Ira notes the impact of geopolitical tensions on financial markets, particularly the resilience of metals like gold despite broader market fluctuations.
While a gold ETF is a convenient way to play gold's price, you don’t possess any gold. You have paper. And you don’t know for sure that the fund has all the gold either, especially when it sees inflows.
Ira speculates on future price targets for gold, copper, and silver, and notes the ongoing decline in energy prices. Epstein also touches on geopolitical factors, such as...
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.
