|
|
Post by Entendance on Oct 3, 2024 2:29:35 GMT -5
|
|
|
|
Post by Entendance on Oct 9, 2024 8:04:17 GMT -5
|
|
|
|
Post by Entendance on Oct 11, 2024 5:30:48 GMT -5
|
|
|
|
Post by Entendance on Oct 12, 2024 5:10:58 GMT -5
'The trend in the Gold market is clearly up because there are big buyers standing behind gold and picking it up whenever they can — that is the central banks that are switching their dollar reserves into Gold. And that’s going to be such powerful, strong, sustained buying on a major scale that the world has never seen before. And that will keep Gold going up for years.
And this is why I have been saying for years that gold is not going to go up by small amounts or small percentages. It will go up by multiples in price in the coming years because of the central banks, especially after the US confiscated the Russian assets. The central banks are not willing to hold their reserves in US dollars anymore. And the only alternative to that, because they can take it and store it in their country, is physical Gold. So that’s what’s happening, we have big, big buyers continuously buying gold.
Many people say they are going to wait for the correction to buy. There won’t be a big correction. This is not 2008 now. This market is totally different. We have now these powerful…'
 After Large Up-Revisions, “Core” & “Core Services” PPI Inflation Not Benign at All. Whole Scenario Changed for the Worse
|
|
|
|
Post by Entendance on Oct 18, 2024 2:35:17 GMT -5
Gold futures touch an intraday record high of $2,712.70 on Thursday
The rally in gold showed little sign of a slowdown on Thursday, even as futures prices for the precious metal touched their highest intraday level on record - for the 33rd time so far this year.
Gold isn't likely reach a price ceiling anytime soon, said Michael Armbruster, co-founder and managing partner at Altavest. "The trend is up and the key drivers for gold are unchanged - out-of-control federal spending which ultimately forces the [Federal Reserve] to debase the U.S. dollar," he told MarketWatch.
"Foreign demand remains strong, and we are likely to hear more from the BRICS bloc regarding their de-dollarization plans," Armbruster said, referring to Brazil, Russia, India, China and South Africa. "Western investors have been slow to embrace gold, and if that changes, it could turbocharge gold higher."
In Thursday dealings, gold for December delivery (GC00) (GCZ24) was up $13.80, or 0.5%, at $2,705.10 an ounce on Comex, after tapping a high of $2,712.70. The intraday high surpassed the previous intraday record high for a most-active contract of $2,708.70 from Sept. 26, the same day prices marked an all-time settlement high of $2,694.90.
So far this year, gold based on the most-active contract has hit 33 intraday record highs - the most in a calendar year since 2011, when there were 38 record highs, according to Dow Jones Market Data.
Gold is "climbing against all paper currencies, not just the U.S. dollar," said Colin Cieszynski, portfolio manager and chief market strategist at SIA Wealth Management.
The precious metal saw support Thursday, in particular, from the European Central Bank rate cut, "which reminds everyone that most of the major central banks have gone into easing mode, not just the Fed," he said.
The ECB reduced its key interest rate by another 25 basis points, to 3.25%. The rate cut "contributes to the belief that most central banks are on a protracted easing path," said Peter Grant, vice president and senior metals strategist at Zaner Metals, adding that lower interest rates are supportive to gold.
The uptrend for gold 'looks strong, and I believe we could rally into year-end.' Peter Grant, Zaner Metals
Meanwhile, U.S. economic data released Thursday were somewhat mixed. Better-than-expected retail sales and the Philly Fed's factory gauge were offset to some degree by weaker-than-expected industrial production, Grant told MarketWatch. Gold prices dipped shortly after retail-sales data showed an increase of 0.4% in September, then moved up in the wake of a September drop of 0.3% in industrial production.
The uptrend for gold "looks strong, and I believe we could rally into year-end," Grant said. "I continue to be impressed by gold's resilience in the face of recent dollar gains." -Myra P. Saefong
|
|
|
|
Post by Entendance on Oct 19, 2024 1:57:01 GMT -5
|
|
|
|
Post by Entendance on Oct 25, 2024 8:21:08 GMT -5
03:35 Introduction to Michael Oliver and Momentum Structural Analysis
09:35 The US stock market: a “bubble” poised to break
13:50 The degradation of the Money Unit, using 2009 as a benchmark
20:35 The Fed’s 50 basis point cut amidst a stock market rally.
