If you beleive that there is a supression of the Gold price by Major Banks and the Fed, and that the Stock Market is headed for a massive decline (I beleive over time and not a crash) then does it make sense that there would have to be a pause in money going into Gold supression to pump the market up so that the same people can remove the money from the Stock Market? This results in the record high Gold Closing price today.
Major Banks are Predicting rate cuts next year, the Fed is saying not so fast, investors are clinging to Gold because the duality is signaling, I think, that the era of Gold and Silver price suppression may be coming to an end, not by choice.
Trump put the next administration, whoever they were to be, in a box by cutting rates during the pandemic to nothing. He got Powell in just in time to do this. Now we see a situation where raising interest rates to the point of stopping inflation will collapse the banking system as we saw last March, and not raising them causes inflation to run out of control, They are trying to give the impression of a balancing act and that everything is under control, except they cant control the price of Bonds, the Fed is going under water supporting the reverse REPO market, paying interest to banks to prevent them from loaning the money out to keep velocity down in an attempt to stop inflation. Now you have a trillion dollars spent the last quarter of the year, and a trillion a year (and climbing as old short term debt rolls over) in interest on money we already borrowed.
I am seeing mining stocks way down relative to the price of Gold, and they look to be steals to me.
I am no expert, so I am curious as to what some of the experts here have to say about this!
Silver is up too... over $25 / oz.
almost 26.
It might have reached that yesterday at some point, but at days' end (and week's end) it closed at $25.43. Still, it's an upward trend, and it will be interesting to see what happens on Monday morning.
Market Up = Fake (to prop up for erection year, entice retail to buy the tops, etc) Gold Up = Real market forces aka Smart Money. Reckoning is coming.
No expert, but I say HODL!
I think its poetic that Gold blows past its all-time high, right on the heels of Henry "took us off the gold standard" Kissinger's departure.
I keep asking the same question: why is the market up?!? I get gold being up. The more USD available, the more is necessary to buy a finite resource such as gold.
You are 100% correct?
There's a $160 (150 Euro) trillion equity swap line due on Dec. 15th.
https://twitter.com/AMCbiggums/status/1729920308893659226
Gold up over $2,083.45
Crime
Why can't they manipulate Bonds? Tell me like I'm 5...
Who says they don't? Bond market is directly manipulated by setting the price i.e. interest.
In orther words: it is not market forces that determine the price of money, but central planning.
Listen to the good doctor: Ron Paul.
They would rather jack up interest rates on debt.