Investors anticipate a likely Federal Reserve rate cut in 2024, but future cuts for 2025 are debated due to persistent inflation. The economy shows growth, evidenced by improved PMI readings and rising retail sales, despite volatility in crude oil and the Dow’s declines. The current account deficit hit a record high, affecting monetary policy expectations.
Amid a lack of fresh, markets-moving news to start the trading week, the precious metals market traders are looking at the key “outside markets” that are leaning friendly for metals prices.
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.
Central banks bought more gold last year than any year since records have been kept.
The coming train wreck is no accident. It has long been planned. That the “smart fellows in charge” will somehow save the day is therefore a vain hope indeed.
History shows us that the present situation is not an accident. It is the repetition of a very successful method by which bankers, with the complicity of governments, create boom-and-bust cycles.
There are a number of catalysts for silver that could ignite its market over the coming months and years, and it seems inevitable that silver will be a direct beneficiary of the monetary madness that defines the world of central banking today.
Mike Maloney has always said, silver is gold on steroids…
Silver can move 5% or more in a single day.
The slide in equity markets accelerated this week as the panic over the spread of COVID-19 truly set in across the globe.
A textbook in my Master of Psychology program theorized that most things in life come down to core drives—food, shelter, sex, etc. Throw in Freud’s pain and pleasure principals and this is supposedly what drives everything we do.
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