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Thursday Edition: April 18, 2024

Test in Store for Key Support in Gold

Gold is still up 0.66%, $15.5 for the week. When we look at the daily bar chart, we're in a distribution area again. It still has the pattern of higher lows that have been in place but suddenly you have a high here and a peak here, it has a lower high.

Wednesday Edition: April 17, 2024

GoldSeek Radio Nugget - Bob Moriarty: Insights on Corrections

Moriarty discussed a surge in an ETF tied to gold, anticipating a correction in gold prices followed by a continued upward trend, unless major global conflict disrupts markets.

Just How Seriously Is the Fed Losing the Fight Against Inflation's Inferno?

All elements of inflation are doing worse. You can believe in Moody’s fact-free, fantasy cooling period if you want to; or you can believe in the obvious reality raging as an inferno all around us.

Deja Vu All Over Again: Biden Administration Charts Another Massive Budget Deficit in March

This reveals the ugly truth in Washington D.C. No matter what you hear about spending cuts, the federal government always finds new reasons to spend more and more money.

Gold Stocks: Good Times Are Here

The US government’s proxy fight via the failed Ukraine war against the Russian government is a quagmire as Congress borrows fiat. Gold will likely begin a charge towards $3000.

Metals: Geopolitics, if Iran Attacks Israel or Not Will be Market Mover

Gold got up to $2429 and then gave that up, but forget that. The trend is up still – there's nothing here that isn't up higher lows, higher highs. You're well over the 18-week average of closes, which by the way, is moving to the tune each week of about $20. 

Tuesday Edition: April 16, 2024

Goldseek Nugget - Aaron Brickman: Inflationary Market Crash Upwards (Part 3 of 3)

Brickman discusses the end of the macro cycle of the dollar as supreme currency. If inflation spirals out of control, and currency controls make gold and silver unavailable, inflated equities may be the only hiding place.

Hey Mr. Taxman! What Have You Done for Me?

A symptom of inflation is rising consumer prices. When you pay more for everything due to inflation, you’re being taxed more on the money the federal government borrowed.

Springtime for Bonds?

There is no escaping the debts we have amassed, and there are reasons to strongly doubt that those who owe will get to stiff creditors via hyperinflation or even sustained inflation.

Swampy Politicians in Red States Block Sound Money Reform

The effort to “drain the swamp” must extend to your own state capitol. We can't win the battle to restore honest money nationwide unless more victories accrue at the state level.

Fortitude Gold Reports Preliminary First Quarter Production

The company reports preliminary production results for the first quarter ended March 31, 2024 of 3,983 gold ounces.

Gold SWOT: Gold Continues to Set New Record Highs

Bigger players have been moving into gold. Now that it is setting new all-time highs, this could spur retail buying if the tide shifts.

Fortuna Intersects 1kg Ag Eq over an Estimated True Width of 8.1m at the Yessi Vein, San Jose Mine, Mexico

SVP Weedon: "Drilling on the Yessi vein...has continued to establish a well-defined system, with recent results such as 1,327 g/t Ag Eq...highlighting the potential for high-grade shoots."

Metals: Israel's Military Issues Threat to Iran

Until the recent low is taken out of $2340.20, I think that is the line in the sand now for the bulls and they're going to try to push on the market if they can.

Monday Edition: April 15, 2024

Goldseek Nugget - Aaron Brickman: Silver's Vertical Leap (Part 2 of 3)

Brickman says that investing in silver isn't solely for wealth accumulation but rather as insurance against volatility, highlighting the metal's potential to skyrocket unpredictably.

Kentucky Becomes 45th State to End Sales Taxes on Gold and Silver

Including Kentucky, eight states in the last three years have enacted laws to reduce or eliminate the sales tax on purchases of precious metals.

Inflation Blame Game: Corporate Greed Edition

Mainstream punditry and government spinmeisters give reasons for inflation: supply chain, Putin, Trump. Now "corporate greed is causing inflation" is back in vogue.

Gold and Silver Rocket Higher While Fed Plays Politics

James O’Keefe released bombshell footage featuring Aurel Hizmo, who helped write some of Jerome Powell’s speeches and helped push Powell's Fed to embrace Woke politics.

World Bank Report Highlights Advantage of Central Bank Gold Revaluation Accounts

In the past years more and more central banks from both the global South and North—and international financial institutions like the World Bank—are pitching gold as an imperative asset with multiple functions.

Who’s Buying Gold and Silver?

There is likely some truth in the notion that wealthy individuals are buying gold for the first time or bulking up their stashes of physical metal.

Gold & Silver: The Start Of Something Big?

We did some heavy-duty profit booking this past week on the gold and silver stocks in most of our portfolios

Technical Scoop: Precious Record, Cut Question, Booming Commodities

Gold is up 14.6% in 2024, silver up 17.6%, and copper up 9.5%. Gold’s safe-haven status was fully recognized, given the rush into gold this past week. Note how the volume leaped.

Sunday Edition: April 14, 2024

GoldSeek Nugget - Aaron Brickman: on Gold and Silver Projections (Part 1 of 3)

If you're on the fence about buying metals, you may have a short window of opportunity if there's extreme selling pressure this week.

Gold Achieves Our Forecast High for This Year

"Are you forecasting a higher price for this year?" We shan’t, having already staked our claim.  Still, so as to keep eyebrows raised, let’s reprise what made the $2,375 call...

Gold Market Update - it's CORRECTION TIME...

If gold does react back how much might it drop? – probably not much given the other much more serious bullish factors in play that aren’t going anywhere.

Iran Attack on Israel Begins

The fog of war and smoke of burning inflation take down buildings and markets. All is glittering for gold, however.

Dividends on Offense

Dividends and dividend growth stocks are part of my strategy to get through a coming crisis by the end of the decade with as much of my buying power as intact as possible.

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