AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.
8/1/2024:Golds bullish perfect storm
Source:
Greetings!
Spot gold rallied 4.2% in July and established a series of new all-time highs. Impressive, yes, but we think this is just the beginning.
Weakness in the dollar, falling Treasury yields, record-high debt levels, stubborn inflation, increasingly volatile geopolitical conflict all are powering gold to new records. Soon the Federal Reserve will begin unwinding the tightest monetary policy in a generation, and this will only add to golds momentum.
Plus, a major new factor has emerged in the international gold market, one that should turbo-charge the gold price as time passes: aggressive buying by global central banks.
Seldom, if ever, during my 44-year career of trading gold have so many bullish forces come together at once!
In this new edition of AGE Gold Commentary, I explain how each of these factors has individually fueled the gold price in recent years, and how their confluence now is a bullish perfect storm for gold, one that is likely to sweep it to remarkable new heights.
So please join me for this important tutorial on the current state of the gold market and its very bright future.
You can also view this video on the AGE YouTube channel, which includes a transcript.
AGE's Gold Commentary
AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.
8/1/2024: Golds bullish perfect storm
Source:
Greetings!
Spot gold rallied 4.2% in July and established a series of new all-time highs. Impressive, yes, but we think this is just the beginning.
Weakness in the dollar, falling Treasury yields, record-high debt levels, stubborn inflation, increasingly volatile geopolitical conflict all are powering gold to new records. Soon the Federal Reserve will begin unwinding the tightest monetary policy in a generation, and this will only add to golds momentum.
Plus, a major new factor has emerged in the international gold market, one that should turbo-charge the gold price as time passes: aggressive buying by global central banks.
Seldom, if ever, during my 44-year career of trading gold have so many bullish forces come together at once!
In this new edition of AGE Gold Commentary, I explain how each of these factors has individually fueled the gold price in recent years, and how their confluence now is a bullish perfect storm for gold, one that is likely to sweep it to remarkable new heights.
So please join me for this important tutorial on the current state of the gold market and its very bright future.
You can also view this video on the AGE YouTube channel, which includes a transcript.
Sincerely,
Dana Samuelson
President