Regain your own power stop accepting blame and begin building an amazing life

Regain your own power, stop accepting blame, and begin building an amazing life!

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Whether you are a C-level executive, a salesperson or the CEO of your company, it's important to know how to take back your personal power. When people blame others for their problems and don't take responsibility for their own actions, they are not in a position to change anything. If you blame others for your problems, then you will never be able to create an incredible life for yourself. But remember that you weren't born with this ability—it took time and effort for other people in your life to convince you that there was something wrong with them instead of something wrong with the way they were handling things. So if you want to stop blaming others (and start creating an incredible life), here's what I recommend:

The problem is the belief that you are powerless.

This is one of the most common beliefs that people have about themselves, and it's a big mistake! If you believe that your power comes from outside of yourself instead of inside, then when someone takes away or limits your access to external sources of power (like money or material possessions), it will feel like an attack on who you are as a person. This can make it difficult for some people to accept help from others because they feel like they're being taken advantage of by asking for assistance when they "should be able" to do everything themselves without any help whatsoever.

However–and this is important!–your own personal sense of worthiness does not depend on whether or not someone else gives them something valuable; rather than requiring validation from others before feeling worthy enough as human beings ourselves, we should be focusing our energy on doing things in service toward improving ourselves first so that we may live happier lives overall!

You do not have to be a rescuer

You do not have to be a rescuer. You cannot control other people's behavior or the past, but you can change how you deal with these things in your life.

If people are constantly blaming you for their problems and issues, then they need to take responsibility for themselves and their actions instead of passing it off on others. This is not your fault! The past cannot be changed; only lessons can be learned from it so that we can make better decisions going forward in our lives. The same goes for other people's behavior–you cannot change it because they have their own choices in what they choose to do (or not do).

You can take responsibility for your own life.

You are responsible for your own life and no one else is. You are the only person who can change or control your life, everyone else is just along for the ride. No matter how much we wish it were different, this is how it works. And if you want to create an incredible life then taking responsibility for yourself has to be part of the equation!

So what does this mean exactly? It means that if something isn't working out in your world – whether that be relationships with friends/family members or career struggles – then there's only one thing left: YOU! Part of taking back our personal power is realizing that we cannot control another person's actions (or reactions). Sure, maybe there were signs early on but if someone chooses not listen despite being warned repeatedly then chances are nothing will work out between them anyway even if they did listen at first."

You are in control of your own consciousness

You are in control of your own consciousness. You are responsible for the thoughts that create your reality.

You can choose to change those thoughts and change your reality, or you can choose not to change them and keep creating the same old results over and over again.

It's up to you!

Your problems are caused by your beliefs, not external circumstances.

You may have heard this before and it's true because our beliefs are the result of past experiences that we've had and they can also be changed with the right tools. Beliefs are something that we create ourselves through our own choices, so if you don't like how things are going in your life right now then it's time to change those old negative beliefs into new empowering ones!

The only way to ensure that you're in control of your own power is to start taking responsibility for it.

 

      Stop blaming others. If something goes wrong, don't make excuses or try to shift the blame onto someone else–take ownership of your part in what happened and make a plan for how you can fix it next time.

     Stop playing victim! You are not a victim! You are responsible for your own happiness and well-being; no one else can do that for you but yourself! Don't let anyone tell you otherwise (especially if they are trying to get something out of it). If someone does try this tactic on me now though… I just smile politely at them then walk away because I know better now!

I hope this article has helped you to see that you are in control of your own life and power. You don't have to be a victim or a rescuer, as it's only your beliefs that hold you back from creating an incredible life. Once you realize that there is no one else who can save or blame but yourself, then it will become much easier for you to take responsibility for everything in your world!

markethive

Tim Moseley

Robert Kiyosaki projects huge backlash for dollar as US is no longer playground bully’

Robert Kiyosaki projects huge backlash for dollar as US is no longer ‘playground bully’

by Ana Nicenko

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After France and China signed several economic agreements involving sectors like transport, energy, culture, agriculture, and science, Robert Kiyosaki described the situation as the United States being thrown out of the global financial ‘playground’ where it used to be the main ‘bully.’

