There is a post-election boom in ecoptimism as gold futures surge near an all-time high!

Boom In Optimism!
December 10 (King World News) – Peter Boockvar:  In a post election boost, the November NFIB Small Business Optimism index jumped 8 pts m/o/m, a rather large one month move to 101.7. That’s the highest since June 2021.

Where the lift was most notable was in the outlook as the ‘Expect Better Economy’ component spiked to +36% from -5%.

Also, Expect Higher Sales went from -4% to +14% and Good Time to Expand rose 8 pts m/o/m to 14%. Capital spending plans rose by 6 pts to 28%, the most since January 2022 and there was a 3 pt gain in Plan to Increase Inventory.

On the labor market, there was a 3 pt rise in Plan to Hire to 18%, matching the highest since May 2023 and a 5 pt increase in compensation plans to 28%, the highest since December 2023. ‘Positions not able to fill’ rose 1 pt. The earnings trend gained 7 pts to -26% and credit conditions eased by 1 pt. There was a 3 pt rise in Higher Selling Prices to a 5 month high. Lastly, the average interest rate paid on a loan fell to 8.8% from 9.7%.

The NFIB said:

“The election results signal a major shift in economic policy, leading to a surge in optimism among small business owners. Main Street also became more certain about future business conditions following the election, breaking a nearly three year streak of record high uncertainty. Owners are particularly hopeful for tax and regulation policies that favor strong economic growth as well as relief from inflationary pressures. In addition, small business owners are eager to expand their operations.”

Now I’m not sure if this survey on small business is going to make it into the deliberations at the Federal Reserve but it should because how can they cut interest rates next week in the face of this burst of economic optimism post election, whether that optimism is realized or not? Shouldn’t the Fed at least take a pause and wait and see? Yes they should.

Finally of note, while perceptions of households’ current financial situation were little changed vs a year ago, “year-ahead expectations about households’ financial situations improved considerably in November” and rose to the best level since February 2020, obviously right before Covid hit in earnest…

ALERT:
Look at which company has positioned itself to become the next K92 high-grade gold powerhouse! CLICK HERE OR ON THE IMAGE BELOW.

“Brother, can you spare a cup of coffee?”
Do you drink coffee each day? If so, you should be aware that the price of coffee futures is jumping to a record high today at $3.47 per pound.

Gold & Silver Going Parabolic
Graddhy out of Sweden:  I just love this chart. What a stylish twin setup.

Gold (Top Chart) & Silver (Bottom Chart) Parabolas

Silver
Graddhy out of Sweden:  A very good looking, technically just beautiful chart.

Silver has lately stair-stepped up, now backtesting quadruple support:

  • ►$30.00, expanding falling wedge, fib 61.8%, parabolic trend line

Next Silver Price Target = $37-42

Now is the time to get ready.

Billionaire Pierre Lassonde – Gold & Silver Will Soar In 2025!
To listen to legend Pierre Lassonde discuss how you can become rich investing in 2025, what he is buying right now with his own money, what people should be buying with their money, what to expect from gold, silver, miners and crypto in 2025 and beyond CLICK HERE OR ON THE IMAGE BELOW.

© 2024 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.