December 2023 - Week 3 Edition
Gold Shoots Up!
Gold shot above $2,030 after the Federal Reserve’s Open Market Committee meeting last Wednesday, followed by their “dovish” statements and a press conference by Fed Chair Jerome Powell. This supercharged gold and stocks.
December 2023 - Week 2 Edition
As Inflation Rates Decline, Gold is Getting Stronger – Why is That?
Central bank gold buying set a 55-year high in 2022, and the 2023 rate is 14% above 2023 through the first three quarters. That has helped push gold to new highs, but gold has been in record-high territory in several other currencies for many years, including since 2019 in the European (euro) currency.
December 2023 - Week 1 Edition
Gold Hits Record High But Predictions Mark This As Only The Beginning
Gold set an all-time high above $2,135 on Sunday and early Monday, December 3-4, but it could not hold those gains by the close of trading on Monday. The futures price (February) topped $2,152.
November 2023 - Week 4 Edition
Forbes Sees $2,500 Gold in 2024… and Gold is Following His Command!
Steve Forbes recently told me, gold would start the new year over $2,000 and “could well reach $2,500 in 2024 or soon thereafter,” especially if the economy doesn’t improve.
November 2023 - Week 3 Edition
Honor the 60th Anniversary of John F. Kennedy’s Untimely Death With The Popular Brilliant Uncirculated 90% Silver 1964 Kennedy Half Dollars
Honor the 60th Anniversary of John F. Kennedy’s Untimely Death With The Popular Brilliant Uncirculated 90% Silver 1964 Kennedy Half Dollars.
November 2023 - Week 2 Edition
Gold Is Rising Again
Gold declined last week but it rose $10 on Monday, November 13, from $1,935 to $1,945, in about three hours of mid-day trading, and then maintained those gains through closing. It was up again on Tuesday, closing at $1,964.
November 2023 - Week 1 Edition
Gold Delivers Its Best October In 45 Years
Gold delivered its best October in 45 years, rising 7.3% this past month, despite rapidly rising interest rates, which so many pundits tell us is “bad for gold,” since it “offers no interest income.”
October 2023 - Week 5 Edition
The U.S. Goes Deeper into Debt While the European “PIIGS” Went on a Diet!
Now we enter the last 12 months before a Presidential Election Day, when gold performs well – especially in gold’s greatest bull market surges – when Democrats fight for re-election with high deficits or debt ceiling debates, like President Jimmy Carter in 1979-80 and President Barak Obama in 2011-12! By the way, Steve Forbes told me recently that he predicts gold could hit $2,500 an ounce sometime in 2024.
October 2023 - Week 4 Edition
My Meetings with Governor Greg Abbott and Steve Forbes
Last week, I met with our popular Texas Republican Governor Greg Abbott and later this week, I will meet with former Republican Presidential candidate (1996 and 2000), Steve Forbes, who is also publisher of Forbes Magazine, a prolific author of books about gold, inflation, money and American capitalism. Be sure to check out next week’s Metals Market Report to find out what Mr. Forbes foresees.
October 2023 - Week 3 Edition
Post-Mortem on the 2023 Federal Deficit -- $1.7 Trillion, and Rising
On Tuesday, October 10, the non-partisan Congressional Budget Office (CBO) calculated the total red ink for federal fiscal year 2023 (ending September 30, 2023) was $1.7 trillion, 23% above 2022, the first Biden budget blowout year (with $1.38 trillion in red ink). Why the increase?
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