The mild rebound for gold and copper wreaks of a dead-cat bounce | Metals Mine

  • The mild rebound for gold and copper wreaks of a dead-cat bounce

    From forex.com

    Commodities have been on the rise this year, which is a serious threat to central banks looking to cut interest rates. If commodities are higher, it is only a matter of time before they get passed along the supply chain to the consumer. And that means odds of a second round of inflation are increasing. Today I’ll focus on metals, as it appears they have been shaken at their highs. I should add that last week’s selloff across gold, silver and copper is not an attempt to pick a major high. Far from it. But if we look at the gains since their October lows, a pullback was arguably due.On Monday, May 21st, gold ... (full story)

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Trader#F539
May 29, 2024 7:56am
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Crucial price for Gold where investors should jump in is slightly below 2250$. That would be a clear 200$ retracement on Gold from the high it left around 2450$.

This might be the last chance to Buy Gold before it takes off and finally flies through the recent high at 2450$ beyond 2500$ and much, much more.

We are waiting for something to happen now that will lift the USD and bring everything else down, but only for a certain period before the complete turnaround takes place.

Silver should be going below 30$ once more and that should be it...
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zisi876
May 29, 2024 5:16pm
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but inflation might not drop
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Trader#F5F9
May 30, 2024 2:00am
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Quoting zisi876
but inflation might not drop
You are right about inflation. However, what you need to understand is that once the investors finally realize that inflation isn't going to 2% or below, but is again going to rise and that the Fed won't start hiking rates despite higher inflation is when the PMs (Gold, Silver) are really going to start heading up.

Fed cannot afford another hiking cycle, because it would cement the economy and drive it into depression, not recession.

The reason investors invest in Gold is to preserve the purchasing power.

Once the investors realize that inflation is going up instead of down and that the Fed is actually going to start cutting rates despite higher inflation (Fed will have to start cutting rates due to an economic meltdown) is when the Gold and Silver will really skyrocket.

I would advise you not to miss this once in a lifetime opportunity with Gold and Silver.

We know China has been selling US treasuries like crazy and buying Gold which drove Gold this high so far.
Just imagine what will happen when investors finally get a clue of what's really going on at the moment.

Silver went from 8$ to 50% during GFC and Gold from 675$ to 1920$ during GFC.

This is going to be waaaaaay worse than GFC. We have wars, debt problem, BRICS, banking sector collapse... I mean pick any of these things. Better question is what isn't going on at the moment.

Look, I saw that the USD will rise temporarily now due to the risk in the markets. However, mark my words something will happen very, very soon that will change the complete picture.

Something is about to take place soon that will actually force the Fed to start cutting interest rates which will mark the start of the USD collapse.

In my opinion USD will drop against other currencies, but the biggest blow to the USD will be in the PMs market.

Good luck!
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