Indeed, the author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ believes that other countries are no longer tolerating the US, which used to be the ‘big bully,’ as he explained in the episode of The Rich Dad Radio Show podcast streamed on April 19.

“The US has been the big bully in the play yard. Suddenly, all the other kids are saying, ‘Well, you’re not going to be the bully anymore. We’re going to gang up on you.’ That’s what the BRICS said, ‘Hey, we’re going to take you down, bully.’”

According to Kiyosaki, the most recent proof of this is France cooperating with China. As he said, “That’s one of our biggest trading partners saying, ‘[expletive] you US, we’re going to deal with China in Chinese currency, not the US dollar.’ The average American has no idea what that means.”

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As the main consequence of this, the author warned of the possibility of hyperinflation, dictatorship, and mass murder, which he believes would happen because the US dollar, now no longer the global reserve currency, is going to flood back America.

In Kiyosaki’s view, the seeds for this were sown a long time ago. In 1944, the US signed the Bretton Woods agreement, in which the world agreed to trade in USD. But now, this “is falling apart because Triffin’s Dilemma (…) meant the US had to supply dollars to every central bank throughout the world, so we had to print probably quadrillion of dollars.”

“The BRICS nations [will] gang up against the bully, they [will] say, ‘Take your dollars back,’ and when those dollars come roaring back into America, we have a thing called hyperinflation, and every time there’s hyperinflation – guess what happens – dictators arise, and when dictators arise, the murder starts.”

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Moreover, Kiyosaki recalled that US President Nixon took the USD off the gold standard in 1971, which is when it “became fake money, and that’s when I started buying gold and silver.” According to him, Nixon’s actions violated Gresham’s Law, which says that “when bad money enters a system, good money goes into hiding.”

Notably, Kiyosaki has earlier warned about the possible role of the USD in the financial collapse that he believes is threatening America, which “has been violating all of these laws of money for all these years,” and that the world has now had enough of it.

To circumvent the potential consequences of the USD becoming useless, he has long argued for investing in alternative assets, such as gold, silver, and Bitcoin (BTC), which he believes is the best way to protect against inflation and safeguard one’s wealth, as Finbold reported

Tim Moseley

Fed narrative alarms traders who believe that a rate pause is imminent after the May rate hike

Fed narrative alarms traders who believe that a rate pause is imminent after the May rate hike

Recent volatility led to diminished bullish market sentiment for gold causing a price break and taking gold futures to $1980.90 before recovering. This morning in New York traders witnessed a quick and powerful price decline in gold breaking $20 below $2000 and recovering just as quickly as it sold off.

This was in response to Federal Reserve officials who continue to reiterate the need for taking interest rates higher. Federal Reserve officials will go silent one week before the May FOMC meeting beginning on Saturday, April 22.

Two Fed officials have been extremely vocal both suggesting the need to continue to raise interest rates even after the anticipated ¼% rate hike occurs in May.

Last week Fed Governor Christopher Waller said that the Federal Reserve needs to continue raising interest rates because of the high level of inflation. "Economic output and employment are continuing to grow at a solid pace while inflation remains much too high," Waller said, noting that investors should not expect rates to fall any time soon. "Monetary policy will need to remain tight for a substantial period of time, and longer than markets anticipate,".

Fed Governor Waller was resolute when he spoke on Friday saying, “Despite a year of aggressive rate increases U.S. central bankers "haven't made much progress" in returning inflation to their 2% target and need to move interest rates higher still.”

Addressing current inflationary pressures Waller said that inflation has "basically moved sideways with no apparent downward movement… Monetary policy needs to be tightened further. How much further will depend on incoming data on inflation, the real economy, and the extent of tightening credit conditions."

