it looks like the industrial forecast is 1% gains year on year till 2027 - https://www.theassay.com/articles/the-assay-insights/palladium-vs-platinum-investment/ Which is why I think a mania for monetary metals would be what’s needed
I follow iGoldAdvisor on YT. He is more often right than wrong. https://m.youtube.com/@iGoldAdvisor/videos
Both the POG and the 200 DMA are trending well above one of the scenarios I posted a while back. Does this mean the highs will arrive sooner or does it mean the highs will exceed what I've got there in dark blue?
Posted this in the crypto thread. Most of the anticipation across all asset class markets in relation to The Fed has been fluff throughout 2024 and going back. I think we're approaching the pointy end and may see some genuine and significant forward guidance and action next month. Whether that translates into a rate cut or not I'm not sure yet but the ramifications of a decision one way or the other have greater implications than previously. Buckle up?
Oh hell yeah rates cuts would be totally awesome for gold. I've said it before. There's nothing they can do that won't be great for gold. It's a guaranteed win no matter what they do, it's over. Kamala will only be the icing on the cake.
soubt FED will do anything this year as TRUMP/HARRIS battle is ON....no one looks @anything to do with economic issues...this battle blinds everyone in US..let alone TRUMP has already won it, but not on paper just yet...thx to CROOKS!
Interesting. It will be a test of The Fed's political independence then if they recognise that they have to lower rates.
Trump wants to challenge The Fed's independence by having a say on interest rate decisions and giving Treasury oversight powers https://www.cnbc.com/2024/08/08/tru...-federal-reserve-interest-rate-decisions.html Harris pushes "convention":
