|This catapults gold to $2,500 and then $5,000 by 2026 – Midas Touch Consulting | Kitco News.
Gold has been gearing up for its breakout to $2,500 for the past 12 years, and it must now break the final resistance level to open up its “phenomenal” upside, according to the research company.
Since 2011, gold has been in some form of consolidation pattern,” he said. “All it takes for gold is to break through this $2,070 level. From $1,920, gold can rally $600 in the next 6 to 8 months easily.” From a technical perspective, gold can reach $2,500 an ounce quickly and then advance to $3,500 and $5,000. “The upside is phenomenal,” Florian Grummes, Managing Director at Midas Touch Consulting said.
You are going to see more and more problems cracking up in the real economy over the next few months,” he said. “And at some point, they will be forced to lower rates again.” (Collapse] is the final outcome in any fiat money system … The only question is how long it takes,” he said.
Gold, silver and oil will skyrocket if U.S. economy pulls off a soft landing – Jim Wyckoff | Kitco News.
“A recession-free soft landing for the U.S. economy will send commodity prices skyrocketing as global demand picks up” according to Kitco Senior Market Analyst Jim Wyckoff.
“We’ve seen a solid rebound in the gold market, and a strong rebound in the silver market,” he said. “There’s a growing notion in the marketplace that there may be only one or two more small Fed rate hikes before this tightening cycle is over. That’s good for the U.S. economy, that’s good for the world economy. It means strong demand for commodities.”
Gold/Silver: A breakdown in two-year treasury yields triggers the next bull market | Kitco News.
The Fed will be forced to pivot on rates. At that point, Treasury Yields will have “peaked,” marking a top in the U.S. Dollar and a bottom in Gold.
Gold then up $650 to $2,500 in the next 12 months. The recent correction gives us another excellent opportunity to add to core positions. As we expect Gold to make new all-time highs and Silver to break $35/oz.
Fed will raise rates to 6% in 2023, gold could hit $10k by 2025 – Tom Luongo | Kitco News
“I think he [Powell] will raise again, and possibly even raise multiple times before the end of the year,” Luongo told Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News. “We’ll wind up somewhere around 6% by the end of the year.”
Luongo had correctly forecast in 2022 that Fed Chair Jerome Powell would continue to hike into the 4.5 to 6% territory in 2023, when many analysts were forecasting a pivot or pause.
As the Fed tightens monetary policy, Luongo expects more bank failures across the United States.
“I just see the entire banking system imploding, detonating like a nuclear bomb,” he said.
Luongo sees commercial real estate loans, which many regional banks are exposed to, as a catalyst for the next series of bank failures.
Gold. As the banking system collapses and the economy enters a recession, Luongo is forecasting that hard assets like gold will benefit.
“If we look at the 1970’s as a model, we are looking at $8,000 to $10,000 in gold minimum, over the next couple of years,” he forecast.
Gold investment will quadruple as precious metals return to four decade mean Rick Rule – Kitco news.
The worlds #1 commodity expert Rick Rule, who runs the world’s largest fund, said…
“The run up in gold prices has just scratched the surface of precious metal’s potential” according to the former CEO of Sprott Holdings and founder of Rule Investment Media.
“It’s important to consider how far gold can go,” Rule said. “Precious metals-related investments comprise less than 1/2 of 1% of all savings in investment asset classes in the United States. The four-decade mean market share is 2%. Debt and deficits will propel gold’s investment market share to the 4-decade mean at a minimum. “If that’s correct, demand for precious metals-related assets will increase 4-fold, which is precisely what I think is going to happen.”
The U.S. Congressional Budget Office acknowledges the dollar is losing 7% of its purchasing power per year. What’s always driven the gold price, more than anything else, is people’s concern about the maintenance of their purchasing power in more conventional savings instruments,” he said. “There is nothing that should worry savers more than interest rates which are insufficient to keep pace with inflation.”
$50,000 gold is likely once the monetary system returns to a gold standard – John Butler | Kitco News.
“As the world transitions to a gold standard monetary system, the price of gold will skyrocket to $50,000 per ounce,” said John Butler, Head of Treasury at TallyMoney.
Physical gold & silver represent a safer, sounder store of value than debt instruments denominated in fiat Federal Reserve notes – which are a fraud perpetrated on the American people.
Federal Reserve notes, masquerading as dollars, have supplanted Constitutional U.S. dollars which were backed by specific quantities of gold and silver.
A wise person prepares for the future, while a fool ignores the facts and faces the consequences. – Proverbs 27:12
Throughout history, every fiat currency ever issued has become worthless… Printed into oblivion by the government who issed it, with an average life span of just 27.5 years.
When the link between the U.S. dollar and gold was severed in 1971- that limited the amount of currency our government could print, based on the amount of gold reserves to back its value – the fate of the U.S. dollar was sealed.
Over the last 50 years the U.S. dollar has lost over 90% of its purchasing power, while gold has increased 58 times in value!