James Bullard and Christopher Waller both strongly believe that the economy and inflation continue to remain stronger than expected.

Reuters posted an interview yesterday with St. Louis Federal Reserve President James Bullard who also underscored the need for higher U.S. interest rates to combat inflation. During the interview, Federal President Bullard said, “The U.S. central bank should continue raising interest rates on the back of recent data showing inflation remains persistent while the broader economy seems poised to continue growing, even if slowly.”

Both Fed officials expressed a narrative much different than many market participants assumed, which is a pause by the Federal Reserve in rate hikes to begin after one more rate hike in May. The assumption that the Federal Reserve will stop their consecutive rate hikes at every FOMC meeting since March 2022 diminished based on the most recent narrative by Waller and Bullard.

The chart above is a 30-minute Japanese candlestick chart of gold futures. It shows how quickly gold sold off during the morning trading session in New York after breaking below the support trendline at $2013. The chart also indicates that gold recovered as quickly as it sold off. As of 5:30 PM EST, the most active June 2023 futures contract is down $12.30 and fixed at $2007.40.

Gary S. Wagner

By

Gary Wagner

Contributing to kitco.com

Time to Buy Gold and Silver

Tim Moseley

Gold has found support above 2000 aided by the belief the Fed will pause hikes soon

Gold has found support above $2000 aided by the belief the Fed will pause hikes soon

Over the last 10 trading days, gold futures have effectively closed above $2000 per ounce. Although on an intraday basis, gold has moved below $2000 on three occasions, gold prices recovered and closed above $2000 on each instance.

On April 3, gold futures opened at $1990, traded to a high of $2007 and closed just at $2000 per ounce. On the following day, April 4 gold opened above $2000 and closed at $2038. This marked the first of 10 consecutive days in which gold closed above that critically important psychological level.

Market participants have been solidly bullish about gold based on the belief that the Federal Reserve could stop raising rates after the May FOMC meeting. The belief that the Fed will pause rate hikes after one final ¼% hike in May has ignited strong bullish market sentiment for gold pricing.

Because there is an intrinsic lag between rate hikes and the effect on contracting the economy the Federal Reserve will need to pause at some point to gauge the outcome of raising rates at every FOMC meeting since March 2022.

This optimism has pressured the dollar and yields lower and concurrently moved gold futures above $2000 per ounce. Recent volatility and diminished bullish market sentiment for gold have been in response to Federal Reserve officials who continue to reiterate the need for taking interest rates higher. Last week Fed Governor Christopher Waller said that the Federal Reserve needs to continue raising interest rates because of the high level of inflation. Reuters posted an interview today with St. Louis Federal Reserve President James Bullard who also underscored the need for higher U.S. interest rates to combat inflation

Market participants will continue to focus on more comments from Fed officials this week before the Feds standard blackout period that will begin on April 22, ahead of the May FOMC meeting.

As of 5 PM EST gold futures basis the most active June 2023 contract is up $10.80 and fixed at $2017.80. Spot gold has moved back above $2000 and is currently up $9.91 and fixed at $2004.80.

By

Gary Wagner

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

Gold futures trade to 199340 and recover back above 2000

Gold futures trade to $1993.40 and recover back above $2000

As of 4:25 PM EST, gold futures basis the most active June 2023 contract is trading down $8.50 or 0.42% and fixed at $2007.20. In earlier trading market participants actively moved gold below the key psychological level of $2000, taking June gold to its intraday low of $1993.40.

Today’s price decline in gold can be 100% attributed to dollar strength. Currently, the dollar is up 0.54%, however, when compared to gold’s decline of -0.41% investors are bidding the precious yellow metal fractionally higher.

Spot gold is also trading lower with dollar strength being 100% responsible for the decline. Currently, spot gold is fixed at $1994.40 a decline of -0.45%. However, on closer inspection dollar strength accounted for $-11.00, and normal trading add + $1.90 resulting in today’s $9.10 decline, according to the Kitco Gold Index (KGX).

