Indeed, that's a key point. Additionally, the coming commodity super cycle is going to be driven by the supply crunch of essential commodities such as copper and silver. Contributing to their growing scarcity… pic.twitter.com/Kc06kclh6G
— Phoenix Capital (@PhoenixCapitalH) December 23, 2023
Equities are expensive. Commodities are generationally cheap
Do with this as you wish. pic.twitter.com/SpHmqL6eKk
— Katusa Research (@KatusaResearch) December 23, 2023
The dollar index is at 5-month lows, gold is trading near all-time highs in dollar terms, and people at Costco bought $100 million worth of physical gold last quarter.
Santa is coming to town.
— Gold Telegraph ⚡ (@GoldTelegraph_) December 23, 2023
This bullish setup on GLD has not failed since 2007 👇#Gold pic.twitter.com/KpBn9Fqob4
— KAY KIM (@2kaykim) December 22, 2023
Gold often moves inversely to Treasury yields; with the 10-year yield dropping, gold’s outlook improves.
OOPS! A bank liquidity indicator sounds the alarm! Emergency loans from the Fed's #BTFP facility keeps rising. Rose another $7.6bn W-W to $131.3bn – a new high. pic.twitter.com/3MHiBVUf30
— Holger Zschaepitz (@Schuldensuehner) December 22, 2023
Reuters: Gold buyers in China are getting younger, reports
Expecting another wave of inflation and/or dollar weakness for 2024.#gold #inflation #usdollar pic.twitter.com/98Qm2t9Dyn
— Patrick Karim (@badcharts1) December 22, 2023
G-O-L-D…We're getting close to the quarterly close. Convincingly above $2000 and this particular chart gives a very clear 'GO' signal #preciousmetals #silver #gold pic.twitter.com/uJBVSY9EOS
— Northstar (@NorthstarCharts) December 21, 2023
Current inflation decline resembles the 1960s, suggesting potential for a significant final wave with economic impact.
Inflation has seen a rapid decline
Dropping from 9.1% to 3.1% in just 1.5 years
However, the current inflationary cycle bears striking similarities to the 1960s
During that time, inflation surged in waves
With each one larger than the previous
This pattern triggered massive… pic.twitter.com/smR9ZEAu3m
— Game of Trades (@GameofTrades_) December 24, 2023
Gold buyers in China are getting younger, as a property market downturn, weakening stocks and currency and low bank deposit interest rates have left them with dwindling options to save for rainy days in a sputtering economy.
The trend underscores heightening uncertainty about growth prospects in the world’s second-largest economy, which has not recovered from COVID-19 lockdowns as fast as consumers and job hunters had expected.