The American fear trade still plays a big role in gold pricing, and this week features the ADP employment report, US GDP, a Fed meet, the PCE inflation report, the government jobs report, and a big tariff tax announcement.
Gold and silver look fabulous… and a big rally could be imminent.
Does US government debt matter? Well, even if the Trump administration was able to create truly spectacular growth with its policies (unlikely but possible), it would still take decades to reduce the size of the debt significantly.
Debt worship and the simple rise of the citizens of China and India are two of the main reasons why the US government’s fiat currency is in trouble, and the trouble is likely here to stay.
Supreme Money Gold. The money of kings. It’s coveted by the citizens of China and India, and excitingly… it’s a key focus of savvy citizens in the West!
What is the world’s most important question? Got gold? The fiat and debt-themed American empire is burning, and a full rate cut (demanded by the nation’s president following a highly questionable jobs report) would only fuel the growing...
Gold market bears were shocked by yesterday’s powerful rally, and it’s a rally I suggested was imminent. What were the clues for it and what’s next for the world’s greatest currency?
In the short-term gold is consolidating, after a huge rally against US government fiat. It has surged from about $1800 in October 2023 to $3500… with no significant pullback in the price.
Yesterday, just hours after I said Moody’s tiny downgrade of the outrageous US government debt was not nearly enough, industry heavyweights weighed in with their take on this horrifying matter.
The good news is that the bulk of US & Chinese government tariff taxes have been paused and stock markets in both countries are soaring.