El-Erian: Dollar Diversification Fuels Gold's Unprecedented Rally
Mohamed El-Erian attributes the recent surge in gold prices to a deliberate move by global financial institutions to diversify away from the US dollar. This trend is driven by central banks slowly reducing their dollar reserves and a gradual shift away from the dollar-based payment system. Recent events, such as Russia’s economic resilience despite sanctions […]
Leftists Are Terrified About What Will Happen To Them If Trump Wins The Election
Leftists Are Terrified About What Will Happen To Them If Trump Wins The Election After being indoctrinated for almost a decade to believe that their political opponents are secret Nazis ready to install a fascist regime, it’s not surprising that Democrats are freaking out over recent polls indicating a potential Trump win in the November […]
BlackRock: Opportunity Cost of Holding Gold is Falling
As interest rates decline, the relative appeal of gold is increasing, according to BlackRock’s Karim Chedid. He notes that gold’s non-yielding nature is less of a drawback in this environment, positioning it as a valuable diversification hedge for investors seeking to balance their portfolios.
High Prices Reshape China's Gold Consumption Patterns in 2024
China’s gold consumption dropped 11.18% in the first three quarters of 2024 due to high prices deterring jewelry purchases. While gold jewelry demand fell 27.53%, purchases of gold bars and coins increased by 27.14%. Despite a slight dip in domestic gold production, overall output rose 3.2% year-on-year.
Gold Rally Pauses: Money Managers Raise Net-Long Positions in Gold
Gold prices retreated slightly from record highs after Israel’s restrained strikes on Iran eased geopolitical tensions and reduced safe-haven demand. While gold remains supported by factors like expected Fed rate cuts and central bank buying, the targeted nature of Israel’s response has opened the door for potential de-escalation in the Middle East conflict.
Gold Prices Pause Ahead of Key U.S. Economic Indicators
Gold prices dipped slightly Monday morning as investors await key U.S. economic data that could influence the Federal Reserve’s interest rate decisions. Despite reaching record highs recently, gold faced pressure from a stronger dollar and rising Treasury yields. Analysts remain optimistic, with UBS projecting gold to hit $2,900/oz within 12 months, driven by expectations of […]
On The Wrong Track: This Is What An Imploding Economy Looks Like
On The Wrong Track: This Is What An Imploding Economy Looks Like Authored by Michael Snyder via The Economic Collapse blog, One of the main reasons why Americans are in such a foul mood right now is because the economy is in really bad shape and it just keeps getting worse. This is very […]
“This Is Starvation”: VW Union Head Warns 3 Plants Closing, Thousands In Layoffs, Amid Auto Crisis
“This Is Starvation”: VW Union Head Warns 3 Plants Closing, Thousands In Layoffs, Amid Auto Crisis Europe’s largest carmaker, expected to report dismal third-quarter results on Wednesday, has been crushed by the auto market downturn while competition intensifies from China. On Monday, Volkswagen’s top labor leader, works council chief Daniela Cavallo, who also sits on VW’s supervisory board, […]
Worst. Nazi. Rally. Ever.
Worst. Nazi. Rally. Ever. Authored by Matt Margolis via PJMedia.com, When Donald Trump’s campaign announced plans for a rally at Madison Square Garden, Democrats and their media allies knew they had a problem. Trump was going to pack the house on their turf. So they wasted no time pushing the tired Hitler narrative and claimed […]
Futures Higher As Performative Israeli ‘Retaliation’ Sends Oil Plunging
Futures Higher As Performative Israeli ‘Retaliation’ Sends Oil Plunging As we enter the most hectic two-week period of the year, futures are stronger following the S&P’s first weekly loss in 7 weeks; both Tech and Small-Caps are outperforming with the yield curve bear steepening and USD flat reversing an earlier spike as a splunge in […]