gold miners are about to report their best quarterly results and fattest profits ever, fueling institutional buying.

Gold At All Time High, Silver At $30. Now What?

Is it just Fed rates and presidential results, driving the gold price? Short-term, quite possibly. Long-term no.

The Bloom is off the Rose for this Economy (and the Sunflower Ain't so Sunny either)

The labor market's brief drop in unemployment was a head fake, with rates now rising above the Sahm Rule's threshold, indicating an imminent recession.

Asian Metals Market Update for 19th July 2024

I am not calling this week’s fall in gold and silver a bearish trend. This is just a correction and nothing else. Sector-wise position squaring and rebuilding is there.

Thursday Edition: July 18, 2024

If You're Going to Take a Bribe (You Shouldn't), at Least Get Gold

Here’s the kicker – gold holds its value and even appreciates over time. Unlike the $480,000 in cash Menendez received, the gold is worth a lot more today than it was then.

The Ascendance of Sociopaths in U.S. Governance

Now, I believe, it’s out of control. The U.S. is already in a truly major depression and on the edge of financial chaos and a currency meltdown.

The Move in Gold Stocks is Just Starting

In other words, Gold led the move from $2100 to $2400; now, miners can lead the move from $2400 to $3000.

Is Today's Market Mania a Mega Meltdown?

All along the way, I’ve said, “No cut! No pivot!” Now, at last, we MAY be getting closer to when the Fed will cut. I haven’t quite decided if this is the turning point or not.

Wednesday Edition: July 17, 2024

Should I Buy Silver Miners? David Morgan Explains

Now, demand for silver is climbing. And there is a supply shortage. But with narrow margins, times are tough for silver mining companies, even with silver at $30.

Putting the National Debt Into Perspective We Can All Understand

According to the National Debt Clock, every American citizen would have to write a check for $103,565 to pay off the national debt.

Stocks Soar for Economy in Doldrums

Powell has ultimately held out on rate cuts as I was certain he would, but the market keeps cutting him grace and rising anyway. Now, I’m not as sure that Powell will hold out.

Indian Gold Demand Expected to Support Extended Gold Rally

India's solid gold demand shows a trend of gold flowing from West to East. While investment demand in Europe and North America remains tepid, investors in Asia are eagerly buying gold.

Gold Stock Bears: Should They Retire?

The bottom line: There will be bumps in the gold bull era road, but gold bugs in the West likely have 36 years of very happy times ahead.


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