Thanks for dropping by. Please subscribe and join the club!
Gold just hit a new all-time high in Asia's overnight trading.
Yes, that's almost $2,140. Friday's close at $2,071 was a record breaker while the day before, on November 30th, gold had its highest monthly and weekly closing on record. Now, we see gold smashing through its previous high.
In the last weeks or so, the dollar has lost about 2 and a half points but still holding well above
Oil is below . I read somewhere recently that for certain oil producers, $88 is needed for sustained profitability.
And finally, I had a feeling would top $40,000 soon and it happened today. is presently at $40, 606. Go Bitcoin!!
Gold's move tonight begets something going on in the background. This suggests the market is calling Fed Chair Powell's bluff. The next FOMC meeting might result in a surprise? We'll find out soon enough.
Gold jumped almost $70 just now and that in itself may be a record intraday jump. Will we see a $100 jump? That would be nice, huh? Yet, be careful what we wish for too.
Silver isn't reacting much... for now...
A major supply squeeze is brewing in the silver sector. Worth keeping an eye on. Those new solar panels over the next few years will need hundreds of millions more ounces per year as the industry grows to support the green movement. A multi-year silver deficit is ongoing. This year's deficit is expected to hit 140 million ounces by year end. It's also prudent to remember that where gold goes, so does silver.
It's a powder keg!
I got my seat belt on.
Peace and love to everyone!
(See reference links below for more information)
Subscribe to my blog and hit the '' button if you enjoyed this post.
I'm now also on Substack with new podcasts.
Previous Posts:
Gold surpasses $2,040. Holy Cow!
The 25 best selling albums of all time.
Greatest hits albums dominate Billboard Top 200
U.S. Gov. now pays $1T in interest!
Bitcoin erupts higher on ETF expectations.
Gold at all-time highs against Yuan.
The gold backed digital token is here!
Modern Technology's unprecedented silver demand.
Central bank gold buying spree not slowing down.
These sponsor links help support my blog. Thank you!
Buy Silver! Visit my channel.
Milk Road - Bitcoin price in real time
Earn free Bitcoin using CryptoTab Browser
Secure your crypto and get $10 in Bitcoin - Ledger Nano X
- Buy and Sell Bitcoin marketplace
- Professional Quality Videos
