Money managers invested in the US stock market don’t care if US borders are open or closed. They don’t care if elementary schools teach wokeness and critical race theory. They do care about taxes… and whether they are implemented with...
For decades, I’ve been urging the CME to convert the 100ounce futures contract to a no-margin physical market contract. I’ve also been urging them to launch a one-ounce gold futures contract.
Most bank analysts are projecting modest upside for gold this year. Some are a bit more bullish (but not much) because of no meaningful cut in the US government’s gargantuan debt.
As the year 2024 comes to an end, the US stock market has become even more overvalued while being trumpeted as a poster boy for the well-being of America.
It’s Christmas Eve and while it’s been a spectacular year for supreme money gold, gold stock and silver bullion investors may feel a bit like the Grinch stole a piece of their Christmas.
While the gold price is in the short-term doldrums (after a massive rally over the past year), the world’s most savvy gold bugs are buying maniacally.
Gold continues to march higher from the $2550 buy zone, and silver is beginning to look like the short-term leader of the precious metals pack.
The coming Trump presidency is likely to be exciting, but a lot is unknown. Investors need solid tactics to handle commodities, the stock market, bonds, crypto, and of course supreme money gold.
The financial markets action has been quite volatile since the election of “wild man” Trump and his team… and it could get wilder if tomorrow’s PCE inflation report shocks the market.
The allure of gold is timeless, and the goal of every investor should of course be… to eagerly get more of it.