Category: Gold & Silver 2024
The analysis published under this category are as follows.
Sunday, May 19, 2024
The Gold and Silver Ship Will Set Sail! / Commodities / Gold & Silver 2024
By: MoneyMetals
Over the last couple of months, gold has scaled record highs, peaking at over $2,430 an ounce before correcting and settling in the $2,300 range.
That's a healthy gain. But you could argue that gold remains significantly underpriced given the inflation we've experienced that continues to rapidly devalue the dollar.
That leaves many people wondering when gold is really going to break out.
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Thursday, May 09, 2024
Could Chinese Gold Be the Straw That Breaks the Dollar's Back? / Commodities / Gold & Silver 2024
By: MoneyMetals
There are cracks in the foundation of dollar dominance. Could Chinese gold be the straw that breaks the dollar’s back?
In a column published by the Telegraph, economist Julian Jessop points out that people have been predicting the dollar's demise for decades. Eventually, they'll be right.
“And that day may be drawing much closer.”
It may seem premature to talk about the demise of the dollar. Based on the dollar index, the greenback is stronger than ever. But this doesn’t necessarily reflect the greatness of the dollar. It’s more a function of weakness in other global currencies. As the saying goes, the dollar is the cleanest dirty shirt in the laundry.
Wednesday, May 08, 2024
Gold 2008 and 2022 All Over Again? Stocks, USDX / Commodities / Gold & Silver 2024
By: P_Radomski_CFA
Can the HUGE price move from those years really be repeated?
Analogous Situations: 2008, 2022, and Now
As gold continues to move back and forth in the same trading range, I decided to dedicate today’s analysis to something different. After all, I already described my current gold price forecast for May 2024 and the situation in the forex market remains just as I had described it earlier.
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Monday, April 29, 2024
Inflation Still Runs Hot, Gold and Silver Prices Stabilize / Commodities / Gold & Silver 2024
By: MoneyMetals
As economic data comes in worse than expected, investor uncertainty is rattling markets.
On Thursday, the Commerce Department released its estimate of Gross Domestic Product for the first quarter. GDP growth came in at a disappointing 1.6% -- well short of the 2.3% consensus forecast.
Stocks sold off on the news. But gold and silver markets bounced modestly off their lows from earlier in the week.
Monday, April 08, 2024
Gold Is Rallying Again, But Silver Could Get REALLY Interesting / Commodities / Gold & Silver 2024
By: MoneyMetals
Another week, another record high for gold.
On Wednesday, the monetary metal surged above $2,300 per ounce. It took a bit of a breather Thursday ahead of today’s key employment report but it rallied again on Friday.
Turning to silver, it made a significant breakout of its own this week. The white metal shot up above the $27 level to a fresh 2-year high and rallied to over $27.50 on Friday
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Sunday, April 07, 2024
It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet) / Commodities / Gold & Silver 2024
By: Gary_Tanashian
On the occasion of another standout payrolls report, we note that the macro is indeed changing beneath the surface
Another payrolls report, another beat of expectations. Here is the breakdown of the details as posted earlier. However, let’s pluck one graphic from that post and illustrate a phenomenon I’ve been watching unfold for several months in a row; that of unabated government hiring this election year.
The USS Good Ship Lollipop sails along, supported by its vast services economy and construction (a product of the services industries, not a productive industry itself, unlike for example, manufacturing) as well as a continued trend of brisk government hiring this election year. I am not going to play politics (I am dispirited by both major parties) but as usual, I am going to lay out facts so that we can properly manage the situation from an investment perspective.
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Sunday, April 07, 2024
What Happens To Gold Price If The Fed Doesn’t Cut Rates? / Commodities / Gold & Silver 2024
By: Kelsey_Williams
GOLD PRICE IF THE FED DOESN’T CUT
With the increasing gold price of late comes the assumption that the expected cut in interest rates will open a torrent of cheap money that will bring the U.S. dollar down with a thud. But, what would happen to the gold price if the Fed doesn’t cut interest rates?
What seemed like a universally expected event may not be as likely as some have assumed. In fact, the Fed has a history that includes examples of pivots and re-pivots; or, ignoring the presumed pivot and staying the course.
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Monday, March 11, 2024
Gold and the Long-Term Inflation Cycle / Commodities / Gold & Silver 2024
By: Clif_Droke
Of the many factors that determine gold price trends, the long-term cycle of inflation and deflation is of singular importance. The cycle in question corresponds closely to the 50-to-60-year economic periodicity known as the Kondratieff Wave (or K-Wave), but is in fact a separate cycle. As we’ll discuss here, the cycle tells us to expect a gradual acceleration of inflationary pressures between now and the year 2029, with particular significance for gold investors.
The K-Wave was brought to renown in the 1920s by the Russian economist Nikolai Kondratieff and is widely regarded as the predominant economic super cycle. This cycle arguably represents the most casual approach to identifying the real supply/demand conditions of any free market economy and is especially applicable to the United States. (Cycle analysts have even identified this cycle as existing as far back as thousands of years ago in Assyria and the Roman Empire.)
