Gold Price News: Gold Falls Sharply Below $2,300 as US Data Points to Inflation
Market Analysis
Gold prices saw a sharp sell-off on Tuesday, pushing prices to their lowest level for a week, as economic figures pointed to high inflation, indicating lower chances of interest rate cuts any time soon.
It was one-way traffic on Tuesday with prices consistently moving lower through the day, falling as low as $2,294 an ounce. That compared with around $2,335 an ounce in late deals on Monday – a loss of roughly $40 in a single day. The sharp slide has taken prices back to levels last seen on April 23.
KAU/USD 1-hourly Kinesis Exchange
Euro Area GDP figures for Q1 came out on Tuesday showing stronger than expected growth, both on a quarter-on-quarter and year-on-year basis. Compounding this, the US employment cost index for Q1 released later in the day also came in above forecasts. Taken together, the latest figures indicate relatively high inflation, and this strengthens the argument for central banks maintaining interest rates at current levels.
The markets have been dialling back bets on the US Fed’s expected start of interest rate cuts taking place as soon as June. The latest figures from interest rate traders shows that bets are roughly 50-50 on a continuation of existing rates in September or a cut. A slightly stronger majority favour the first cut in November. The US Fed’s FOMC is set to meet May 1, followed by subsequent meetings in June, July and September.
Eventual interest rate cuts are seen as supportive for gold prices because they reduce the opportunity cost of holding non-yield-bearing assets like gold and silver.
Looking at a one-month gold price chart, Tuesday’s drop could prove significant if trend line support fails to hold at around $2,300 an ounce, which was the recent low seen on April 23.
Looking ahead, the markets will be watching out for Wednesday’s US ISM manufacturing PMI figures for April and JOLTs job openings numbers for March, as well as keeping an eye out for any signals from the US Fed’s meeting and subsequent press conference.
Have you ever wondered about the power that lies within the natural world around us, the same world we often take for granted? What if I told you that some of the most potent remedies for your health may not come from a pill bottle, but from nature itself? Welcome to a journey of discovery where we explore the transformative potential of natural remedies. A journey that begins with something as simple and comforting as a cup of herbal tea. From the calming effects of chamomile to the invigorating kick of ginger, these natural brews have long been known to soothe the body and mind, providing relief from stress, aiding digestion and boosting the immune system.
Then there are the aromatic wonders of essential oils. These potent extracts from plants, flowers and herbs can be inhaled, applied topically, or even ingested for various health benefits. Think of the calming scent of lavender, the invigorating aroma of peppermint, or the respiratory support provided by eucalyptus. And who can forget the age-old wisdom of traditional medicine systems? From Chinese herbs to Ayurvedic concoctions, these remedies have been revered for centuries for their ability to heal and restore balance within the body.
The Power of Nature's Bounty
But the power of nature doesn't stop there. The foods we eat – fresh fruits, vegetables, nuts, and seeds – provide essential vitamins, minerals, and antioxidants that support our overall health and well-being. A diet rich in whole, unprocessed foods can:
And what about the mind and spirit? Practices like yoga, meditation, and spending time in nature can reduce stress, improve mental clarity, and foster a deeper connection with the world around us. Even self-care can be a natural affair. Herbal baths, homemade skincare, and natural massage oils – these simple pleasures can rejuvenate both body and soul and bring a touch of luxury to everyday life.
"Nature itself is the best physician." – Hippocrates
Embracing the Wisdom of Traditional Medicine
Traditional medicine systems, such as Traditional Chinese Medicine (TCM) and Ayurveda, have been around for thousands of years. These ancient practices view health and wellness through a holistic lens, considering the interconnectedness of the body, mind, and spirit.
Traditional Chinese Medicine
TCM focuses on restoring balance and harmony within the body using a variety of techniques, including:
Herbal medicine
Acupuncture
Cupping therapy
Qigong
Dietary therapy
Ayurveda
Ayurveda, the traditional medicine system of India, emphasizes the importance of maintaining balance between the three doshas – vata, pitta, and kapha. This balance is achieved through:
Herbal remedies
Massage therapy
Yoga and meditation
Dietary guidelines based on individual constitution
By incorporating the wisdom of these traditional medicine systems into our modern lives, we can tap into the healing power of nature and promote optimal health and well-being.
The Importance of Self-Care
In our fast-paced, stress-filled lives, self-care has become more important than ever. Fortunately, nature provides us with an abundance of tools and resources to help us relax, recharge, and rejuvenate. Some simple, natural self-care practices include:
Taking a warm bath infused with healing herbs like lavender, chamomile, or epsom salts
Creating homemade skincare products using natural ingredients like coconut oil, shea butter, and essential oils
Giving yourself a relaxing massage with natural oils like jojoba, almond, or grapeseed oil
Practicing mindfulness and meditation in nature, surrounded by the soothing sights, sounds, and scents of the outdoors
By incorporating these self-care practices into our daily routines, we can reduce stress, improve our mental and emotional well-being, and cultivate a deeper sense of connection with ourselves and the world around us.