Recent statements by members of the Federal Reserve have maintained its current hawkish demeanor underscoring the need for the Fed to continue raising interest rates. On Friday speaking at a conference in San Antonio Texas Federal Reserve Governor Christopher Waller said, “Because financial conditions have not significantly tightened, the labor market continues to be strong and quite tight, and inflation is far above target, so monetary policy needs to be tightened further.”

Governor Waller called the most recent March CPI report “mixed news” that indicated that the Federal Reserve has not made much progress on its goal to reduce inflation. He referenced core consumer prices rising 0.4% or higher for the last four consecutive months as proof that the Federal Reserve needs to continue its aggressive stance of rate hikes.

It must be noted that some economists including Mohamed El-Erian and BlackRock are convinced that inflation is not on track anywhere near the Federal Reserve’s target of 2%. In a note, a strategist at BlackRock said, "Inflation in the US is not on track to settle anywhere close to the Federal Reserve's 2% target, in our view. That was reinforced by March inflation data,"

This is in line with CME’s FedWatch tool that reveals there is an 86.7% probability that the Federal Reserve will implement another rate hike of ¼% which would take their terminal benchmark rate to between 5% and 5 ¼%.

Persistently high inflation will continue to be highly supportive of gold as pricing builds a base and eventual support at $2000 per ounce.

Gary S. Wagner

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

No More Tears with Buoyant Mind

No More Tears with Buoyant Mind

One cannot cultivate steadfastness and upbeat dispositions unless they are at peace with themselves and are filled with love. His optimistic outlook on life will increase self-esteem, and he must let the past die. His ability to embrace each task with gusto and never complain about his luck will determine his level of achievement. Such a person seizes every opportunity to make the most of life, and he or she uses magic to enchant others to follow in his footsteps. Such a person's existence will resemble whirling fields with shifting seasons and strutting streams with giggles and crackling noise. As he is forward-looking with intense hope at every step, which is the basis for our moment-to-moment life breath, he places emphasis on his "Karma" (actions) in order to be remembered and emulated by others. He is overjoyed at every victory and never grows weary or dejected at setbacks.

He is receptive to strange events and new ideas, and he is flexible. He is not incorrigible, rude, or rancorous, but he is constantly ready to take the blows and ups and downs of life and constantly ready to stand by and assist others when they are in need. A person with these admirable and lofty attributes excels in organizing tasks, quells others' wicked tendencies, is able to exhale or blow away all the problems of everyday life, and is content and grateful to God for His divine favor, joy, and blessings.

If we take the required efforts to make our life always fresh and spotless by nourishing it, the neurons in our brain are triggering and brimming/reviving swiftly with dormant energy and wisdom. Consuming wholesome, nutritious food that is high in fiber and nutrients enables us to prevent constipation, one of the key factors contributing to our erratic moods. Such food also aids in boosting our immunity and stamina. Lethargy can also be avoided by keeping our minds and bodies active and robust. In addition to helping us prevent suicide thoughts and attempts, divine knowledge, attending spiritual talks, participating in devotional songs and dances, etc., strengthen our motivation to realize God.For the greatest outcomes, one should surround themselves with younger people, unwind frequently, and obtain enough sleep while engaging in regular activities. We can lift our own spirits and those of others by showing love and affection to everyone and by appreciating the deserving for noble causes. In every transaction, one should maintain some wiggle room and flexibility. When making crucial decisions, we should avoid striking the wrong note and instead be rational, analytical, and discerning.

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A person who possesses the aforementioned traits is disciplined and his mind is calm, both of which aid in focus. He will find the Creator and the Supreme Lord to be fascinating. By avoiding attrition, encouraging love and tolerance, and adapting to the situation, he will be able to escape the maelstrom of life with ease. He will also be able to ward off numerous illnesses. Being a dynamic individual, he conquers new heights and smoothes out numerous kinks in life. This kind of quality gives life more flavor and shine. He is quick to reconcile his differences in order to change those who are opposed to him and have corrupted, biased, and twisted minds. He might become a driving force in educating and reshaping people to enjoy life's true meaning and avoid letting boredom ruin it. He might also frequently take other people's emotional turmoil and anxieties in stride, not leaving anything to chance but fighting back time and time again against the odds to get the desired outcome. He will live guilt-free as a result.

The buoyant individual has a powerful mind, is psychologically optimistic, and has a stable demeanor. He will establish himself as a driving force and, through his energetic mobilization of people' opinions, shape those opinions for the benefit of society. He can demonstrate his ability to serve as a shining example for others and a beacon of hope. In order to increase the strength of sustenance, live with vigor, tolerance, and the ability to maintain composure, he is able to cleanse both his own and others' drosses. He does this by delighting in the face of any challenge. Even people who lead sedentary lives can be revived by him. These people are qualified and qualified to promote peace, love, harmony, and order everywhere. People with similar wave lengths form friendships and share their joys and sorrows. Allergies, arthritis, cancer, depression, diabetes, high blood pressure, and other severe chronic and contagious diseases are just a few examples of the many difficult-to-treat conditions that these attributes are also very useful in preventing.

A happy, self-assured, and upbeat individual is boosted by humanity and shines like a bright light instead of suffocating like a wilting wick. He will have a fulfilling life while helping others, and he will be egoless so that he can maintain his high status.He is a devoted, tenacious, and morally upright man who will act as a locomotive to move the illiterate ahead. Even the insane, blind, disabled, and other types of people won't suffer in his presence. By making their lives more interesting, he will alter the world with the aid of people like him. A few of these people have the power to create a paradise on earth. We should associate with these people because they are achievers and will create a society that is peaceful, prosperous, and friendly. Let's not forget that great outcomes are anticipated when spirituality and buoyancy combine. One shall feast his eyes on the Supreme Lord after achieving spiritualism and virtues because acquiring such insight surpasses all worldly pleasures and makes one illustrious.

Consider whether you'd rather to be cheerful and encouraged rather than cry dejected tears and wail hysterically.

Tim Moseley

Gold prices remains under pressure as US retail sales drop 1 in March

Gold prices remains under pressure as U.S. retail sales drop 1% in March

Recession fears could start to pick up again as U.S. consumers cut back on their spending, with retail sales numbers dropping more than expected last month.

U.S. retail sales dropped 1.0% in March, following a revised 0.2% decline in February, according to the latest data from the U.S. Commerce Department. Economists expected a decrease of 0.4%% in last month's headline number.

Core sales, which strip out vehicle sales, also missed expectations, falling 0.8% last month versus the projected decline of 0.1%. The report's control group, which strips out autos, gas, building materials, and food services, dropped 0.3%, falling in line with the consensus forecast.

The disappointing economic data is not having much impact on gold as the market sees some technical selling pressure after Thursday's rally to a fresh 13-month high. June gold futures last traded at $2,045.60 an ounce, down 0.47% on the day.

Along with gold, the weaker-than-expected retail sales numbers are not having much impact on market expectations surrounding the Federal Reserve's monetary policy decision next month. According to the CME FedWatch Tool, markets see roughly a 70% chance that the U.S. central bank will raise interest rates by 25 basis points in May. At the same time, markets still see the Federal Reserve cutting rates by the summer.

By

Neils Christensen

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

Wild daily swings define gold price action on its path to record highs focus on Fed speak and bank earnings next week

Wild daily swings define gold price action on its path to record highs, focus on Fed speak and bank earnings next week

The gold market is ending the week with another massive move. After rising to a 13-month high Thursday, gold gave up all weekly gains Friday, falling $40 on the day.

On the macro level, the gold market is reacting to positive economic news and some hawkish Federal Reserve speak.

"It wasn't just the data today, you had the banks starting to report earnings. JPMorgan crushed it with record revenue. Wells Fargo's numbers were pretty good. The deposits were okay. It looks like one of the big risks might not be unfolding right now," OANDA senior market analyst Edward Moya told Kitco News. "You're looking at this economy that is still holding up a little bit. And then you get some hawkish Fed speak. That's why gold sold off."

This idea that the Fed could somehow pull off a soft landing has encouraged profit-taking after gold hit $2,063 an ounce this week — just inches away from record highs.

"That view is a little too optimistic, but it is the market's take right now. We've gone from focusing on how much the Fed will cut at the end of the year to possibly considering a June hike," Moya said.

The hawkish sentiment, however, could quickly dissipate with more macro data. "Monetary policy acts with a lag, and with the restrictive territory that we're seeing, things could start to break soon," Moya added.

Also, the latest producer price index numbers showed that inflation might have peaked, giving the Fed room to pause after May's 25-basis-point hike, said Gainesville Coins precious metals expert Everett Millman.

"If inflation is coming down and there are still banking problems, the Fed doesn't have a lot of good reason to keep its foot on the pedal and hike after May," Millman told Kitco News. "During the May 2-3 meeting, gold will only react if there is an emergency rate cut or a 50-bps hike. Both are unlikely."

Atlanta Fed President Raphael Bostic told Reuters Thursday that the Fed will need only one more rate hike. Recent data points "are consistent with us moving one more time," Bostic said. "We've got a lot of momentum suggesting that we're on the path to 2%."

In contrast, Federal Reserve Governor Christopher Waller said Friday that there is little progress on inflation and rates will need to move higher.

Inflation has "basically moved sideways with no apparent downward movement," Waller said. "Monetary policy needs to be tightened further. How much further will depend on incoming data on inflation, the real economy, and the extent of tightening credit conditions."

Technicals have played a big role in the gold's selloff Friday, with lots of profit-taking flooding the market.

"This is more of a technical selloff than anything," Forex.com senior technical strategist Michael Boutros told Kitco News. "Pent-up long positions are coming off. But price pullbacks should be limited. The war is still going on, and there is a devaluation of the dollar as a global standard. This will help the gold rally stay afloat long-term."

Boutros is looking at the $1,966 level as support, which was April's open. "If we hold that support, it will be just a minor setback for gold," he said.

For Millman, gold's key support levels are at around $2,015 and $2,000, and resistance is at all-time highs of around $2,070. "There is no clear support level if we fall below $2,000. Gold can go to $1,900," he said.

At the time of writing, June Comex gold futures were trading at $2,015.40, down $40 on the day.

Next week, attention will be on bank earnings, including Goldman Sachs and Bank of America. "I anticipate that those are all bullish for gold. We're going to see markets remain volatile," Moya said.

Next week's data

Monday: NY Empire State manufacturing index

Tuesday: U.S. building permits and housing starts

Thursday: ECB meeting minutes, U.S. jobless claims, Philadelphia Fed manufacturing index, U.S. existing home sales,

By

Anna Golubova

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

Gold prices slide lower as UofM consumer sentiment rises to 635

Gold prices slide lower as UofM consumer sentiment rises to 63.5

Stronger-than-expected U.S. consumer sentiment is adding further selling pressure to gold and is solidifying expectations that the Federal Reserve will raise interest rates by 25 basis points next month.

Friday, the University of Michigan said the preliminary reading of its Consumer Sentiment Index rose to 63.5, down up from 62.0 in March. The data beat expectations as consensus forecasts called for a roughly unchanged reading in consumer sentiment.

"Sentiment is now about 3% below a year ago but 27% above the all-time low from last June," the report said.

The gold market has seen sold selling pressure ahead of the weekend as investors take profits after prices hit a 13-month high Thursday. The better-than-expected data is adding to gold's correction. June gold futures last traded at $2,030.90 an ounce, down more than 1% on the day.

According to analysts, gold is seeing some selling pressure as consumer inflation expectations support calls for the Federal Reserve to raise interest rates again next month. According to the survey, consumers see inflation rising 4.6% by this time next year, up from 3.6% reported in March.

"While consumers have noted the easing of inflation among durable goods and cars, they still expect high inflation to persist, at least in the short run," the report said. "These expectations have been seesawing for four consecutive months, alternating between increases and decreases. Uncertainty over short-run inflation expectations continues to be notably elevated, indicating that the recent volatility in expected year-ahead inflation is likely to continue."

Long term, consumers see inflation relatively stable at 2.9%, unchanged for the fifth consecutive month. Five-year inflation expectations have moved in a range between 2.9% and 3.1% for 20 of the last 21 months, the report said.

Markets now see a more than 85% chance that the Federal Reserve will continue to tighten interest rates. Forecasts for the Federal Reserve's rate cut are also being pushed back until after the summer.

By

Neils Christensen

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

Gold silver hit 13-mo highs on tame US PPI slumping USDX

Gold, silver hit 13-mo. highs on tame U.S. PPI, slumping USDX

Gold and silver prices are sharply higher in midday U.S. trading Thursday and scored 13-month highs. The metals bulls are being fueled by a tame U.S. inflation report, a slumping U.S. dollar index and rising crude oil prices. Gold bulls are now confident they can breach the all-time record high of $2,078.80, basis nearby Comex futures, sooner rather than later. June gold was last up $28.40 at $2,053.20 and May silver is up $0.437 at $25.90.

Today’s U.S. producer price index report for March showed a decline of 0.5% from February versus expectations for a steady reading. The report helped to put more downside pressure on the U.S. dollar index, which hit a 2.5-month low today. The tamer PPI report follows a slightly milder consumer price index report released Wednesday that came in at up 5.0%, year-on-year, compared to market expectations for a rise of 5.1%. However, the core CPI number came in 0.1% higher than expected.

  Five reasons why you should be overweight gold in today's uncertain markets – abrdn's Minter

Global stock markets were mixed overnight. U.S. stock indexes are higher at midday. The other key outside markets today see Nymex crude oil prices are a bit weaker after hitting a five-month high Wednesday, presently trading around $82.50 a barrel. The benchmark 10-year U.S. Treasury note yield is presently fetching 3.422%.

Technically, June gold futures bulls have the strong overall near-term technical advantage. Prices are in a four-week-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at the all-time high of $2,078.80, scored in March of 2022. Bears' next near-term downside price objective is pushing futures prices below solid technical support at the April low of $1,965.90. First resistance is seen at today’s high of $2,063.40 and then at $2,078.80. First support is seen at today’s low of $2,028.30 and then at Wednesday’s low of $2,015.70. Wyckoff's Market Rating: 9.0

May silver futures bulls have the strong overall near-term technical advantage. Prices are in a steep four-week-old uptrend on the daily bar chart. Silver bulls' next upside price objective is closing prices above solid technical resistance at $27.50. The next downside price objective for the bears is closing prices below solid support at $23.50. First resistance is seen at today’s high of $26.115 and then at $26.50. Next support is seen at today’s low of $25.515 and then at Wednesday’s low of $25.175. Wyckoff's Market Rating: 9.0.

May N.Y. copper closed up 410 points at 412.20 cents today. Prices closed nearer the session high and hit a three-week high today. The copper bulls have the overall near-term technical advantage. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at the January high of 435.90 cents. The next downside price objective for the bears is closing prices below solid technical support at the April low of 392.60 cents. First resistance is seen at today’s high of 414.30 cents and then at 417.45 cents. First support is seen at today’s low of 405.35 cents and then at 400.00 cents. Wyckoff's Market Rating: 6.5.

By

Jim Wyckoff

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

The Artist that came out of the Winter