Craig Hemke: China Starts the Santa Claus Rally
Sprott Money, Released on 12/9/24 Two bits of news out of China over the weekend appear to have kicked off the “Santa Claus Rally” Continue…
China’s central bank just restarted gold purchases after six-month hiatus
Reuters (via MSN), Released on 12/9/24 The resumption will send a signal that the PBOC has grown accustomed Continue…
Canada is the only G7 country with ZERO gold
Gold Telegraph – X, Released on 12/9/24 The Canadian Dollar is trading at a 4-year low against the dollar. The last 1 year against gold? Down 33% The Bank of Canada is expected to cut rates again this week. Goodbye purchasing power? Canada is the only G7 country with ZERO gold. pic.twitter.com/9mP1hPTAGY — Gold Telegraph […]
Michael Saylor Urges US to Sell Gold and Buy Bitcoin for Reserves
crypto2community, Released on 12/8/24 Michael Saylor proposes that the U.S. should replace gold with Bitcoin as a strategic Continue…
Precious Metals Investigator Hints at Looming Silver Supply Crunch
Money Metals, Released on 12/7/24 Silver’s industrial demand is set to hit record levels in 2024, surpassing 700 Continue…
Why do central banks buy gold?
CBS News, Released on 12/6/24 Here are six reasons why central banks buy gold, according to industry professionals: Continue…
$32.00 is the key level in Silver
Jordan Roy-Byrne – X, Released on 12/5/24 Listen up. $32.00 is the key level in Silver. It's weekly, quarterly and yearly resistance. This is all you need to worry about over the next month. A close above $32.20 on Dec 31 would be a new annual all-time high & raise chances of testing $50 by […]
Bitcoin is a competitor for gold, not the U.S. dollar, Fed Chair Jerome Powell says
Quartz, Released on 12/4/24 “It’s just like gold only it’s virtual. People are not using it as a form of payment, or as a store of value. Continue…