Unlocking the Secrets of Nature
To summarize, the journey to optimal health doesn't always require a prescription. Sometimes all it takes is turning to the natural world with its abundance of healing herbs, nourishing foods, and restorative practices. By embracing the power of herbal teas, essential oils, whole foods, traditional medicine systems, and natural self-care practices, we can unlock the secrets of nature and discover a healthier, happier version of ourselves.
So why not embark on your own journey of discovery? Explore the transformative potential of natural remedies, and experience firsthand the incredible healing power that lies within the natural world. Because sometimes the best remedies are not those created in a lab, but those crafted by Mother Nature herself.
Gold Futures Tumble Below $2,300 as Traders Brace for Fed's Hawkish Pivot
Gold Futures Tumble Below $2,300 as Traders Brace for Fed's Hawkish Pivot teaser image
Gold futures prices plummeted on Tuesday, dipping below the crucial $2,300 per ounce level, as traders braced for a potential hawkish shift from the Federal Reserve in its upcoming policy decision. The precious metal, often viewed as a hedge against inflation, came under intense selling pressure amid concerns that the central bank could strike a more aggressive tone on future rate hikes.
As of 5:15 PM EDT, gold futures for the most active June contract traded $60.50 lower, or 2.57% down, settling at $2,297.20 per ounce. The sharp decline in prices reflects genuine apprehension among market participants that the Federal Open Market Committee (FOMC) meeting might conclude with a notable change in language regarding inflation and monetary policy.
Traders widely anticipate that Federal Reserve Chairman Jerome Powell will deliver a much more hawkish press conference, potentially signaling a slower pace of rate cuts or even a pause in the central bank's easing cycle. This sentiment gained traction after Powell recently acknowledged that current levels of inflation would require more time to achieve the 2% target, stating, "Inflation has eased over the past year but remains elevated."
Market observers expect Powell to highlight the recent strong economic indicators, including the core Personal Consumption Expenditures (PCE) index for March and the robust Gross Domestic Product (GDP) numbers. These data points could prompt the Federal Reserve to adopt a more cautious approach toward upcoming rate cuts, diverging from earlier expectations of more aggressive easing.
The latest inflation data revealed that the headline Consumer Price Index (CPI) rose 3.5% year-over-year in March, while the core rate of inflation, excluding energy and food costs, advanced to 3.8% annually. This development could significantly alter the Federal Reserve's stance on the number and timing of rate cuts this year. Initially, the Fed had projected three quarter-point rate cuts through a series of moves, but market participants now anticipate only one or two smaller cuts, potentially occurring later in the year.
According to financial experts, the FOMC's potential shift in language regarding inflation and monetary easing bears significant implications for the markets. An acknowledgment of sustained high inflation rates could dampen hopes for imminent rate cuts, altering investment landscapes and risk assessments. If the FOMC opts to reduce the cap on Treasury balance sheet run-off, this could be interpreted as a cautious step towards tightening, albeit less aggressively than an outright rate hike.
The prospect of a more hawkish Federal Reserve, combined with the prevailing dollar strength, has exerted downward pressure on gold prices, driving futures below the critical $2,300 per ounce level. As traders await the FOMC's decision, the precious metal's trajectory will likely hinge on the central bank's assessment of inflation risks and its subsequent policy adjustments.
Blugenics and Markethive Are Shaping the Future of Health with Gaditana Original Phytoplankton
The Genesis of Blugenics and the Historical and Ecological Significance of Phytoplankton
Blugenics: Pioneering the Power of Phytoplankton
In today's health-conscious society, the pursuit of wellness has led to a surge of interest in nutritional supplements. Essential foundational nutrition is missing from many modern diets, where foods lack nutrients from depleted, fertilizer-dependent soils. Forever chemicals in manufactured foods, daily stress, and other factors impair digestion, and the flora that make up the microbiome in the human gut exacerbate this situation.
Blugenics has revolutionized the field of nutrition with its innovative approach and expertise. The unique power of Gaditana Original phytoplankton is delivering life-altering results that have sparked a new era of excitement and well-being in the lives of its consumers. Blugenics is committed to providing the highest standards of quality and purity, instilling a sense of hope and optimism in an ailing population.
Today, we delve into the history of Blugenics and the ocean’s superfood, phytoplankton. The breakthroughs emerging from phytoplankton and algae are among the most promising advancements in human and pet health. Blugenics is leading the way in this exciting new frontier, harnessing marine phytoplankton's potential as a nutritional powerhouse, enlightening and informing health-conscious individuals of its significance in shaping the future of health and wellness.
