Posted on 05/15/2025 7:21:12 AM PDT by delta7
During the relief rally staged by markets after the U.S.-China trade deal, the price of gold faltered and now stands 5% below its peak set in the first week of May. But steepening futures contracts and central bank purchases suggest that underlying demand is robust and this year's rally still has legs.
As illustrated by this chart from Correlation Economics --
https://x.com/GoldForecast/status/1922182749676245468
-- the gold futures curve is steepening -- a bullish indicator. Traders are betting prices will rise.
Given the extent of the rally in risk assets with the S&P 500 rebounding 15% from its April trough, a much larger correction in gold might have been expected. In fact, most of the fall in gold can be attributed simply to a 4% recovery in its reciprocal, the dollar.
This implies that the underlying trends in gold, as a hedge against inflation, tariff uncertainty, dollar debasement, and market volatility are still intact. If they were not, the futures curve would have succumbed to a bear flattening. ...
No surprise as ALL the world’s currencies are collapsing in purchasing power.
So this is paper gold that is being sold 10x+ over?
For those that want to know everything about what is happening in our financial markets and outcome. Many will take a huge haircut, few will prosper.
Charts, data, graphs…..just about every current monetary statistic available. 400 pages full of facts and figures so the average guy can decide how to survive financially.
So this is paper gold that is being sold 10x+ over?
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Those days are moving behind us. US Comex and LBMA is being drained dry of physical Gold and Silver, another record amount of Silver has been removed for delivery.
The crime? Western media. I was around in the 70’s/80’s during that great Bull run, PM’s were all the talk….today’s repeat, and not a word.
Still not to late to choose wisely.
ve some gold and silver related mining stocks, but no actual physical gold or silver.
I am also buying bitcoin and other related alt coins.
As those who have read my posts on this before, I have been very active in the stock market recently and will continue to do so...
You got a very small portion correct, Exter’s Pyramid, page 109.
I like how my money is invested in a variety of things and will continue to do so..
I wish you good Luck.
IBTG
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