The Real Reason Gold is on the Rise

Author

Max Hockley
May 10, 2024

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Gold futures broke out this morning to $2,380, and look to be making another run toward the all time high of $2,431 per ounce.

The catalyst appears to be comments from Atlanta Fed Present Raphael Bostic. This morning, he said he still believes the Fed will cut rates this year–likely because of the spike in unemployment claims reported this week.

The bottom line: if interest rates go down, gold will go up.

It interest rates stay the same or go up, the US government risks insolvency, and gold will go up.

Gold will go up.

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This week on my channel, a simple question: Can a cheap world coin grab bag from Amazon bring me a return on my investment - or should Bezos stick to the books (and basically everything else) instead.

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