Latest News and Articles
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Gold Market Report – May 13, 2024
Overnight: After surging from $2304 to a 3wk high at $2360 (resistance at down trendline from 4/12 $2432 ATH held) in its last 2 sessions, gold pulled back overnight. The yellow metal retreated in a range of $2365 – $2339, and fell below Friday’s $2345 low. Gold’s decline was buffered by a modest decline in…
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Major Bank Recommends Buying Gold
What the Debt Ceiling Means for Gold It’s time to face the inconvenient truth… the politicians playing with chicken with the debt ceiling, they may not reach an agreement in time to stave off a disaster. If the United States were to default on its debt, it would trigger a massive economic catastrophe, potentially leading…
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Debt Ceiling Crisis Driving Demand for Gold?
If politicians in Washington can’t reach an agreement, the U.S. government could start to run out of money within weeks. The debt ceiling, a law that sets a limit on the total amount the government can borrow to pay its bills, currently stands at around $31.4tn. This limit was exceeded in January, with the Treasury…
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Why Do So Many Experts Now Recommend This Asset? | Joe Cavatoni
Without prompting, the majority of experts recently appearing on this channel have agreed that gold is looking well-positioned to move higher in price, potentially substantially higher, this year. And that’s on top of gold’s strong start to the year. It’s up nearly 11% since early January and is currently not far from its all-time high.…
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Interest in gold up 50% among Americans
Bloomberg Calls Gold the “Obvious” Investment for Protecting Your Wealth According to Bloomberg’s latest Markets Live Pulse survey, more than half of finance professionals said they would buy gold if the US government fails to honor its debt obligations. If you’re unfamiliar, the debt ceiling is a limit set by the U.S. Congress on the…
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What’s Next as Gold Reaches New Heights
It’s an exciting time to be a gold investor. Gold briefly reached a record all-time high last week. Meanwhile, the Dow is struggling to deliver meaningful gains year-to-date: And there might be more good news for gold, as you’ll see ahead, there’s a lot of potential macroeconomic tailwinds that could increase gold demand even further…
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BANK FAILURE! Here’s What’s Happening & What Shockwaves May Result
What a difference a week makes… Last week the market technicals were starting to look like the bulls had won out. But this week, trouble in the banking system, most notably the failure of Silicon Valley Bank (the 2nd largest bank failure in US history), has created a bearish marker reversal. So how meaningful is…