Metals Market Report
Metals Market Report
Goldman Sachs Predicts $2,973 Gold in 2025
OCTOBER 2024 - WEEK 1 EDITION
October 2024 - Week 1 Edition A Review of Precious Metals and the Markets In 2024 September was another exceptional month for silver and gold, which were up 9.33% and 6.49%, respectively, vs. just 2% for most stock market indexes. For the full quarter – from July 1 to September 30 – gold reigned supreme, up 14% vs. 7.4% for silver and an...
Federal FY 2024 Ends Monday – With $2 Trillion in Red Ink! Does Congress Care? Does Either Candidate Care? Do the Voters Care?
September 2024 - Week 4 Edition
September 2024 - Week 4 Edition Federal FY 2024 Ends Monday – With $2 Trillion in Red Ink! Does Congress Care? Does Either Candidate Care? Do the Voters Care? The federal government’s fiscal year (FY) starts on October 1st and ends September 30th, next Monday. Through August 31st of this year, after a horrendous $383 billion deficit in August, the FY 2024 federal deficit...
Gold Tops $2,600 and Silver Surpasses $31: What’s the New Story (If Any)?
September 2024 - Week 3 Edition
September 2024 - Week 3 Edition Gold Tops $2,600 and Silver Surpasses $31: What’s the New Story (If Any)? Gold Tops $2,600 and Silver Surpasses $31: What’s the New Story (If Any)? Gold topped $2,600 at the start of this week, most likely in anticipation of the first Federal Reserve interest rate cut on Wednesday, September 18. It bounced around $2,600 before holding about...
Gold Passes Euro As Second-Biggest Central Bank Holding - Behind Only the U.S. Dollar
September 2024 - Week 2 Edition
September 2024 - Week 2 Edition September is Strongest Month for Gold, Weakest for Stocks We’ve seen a tumbling stock market so far in September, plus a strong recovery for gold this week. This is par for the course in September, the weakest month of the year, historically, for stocks over the last century, while it is usually the strongest month for gold. That’s...