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Saturday, March 09, 2024
Investors Don’t Believe the Gold Rally, Still Prefer General Stocks / Commodities / Gold & Silver 2024
By: MoneyMetals
This week investors are witnessing a historic move in gold prices. The precious metal finally broke above a longstanding overhead resistance level to reach new all-time highs.
On Thursday, gold closed at $2,170 per ounce – its highest level since…well, since records have been kept.
As of this Friday recording, gold checks in at $2,203 an ounce on the heels of a 5.2% advance on the week – its best week in nearly six months. Silver shows a weekly gain of 5.9% to bring spot prices to $24.70 an ounce. Platinum is up 3.0% to trade at $926. And finally, palladium is putting in a 6.7% gain this week to come in at $1,061 per ounce.
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Saturday, March 09, 2024
Paper Gold Vs. Real Gold: It's Important to Know the Difference / Commodities / Gold & Silver 2024
By: Submissions
When you’re considering investing in precious metals, you are confronted with many options. Silver or gold? Bars or coins? And what in the world is an ETF?
Understanding the differences between an ETF and physical gold and silver is an important first step in the journey to precious metals investing.
ETF is an acronym for “Exchange Traded Fund.” In simplest terms, an ETF represents a basket of investments that trades on the market as a single entity. An ETF could represent just one commodity, such as oil, or it could hold a wide range of assets such as tech stocks. The mix of securities that can potentially be held in an ETF is limited only by your imagination.
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Wednesday, February 07, 2024
Gold Price Long-Term Outlook Could Not Look Better / Commodities / Gold & Silver 2024
By: Clive_Maund
I haven't written much about gold in the recent past — since the failed breakout attempt early in December — simply because I haven't known what to make of it, and that indecisiveness has been reflected in the market itself, where we have seen gold stuck in a fairly narrow trading range, but now things are starting to become a lot clearer both fundamentally and technically, and as we will proceed to see, it's not a pretty picture.
On gold's latest 6-month chart, we can see the trading range that has built out since early December, and it is now becoming clear that the pattern that has formed is a Head-and-Shoulders top that also has the characteristics of a Double or Triple Top or a Symmetrical Triangle and right now it is on the point of backing off from the Right Shoulder peak of the pattern.
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Monday, February 05, 2024
Gold Tipping Points That Investors Shouldn’t Miss / Commodities / Gold & Silver 2024
By: P_Radomski_CFA
The situation in gold and gold stocks is not stagnant. Something shifted. And the implications are not minor.
A Moment of Realization
In 1993, Aerosmith released the song called “Amazing”. I really enjoyed it when it came out and some of the lyrics stuck in my mind. When I was reviewing the charts to prepare today’s analysis, I recalled a part of that song. I wasn’t sure why, as it’s been sometime when I was listening to it.
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Sunday, February 04, 2024
Gold Price’s Rally is Normal, but Is It Really Bullish? / Commodities / Gold & Silver 2024
By: P_Radomski_CFA
Gold price rallied this week, and this got many heads turning. Rightfully so?
Let’s check the details and see what really happened.
Having said that, let’s take a look at gold’s rally.
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Saturday, January 27, 2024
Gold:Silver Ratio Signals Silver on Sale / Commodities / Gold & Silver 2024
By: MoneyMetals
Silver is underpriced.
In other words, silver is on sale.
The current gold-to-silver ratio reveals this.
This ratio tells you how many ounces of silver it takes to buy one ounce of gold. Or to put it another way, the gold:silver ratio tells you the price of gold in silver.
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Sunday, January 21, 2024
Which Countries Have the Most Gold? / Commodities / Gold & Silver 2024
By: MoneyMetals
Which countries have the most gold?
Central banks around the world have aggressively added gold to their reserves over the last several years.
In 2022, central bank gold buying came in at 1,136 tons. It was the highest level of net purchases on record dating back to 1950, including since the suspension of dollar convertibility into gold in 1971. It was the 13th straight year of net central bank gold purchases.
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Friday, January 19, 2024
Gold Builds Support at $2,000; What's Next? / Commodities / Gold & Silver 2024
By: MoneyMetals
Gold appears to have built solid support above $2,000 an ounce, but momentum to move higher in the short term has eased with uncertainty about the timing of Federal Reserve rate cuts.
But short-term sentiment aside, there are plenty of reasons to remain bullish on the yellow metal.
The Fed appeared to surrender to inflation at its December meeting. While the central bank held rates steady, it signaled three rate cuts for 2024 with another four cuts in 2025. That would lower rates to between 2 and 2.5 percent.
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Friday, January 19, 2024
Bitcoin Is No Substitute for Gold / Commodities / Gold & Silver 2024
By: MoneyMetals
With Bitcoin making the news last week when the Securities and Exchange Commission (SEC) finally approved exchange traded funds, it’s a good time to review the topic again.
Bitcoin still offers the potential to serve as a form of honest money and to end-run the central bankers and politicians who have abused the fiat system so badly.
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