26:40 Michael's analysis of Gold and Silver movements with MSA charts
34:55 Government monopoly over money supply control
38:50 It might take a crisis to reassess the economy
47:15 The evolving multipolar world and increasing demand for Silver
|
|
|
|
Post by Entendance on Oct 26, 2024 2:54:11 GMT -5
'...Whoever wins the 2024 presidential election will face an unprecedented fiscal situation upon taking office. The national debt is projected to reach a new record high as a share of the economy only three years from now, well within the next presidential term. Already, the cost of servicing our high and rising national debt has eclipsed the cost of defending our nation or providing health care to elderly Americans. Three important trust fund programs are on track to become insolvent within the next 12 years, putting Americans’ retirement and health care at risk and limiting our ability to continue to update our aging infrastructure...'
|
|
|
|
Post by Entendance on Oct 27, 2024 3:42:21 GMT -5
A record $628 billion in US credit card debt is now unpaid or rolled over every month.
Over the last 3 years, revolving balances have jumped by $204 billion, or 52%.
This comes as the average interest rate on credit card debt spiked to a record 25% from 15% during this period.
At the same time, prices in the US have increased by ~20% on average which has driven credit card purchases higher.
All while $2.3 trillion in excess savings have been depleted, increasing reliance on debt.
US consumers are "fighting" record prices with debt.
|
|
|
|
Post by Entendance on Oct 29, 2024 4:28:00 GMT -5
|
|
|
|
Post by Entendance on Nov 2, 2024 6:02:02 GMT -5
|
|
|
|
Post by Entendance on Nov 3, 2024 11:06:41 GMT -5
|
|
|
|
Post by Entendance on Nov 7, 2024 14:40:08 GMT -5
Summary
This report underlines that economic statecraft has returned to the fore again and it fundamentally differs from economic policy – Trump’s re-election underlines that point.
This requires markets to focus not only on macrostrategy but on a broader, more geopolitical hybrid which we dub ‘Grand Macro Strategy’.
We will first define the differences between economic policy and statecraft as well as the related term of grand strategy, its key concepts, its toolkit, and the latter’s dynamics.
We will then look at how present economic statecraft in the US and EU sits relative to historical experience and highlight specific episodes from the past perhaps worth considering if the current geopolitical trend continues Macrostrategy vs. 'Grand Macro Strategy' PDF
H/T Tom from Florida
|
|
|
|
Post by Entendance on Nov 8, 2024 4:04:38 GMT -5
The FAO Food Price Index increased 2% to 127.4 in October 2024, reaching the highest since April 2023, led by a general increase in commodities except for meat. Vegetable oils recorded the biggest increase (7.3%) and reached the highest level since November 2022, driven by higher quotations across palm, soy, sunflower and rapeseed oils. Also, sugar went up 3.3% to the highest in seven months, amid persisting concerns over the 2024/25 production outlook in Brazil, following a prolonged period of dry weather conditions. In addition, dairy prices increased 1.9% to hit the highest value since January 2023, led by international cheese prices. Finally, cereals prices edged up 0.8%, mostly reflecting concerns over unfavourable weather conditions affecting winter crop sowing in several major northern hemisphere exporters, including the European Union, Russia and the US. In contrast, meat cos edged down 0.3%, with international pig meat prices falling the most...
|
|
|
|
Post by Entendance on Nov 9, 2024 12:31:17 GMT -5
|
|
|
|
Post by Entendance on Nov 12, 2024 2:29:13 GMT -5
|
|
|
|
Post by Entendance on Nov 16, 2024 5:14:56 GMT -5
 '...Faith, fraud, and force in varying degrees determine the relative value of a currency. Where faith, or rational expectation in the continuing integrity of the redemption value in goods and service of a currency falters, fraud may suffice - for a time.
Some monetary authorities love to misrepresent the relative value of real things compared to their favorite issuance, or so we hear.
But at some point, official narratives and misrepresentations grow thin, and the day to day experience of people tends to scour away the ornaments of the monetary Pharisees.
And so, in the end, the issuer may come to rely on varying degrees of force. But it only works where you are able to apply that force, the area which you control, and how effectively you can control it. Empires like to extend their span of control for this reason.
Faith is easily lost. And once lost, force is a tool that has a difficult task in restoring faith. At most it can obtain varying degrees of compliance. But that is not easy to sustain for longer periods of time...' -Jesse
|
|
