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.
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.
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.
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.
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.
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.
Macleod discusses how paper currencies are failing, leading Asian countries to consider a gold standard. He suggests that silver may rise faster than gold as a strategic investment.
