Multiple Factors Align for Gold's Continued Rally: Technical Analysis Points Higher
The gold market maintains a positive outlook, with analysts anticipating continued upward pressure. Technical analysis suggests that the recent consolidation may lead to further gains, potentially targeting the $2,425 level and beyond. Several factors support this bullish sentiment, including ongoing central bank gold purchases, potential Federal Reserve rate cuts if inflation eases, and persistent geopolitical […]
NATO To Launch Initiatives On Ukraine, AI, Disinformation, And Cyber
NATO To Launch Initiatives On Ukraine, AI, Disinformation, And Cyber Authored by Daniel Teng via The Epoch Times, U.S. National Security Advisor Jake Sullivan has revealed NATO, along with four partner nations, will launch new initiatives around Ukraine, artificial intelligence, disinformation, and cybersecurity. “Each initiative is different, but the main goal is the same: Harness […]
Citi Maintains $3,000 Gold Price Target
Citi analysts project a rebound in physical gold demand for the latter half of 2024, despite a slight softening in the second quarter. They maintain a bullish outlook with a $3,000 price target, expecting spot prices to average between $2,400-$2,600 per ounce in H2 2024. This optimism is fueled by anticipated record Chinese gold imports, […]
78% of Americans Living Paycheck to Paycheck in 2024, Study Reveals
Recent surveys reveal a concerning trend in American financial health, with a significant majority of the population living paycheck to paycheck. A 2023 Payroll.org study found that 78% of Americans fall into this category, marking a 6% increase from the previous year. This means over three-quarters of Americans struggle to save or invest after covering […]
It’s That Time Again: MSM Launches ‘Muh Russia’ Election Narrative As Brands Collude To Silence Dissent
It’s That Time Again: MSM Launches ‘Muh Russia’ Election Narrative As Brands Collude To Silence Dissent While the Democratic party melts down over Joe Biden’s cognitive decline – an obvious risk to US national security, the 2024 election wouldn’t be complete without a Trump-Russia narrative. Trump-Putin Helsinki summit, 2018 (Gorge Silva/AP) To that end, the […]
WTI Rebounds Off One-Week Lows On Large Crude Draw As Oil Volatility Plummets
WTI Rebounds Off One-Week Lows On Large Crude Draw As Oil Volatility Plummets Crude prices remain lower this morning ahead of the official inventory data – though continuing yesterday’s somewhat chaotic intraday swings. This is notable as oil options markets are pricing in the lowest volatility in six years – despite the potential geopolitical chaos. […]
Inflation Squeeze: Gen Z Turns to Parents and Budget Cuts to Survive
A Bank of America study reveals that Gen Z adults in the U.S. are struggling financially due to inflation and rising living costs, with nearly half relying on parental support. The survey of 18-27 year-olds shows that 50% are not on track to buy a home within five years, 46% are unprepared for retirement savings, […]
Peter Schiff: More Doom In The Data
Peter Schiff: More Doom In The Data Via SchiffGold.com, In this episode, Peter recaps the latest batch of economic data, in which revisions to job numbers and a declining manufacturing sector bode poorly for the economy. He also analyzes gold and silver’s big week last week and offers some thoughts on President Biden’s recent post-debate interview […]
Gold ETFs Face $6.7bn Exodus in H1 2024, Worst First-Half Since 2013
Global gold ETFs experienced a significant downturn in the first half of 2024, with a net outflow of $6.7 billion, marking the worst first-half performance since 2013. Total holdings decreased by 120 tonnes (-3.9%) to 3,105 tonnes. While Asian funds attracted a record $3 billion, they were overshadowed by $9.8 billion in outflows from North […]
Americans Prioritize Summer Fun Over Financial Health, Risking Long-Term Debt
Many Americans are accumulating debt to finance their summer activities, with a significant portion still paying off last year’s summer expenses. This trend is particularly concerning given the current high credit card interest rates, which have risen substantially since the pandemic. Young generations, especially Gen Z and millennials, are more likely to take on debt […]