Commercial traders would almost certainly be buyers at $1925. That’s the number I suggest gold bugs focus on for any new buys while cheering for gold to go to the $2080 highs...
The problem is that this policy was not heroic on the big macro picture. Quite the contrary, this “victory” was destructive… of the middle and lower classes and by extension, society itself.
How the S&P takes shape over the coming weeks will likely tell us if we can get to a new all-time high before that long-term bear market begins in earnest.
For the foreseeable future, copper supply is 80% concentrated in just five mines, all of which have major off-take agreements with South Korea, Japan, or China.
CPM Group Founder Jeffrey Christian: "Investors should always have a portion of their wealth in gold and silver. How much depends on political and economic conditions."
26 of the past 48 Decembers have been net positive for Gold, including each of the last six: +2.6%, +4.5%, +3.4%, +6.4%, +2.9% and +3.8% from 2017 through 2022 respectively.
Gold’s big winter rally, with potential to grow bigger than usual, is fueled by outsized demand first from holiday jewelry buying, then New Year investment buying.
