from The Alex Jones Show:
TRUTH LIVES on at https://sgtreport.tv/
Millennials Rush to Buy $2,300 Gold Bars at Costco
by Mish Shedlock, Mish Talk:
Costco periodically offers one ounce gold bars. They sell out immediately, scarfed up by millennials. Looking for other sources? I have one.
Gold Bars in the Shopping Cart
The Wall Street Journal comments on Gold Bars in the Costco Shopping Cart.
Analysts: Gold Is About To Have A Massive Bull Run
from Birch Gold Group:
This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: CPM Group says 2024 and 2025 will be even better for gold, why silver stayed dormant in 2023, and gold is getting pricey in Egypt.
CPM Group: Gold has another two great years ahead
CPM Group’s Jeffrey Christian tackles a question many have been wondering: why did gold soar so strongly around New Year? In an interview with Bloomberg, Christian said that the firm is still waiting for today’s trading data for clearer answers, but nonetheless has some insight.
2024 outlook: Gold Shines Bright in the Gathering Storm
by Claudio Grass, Claudio Grass:
The year 2024 is poised to be a critical period for the global economy and it already appears to be fraught with economic and geopolitical challenges, casting a dark shadow over the global landscape. Signs of a looming economic downturn are becoming increasingly evident and the many challenges we faced over the past year will certainly remain with us for many months to come.
Election-Year Gold Trends & Factors for 2024
by Peter Schiff, Schiff Gold:
While broader macroeconomic trends are always what’s most significant for the gold price during any given election, some interesting trends emerge when you look at the numbers. And when an election is contentious, historic, or chaotic as 2024’s promises to be, the outcome is all the more significant for gold.
From the January to the September preceding elections since 1980, gold prices have tended to rise. This is often attributed to the nature of the relationship between incumbent presidents and the Fed, as existing administrations put pressure on the central bank to maintain looser monetary policy to foster an illusion of economic prosperity (which presidents can then “take credit” for). Meanwhile, knowing that they’re more likely to be replaced if the other side wins, Fed chairs have an incentive to play ball.
The Value of Diamonds Sinks as Gold Stays Strong
by Peter Schiff, Schiff Gold:
Valentine’s Day is here and you might find yourself buying (or wishing you had remembered to buy) a Valentine’s Day present. A classic romantic present involves gold, diamonds, and sometimes both. And both diamonds and gold seem at first blush to have a lot in common.
Both are or at least can be beautiful. Diamonds are one of the shiniest gemstones (high refractive index if you’re science-minded) and can be perfectly clear or come in a wide range of colors. Gold is of course famously appealing to look at. Both diamonds and gold convey luxury and wealth, and both are regularly used to make luxury products such as rings, bracelets, watches, and earrings.
A Busy Week for Gold
by Craig Hemke, Sprott Money:
As January ends and February begins, the calendar has suddenly gotten very busy in terms of news events that will impact the COMEX gold price. Whether that impact will be positive or negative remains to be seen.
Let’s start with the economic news pending for Tuesday. The monthly JOLTS jobs data has long been a driver of intraday volatility for the precious metals, and when it’s released on Tuesday, you can be certain that prices will once again be “jolted”. Why? This report measures trends in hiring and firing, and with the U.S. jobs market reportedly remaining “strong”, traders look to the JOLTS report for early warning signs in total employment.
Why Are People Investing in Gold Now?
by Turd Ferguson, TF Metals Report:
- Delve into effective investment strategies while dissecting current market trends, offering valuable insights for navigating economic fluctuations.
Chiefs and 49ers Play Super Bowl Game for…. SILVER!
by Michael Maharrey, Activist Post:
On Sunday, the San Francisco 49ers will take on the Kansas City Chiefs. The winner will take home the silver!
No… I’m not inferring that the winner will get a second-place prize. I’m referring to the Lombardi Trophy. It’s made of silver.
So, what is that thing worth anyway?
Not as much as you might think despite being formed out of a precious metal.
Inflation Won’t Die
by Jim Rickards, Daily Reckoning:
The January inflation numbers came out this morning, and they weren’t good for Wall Street.
The consumer price index (CPI) rose 3.1% in January. That’s a decrease from December’s 3.4%, but it exceeded consensus estimates of 2.9%.
Core inflation, which excludes food and energy, rose 3.9% on an annualized basis, which is unchanged from December. But the consensus estimate was 3.7%. Core inflation also rose at its highest rate since April 2023.
The Long View: COMEX Precious Metal Prices in 2024
by Craig Hemke, Sprott Money:
An easily-predictable short squeeze has lifted COMEX precious metal prices off their recent floor. Equally predictable is the current rush to proclaim that new highs for 2024 will soon be forthcoming.
Let’s start with the latest Spec short squeeze. How can I say it was easily predictable? Below are X posts from yours truly on February 6 with follow up on February 9:
