HOME

Gold prices move near session highs as Federal Reserve raises interest rates 75 basis points

Leave a comment

Gold prices move near session highs as Federal Reserve raises interest rates 75 basis points

The gold market is seeing some new buying momentum as the Federal Reserve looks to slightly adjust its aggressive monetary policy stance.

In a widely anticipated move, the Federal Reserve raised its Fed Funds rate by 75 basis points. This is the fourth consecutive supersized rate hike this year. While the central bank remains focused on bringing inflation down, it does appear to be adjusting its stance.

"The Committee anticipates that ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time. In determining the pace of future increases in the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments.

Analysts and economists expected the Federal Reserve to signal a slowdown in its tightening cycle in December and through the early part of 2023

December gold futures last traded at $1,661.70 an ounce, up 0.77% on the day. "The market read that statement as leaning less hawkish on U.S. monetary policy going forward," said Jim Wyckoff, senior technical analyst at Kitco.com.

Katherine Judge, senior economist at CIBC, said that the more nuanced messaging in the statement gives the central bank a platform to slow the pace of rate hikes. However, she added that terminal rate expectations remain in place.

"Today's statement is still consistent with the median dot plot projections released back in September, which showed rates reaching 4.25-4.50% by year end (i.e. a further 50bp hike in December), and between 4.50-4.75% next year," she said in a note. "Our own forecast doesn't include that final 25bp hike in 2023, as we expect to see evidence that GDP and employment growth is slowing more than the Fed previously anticipated by then."

Some economists note that the Federal Reserve still sees resilient strength and high inflation in the economy. The Fed reiterated its stance that it is committed to brining inflation back down to its 2% objective.

"Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures," the statement said. "The Committee is highly attentive to inflation risks."

Paul Ashworth, Chief North America Economist at Capital Economics, said that with interest rates in restrictive territory the U.S. central bank has room to slow the pace of its tightening.

“Barring another upside inflation surprise in the October and November CPI reports, which we can’t completely rule out, it looks like the Fed is laying the groundwork to shift down to a 50bp hike in December and, if we’re right that core inflation will start to show signs of slowing soon, a 25bp rate hike at the January meeting next year,” he said.

By Neils Christensen

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

HOME

Housing Crash Begins And It’s Worse Than You Think

Leave a comment

Housing Crash Begins And It's Worse Than You Think

HOUSING CRASH

The U.S housing bubble has finally burst, and home prices are in free, fall with no floor in sight. After two years of stratospheric price appreciation, a major shift has begun, and at this point, homeowners are already seeing property values collapse at the fastest Pace. Since the Great Recession, this downturn is escalating much faster than experts anticipated, as mortgage rates surpass. The seven percent Mark and home sales continue to plunge all across the country.

 

ecosystem for entrepreneurs

Given that the vast majority of markets are overvalued by 50 or more we're about to witness the worst housing crash of our lifetime and the consequences are gon na be brutal for the U.S economy, we have a lot to cover today, but before moving on, please support Our work with a thumbs up in this video and don't forget to subscribe. The housing market is one of the biggest segments of the U.S economy and the fact that there's a series of flashing red warning signs hitting the sector means that trouble is on the horizon. A massive downturn continues to pick up steam and the latest numbers are quite breathtaking.

 

Last week the National Association of home builders reported that slumped home construction. Subtracted 1.37 percentage points from the. U S, GDP in the third quarter, which has represented the biggest housing contraction since 2007. At the same time, mortgage purchase applications plunged by 41.

 

on a year-over-year basis. Total mortgage applications are now lower than at any point during the Great Recession. Home sales are also cratering in September. They decline for the eighth month in a row in the west. Sales dropped the most dramatic sinking, 31.

 

percent since last year in the Northeast home. Sales have dropped 18.7 from a year ago and they fell 19.7 in the Midwest and 23 8 percent in the South, meanwhile, pending home sales, declined by a staggering 35 Nationwide this month, which is the biggest drop in at least seven years. All of that is thanks to the highest mortgage rate since 2002.

 

This month they had a new high of 7.16. According to data from The Mortgage Bankers Association that suggests that housing will continue to become less affordable, even if prices keep going down over the past three months, home prices have been dropping by nearly two percent per month. The fastest pace of home price declines recorded since the Great Recession in some Markets, its prices are actually collapsing almost seven times faster than the national average. For instance, new numbers compiled by Black Knight show that in September, prices fell by 13 in San Jose in San Francisco.

 

They went down by 10.8 percent in Seattle, they slipped by 9.9 percent, and more than one in five homes up for sale had a price drop. Last month, a record rate since Redfin began keeping track in 2012. On the flip side, they're still up 4.

 

percent in the past six months, 13.1 percent over the past year, and 42.2 percent since the beginning of the Health crisis, and the Market's biggest irony right now is the fact that even as the price of housing is steadily Falling the cost of housing is still climbing to new highs. Axios, analysts estimate that if someone had bought a Canadian-priced home in September rather than June, they would have paid 5.1 percent less for the house, approximately four twenty-seven thousand, rather than four hundred fifty thousand dollars, but assuming a 20 down payment and a 30-year mortgage.

 

That person would face monthly mortgage payments, almost 10 percent higher at two thousand two hundred and sixty dollars per month. They explained the firm noted that the monthly principal and interest mortgage payment on the median-priced home is up nine hundred and thirty dollars from a year ago. That is a painful 73 increase. In some cases, current mortgage rates are adding an extra one thousand eight hundred dollars to a mortgage payment. It's looking like a 4 500 mortgage payment for the typical home in San Diego.

 

After putting twenty percent down, that's a lot of money. Frankly, that's more than what a lot of people in San Diego are even paying for rent. So that's the biggest hurdle highlighted Jeff Tucker, an economist with Zillow. So when you factor in soaring mortgage rates along with elevated home prices and wages that aren't increasing as fast buying a home is less affordable now than it has been in decades. The expert added the consensus in the industry right now is that it's very unlikely that the cost of purchasing a home will return to the normal level of affordability anytime soon, today, the average American family would need to spend 30 2 percent of their income on monthly mortgage payments at current rates, which means that the Market's affordability Outlook remains bleak.

 

Those who work in the mortgage industry are going to feel a tremendous amount of pain in the months ahead. According to the chief Economist at Redfin, the market is facing the most significant slowdown since the last Bubble Burst. This is the sharpest turn in the housing market. Since the housing market crash in 2008 said Daryl Fairweather many people still have fresh in their minds. The pain.

 

Our society went through in 2008. Back then, National property values fell by 27 from Peak to trough. Although some markets have seen much steeper losses of up to 58 percent this time around property values are set to sink even deeper. There was massive overheating in the housing market in 2021 through this spring that pushed prices higher than what the fundamentals would support now, they're. Finally, coming down Tucker continued for affordability to return to normal levels, home prices would have to lose roughly 92 percent in value to come back to where the value of the typical home was in the fall of 2020.

 

That is without adding mortgage rates to the equation. A Wall Street Economist recently estimated that a 20 drop would occur in the very first stage of this new bubble collapse that will extend through the end of 2022 and from that point on, they would continue to Free Fall as tumbling demand for homes admits sharply Rising. Mortgage rates add immense pressure on home prices, says Ian Shepardson, Chief Economist, with Pantheon macroeconomics. We expect home sales to keep falling in 2023. By early next year, sales will have fallen to the incompressible minimum level, where the only people moving home are those with no choice.

 

Due to job or family circumstances, discretionary buyers a disappearing rapidly in the face to the near 400 basis, point increase in rates over the past year. He said the first price plunge will be just the beginning. Shepherdson continued. The bad news is that prices have much further to fall before the market adjusts fully to the collapse in demand. He explained.

 

Furthermore, in 2008 the housing bubble affected only half of the U.S states. Today, Moody's data shows that, from the nation's 322, Regional Housing markets, 100 percent will see a peak-to-trough home price decline with some of the most overvalued, such as Boise, Idaho, at risk of crashing by 77 percent. The company also predicted that the unemployment rate goes above six percent. The first round of home price declines will be much greater than Shepherdson's current forecast falling between 25 to 30 percent.

 

Get 10% off Made in the USA candy from Old Time Candy + Free Shipping On Orders Over $250 In The Continental U.S. At OldTimeCandy.com!

Considering that the mortgage rates are expected to continue to see tightening credit conditions for millions of U.S businesses even further, it's only a matter of time before Mass layouts start being announced. Nar Chief Economist Lawrence Young warned that seven percent mortgage rates are the new normal for buyers until the economy begins to improve rates could reach 8.5 percent, which would be another big shock to the market. Nar Chief Economist Lawrence Young, told a group of Real Estate Investors last week.

 

Other analysts predict mortgage rates could hit double digits in the months ahead as the FED desperately attempts to get inflation back under control. It was The fed's Reckless Behavior that created this horrifying inflation spiral and fueled the growth of the housing bubble in the first place now they're trying to fix one crisis by causing another decision to continue hiking interest rates in one of the most aggressive tightening Cycles. In decades is going to spark an unprecedented financial and economic disaster in the United States. In a recent interview with CNBC billionaire Barry, sternlick told the public to brace for a major housing market crash and a serious recession. The economy is breaking hard.

 

The chairman and CEO of Starwood Capital Group said If the Fed keeps this up, they're going to have a serious recession and people will lose their jobs. He had it. This is neither a seller's nor a buyer's market. It's an environment where everyone loses arky's financial analyst Bill, halter, alerting us that we could soon see a crash that'll make previous crashes blush the action you're seeing now is exactly what you saw in 1987. This is what happens prior to crashes.

 

It's massive volatility, both ways. People are losing both ways. Then the whole floor gives way, and that's where we are. We are right on the doorstep of a crash that will make previous crashes blush. Many people are going to lose everything overnight.

 

All indicators show that this is just the beginning of a nightmarish crisis, and this new crash is going to be way more devastating than what we experienced back in 2008. Very rough weather is headed our way, and everyone is starting to feel that things are about to get really ugly.

Add Julia Hair To Homescreen

Tim Moseley

HOME

Walmart Reports Major Shortages As Fears Of Hard Times Rising

Leave a comment

Walmart Reports Major Shortages As Fears Of Hard Times Rising

BY EPIC ECONOMIST

The foreign supply chain is far more chaotic than most people can imagine. Not even the world's largest retailer is immune to the shortages and disruptions that have been plaguing U.S businesses in recent years, but given its market dominance in its vast network of suppliers, the fact that empty shelves can still be seen across many of its stores is quite Alarming, especially at a time when pretty much, everyone in the industry is saying that Food Supplies are going to get increasingly tighter in the months ahead, even though its Executives say that the company is actually overloaded with too much stuff. Shoppers tell a different story. Many customers have recently reported on social media what they're, seeing every time they go.

 

ecosystem for entrepreneurs

Grocery shopping at Walmart, plenty of stock outages, bare aisles, and Scattered merchandise all around the superstore, and if you notice that your local Walmart was closed during Thanksgiving well, you'll probably have to get used to it. Ceo John Furnas is that opening stores during national celebrations is a thing of the past and while he justified the temporary shutdown by saying that employees deserve to spend the day with their loved ones, we'll know that the retail Giant's workplace policies are not that amicable. Thanksgiving is typically one of the days with the highest sale volumes of the year for retailers and experts. Note that Walmart's move may actually be a strategy to ensure inventory for a long, as more shortages are expected to emerge by Christmas, the company's latest woes might be a hint of what the entire sector will be facing soon and if that's really the case, we all should Start worrying: we have a lot to discuss today, but before moving on, please support our work with a thumbs up and don't forget to subscribe after the pandemic broke the complex where the tide Supply chains together, things were never the same again, although authorities in the media Kept insisting that shortages would soon be gone they're still here, and they continue to impact our everyday lives. Even Walmart, the seemingly unshakable retail giant, is reporting growing supply, chain challenges, and customers continue to complain about not being able to find the products that they want and need if conditions are looking bad for the superstore chain.

 

What is the outlook for companies that are far smaller, far weaker, and have significantly fewer resources? We'll probably learn the answer to that over the next few months, with the holidays approaching Walmart continues to be a One-Stop shop for many people. Suiting customers' needs for clothing appliances, entertainment devices, and groceries. However, in many recent Reddit threads, Shoppers have been voicing concerns over growing food shortages in their Walmart stores, especially for Frozen Goods, fresh produce meats, and, more recently, many people reporting that they can't find chicken anymore. At the store, countless commentators noted that their local Walmarts had either run out of chicken or were about to perhaps due to the scale of its sales volume.

 

Walmart is the first major retailer to experience the impact of the bird flu pandemic on its food supply chain. One commenter asked: are people hoarding or is there a production shortage? One Restaurant owner wrote that right now it's cheaper to buy the parts than whole chickens, so owners are buying all chicken parts they can find. Meanwhile, a worker of the superstore chain said the store. I work at looks like this too we're barely getting any chicken at all, maybe a day's worth we get per truck in an email sent to Thrillist.

 

The company confirmed that there is a chicken shortage in their U.S stores, but they noted that Walmart is not the only one facing it. A representative for the retailer wrote. This is not just an issue isolated to Walmart it's affecting every chain. It's an industry issue.

 

He said with the worst outbreak of Avian Influenza, killing more than 40 million Birds, supplies of eggs, poultry and turkey have been unusually low over the past six weeks. It's safe to say that shortages were not the only disturbing thing customers have seen at the store lately. Even though the retailer is known for its cheap prices and good deals, those who were buying for Thanksgiving at Walmart were probably shocked to see the turkey prices were 109 more than they were last year, jumping from 11.18 in 2021 to 24.56 this year.

 

According to a Business Insider report, poultry industry, expert, Thomas Elam, said, customers should expect record prices until the end of the year. Christmas will be no different. He said that major impacts on poultry Ag and turkey production and impacts on Broiler meat production, Elam added and we've had general price inflation in wages and salaries, energy and all of those are impacting our retail food sectors. We are working hard with our suppliers to increase inventory. The Walmart spokesperson continued, but the truth is that when an industry Titan that has thrived even during the darkest moments of the pandemic, is still struggling to ramp up its inventory of everyday necessities and to keep stores shells start, then you know things are really bad.

 

That's what supermarket, gurus Phil Lampert noted in a recent interview. In fact, the expert argued that Walmart's decision to close all of its doors during one of the busiest shopping days of the year seems more like a strategy to hold on to its holiday inventory. For longer. Last month, CEO John Ferner announced that stores would stay closed during Thanksgiving, stating that open stores during national celebrations are a thing of the past and that all of our Associates will be able to spend time with their loved ones. This year.

 

On the other hand, lemput noted that the company is trying to reduce costs wherever they can and by shuddering stores, temporarily. They wouldn't have to pay their employees any extra money for working on the holiday with customers paying more for groceries and fuel. The department store saw a decrease in sales of general merchandise this year right now, the retailer is dealing with a massive inventory: glut of Home Goods, appliances, electronics, and other big-ticket items, while the grocery section, which accounts for 60 percent of its sales, is seeing major Inventory holes, the excess supply of products that aren't selling and the shortfall of products that are in high demand, let the company's profit to Collapse by 24. In the first quarter alone and after a disappointing earnings report, its stock shares plunged by 10 percent in a single day. The imbalances in Walmart's supply chain will take several quarters to be sorted out, says president Doug McMillan in September.

 

He said that supply chain problems and inventory shortages are as Stark as he can remember in his 30 years in retail. He also expressed concern about the impact of rising prices on U S, households, I'm concerned about the inflation rate, and should it stay at this level or go up and be there for a sustained period of time? I think that has a negative impact on too many families. Mcmillan said, at the end of the day, inflation needs to come down stress Prime Yara, a retail analyst with the financial services firm, Edward Jones, with inflation as high as it is lower-income families can't afford the general merchandise. Moreover, the USDA says food prices are about to get even higher, so the retailers, sales, and profit Outlook is being hit on all fronts.

 

During last year's holiday season, Walmart reported a record-breaking sales growth of 15.1 percent. That's why this year's forecast of a mere four percent growth in holiday sales highlights the chain's latest struggles. Moreover, MacMillan noted that 2022 supply chain costs were more than 400 million dollars higher than anticipated. The company also took a one billion dollar hit on its operating income, and now executives are scrambling to stabilize the business.

 

However, the problems Walmart is facing in 2022 are not new. Last year, former Walmart president and CEO Bill Simon, said that the supply chain was a mess from start to finish. I've never seen it like this, and I don't really think anybody living in this country has. I mean this is really unprecedented. There's a shortage of Labor in our distribution system and there's a shortage of people to put items on the Shelf.

 

Simon told Fox Business according to a new story in Bloomberg, the company's Inventory management practices actually have a lot of room for improvement. Not only are its sales dramatically slowing but they're having to hire Consultants to figure out why they're stocking up so many of the wrong products. Many products run out quickly and the new stuff doesn't come in Simon, Says, adding that self-inflicted wounds were Walmart's biggest risk. A representative tried to hush the story about an anonymous source who noted that, after a meeting with Executives, they all seemed worried about the ongoing disruptions in the process of replenishing merchandise, to keep up with the cost of demand and changing season. One Californian Walmart, Supercenter manager, who preferred not to reveal their name, said that Simon's comments were dead on.

 

There are gaps where merchandise is missing, we're not talking about a couple of empty shells. This is throughout the store in every store. Some places. Look like they're going out of business. The manager who's worked at Walmart for nine years highlighted my camera bar hasn't had cameras since early January.

 

They let the merchandise phase out, but nothing new comes in to replace them. We're supposed to have 72 cameras, but we maybe have 12 What is a customer supposed to buy the soul set at this point, it's clear that cameras are the least of their problems, the deeper we look, the more Walmart's issues rise to the surface from the elephant in the room that nobody really wants to talk about is the fact that our supply chains will never fully return to the way they were in 2019, too much has changed and if the retail giant is in travel, that means everyone else is also experiencing volatility in the supply chain. These Trends will continue to accelerate in the near future, and many other retailers will be facing similar challenges or worse. A consumer recession is now Brewing, financially squeezed U.S families can't afford to spend at the same pace they've been doing over the past couple of years, given that they're grappling with the most painful cost of living crisis in a generation and as consumers deal with the impact of Higher prices, retailers continue to see their sales dropping and those that are on the edge may fall off of it way before people notice.

Get Ready for Holiday Sale

Tim Moseley

HOME

Gold silver gain on ideas of better future demand from China

Leave a comment

Gold, silver gain on ideas of better future demand from China

Gold and silver prices are higher in midday U.S. trading Tuesday, but down from daily highs as the U.S. dollar index has rebounded from solid early losses. Falling U.S. Treasury yields on this day are supporting the precious metals markets. Some potentially positive news coming out of China is also working in favor of the metals market bulls. December gold was last up $8.00 at $1,648.50 and December silver was up $0.556 at $19.67.

Global stock and commodity markets were buoyed today by upbeat reports coming out of China. China stock markets rallied Tuesday on rumors the Chinese government has a plan to phase out its "zero covid" policies by as soon as March. China stock prices did back off their highs on reports Foreign Minister Zhao Lijian said he is not aware of the matter. China is the world's second-largest economy and if it gets rolling again, such would be significantly bullish on the demand front for commodities, including gold and silver.

Global stock markets were mostly firmer overnight. U.S. stock indexes are lower at midday on profit taking. Stock traders are done with the historically rocky months of September and October, after having a very good October, with near-term price uptrends in place on the daily charts for the indexes.

In other overnight news, Australia's central bank raised one of its main interest rates by 0.25%.

The World Gold Council has reportedly seen substantial, unreported buying of the yellow metal, as central bank bullion purchases hit a record in the third quarter. Reports said 400 metric tons of gold were bought by central banks last quarter, pushing purchases up to their highest since 1967. "Meantime, ETF selling amid soaring U.S. real yields has pushed gold prices lower, while central bankers have been meeting depressed prices with open arms," said broker SP Angel in an email dispatch Tuesday morning. The WGC reports Turkey and Qatar both ramped up purchases, with China and Russia also expected to be partaking, although their purchases are not reported, said the broker.

Gold demand hits pre-pandemic levels, increasing 28% in the third quarter despite dismal investor interest – World Gold Council

Traders are looking ahead to the Federal Reserve's Open Market Committee (FOMC) meeting that begins Tuesday morning and ends Wednesday afternoon with a statement and a press conference from Fed Chairman Jerome Powell. Most expect the FOMC to raise the Fed funds rate by another 0.75%. Traders and investors also want to see what comments the FOMC and Powell make regarding the future path of U.S. monetary policy—specifically, when the Fed will back off the accelerator on aggressively raising interest rates.

The key outside markets today see the U.S. dollar index slightly up. Nymex crude oil prices are higher and trading around $88.25 a barrel. The 10-year U.S. Treasury note is yielding 4.044%.

Technically, the gold futures bears have the solid overall near-term technical advantage. Prices are still in a longer-term downtrend on the daily bar chart. Bulls' next upside price objective is to produce a close above solid resistance at $1,700.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $1,600.00. First resistance is seen at today's high of $1,660.30 and then at $1,670.90. First support is seen at today's low of $1,633.60 and then at the October low of $1,641.20. Wyckoff's Market Rating: 2.5.

December silver futures prices hit a three-week high today. The silver bulls have gained the slight overall near-term technical advantage. Prices are now in a two-month-old uptrend on the daily bar chart. Silver bulls' next upside price objective is closing prices above solid technical resistance at the October high of $21.31. The next downside price objective for the bears is closing prices below solid support at $18.00. First resistance is seen at today's high of $20.04 and then at $20.50. Next support is seen at $19.50 and then at today's low of $19.085. Wyckoff's Market Rating: 5.5.

December N.Y. copper closed up 980 points at 347.30 cents today. Prices closed nearer the session high today. The copper bears still have the overall near-term technical advantage. However, recent price action suggests a market bottom is in place. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at the September high of 369.25 cents. The next downside price objective for the bears is closing prices below solid technical support at the September low of 324.30 cents. First resistance is seen at today's high of 350.15 cents and then at the October high of 359.30 cents. First support is seen at this week's low of 336.15 and then at the October low of 330.30 cents. Wyckoff's Market Rating: 4.0.

By Jim Wyckoff

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

HOME

Wars Asset Stripping and The Real War

Leave a comment

Wars, Asset Stripping and The Real World War

With rumors of World War III and nuclear war abounding in the mainstream news, especially in the wake of the Nord Stream enquiry, this article explores the concept of wars, and looks at how asset stripping suggests that the real war lies elsewhere.  

Most importantly it shares how you can play your part in bringing an end to the wars. It is hard to do justice to this topic in one article so as with all articles of this nature, please use it as a point of reference for your own further investigation and research.

Definitions

When you think of a war what is the first thing that comes to your mind, and how would you define a war? A working definition might be that a war is something that happens between 2 countries or more. The Vietnam War, The Iraq War, and most recently Russia v Ukraine are examples of wars. However in examining the roots of war I would like to suggest another angle from which to view it, which starts within an individual.

If you agree with the natural law of cause and effect, you would appreciate that all wars start as a thought within a person, and that the manifestation is an effect of that cause, as it takes shape and materializes, whether through an individual or a collective group of people buying into the idea.

In simple terms a war is the result of a lack of capacity to resolve conflicts in a peaceable way, such that they get displaced onto people, things and nations, causing harm and loss of life and/or possessions.

Most if not all wars carry the themes of the control of money and possessions in their wake, whether it be in the name of religion or otherwise. You may think that the government funds the wars, but it is ultimately borne by we the people through multiple taxation, and the misappropriation of that money by the government in so doing. Wars can come in many forms and sizes. Here are some examples.

Cold War

A Cold War is defined online as ‘a state of political hostility between countries characterized by threats, propaganda, and other measures short of open warfare.’

Proxy War

According to the online oxford dictionary the definition of a war is one that is ‘instigated by a major power which does not itself become involved’ In other words someone else is doing their bidding knowingly or unknowingly. The Russia Ukraine war has been posited as an example of a proxy war. Take a listen to this exposition by Aaron Mate on the Russell Brand Show.

Guerilla Warfare

This is the description given to a less common war where a small group of people are up against a bigger group. It is usually revolutionary in nature against occupying forces or armies.

It is also highly tactical due to the difference in size of the two opposing factions. In fact Lao Tzu covered such tactics in his book The Art of War. 

 “Appear weak when you are strong, and strong when you are weak.”

The above is one example of how, deception and propaganda are tactics used to defeat the enemy.

War Re-examined

While it may seem that each government involved in war puts up the funding for their country, this idea has been challenged across history, with a different assertion, which carries the tones of the mix of a cold war, a proxy war scenario, and guerilla warfare throughout.

9/11 Revisited

You may be able to recall quite vividly your whereabouts on the day the events of 9/11 hit the news. I know I did. Like many I watched the horror events unfold as they were reported on the news media, along with the swift verdict of a terrorist attack as the conclusion.

Image Source: New York Times

I went along with that at first because by all appearances it seemed that way. It was only as the dust settled on the event that certain disparities became evident that went beyond government incompetence. Some of those disparities included:

  • The premature contamination of a crime scene
  • The quick dismissal of the suggestion that what was witnessed was akin to a controlled demolition
  • The BBC news reporting the collapse of one of the buildings before it actually happened
  • The discovery of relatively untainted passports in the molten ash

Over time more of the American people have concluded that they have been misled by their government. The fast gaining view is that 9/11 was a false flag which saw The Patriot Act come into play, allowing the government to increase surveillance on its people. Some have gone further to suggest that the removal of trillions of dollars and gold was part of the agenda for which a diversion was needed.

Covid – 2019 Revisited

There are some striking parallels between 9/11 and the so-called CoVid outbreak. Imagine you are in a theater watching a production when somebody stands up and shouts ‘fire’. The immediate reaction is that everyone runs for the exit. There is no time for analysis at that point. Benefit of the doubt is given.

Then imagine that you turn around from a distance, and do not see the gathering smoke and flames which usually accompanies an event? Like 9/11 many things did not add up. At first most people ran for cover and did as they were told. When the figure slipped in that this had a 99.9% approximate recovery rate, the wheels that validated this as a pandemic started to come off the proverbial wagon.

That does not sound like the figures which equate to a pandemic, unless you focus on the number of cases, and then amplify those figures by labeling non related deaths as Covid. The implosion gathered pace when the PCR test was stopped in December 2021 on the grounds that it was inaccurate. Even though Chris Whitty [UK] heralded this as no more than the common cold back in March 2020, and Bill Gates recently and belatedly backed that up, the desired effect had gripped much of the population. 

They had been conditioned to believe what the government told them without question. Many complied with the jab recommendations out of trust, and any that questioned or decided otherwise were labelled as conspiracy theorists and potential murderers. 

If we venture beyond the obvious matters of lockdown, marketing of jabs and silencing of those who questioned the narrative, there was the incredible line of inquiry about patents discussed by David Martin. David Martin worked in national intelligence as an analyst studying linguistic genomics and exposed one of the biggest tax fraud operations in America.

His scrutiny of patents and how they relate to certain diseases was an education to say the least, and added more fuel to the fire of the efficacy of the narrative we were sold. Note in the documentary, his comment about coronavirus being deemed to be an easily exploitable mechanism for ‘good and ill’.

The question had been posed. How can you have a patent for a naturally occurring virus such as the novel coronavirus? Either the patent is illegal or the virus is man made.

There’s a saying that in a sea of corruption the truth takes a while to surface, and certainly serious questions are arising as time goes with this. It is notable that a war has broken out between Ukraine and Russia, at a time when declassified documents were evidencing gain of function studies with viruses. 

Image Source: Kanekoa Substack

The list of jab injuries surpasses what has gone before, yet calls to stop the experimentation have gone unheeded. In the past they would have been stopped. This is remarkable given that it is now known that Pfizer blanked many of their documents relating to the experimentation and have also said they did not know before they went to market if their jabs would prevent the virus.

Their argument of course is that they needed to act quickly, which only begs the question as to why they did not at least exhaust the use of ivermectin and hydroxychloroquine as examples of effective and safe medicine against viruses. So why not allow people to make an informed choice, rather than coerce them into taking the jabs or villifying them if they objected and expressed reservation? This is especially relevant given that they have never isolated and identified this ‘novel’ virus, as verified through Freedom of Information Act requests. 

The argument now gathering momentum is that there was an orchestrated attempt to crash the economy, as the nations were already bankrupt, in order to introduce the CBDC, which would undergird the New World Order, and essentially control the populace, a bit like the social credit system in China. The latest UK Prime Minister Rishi Sunak has wasted no time announcing CBDC as the intended direction.

The same question arises here as for 9/11. If we are being misled, why would the powers that be go to such lengths and turn on their own to do this?  Former technical director of NASA Chief Bill Binney offers an inside view and explanation with reference to surveillance as it relates to population control, and totalitarianism.

Another clue that leaves an enduring trail is the assertion that the banking cartel funds both sides of the war. The obvious references are the Rockefellers and Rothschilds. Here is what David Rockefeller said before 1981 when he was Chairman of Chase Manhattan Bank.

“We are on the verge of a global transformation. All we need is the right major crisis and the nation will accept the New World Order.” 

Is it a surprise to learn of John D Rockefeller’s controlling influence in media, money, education, health and politics, and that he was dubbed the founder of the pharmaceutical industry? Is it a wonder that medical error is the third leading cause of death in America with such influence behind the scenes?

So the concept of crisis is a core part of their strategy, and it goes back beyond the era of the Rockefellers, although they seem to turn up in a lot of places. This money masters article traces the history and interface between politics and banking and is well worth a watch to understand the context on which the assertion is made, namely that bankers rule the world and are the true perpetrators of such global events.

If this assertion is true that means most if not all wars are illegitimate if not unlawful. It also means that those funding the wars in this manner create and drive the narrative. What cannot be disputed is that wars reduce populations and leave massive debt, and ultimately it is we the people who pick up the bill indirectly through multiple taxation. Whilst I do not mind paying taxes to build my community and country I do mind paying taxes to fund illegitimate and unlawful wars.

Now in a genuine war you might expect deception and manipulation of information in order to defeat the enemy, as Lao Tzu alludes to in his tactics of war. However, when this strategy is turned against innocent people who fund their government believing that they are using those resources on their behalf to add to the quality of life, this becomes a different matter altogether.

As long as humanity remains ignorant to this the same few will just keep rinsing and repeating their agenda. When they don’t bother to hide their intentions you can glean from this that this is the acid test of whether their planned conditioning of the people through mass media and abuse of their status has succeeded.

"We'll know our disinformation program is complete when everything the American public believes is false."  – William J. Casey, CIA Director (1981).

The Real War

Some have described the real ongoing war as one based on religion or race, and while this may have merit, the concept of asset stripping carries a greater clue and broader scope as to the nature of the real war in play.

Asset Stripping and War

One of the dictionary definitions for asset stripping is as follows:

‘the practice of taking over a company in financial difficulties and selling each of its assets separately at a profit without regard for the company's future.’

Now if you apply that definition to the well known true story of the confiscation of gold from the people in 1933 when America went bankrupt, it seems that the definition was flipped in favor of the ones experiencing ‘financial difficulty’ in the form of bankruptcy. 

They, the government, were able to strip the people of their hard earned money through an executive order, so that they could continue to operate in business. They managed to convince the people that the ownership of gold was hurting the economy, and most bought into it through belief or fear or both. 

The abuse of power led to the selling of a false narrative, which enabled them to profit from the gold they confiscated, while pushing the people into further debt and enslavement. This game of smoke and mirrors has been played for so long, that they do not bother to hide it anymore, leaning instead on the ignorance and conditioning of the people so they can openly pillage them.

Image Source: Thesaurus.Plus

Asset stripping can take many forms. Since 2020, here in the UK certain bills have been passed through parliament by decree, which further restricts privacy and freedom of choice.

The Coronavirus Act 2020 –  this allows you to be medically detained and injected against your will if you are suspected to be infected.

The Telecommunications Leasehold Act 2021 – applies to leasehold properties where access can be gained to install communication transmitters, receivers including 5G masts without needing the permission of the landlord.

Financial Services Act 2021 – allowing funds to be removed automatically from your account.

Data is an inherent theme and of itself another asset being stripped. This got highlighted in the case of Facebook and Cambridge Analytica. Two years ago the UK government under Boris Johnson intimated that they cannot guarantee they would not sell off the NHS and share our health data with external third parties.

Coming up in the UK is the move to remove Human Rights with the abolishment of peaceful protest, as one example. Also unfolding under the guise of climate change are climate lockdowns. In Kent and Oxford you can now be fined for driving outside of your zone for more than 15 minutes.

Over in the Netherlands there is a concerted targeting and shutting down of farmers by the government, in the name of climate change. It is not that there are no issues regarding health and climate, yet much of what we are told through the media relies on the controlling influence, the motive and the agenda of those invoking their powers.

So far it appears that at the very least there is an overreach and disproportionate attention given to these matters which are not advancing humanity in general, but are stealing from them in a dystopian fashion.

Is it possible therefore, that 9/11, Covid 19, Ukraine v Russia, are examples of  distractions or trojan horses to the agenda of a new world order, using false narratives to bring in surveillance technologies such as vaccine passports and control via climate agenda restrictions. 

It seems that way, in which case the objective is human enslavement and the reduction of the world’s population. Apart from Bill Gates's open admission of a depopulation agenda, the biggest indicator yet that this is true is the censorship on anyone who questions the established narrative. If you fit that profile as someone with a free thinking mind who welcomes debate and discussion, you are now an enemy of that state, where the real war is the globalists versus we the people.

Under the guise of proxy wars, guerilla wars and cold wars, our freedom of speech, health, travel and general liberty is being eroded in a tactical masterclass, with the latest lockdown taking the form of climate agenda restrictions. 

The weapons may be different, whether it be propaganda, mind control, biowarfare or lately, direct energy weapons to fuel the climate agenda. The studies of fires in California lend weight to the use of direct energy weapons to convey a climate emergency. 

The nature of the war may seem unconventional and insidious, but it is very real. What will they resort to next? Will they use holographic technology as expanded in Project Bluebeam, to simulate an alien invasion so they can secure central power and a new world order?

We are being weaponized to kill in the name of war, to be carriers of propaganda in the latest global event, or injected with DNA altering substances which renders unsuspecting individuals as potential candidates for the next patent where they are literally owned by the government.

All of these things take place because of the unwitting acceptance of the government's propaganda through our misplaced trust in them. This behavior suggests that the real enemy of the state as seen through the eyes of the government are we the people. By the same token it means the real enemy from our perspective are the puppet masters of the corrupt officials in government worldwide. 

The prevalent actors and puppet masters appear to be The Banking Cartels with their supporting cast such as The Vatican, The Committee of 300, The Illuminati, and so on.

Cessation of War

Lao Tzu also leaves clues as to how to end war – by knowing self and the enemy

“The supreme art of war is to subdue the enemy without fighting.” “If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.” 

Since all change starts within we must remain conscious and particularly  become conscious of the war within when we are not able to resolve inner conflicts. We must know ourselves in that respect.

We need to find peaceful ways of resolving these conflicts through forgiveness, compassion, responsible thinking and resolve, so they do not become projected into society on a bigger scale. As within so without, according to the natural law of cause and effect.

Secondly, we must also know the enemy from without, and recognize the real war going on in the external world. We need to journey from being brainwashed to cleaning our minds from the pollution and propaganda that is designed to reduce our lifespan or enslave us, and awaken to understand the game that is being played out with a disdain for humanity as a whole.

Does the greater populace of a country really want a war, or is it down to a few who are perpetrating wars with hidden agendas? Do we want the control of transhumanism where we are patented through abusive use of artificial intelligence, and programmable CBDCs that can switch our money off. Do we want to be told what we can think, where we can go and how we can live our daily lives, like puppets on a string?

Are we willing to go beyond the labels of calling people sheep or conspiracy theorists to simply seek the truth that will enable all to be and live freely, because the truth is what is at stake, and therefore true freedom?

Thirdly we must be practical and create structures that enable humanity to go beyond survival, and share abundance, so all may thrive. Whether this be in technology, money, organic farms or otherwise, it is important to create a better world for all to experience so they can step into something new and shed the old. 

When these alternate societies become prominent the old controlling powers that feed off the life force of the people can be extinguished. In its place, true power can return to the people where they become stewards and facilitators of abundance in all its forms.

 

 

About: Anita Narayan. (United Kingdom) My life's work is about helping individuals to greater freedom through joy and purpose without self-sabotage, so that inspirational legacy can serve generations to come. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.

 

 

 

 

 

 

Tim Moseley

HOME

Gold – Caution still warranted

Leave a comment

Gold – Caution still warranted

The bear market rally currently transpiring in stocks has momentum on its side, with the upper range target at the cross-section between the upper resistance line and the 50-week moving average as the standing target. The below chart is an update of the S&P futures chart on a weekly basis; note the stochastic RSI looks like it wants to reach all the way to overbought as well.

Although Thursday’s action in gold looked constructive for a close over $1650 into the end of week, the opposite occurred when sellers knocked gold down $20 on the spot. The below weekly chart shows the importance of the $1650-85 range (highlighted in yellow). Gold bulls really want to see prices bottom out and make a run that can hold up. If the yellow highlighted area becomes firm as resistance after having served as support over the past two years, bulls will be in for a lower-priced opportunity as the door to $1,535 opens up.

Traders in metals derivatives might strongly consider taking out some downside insurance in this environment.

By Jonathan Da Silva

Contributing to kitco.com

Time to buy Gold and Silver on the dips

Tim Moseley

HOME

Price pressure on gold silver as USDX bond yields rebound Gold and silver prices are moderately down in early US trading Friday once again falling victim to a higher US dollar index and rising US Treasury yields to end the trading week December

Leave a comment

Price pressure on gold, silver as USDX, bond yields rebound

Gold and silver prices are moderately down in early U.S. trading Friday, once again falling victim to a higher U.S. dollar index and rising U.S. Treasury yields to end the trading week. December gold was last down $10.90 at $1,654.60 and December silver was down $0.199 at $19.29.

The geopolitical front is far from calm at present. However, there have been no major, new developments to shake up the marketplace. Thus, precious metals traders have recently been focusing mainly on the key outside markets for daily price direction. Next week’s Federal Reserve FOMC meeting will give traders and investors some fresh, major fundamental news to digest.

Global stock markets were mixed overnight. U.S. stock indexes are headed for weaker openings when the New York day session begins. The stock index bulls have been rattled late this week amid downbeat earnings reports from the technology sector, including Meta, whose stock price lost around one-fourth of its value Thursday.

The key outside markets today see the U.S. dollar index higher. Nymex crude oil prices are weaker and trading around $88.25 a barrel. The 10-year U.S. Treasury note is yielding 4.004%.

U.S. economic data due for release Friday includes personal income and outlays, the employment cost index, pending home sales and the University of Michigan consumer sentiment survey.

Technically, the gold futures bears have the firm overall near-term technical advantage. However, more upside price action in the near term would form a bullish double-bottom reversal pattern that would suggest a major market bottom is in place. Bulls’ next upside price objective is to produce a close above solid resistance at $1,700.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $1,600.00. First resistance is seen at the overnight high of $1,670.90 and then at this week’s high of $1,679.40. First support is seen at the overnight low of $1,649.50 and then at this week’s low of $1,641.20. Wyckoff's Market Rating: 2.5

The silver bears have the overall near-term technical advantage. However, recent price action suggests a market bottom is in place. Silver bulls' next upside price objective is closing prices above solid technical resistance at the October high of $21.31. The next downside price objective for the bears is closing prices below solid support at the September low of $17.40. First resistance is seen at the overnight high of $19.62 and then at this week’s high of $19.765. Next support is seen at today’s low of $19.105 and then at $19.00. Wyckoff's Market Rating: 3.0.

By Jim Wyckoff

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

HOME

Marketing Automation Tool Automation Made Simple

Leave a comment

Marketing Automation Tool Automation Made Simple

marketing

Introduction

Marketing Automation is one of the most important parts of a successful business. It allows you to automate repetitive tasks and free up more time for other things, such as actually doing your job. Sendlane's Marketing Automation tool makes it easy to set up automations, so you can spend less time on boring stuff like sending out bulk emails and more time doing things that matter.

ecosystem for entrepreneurs

Marketing Automation

Marketing automation is the process of setting up automated marketing processes that can be executed by your team and/or email marketing service provider. The goal of marketing automation is to increase revenue by delivering personalized content and offers to your customers. Here are some common ways marketers use marketing automation:

  • Dynamic content blocks: Automatically update relevant product or service information in order to provide a better customer experience, such as when visitors look at specific blog post, purchase one of your products or make an inquiry into buying it.

  • Lead scoring: Identify which leads have the highest value based on their behaviors (such as visiting your site multiple times). Then assign each lead a score from 1-10 (or other number) based on their behavior, so you know which leads need the most attention from salespeople who are trying to close deals with them.

Automation Made Simple

Marketing automation is a tool that you can use to automate your marketing efforts. It enables you to set up automated processes, so your email campaigns and other communications are sent out without you having to do anything manually.

Although it might sound like a very complicated system, marketing automation is actually quite simple when you break it down into its individual components.

Get more done and have more fun with Sendlane's Marketing Automation tools. Start Emailing!

Our Marketing Automation tools make it easy to grow your business, get more done and have more fun.

If you’re new to marketing automation, or haven't used a tool before, this is the place to start. Sendlane's Marketing Automation tools are easy-to-use, flexible and affordable. Plus our software has powerful features that help you drive traffic and conversions on autopilot!

Automated Workflows

When you're planning your marketing automation strategy, it's important to define the problem before starting on a solution. The problem could be as simple as "I want to send more emails" or "I want to get more people reading my blog."

If you start by making assumptions about the solutions (i.e., I'll do this and that will work), then you'll likely miss out on how people will react when they see your emails or blog posts. You'd be surprised at how often marketers assume their audience wants something because they think they want it themselves! Instead, start by defining the problems at hand so that customers' needs are front-and-center in your mind throughout this process.

Once we've identified our problems, we can go after solutions that solve them–but only if we've set goals for ourselves beforehand! Without goals, it's impossible to measure how much progress we're making toward achieving them; without measuring progress against specific objectives, there's no way for us know whether our solution is working or not–and without having clearly defined objectives up front (which should include what success looks like), then again there's no way for us even begin thinking about solutions until after we know what those objectives actually are–so setting clear goals is key here!

Create a series of actions that are triggered by custom events, like when a subscriber receives an email campaign or clicks a link.

You can also create a series of actions that are triggered by custom events, like when a subscriber receives an email campaign or clicks a link. These automations will run in the background and help you send automated messages and nurture your subscribers until they're ready to buy.

Dynamic Content Blocks

Dynamic content blocks are the sections of your email that can be changed based on the action a subscriber takes. This can be as simple as changing the color of a button (like on our homepage) or more complex, like swapping out text and images inside an email based on data you’ve collected about your subscribers.

Dynamic content blocks allow marketers to create more personalized experiences for their subscribers by creating a more dynamic experience for each recipient. These new and exciting capabilities give marketers unprecedented power over their emails, allowing them to build more engaging campaigns that go beyond simple segmentation strategies like lists and automation rules.

Organize your contacts into lists based on what they've clicked or where they're located and show them dynamic content in your email campaigns.

The next step is to organize your contacts into lists based on what they've clicked or where they're located. You can use dynamic content blocks to show different content for each segment. For example, if you have a list of contacts that are interested in one product and another list that's interested in another product, you can create two different campaigns with the same email template but two different offers (one for each product). Dynamic content blocks will make it easy to add images, videos and other media into your email so that it looks more personalized and will be more likely to get opened than an email with bland text only.

There are many possibilities when using this feature! Here are some examples:

  • Show different landing pages based on the location of a visitor's IP address

  • Show different offers for people who have downloaded certain files from your website

  • Send welcome emails that include personalized information about their experience interacting with previous emails from you

Lead Scoring & Attribution

Lead scoring is a method of prioritizing leads based on how likely they are to convert. Lead scoring is often used in conjunction with marketing automation tools, which allow you to assign different values to different actions taken by your prospects. For example, if someone fills out a contact form but doesn’t purchase anything right away, their lead score could be lower than someone who signs up for an account and makes an immediate purchase because they have already proven themselves more interested in buying from you than the first person.

Lead scoring also helps segment your leads into groups based on their likelihood of converting and can be used to target specific groups with specific messages. For example, if you have two types of products—one that sells on its own and another that requires additional support—you may want to send different messages about those products based on lead scores: low-scoring leads will get information about the self-service product while high-scoring leads get more detailed information about both products.

Segment and prioritize your list based on how engaged your subscribers are and how recently they interact with your emails.

This is a great way to prioritize leads and segment them based on how engaged they are. For example, if you're sending a targeted email campaign, you can segment your list into two groups: those who've opened an email from you in the last week and those who haven't. This allows you to send only relevant information to each group.

It's also important when scoring leads because it helps personalize your emails for each subscriber. For example, if someone hasn't opened any of your emails recently but has interacted with other brands or businesses online, then he or she might be interested in something new from you!

This method can also help build trust between subscribers and marketers—if someone receives an email with valuable content for free then there will likely be an increase in engagement over time (i.e., more opens/clicks) simply because that person already knows what type of content he or she likes from brands like yours!

Give yourself more time to work and relax by using Sendlane's Marketing Automation tools to automate some of the routine tasks you face everyday.

Sendlane’s marketing automation tools are easy to use and can help you save time, so that you can focus on your business. Use the tools to automate routine tasks and get more done.

You can create a series of actions that are triggered by custom events such as a new subscriber or purchase, for example. This means you don’t have to manually create an email campaign every time a new customer signs up or buys from your store—your marketing automation tool will do it for you!

Conclusion

Marketing Automation is a great way to save time and get more done. It can also help you get closer to the goals you want for your business by giving you more control over how your subscribers interact with your emails.

Tim Moseley

HOME

Gold market sees muddle sentiment but price needs to hold above 1620 next week

Leave a comment

Gold market sees muddle sentiment, but price needs to hold above $1,620 next week

Once again, gold is poised on a knife's edge as the prices end the week below $1,650 an ounce, and muddled market sentiment is unlikely to provide any clear direction for the precious metal next week.

Latest Kitco News Gold Survey shows that bullish analysts and retail investors have a slight advantage; however, there is no dominant conviction in the marketplace.

According to some analysts, many investors continue to sit on the sidelines, waiting for a clear indication that the Federal Reserve will slow the pace of its aggressive rate hikes by the end of the year. According to analysts, the Federal Reserve's monetary policy meeting on Nov. 2 will be the driving force behind gold prices next week.

For most of the summer, investors have been continuously burned after chasing rumors that the Federal Reserve was close to pivoting. Sean Lusk, co-director of commercial hedging at Walsh Trading, said that he expects current market expectations to fade, similar to other market rumors. Lusk said he is expecting to see lower gold prices next week.

"Until we get clarity from the Federal Reserve, gold rallies will continue to be sold," he said. "I don't think we will get much clarity from the Fed next week. There is a cost to all money printing we have seen over the last two years, and we should expect to feel the cost longer than most expect."

Lusk added that he will be watching the $1,620 area closely. A break below would trigger a very bearish signal.

Kitco's weekly gold survey results revealed that Wall Street has a slightly bullish tilt on gold prices next week. Out of 17 analysts participating in the survey, seven analysts, or 41%, expect prices to rise next week. Meanwhile, six analysts, or 35%, were bearish in the near term and four analysts, or 24%, were neutral on gold.

Sentiment on Main Street was relatively similar. This week 473 respondents took part in online polls. A total of 200 voters, or 43%, called for gold to rise. Another 169, or 37%, predicted gold would fall. The remaining 94 voters, or 20%, called for a sideways market.

Phillip Streible, chief market strategist at Blue Line futures, said that he remains neutral on gold in the near term as the Federal Reserve's rate hikes will continue to weigh on the precious metal.

"There is nothing stopping gold from going below $1,600 an ounce in the near term, and that's not a bold statement," he said. "However, if gold does drop, I would be looking to buy small positions. I would be looking to buy silver if the price dropped below $18 an ounce.

World Bank sees gold prices falling another 4% in 2023

For most bullish analysts, the growing expectations that the Fed will slow its rate hikes starting in December will support prices in a volatile environment.

"Technically, it looks like gold is slowly turning the corner. Gold appears likely to be volatile around next Wednesday's Fed decision which could potentially impact the trend in the US Dollar depending on whether the Fed is more hawkish or more dovish than expected and relative to other central banks," said Colin Cieszynski, chief market strategist at SIA Wealth Management.

Darin Newsom, president of Darin Newsom Analysis, is also expecting some volatility next week. However, he added that as long as gold can hold above its recent lows around $1,620 an ounce, then it will remain in an intermediate-term uptr

By Neils Christensen

For Kitco News

Time to buy Gold and Silver on the dips

 

Tim Moseley

HOME

Gold prices testing support around 1650 as US PCE rises 06 in September in line with expectations

Leave a comment

Gold prices testing support around $1,650 as U.S. PCE rises 0.6% in September, in line with expectations

Nhe gold market is testing critical support around $1,650 an ounce as U.S. inflation pressure rise in line with expectations.

Friday, the U.S. Department of Commerce said its core Personal Consumption Expenditures price index increased 0.5% last month, up from August's increase of 0.6%. The data was in line with expectations.

For the year, core inflation rose 5.1%, up from August's annual increase of 4.9%. Inflation was a tick lower as economists were expecting to see a 5.2% increase.

The data is adding some selling pressure to gold as it was already testing critical support levels. December gold futures last traded at $1,653.70 an ounce, down 0.71% on the day.

According to some economists, although inflation is not heating up more than expected, it is still persistently high and will force the Fed to aggressively raise interest rates. The CME FedWatch Tool shows markets see an 84% chance of a 75-basis point hike next week. Expectations are roughly 50/50 regarding a 50 or 75-basis-point move in December.

"Inflation costs remain high. There is still work to be done and the data, although steady month-on-month/quarter on quarter, is still elevated well above what the Fed would like it to be," said Greg Michalowski, currency analyst at Forexlive.com.

The report also noted that personal income also rose in line with expectations, increasing 0.4% in September, compared to August's 0.3% rise.

 

Although income isn't growing, consumers continue to spend, with personal spending increasing 0.6%, beating expectations. According to consensus forecasts, economists were looking for a 0.4% rise.

By Neils Christensen

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

The Artist that came out of the Winter