About Blugenics
David Hunter, the founder and president of Blugenics, was introduced to phytoplankton in British Columbia, where Tom Harper, who used about 200 strains, did the original work. In July 2005, David discovered the remarkable health benefits of Marine Phytoplankton, initially intended as shellfish nourishment. He was inspired to share this discovery widely by witnessing both a coworker's and his own dramatic health improvements, including the end of chronic migraines and allergies.
David further investigated this pure source of nutrition, stating, “We needed a consistent product—like a strain of tomatoes.” Blugenics settled on Nannochloropsis Gaditana Lubian, a holistic subspecies that Professor Carlos Lubian identified in 1997 off the coast of Spain.
As David reported, “This native strain of phytoplankton is an ancient original heirloom seed plant. It grows so fast in three months; it’s thick like vibrant green ketchup. Each tiny plant looks like a green globe. It swims and has an intelligence. It is dead but alive.”
This unique description of Gaditana Original phytoplankton sets it apart from other nutritional supplements, making it a compelling choice for health-conscious individuals.
The phytoplankton are monitored for safety and lack of contamination, as it becomes a freeze-dried extract with only 2% moisture. “It is like a pancake, which we break and then put into a grinder to create the powder.”
Gaditana, a select strain of Phytoplankton, held great promise, but its path to commercialization needed to be more explicit, primarily due to regulatory roadblocks. Overcoming these challenges required six years of unwavering commitment and investment before the product could finally be brought to market.
The initial breakthrough came when a pharmacist, who was initially skeptical, was won over by the product's effectiveness in alleviating his acid reflux without the need for medication. This personal experience convinced him to stock the product across all his stores, marking the beginning of the product's widespread acceptance and growth. The next step was introducing this natural health supplement to a larger audience, including people and their pets, hoping to benefit thousands of lives.
David Hunter emphasizes, “The future of the planet is bright.” He explains, “We are futuristic farmers growing vitamins, protein, antioxidants, and oxygen. Our product goes from sea to stomach; we grow the product with minimal impact on the ecosystem. We are a phytoplankton company, not a supplement company.”
David is initially expanding Gaditana Original's reach in the United States, Australia, Mexico, and the Bahamas by leveraging network marketing and personal recommendations. He has teamed up with industry experts Eric Swaim and Paul Redmayne to establish Blugenics; a company focused on cultivating this grassroots approach. The strategic partnership with Markethive further strengthens our marketing and customer acquisition efforts, ensuring a wider reach and a more significant impact.
Blugenics Growing Facility
Gaditana Original phytoplankton is cultivated in a cutting-edge facility, the only one globally endorsed under the stringent global food safety standards HACCP and ISO 22,000. Blugenics has obtained authorization from Novel Food for Marine Microalgae in Europe and a Generally Recognized as Safe (GRAS) rating in the United States and Canada. This endorsement ensures the product is free from toxins and entirely safe for consumption, providing you with absolute peace of mind.
Marine culture commences with safeguarded heirloom seeds cultivated in micro-filtered ocean water in enclosed tubes to ensure zero contamination. Blugenics takes in pristine ocean water off the coast of Spain, adds phytoplankton, and moves it through a thin tube in a temperature-controlled tank just 150 meters from the ocean. Later, the pure ocean water, now with phytoplankton added, is returned to the sea.
The facility has a million-dollar, 24/7 computerized safety monitoring system, backup daily manual checks, and a proprietary technique to maximize nutritional output. Blugenics is the exclusive grower of Gaditiana Original and boasts an in-house laboratory.
Blugenics is taking a proactive stance in preserving the health of our planet by ensuring that its operations do not harm the environment. This mindset is crucial for mitigating the negative impact on the Earth, home to a diverse range of species, including tiny phytoplankton, millions of animals and plants, and humankind. By adopting these practices, Blugenics sets a precedent for other companies to follow and contributes to a healthier future for us and our planet. This commitment to sustainability resonates with eco-conscious readers, making Blugenics a brand they can trust.
What Are Marine Phytoplankton?
The sea's vast marine life has been a source of sustenance, excitement, and inspiration for humans for centuries. However, the existence of these creatures relies heavily on tiny, single-celled organisms known as phytoplankton that drift in immense numbers in every drop of water in the ocean's upper 100 meters. These microorganisms are the foundation of the marine food chain and play a vital role in sustaining life in the sea.
Phytoplankton, the foundation of life on Earth, has a rich history spanning over 3 billion years. These microorganisms are responsible for creating the planet's atmosphere and supporting the growth of life. The term "phytoplankton" is derived from the Greek words "phyto" (plant) and "planktos" (wandering). Phytoplankton are not just tiny ocean plants but single-celled aquatic organisms that use sunlight to generate energy through photosynthesis, much like trees and other terrestrial plants.
Although phytoplankton is a small fraction of Earth's plant life, they play a vital role in aquatic ecosystems, supporting food chains in marine and freshwater environments. These tiny organisms are remarkably productive, producing half of the world's oxygen and contributing to 50% of global photosynthesis.
