The gold correction has remained shallow, plus a look at household debt and incomes, commodities, US dollar shorts, and timber!
June 8 (King World News) – Ole Hansen, Head of Commodity Strategy at Saxo Bank: Gold seems in no hurry to extend what so far has been a shallow 60-dollar correction following a 240-dollar rally. The bounce well ahead of support at $1842 and $1825 points to a period of consolidation. US dollar and yield weakness needed to break $1906-17 band of resistance (see chart below).
Gold In No Hurry To Extend Shallow $60 Correction
Billionaire and mining legend Ross Beaty, Chairman of Pan American Silver, just spoke about what he expects to see in the gold and silver markets and also shared one of his top stock picks in the mining sector CLICK HERE OR ON THE IMAGE BELOW TO HEAR BEATY’S INTERVIEW.
Divergence In Household Debt
The Daily Shot: Despite increased spending, credit card balances (revolving credit) are not rebounding. On the other hand, auto loans and student debt (nonrevolving credit) continue to grow. (See chart below).
Auto Loan & Student Debt Soaring (BLACK LINE) As
Credit Card Balances Remain Subdued (PURPLE LINE)
Household Income Expectations
The Daily Shot: The U. Michigan real household income expectations have rolled over as inflation expectations climb. (See chart below).
Real Household Income Expectations Collapsing
With surface samples as high as a staggering 300,000
grams of silver, this company is looking to make
one of the largest silver discoveries in history!
CLICK HERE OR IMAGE BELOW TO FIND OUT MORE.
Commodities Have Been Hot
The Daily Shot: Flows into broad commodity funds are surging. (See chart below).
Record Amount Of Money Pouring Into Commodity Funds!
US Dollar Shorts
The Daily Shot: Are bets against the US dollar becoming stretched? (See chart below).
US Dollar Shorts In A Crowded Trade!
Nautilus Research: Lumber — 1-year analogs (pattern recognition)..(See chart below).
***To listen to one of the great veterans in the business discuss gold, silver, how to invest in the coming inflation, and much more CLICK HERE OR ON THE IMAGE BELOW.
***To hear Alasdair Macleod discuss the impact of the coming Basel III regulations on bullion banks and what the banks are up to right now CLICK HERE OR ON THE IMAGE BELOW.
Also just released: Look At What Just Hit The Highest Level Since 1981! CLICK HERE.
Also just released: A Number Of Things Now Coming Together That Will Push Gold Prices Even Higher CLICK HERE.
Also just released: WARNING: Shortages To Continue Into 2023, Plus An Email From A KWN Reader CLICK HERE.
Also just released: SPROTT: Strong Tailwinds Are Supporting The Gold Bull Market CLICK HERE.
Also just released: Ted Oakley – To Invest In The Coming Inflation You Have To Make Dramatic Shifts CLICK HERE.
© 2021 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.