1. The gold market is seeing solid follow-through buying activity following last week’s record closing price. The precious metal has pushed above $2,150 an ounce, and according to one market analyst, it has room to run. In an interview Jess Felder, founder of the Felder Report, he said he has been looking for gold to…
f there was ever a buy signal in the physical gold market, two consecutive years of record gold buying from central banks has to be it.
Gold is expected to be the best-performing asset in the precious metals sector in 2024 as the world faces a potential recession.
Gold has been mankind’s most enduring store-of-value asset because of its unique characteristics. Gold is durable, divisible, consistent, convenient, scarce, and most importantly, the “hardest” of all physical commodities.
Stronger-than-expected economic data has forced some on Wall Street to push back, or even remove calls for a recession once widely considered a sure thing.
The Roman denarius pictured above features the profile of the emperor Diocletian, circa 301 AD, at the time when he issued the edict listed above.
Central banks bought more gold last year than any year since records have been kept.
The shocking closure of two US banks, the Fed slowing interest rate hikes, and a weakening US dollar all roiled markets and led to a spike in gold demand.
It is relatively common that what should be recognized as a warning flag of major trouble is often ignored until things get so bad that it is almost impossible not to notice.
1. US Secretary of State Antony Blinken is said to be considering a meeting with Wang Yi, China’s top diplomat, at a security conference later this week. It would be their first face-to-face talk since Beijing ignited an international uproar with an alleged spy balloon lazily moving across the whole US mainland, triggering a spike…
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