Their fossilized remains, deeply buried and compressed by the earth's geological processes, transform oil, a rich, carbon-based liquid that powers our vehicles. Moreover, studies indicate that they significantly contribute to the carbon dioxide cycle between the atmosphere and biosphere, thereby regulating Earth's climate.
Global distribution of ocean phytoplankton – NASA
Opacity indicates the concentration of the carbon biomass. In particular, the role of the swirls and filaments (mesoscale features) appears important in maintaining high biodiversity in the ocean.
The Power Of Gaditana Original
Gaditana Original phytoplankton is a specific Atlantic Ocean Marine Phytoplankton and a nutritional powerhouse. It is rich in diverse essential nutrients, including omega fatty acids, vitamins A, C, D, and K, beta carotene, antioxidants, calcium, magnesium, selenium, iron, protein, and dietary fiber that supports healthy digestion. This microalgae contains all the necessary nutrients required to create and maintain cells, making it an optimal food source for those looking to boost their overall health and well-being.
Marine phytoplankton also offers a wealth of essential nutrients our cells require for optimal metabolic function. Its bioavailability is exceptionally high, with a 100% absorption rate. The cell wall is rapidly digested, allowing its nutrient-rich content to be quickly assimilated into the body. Furthermore, it bypasses the liver and enters the bloodstream directly, making it readily available for the body to utilize promptly.
Marine phytoplankton is rich in chlorophyll and various plant pigments, known as phytochemicals, which work together harmoniously as antioxidants. These antioxidants are accompanied by other nutrients, including astaxanthin, canthaxanthin, and zeaxanthin, as well as a diverse array of carotenoids.
Marine phytoplankton's appeal lies in its dual nature as a nutritious food and a natural energy source, not as a supplement or medication. It provides an instant energy boost, boasting 400 times the energy of any known plant. Its exceptional nutritional density makes it suitable for people and pets.
What sets Gaditana Original apart from the other phytoplankton you may find online?
Gaditana Original stands out from other phytoplankton options thanks to its unique origins and commitment to excellence. David Hunter, a key figure in the discovery of phytoplankton, has played an instrumental role in ensuring that the product meets the highest standards of quality and effectiveness.
He has previously created a few products for the conventional market, such as Ocean’s Alive, Karen, and Sunfood. However, he was persuaded to offer the product in tablet form for convenience. Unfortunately, he discovered that the product's effectiveness was compromised due to the addition of artificial binders and fillers during the tablet-making process, rendering it less effective. As a result, Blugenics Gaditana Original is now only available in its purest powder form.
Some phytoplankton products on the market are considered imitations or knockoffs. You can identify them by their low price. These products lack transparency, with no images of their production facilities, customer support contact information, or marketing slogans. Additionally, there is no online presence, including customer testimonials, authentic documentation, or a traceable history.
These knockoffs are cultivated in artificial seawater, and when examined under a microscope, the phytoplankton appears damaged or abused. As a result, they are unlikely to produce the desired effects.
The Gaditana Original is a one-source ingredient untouched by artificial formulations. It’s not a man-made formulation. It is considered the closest thing to the natural source of nutrition available in the market, and it is believed to contain an undiscovered peptide (protein) that re-ignites the immune system. Considering that many health issues stem from malnourishment, it logically follows that pure nourishment, such as the Gaditana Original, can counteract the adverse effects.
Customer Centricity At Its Finest
Blugenics and Gaditana Original prioritize customer satisfaction by adopting a "Product First" strategy, striving to positively impact the lives of millions through innovative health and wellness technology. You can trust in the expertise of David Hunter, the visionary behind this initiative.
Additionally, Blugenics has partnered with Markethive, a top-notch marketing arm, to showcase the products through their storefront and co-op for Gaditana Original, creating a solid foundation for success. This collaboration ensures that everyone involved can thrive.
Phytoplankton was deliberately selected and tailored to serve as the fundamental nutrient source, forming the basis of all nutrition. Its position is unassailable, and, ironically, the nutrition industry has overlooked it, given that it's the master nutrient. It's only logical that phytoplankton, as the primary source, would possess greater potency than any other supplement.
We believe everyone should try Gaditiana Original just once. By experiencing phytoplankton's incredible potential and spreading awareness of its transformative effects, you join a revolutionary movement promoting well-being and vitality. We are committed to positively impacting people's lives, their pets' lives, and the environment, and we strive to achieve this in a measurable and meaningful way.
An 8-year market test in Canada has proven unequivocally that Gaditana Original Phytoplankton, if taken by the masses, will ignite one of the most significant wealth transfers in history by giving people the foundational tool of pure nutrition to control their quality of life, along with the marketing and customer acquisition tools of Markethive, the all-encompassing social market broadcasting network, to bring financial stability enhancing your livelihood.
