The breakout of the century in $gold is beginning to gather pace. We are on the verge of a volcanic eruption. Prepare yourselves. https://t.co/cBDE4vG1mi pic.twitter.com/ZSNEZGJ8Ot
— Tim Hack (@realTimHack) December 10, 2024
BREAKING: Central banks bought 60 tonnes of gold in October, the largest monthly net purchase so far in 2024.
Meanwhile, China resumed gold purchases in November after a 6-month pause.
This year alone, India and Turkey have purchased 77 and 72 tonnes of gold.
Central banks… pic.twitter.com/L8wJB6EHSi
— The Kobeissi Letter (@KobeissiLetter) December 10, 2024
China sits on 300% total debt/GDP.
And it ''flirts with deflation''.
They better get their act together for real this time. pic.twitter.com/m7TUkXjhqc
— Alf (@MacroAlf) December 10, 2024
The breakout continues: gold jumps 1.3%, biggest one-day move since Nov 22, well above the 50DMA and briefly above $2700. The race to new all time highs is on. https://t.co/mChuEHnttY pic.twitter.com/97aQS2LfKN
— zerohedge (@zerohedge) December 11, 2024
Gary Savage: 2025 Will Be the Year of Silver
If silver holds the $30 support zone, that will break the cartel manipulation of the silver market. Once that happens, $40 is a piece of cake, $45 is likely and $50 is possible for silver
Miners will catch up:https://t.co/yuAzULnX1P
— Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) December 11, 2024
Rumors are growing that #China wants to weaken its currency and abandon its stable #Yuan policy to counter the upcoming wave of #tariffs announced by Trump.
With growth sputtering for years because of a real estate #recession and local government #debt crisis, China will be… pic.twitter.com/cAe4Ks3B1q— jeroen blokland (@jsblokland) December 11, 2024