This is the largest daily gold selloff in four years (-3.5%)
Primarily due to profit-taking transitioning into long liquidation after last week's strong rally, Israel's Netanyahu "in principle" approval of a Lebanon ceasefire deal and the announcement of Scott Bessent as President-elect Donald Trump's nominee for US Treasury Secretary. Bessent is seen as another advocate of a smaller government and budget deficits. Source chart: Bloomberg, Tavi Costa
The U.S. crude oil and natural gas renaissance, in one panel chart...
Source: Mason Hamilton, API
According to the best source of Chinese gold and silver data – @oriental_ghost – China is on a silver consumption BENDER
Source: ale Gold great again
Current gold price pattern is similar to that seen in 2016's "sweep republican victory"...
Source. www.zerohege.com
JUST IN: White House plans to triple Nuclear Power by 2050 to meet technology demands.
Source: Bloomberg
Uranium ETF $URA forms a Golden Cross for the first time since June 2023.
The last one sent shares soaring more than 50% over the next 7 months! Source: Barchart
Gold's best year since 1979!
There have been only four times in history where gold has delivered stronger returns: 1979: +126.5% 1973: +73% 1974: +66.1% 1972: +48.8% Source: GoldSilver
GOLD RALLY HAS BEEN TRULY UNSTOPPABLE
Gold prices have hit 40 all-time highs so far in 2024, marking the best year this century. The so-called barbarous relic has rallied 33% year-to-date and is on track for the best annual performance since 1979. Source: Global Markets Investor, The Daily Shot