By joining the Blugenics Customer Acquisition storefront within Markethive, you'll collaborate with a talented team, utilize a wide range of resources and support, and experience the well-being and benefits of Gaditana Original, the planet's original source of nutrition.
See you there!
Editor and Chief Markethive: Deb Williams. (Australia) I thrive on progress and champion freedom of speech. I embrace "Change" with a passion, and my purpose in life is to enlighten people to accept and move forward with enthusiasm. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.
Gold Prices Subdued as Investors Await FOMC Meeting
As of 5:30 PM EDT, gold futures based on the most active June 2024 contract are down $2.10, or -0.09%, settling at $2347.50. Today's decline would have been more significant if not for the dollar's weakness. The dollar is currently down -0.26%, taking the dollar index to 105.525. A neutral dollar would have resulted in gold losing more ground, as gold is directly paired against the dollar for value.
The Federal Reserve will commence its two-day Federal Open Market Committee (FOMC) meeting on Tuesday, concluding on Wednesday. It is widely anticipated that the Federal Reserve will leave its benchmark interest rate (fed funds rate) unchanged.
According to the CME's FedWatch tool, there is a 94.6% probability that the Fed will maintain its current rates and a 5.4% probability that they will cut rates by ¼%, which would take their benchmark rate to between 5% and 5.25%.
At the conclusion of this week's FOMC meeting, the Federal Reserve will release a statement, and Chairman Jerome Powell will hold a press conference.
According to the UBJ, "Forecasts from futures markets indicate a high degree of certainty that interest rates will remain unchanged, with only a negligible chance of a rate cut. Since July 2023, the FOMC has maintained a steady federal-funds rate target, holding it within a range of 5.25% to 5.50%. This steady stance reflects the committee's cautious approach, particularly in light of recent inflationary pressures."
However, market participants will be intensely focused on the Fed's plan regarding its balance sheet management, which is expected to draw significant attention.
Author Rahul Kumar noted, "The Fed wields influence over monetary policy not only through interest rates but also via its actions in the repo market and adjustments to the size of its balance sheet. Quantitative easing (QE), a strategy involving the purchase of large quantities of assets, injects liquidity into the financial system, while quantitative tightening (QT) involves reducing the balance sheet by allowing assets to mature without reinvestment.
Since June 2022, the Fed has embarked on a path of QT, gradually reducing the size of its balance sheet. Powell's recent indications of slowing the balance-sheet runoff signal a potential shift in strategy, with expectations of a formal plan announcement in May and a subsequent reduction in the monthly pace of balance#sheet reduction."
The Federal Reserve has been steadily decreasing assets from its balance sheet, which peaked in 2022, and decisions on QT are separate from the Fed's decisions on interest rates.
It seems likely that the vast majority of investors will await the Fed's guidance before making major decisions on their investment portfolios, including allocations to gold and U.S. equities.
Bitcoin’s movements have been unremarkable in the past week, weakly wobbling seven days after its much-awaited halving event. At press time, the Bitcoin price hovers at $63,774 after barely budging over the week. The lackluster price action came alongside a rush of money from the newly approved U.S. spot Bitcoin exchange-traded funds (ETFs).
However, a well-known crypto strategist sees an epic bull plot ahead for Bitcoin.
Why BTC Could Repeat Nov 2020 Price Eruption
Anonymous analyst TechDev took to the X micro-blogging platform to note that BTC’s two-month chart conditions indicate that the crypto market leader is about to go turbo-parabolic.
TechDev forecasts that Bitcoin will surge by more than 110%. This would mark a repeat of the November 2020 price move, when BTC rocketed from roughly $13,000 to around $29,000 within two months.
An accompanying chart highlights Bitcoin’s meteoric rallies in 2013, 2016, and 2020. During these three instances, BTC’s momentum indicator — the relative strength index (RSI) — had a bullish reading of 70.
TechDev further notes that Bitcoin’s volatility indicator, as indicated by Bollinger Band Width (BBW), bottomed out during the three times. It’s worth noting that an extended period of low volatility usually ushers in a strong directional bias, meaning BTC was gearing up for a big move.
The Only Way For Bitcoin Is Up?
TechDev further suggested that Bitcoin is unlikely to undergo a price collapse.
“Please also point out the ‘pullbacks/crashes/dumps’ many have freaked about over the last eight months.”
While TechDev remains highly optimistic about the possibility of another ballistic Bitcoin rally, fellow cryptocurrency strategist DonAlt is rather cautious.
DonAlt warns that support at the $60,000 level looks weak after getting tested several times.
“Back to the same old level. The more often it’s tested the more likely it is to break. I think even bulls would want to get a washout below it at this point. Complacency until proven otherwise (as in until $68,000 is reclaimed or range is lost and then reclaimed again),” the analyst posited.
