Longer term, there's a very bullish view of metals in the coming years. But how should one take advantage of that opportunity?
For many, the jobs data is just too good to be true. The BLS has a long history of cooking the data to paint a rosy picture.
Pretending things were not as they really were left us all with a worse world — just as the media did with the Fed when it pretended the Fed was right about inflation being transitory and all simply parroted the narrative they were force-Fed.
Although Gold has pulled back and its latest breakout attempt failed, it remains fairly close to the most significant Gold breakout in 50 years...
Regardless, if you come across an irresistible young Asian woman online who wants to talk about bitcoin, you would be wise to end the conversation then and there.
Might central banks continue tightening to the detriment of financial markets? Financial-sector crisis. "Everyone (investor) should buy some gold." Increased risk of conflict between NATO and BRICS.
The price of gold would have to exceed $2300 just to match its 2020 peak. Beyond that it would need to move as high as $2400 to match its 2011 peak.
It is possible that the swaps provide a mechanism for bullion banks to return gold originally lent to them by central banks to cover bullion bank shortfalls of gold.
Avoiding default was great but this deal was yet another missed opportunity to rein in debt growth, which will continue and even accelerate.
Rising interest rates are pushing over-indebted countries to their limits.