This Is Why Gold May Have Cemented Its Low As People Tap Credit Cards And Household Debt And Inflation Strangles Consumers

This is why gold may have cemented its low as people tap credit cards and household debt and inflation strangles consumers.

Another Reason Why Central Banks Keep Buying Gold
January 11 (King World News) – Luke Gromen:  The fact that the Fed has a $9 trillion balance sheet v. $29 trillion in Federal debt is proof the US govt has been having difficulty borrowing. I haven’t seen policymaker obfuscation like Powell’s since I watched HBO’s “Chernobyl.” No wonder Central Banks keep buying gold…

ALERT:
Legendary investors are buying share of a company very few people know about. To find out which company CLICK HERE OR ON THE IMAGE BELOW.
Sponsored

Gold
Graddhy out of Sweden:  Expected action in the currency markets today which are making commodities react. Solid candle today for gold, pushing above all MAs + 1800 at present. As said, December 15th is a very possible, early intermediate/weekly cycle low.

Solid Daily Candle May Cement Cycle Low For Gold

Used Car Prices
The Daily Shot:  US used vehicle prices continue to surge.

More “Transient” Inflation As Used Car
Prices Continue To Skyrocket!

Consumers Tapping Credit Cards…Again
The Daily Shot:  US consumers are tapping their credit cards again.

After The Money Is Gone…Consumers
Aggressively Tap Credit Cards

WTF?
The Daily Shot:  Buybacks accounted for 40% of the S&P 500’s total return since 2011.

40% Of Stock Market Gains Are Buyback Manipulation

The New Normal For Employees
The Daily Shot:  Retaining employees is going to be hard this year.

Grass Is Greener For 23% Who Want To Quit Their Jobs

US Household Debt
Walter Bloomberg:  US Household Debt Rises to Over $15 Trillion, NerdWallet Says

$15.2 TRILLION OF DEBT AND CLIMBING:
35% Of US Households Say Their Financial
Situation Has Deteriorated Significantly

To listen to James Turk discuss why gold may finally be poised for a major up-move in 2022 CLICK HERE OR ON THE IMAGE BELOW.

To hear Alsadair Macleod discuss why big money is suddenly buying dips in the gold market CLICK HERE OR ON THE IMAGE BELOW.

© 2022 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 This material may not be published, broadcast, rewritten, or redistributed.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.