For crypto expert Michaël van de Poppe, Bitcoin will likely remain stuck in a range for the next 3-6 months. He, however, expects altcoins to diverge greatly to deliver much-awaited gains for holders.
DISCLAIMER The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.
** Loans, secure funding for business projects in the USA and around the world. Learn more about USA & International Financing at Commercial Funding International. **
Gold at the highest probability of a 'melt-up' since the 1980s, but don't rule out 10% corrections – Jared Dillian
Commodities are known to top following major geopolitical events but don't discount gold seeing 10% moves in any direction as the market is at the highest probability of a melt-up since the 1980s, according to Jared Dillian, author of 'No Worries' and editor of The Daily Dirtnap.
Gold surged 18% between March 1 and April 12, rising around $400 and hitting new all-time highs on escalating Middle East tensions, record purchases by central banks, concerns over sticky inflation, soaring U.S. government debt, and continued fiat debasement.
Following the rally, major banks have upwardly revised their gold price outlooks. Citigroup is now calling for a $3,000 gold price over six to 18 months, while Goldman expects gold to hit $2,700 by the year end, and UBS has upgraded its year-end target to $2,500 an ounce.
At the time of writing, spot gold had fallen from record highs and was trading steady at $2,330 an ounce.
Banks raising gold price targets is somewhat concerning in terms of sentiment, said Dillian, who is projecting trend exhaustion in the short term.
"Gold is going to top, which will happen at some point in the $2,500," Dillian told Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News. "I focus on sentiment, and it has been getting a little bit hotter. Gold people, including myself, have been a little bit more bullish on Twitter. I think you'll see an exhaustion of bullish sentiment in the short term and then a price pullback."
Dillian, who has a 40% exposure to gold, is continuing to hold his position but is planning to hedge. "I expect about a 10% correction," he said
What You Need to Know About Junk Food and Cancer: Risks and Evidence Explained
Understanding how junk food and cancer are connected is super important in today's health-conscious world. Junk food, packed with loads of sugar, salt, and unhealthy fats, has always been tied to obesity, heart disease, and diabetes. Recent studies show that eating these highly processed foods might also up the chances of getting cancer. Junk food's nutritional makeup is lacking in important vitamins, minerals, and phytonutrients, which are crucial for keeping our bodies healthy and warding off diseases.
The food you eat affects your health. Eating healthy can help lower the risk of cancer. A healthy diet includes lots of fruits, vegetables, whole grains, and lean proteins. These foods have nutrients that can help protect your cells and reduce the chance of getting cancer.
Making good food choices is a proactive way to protect your health. While no specific food or diet can guarantee cancer prevention, experts agree that your diet matters. By eating lots of plant-based foods and limiting processed meats and sugars, you can reduce your risk of certain types of cancer.
THE LINK BETWEEN DIET AND CANCER
What You Need to Know About Junk Food and Cancer
Exploring how dietary habits, particularly the consumption of junk food, can influence the risk of developing cancer is crucial. This section examines how diet acts as a risk factor and the specific impact of junk food on cancer prevalence.
UNDERSTANDING CANCER RISK FACTORS
Cancer risk is influenced by many factors including genetics, environment, physical activity, and lifestyle choices. Obesity, diabetes, and heart disease can result from poor diet and lack of exercise, and they are linked to higher cancer risk. A healthy diet with good nutrition and less processed and sugary foods, along with regular physical activity, can help lower these risks. Smoking is strongly linked to cancer and should be avoided.
THE IMPACT OF JUNK FOOD ON CANCER
Consuming junk food frequently is associated with poor nutrition and can lead to an unhealthy dietary pattern. Foods high in sugar, salt, and saturated fats contribute to the development of obesity. Studies have illustrated that obesity has a direct correlation with certain types of cancer, and hence, maintaining a healthy diet is paramount in cancer prevention. The emphasis on a diet rich in fruits, vegetables, whole grains, and lean proteins, alongside reducing the intake of junk food, could lower the chance of cancer development.
Physical activity, in contrast to sedentary habits often accompanying high junk food consumption, is fundamental in maintaining a healthy weight, which further reduces cancer risk. It is imperative to understand that while not all junk food will lead to cancer, a diet consistently high in these types of food can significantly contribute to the factors that increase cancer risk.
NUTRITIONAL PROFILE OF JUNK FOOD
What You Need to Know About Junk Food and Cancer
Junk food is typically high in calories, added sugars, and fats, while being low in essential nutrients like fiber, vitamins, and minerals. These attributes can contribute to nutrient deficiencies and have been linked to an increased risk of cancer.
ADDED SUGARS AND FATS IN JUNK FOOD
Added sugars are commonly found in unhealthy food, often making up more than 75% of the total sugar intake. Sweetened drinks alone can contribute a significant amount of the sugar consumed from unhealthy foods. Additionally, unhealthy food can be a main source of saturated fat, accounting for about 48% of an individual's total saturated fat intake. Consuming high amounts of these fats along with sugar can result in consuming more calories without getting any beneficial nutrients.
