On the heels of the Fed telegraphing they were going to cut rates several times in 2024, the price of gold went on a tear along with the mining stocks as the US dollar weakened. Here is what set off the large moves in major markets.
What a way to wind up 2023…
After calling the major bottom of the gold, silver and mining share markets, King World News is now telling its global readers to ignore the gold and silver volatility because the whole sector is ready to skyrocket.
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On the heels of the price of December gold futures trading down $30 to $2,016, here is the setup.
Today James Turk spoke with King World News about why it is so important that the price of gold has traded above the $2,000 level for 10 straight days.
Sprott says central banks are maintaining a torrid pace when it comes to gold buying, propelling gold prices to a new all-time high before backing off.
Today Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, communicated to King World News that an emotional 24 hours of trading ushered in a $100 trading range in the gold market.