— Adam Hamilton
'Gold Stocks’ Secular Breakout'
Gold stocks just achieved a major secular breakout to four-plus-year highs. A little more rallying will lift GDX to its best levels in nearly a dozen years.t.co/jqdO3DIjNV
— Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) October 26, 2024
BREAKING: Central banks now hold 12.1% of global gold reserves, the highest level since the 1990s.
This percentage has skyrocketed this year and has more than DOUBLED over the last decade.
China, India, Turkey, and Poland have been the largest contributors to global central bank gold purchases.
Gold now accounts for 5.4% of China’s foreign exchange reserves and reached 2,264 tonnes in 2024, a new record.
Meanwhile, gold prices have hit 35 all-time highs year-to-date and rallied 33%.
Global central banks continue piling into gold.
BREAKING: Central banks now hold 12.1% of global gold reserves, the highest level since the 1990s.
This percentage has skyrocketed this year and has more than DOUBLED over the last decade.
China, India, Turkey, and Poland have been the largest contributors to global central… pic.twitter.com/waIpBSI55H
— The Kobeissi Letter (@KobeissiLetter) October 26, 2024
#GOLD breakout after 42 months of consolidation signals continued upside momentum, even in overbought territory on the monthly charts.
Previous overbought conditions have led to significant price surges before meaningful corrections set in. pic.twitter.com/vjfmFZQdQF
— Gold Predictors (@GoldPredictors) October 26, 2024
Paul Tudor Jones: “All roads lead to inflation! I’m long Gold, $GOLD, I’m long Bitcoin, $BTC, and I’m long Commodities.” pic.twitter.com/OrycWfeQSp
— unusual_whales (@unusual_whales) October 26, 2024
Inflation is up 20% under the Harris-Biden administration, but they continue to lecture us about economic policy. President Trump has solutions, and it starts on day one when we put an end to our unfair trade relationships.
— Howard Lutnick (@howardlutnick) October 24, 2024
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