NUTRIENT DEFICIENCY AND CANCER
Regular consumption of junk food can lead to a deficiency in nutrients that play a vital role in maintaining health. For example, iron, an essential nutrient, is often scarce in junk food, potentially leading to anemia. Low intake of fiber may contribute to digestive issues and has been associated with certain types of cancer. Furthermore, the lack of vitamins and minerals, which are crucial for various bodily functions, can impair the immune system and other body processes. Lastly, the high levels of cholesterol found in many junk foods can have detrimental effects on heart health, influencing cancer risk.
ALTERNATIVES TO JUNK FOOD
What You Need to Know About Junk Food and Cancer
The transition from junk food to more healthful options can significantly impact an individual's overall health and may reduce cancer risk. This section will explore tangible alternatives that can replace common processed snacks and meals.
HEALTHY SNACKING OPTIONS
For those who want to swap their favorite snacks for healthier options, fruits like apples or berries are a great choice. They're naturally sweet and packed with important nutrients and fiber. Nuts and seeds are also good options, providing healthy fats and proteins. A small handful of almonds or pumpkin seeds can be fulfilling and good for you.
One can find tasty snack alternatives that fight cravings without sacrificing health. Air-popped popcorn, for example, is a whole grain that offers volume and fiber without the extra calories in chips. For a sweet snack, you can replace junk food with dried fruits or homemade smoothies, which can satisfy sugar cravings with natural sugars and essential fibers.
ADOPTING A WHOLE-FOOD, PLANT-PREDOMINANT DIET
Opting for a diet centered around whole foods and plant sources is a decisive step towards better health. Including a colorful array of vegetables in each meal ensures a wide spectrum of nutrients and phytonutrients vital for health. The incorporation of beans, lentils, and tofu provides a substantial source of plant-based protein and fiber, fostering satiety and wellness.
Including whole grains like quinoa or brown rice creates a hearty base for meals, while lean fish and poultry can serve as healthy sources of protein for those who include animal products in their diet. Regular consumption of foods high in vitamin D and fiber, such as fortified cereals and legumes, supports a strong immune system and digestive health. Drinking ample water throughout the day also flushes toxins from the body and aids in maintaining healthy body functions.
STRATEGIES FOR CANCER PREVENTION
Effective cancer prevention strategies can significantly reduce the risks associated with the disease. Emphasis on maintaining a healthy weight and incorporating regular physical activity are crucial components supported by leading health organizations.
THE ROLE OF PHYSICAL ACTIVITY AND WEIGHT CONTROL
Engaging in regular exercise and maintaining a healthy weight are pivotal in the battle against cancer. The American Institute for Cancer Research advocates for a lifestyle that includes ample physical activity, which can help control weight, reduce inflammation, and improve insulin sensitivity. These changes collectively contribute to a lower risk of chronic diseases, including certain types of cancer. Studies suggest that physical activity alone might lower the risk of breast cancer and colon cancer.
It is of paramount importance to maintain a healthy weight in order to prevent cancer. According to the American Cancer Society, being overweight raises the likelihood of developing certain types of cancer, including breast, prostate, lung, colon, and kidney cancer. By managing weight and staying active, these risks can be reduced through the improvement of gut health and mental well-being, which can also help alleviate conditions such as anxiety and depression.
GUIDELINES FROM HEALTH ORGANIZATIONS
Leading health organizations, including the Mayo Clinic, have established guidelines to reduce cancer risks through nutrition and lifestyle choices:
Healthy Diet: A diet rich in vegetables, fruits, whole grains, and legumes while low in processed foods and red meats is recommended.
Physical Activity: Adults should aim for at least 150 minutes of moderate-intensity or 75 minutes of high-intensity activity weekly.
Mental Health: Chronic stress is to be managed, as positive mental health practices contribute indirectly to cancer prevention by promoting wellbeing and healthier lifestyle choices.
These guidelines are reinforced by evidence indicating that proactive management of diet and exercise can influence factors contributing to cancer risk. Such strategies are designed to be sustainable, adaptable, and capable of drastically improving health outcomes across populations.
What You Need to Know About Junk Food and Cancer
FREQUENTLY ASKED QUESTIONS
In considering the link between unhealthy food and cancer, we need to look at recent studies and specific ingredients that could raise the risk. Below are key questions answered by experts.
HOW MIGHT REGULAR CONSUMPTION OF HEAVILY PROCESSED FOODS IMPACT ONE'S CANCER RISK?
Regular consumption of heavily processed foods has been linked to higher risk of several cancers, including colorectal and stomach cancers. This is thought to be due to high levels of sugar, fats, and additives found in these foods.
