Posted on 10/16/2025 5:17:09 PM PDT by chud
Safe-haven surge, Fed rate-cut bets drive gold beyond $4,300/oz
From the article:
Oct 16 (Reuters) - Gold hit a record high for the fourth straight session on Thursday and soared past $4,300 an ounce as investors flocked to the safe-haven metal on brewing U.S.-China trade tensions and the U.S. government shutdown, with rate cut bets fueling the momentum.
(snip)
The yellow metal has gained over 60% year-to-date, driven by geopolitical tensions, aggressive rate-cut bets, central bank buying, de-dollarisation and robust ETF inflows.
(Excerpt) Read more at reuters.com ...
We live in interesting times...
New York spot silver over $54.00...
It’s cute that the Reuters staff thinks this bull run is due to Fed interest cuts.
Increased my GLD etf. Should have done it before. Nothing else is moving for this Trumper go round.
Spot was $2 over futures, now 60 cents. Indicating buyers want metal NOW. Not paper silver.
Yep.
Who wants undelivered paper?
Silver, copper, rare earth, platinum, palladium, antimony, tungsten, molybdenum, etc have had a good year
Look more deeply. GLD and SLV are iShares products sold by Blackrock. Their prospectus says that they will be ‘similar to an investment in PM’s’, which means they will try to match the spot price; they have no interest in whether it goes up or down. Blackrock, tight with the FED and addicted to free money, wants to keep PM’s down so the printers keep a’printing. More money going into GLD and SLV doesn’t mean that PM’s will go up; it just gives them more wherewithal to manipulate the spot price. Buy the real thing, or look at PSLV, SGOL, SIVR.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.