Central bankers overwhelmingly said they expect global gold reserves to continue growing in the next 12 months. They seem to be putting their money where their mouths are.
The big picture of global government is a picture of debt, extortion, and fiat-oriented bravado. The long-term meltdown of fiat against gold is undeniable, and the next big leg down could involve oil.
Gold demand is driven by the "fear trade" (buying fueled by inflation, wars, monetary expansion, and financial instability) and the "love trade." The more durable driver comes from the love trade.
The captain is looking for a significant dip in rates in the medium term, which could be the catalyst for the next big gold market rally! Wave i is still underway, as shown on our Daily Chart.
At its current pace, the People’s Bank of China could continue buying gold for another five years before its reserves reach levels comparable to U.S. Treasury holdings.
We look at gold in three charts. Despite the steep correction all signs point to the drop coming to an end. Volatility has been rising. We look at the VIX Volatility Index as our chart of the week.
Ira Epstein discusses the current state of the metals market, highlighting significant price movements in gold, silver, and copper amid geopolitical tensions involving the U.S., Israel, and Iran.