THE LINK BETWEEN CERTAIN INGREDIENTS IN JUNK FOOD AND INCREASED CANCER RISK
The consumption of certain ingredients commonly found in junk food has been associated with an elevated risk of developing cancer. These ingredients include but are not limited to high levels of artificial trans fats, processed meats, excessive amounts of refined sugars, and an abundance of sodium.
Regular consumption of junk food containing these elements has the potential to contribute to an increased risk of cancer. Therefore, it is advisable to limit the intake of such ingredients to reduce the associated health risks.
Certain ingredients commonly found in unhealthy food, such as trans fats, artificial colors, and preservatives, have been associated with an increased risk of cancer. Additionally, the presence of sugar in the diet can also contribute to this risk by impacting obesity and inflammation.
ARE THERE CERTAIN TYPES OF CANCER THAT ARE MORE STRONGLY ASSOCIATED WITH THE CONSUMPTION OF JUNK OR FAST FOOD?
Yes, studies have found that consuming junk and fast food can raise the risk of developing certain cancers that affect the respiratory and digestive systems, including the mouth, throat, esophagus, and colon. Source
WHAT HAVE RECENT STUDIES CONCLUDED ABOUT THE RELATIONSHIP BETWEEN ULTRA-PROCESSED FOODS AND CANCER?
Recent studies have found a correlation between ultra-processed foods and a higher risk of cancer. This connection is primarily attributed to the low nutritional quality and high content of undesirable additives in such foods.
CAN SWITCHING TO A HEALTHIER DIET SIGNIFICANTLY LOWER THE CHANCES OF DEVELOPING CANCER?
Adopting a healthier diet can lower the chances of developing cancer. Nutritional guidelines suggest focusing on a variety of whole foods, like vegetables, fruits, and lean proteins, to substantially reduce cancer risks.
WHAT ARE THE POTENTIAL CARCINOGENIC COMPOUNDS TO BE AWARE OF WHEN CONSUMING PROCESSED AND JUNK FOODS?
Processed and junk foods might sneak in some not-so-great stuff like acrylamide, nitrates, and heterocyclic amines, especially when they're cooked at super high temps. So, when you're choosing what to eat, it's important to keep these substances in mind. These icky substances can show up when you fry, bake, or grill your grub at really high temperatures.
For example, acrylamide can pop up when you fry, bake, or roast starchy foods. both nitrates and heterocyclic amines can lurk in processed meats when they're cooked or processed using high-heat methods. Knowing about these potential risks can help you make smart choices about what you eat and focus on fresh, less processed foods made with gentler cooking methods.
Over the last six weeks, gold and the US dollar have been moving higher in strong correlation. This is contrary to the typical moderately inverse relationship between the two Tier 1 bank assets.
Gold & The Dollar
I use the term “moderately” because the media and mainstream market analysts talk about the relationship as if it’s a tick-for-tick strong inverse relationship. Over a long period of time, the correlation between the dollar and gold is around -30% (the statistical study I’m referencing was conducted by a Trinity College (Dublin) professor and the LBMA – it examined the data from 1975 to February 2012).
Over very short periods, the inverse relationship might be considerably stronger.
Gold Vs The Dollar
However, since late 2005, gold and the dollar have occasionally traded higher with a strong correlation for a short period. In those instances, that particular trading relationship often precedes a sell-off in the dollar while gold continues to move higher.
The chart above shows gold vs the US dollar for the last 52 weeks. The two assets have been moving higher with a very strong positive correlation. There’s been a positive correlation between gold and the dollar as both have been trending higher since the beginning of 2024.
Gold’s Divergence
Also note that after the periods in which gold and the dollar moved higher together, at some point the dollar headed south while gold continued higher. Gold continued higher to a new all-time high in all three instances (March 2008, September 2011 and July 2020). If this trading pattern holds this time, it implies that there will be an all-time high price for gold that is considerably higher than the current level at some point after the dollar diverges negatively and heads south.
The chart above shows the dollar vs gold from 2004 to present, weekly. Annotations show the periods when gold and the dollar moved higher in correlation.
The best explanation in my opinion for this trading occurrence between gold and the dollar is that financial turmoil is unfolding in the financial system around the period when the two assets move higher in tandem.
Enter Inflation
In 2005, inflation began accelerating along with the price of oil, the mortgage finance bubble was inflating rapidly, interest rates were rising and the real (inflation-adjusted) GDP was falling.
2008 saw the culmination of the mortgage crisis which ushered in a full-fledged banking crisis. 2020 needs no explanation. Currently, it is starting to appear as if the entire debt-driven financial system globally is at risk of collapsing.
Thus, I believe the best explanation for the dollar and gold moving higher together is a flight to safety into gold and the dollar by those who can “see” what’s unfolding. At some point, the financial turmoil triggers a sell-off in the dollar and an even bigger movement of capital into gold and silver.
The financial system could be approaching the tipping point which will trigger a sharp sell-off in the dollar and an even bigger move higher in the precious metals sector.
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