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Friday Edition: December 20, 2024

COT Gold, Silver & USDX Report - December 20, 2024

By COT Gold Report

Positions as of Tuesday December 18

Fed Tests Gold Upleg

By Adam Hamilton, Zeal Research

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

By Mike Maharrey, Money Metals

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?

By David Russell, GoldCore

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

By David Haggith, The Daily Doom

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

By Mike Maharrey, Money Metals

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

By Ira Epstein

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

By David Haggith, The Daily Doom

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

By MoneyMetals

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

By Doug Casey, Casey Research

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

By Ira Epstein

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

By Mike Maharrey, Money Metals

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

By Mike Maharrey, Money Metals

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

By Ira Epstein

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

By Stewart Thomson, Graceland Updates

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?

By Mike Maharrey, Money Metals

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?

By Dr. Ron Paul, Ron Paul Institute

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)

By Mike Maharrey, Money Metals

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

By Ira Epstein

The market is now under the 18-day average of closes, which puts the next support at $2640.

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