500% Increase in GOLD Prices! Gold Is About to Hit Massive 'Bullish Momentum' Very Soon - Tavi Costa

500% Increase in GOLD Prices! Gold Is About to Hit Massive "Bullish Momentum" Very Soon - Tavi Costa

Amidst historical affinity for gold and recent market turbulence, China's increased involvement signals a significant shift in gold trading dynamics. Tavi Costa, a macro strategist from Crescat Capital, notes that central banks' accumulation of gold reflects its status as a credible monetary asset with centuries of history. This trend is expected to persist, potentially driving gold prices to remarkable levels by the decade's end.
This year's surprising surge in gold prices puzzled analysts until Chinese retail investors flooded the Shanghai Futures Exchange, causing volumes to triple and prices to soar despite global pressures like rising Treasury yields and a strong dollar. With gold reaching all-time highs above $2,400 an ounce, China, the world's largest producer and consumer of gold, plays a prominent role in this extraordinary ascent.
Traditionally vying with India for the world's biggest buyer of gold, China surpassed India last year as its jewelry, bars, and coins consumption reached record levels. Costa suggests that while gold may lead the price movement, other commodities could see even more significant gains due to their undervaluation.
Although gold equities began to perform as expected in March, analysts predict that gold miners will significantly outperform over the next 12 months. This expectation is driven by the anticipation of gold miners finishing 2024 with appreciation well above the movement of the underlying gold price. Despite the bullish outlook for gold and other commodities, Costa sees mining stocks as undervalued, allowing investors to capitalize on their potential growth.
Costa underscores suppressed credit spreads and the looming risk of a recession, citing indicators like the steepening yield curve as worrisome signals. Research from the Federal Reserve Bank of New York indicates a 58% probability of a US recession before February 2025, a level not seen since the 1980s.
Discussing the recent series of rate hikes by the Federal Reserve despite ongoing increases in the monetary base, Costa notes that the central bank's higher-for-longer stance was unexpected at the beginning of 2024. However, investors must adjust to this reality with inflation proving stickier than anticipated, hovering around 3% compared to the Federal Reserve's 2% target.
Recent statements from Fed Chair Jerome Powell and other policymakers solidify the notion that rate cuts are unlikely in the coming months. In fact, there has been discussion about the potential for additional rate hikes if inflation does not ease further, emphasizing the Fed's commitment to tackling inflationary pressures.

"Welcome to our channel dedicated to gold and silver investing! In this video, we provide expert insights and analysis on the latest trends in the gold and silver market. Discover strategies for investing in precious metals, including gold and silver bullion, coins, and jewelry. Stay updated with real-time price updates and market news, and learn how to diversify your portfolio with gold and silver. Whether you're a beginner or an experienced investor, our channel offers valuable tips and guidance to navigate the world of precious metals.

Subscribe now for in-depth analysis, historical data, market forecasts, and more. Join our community of gold and silver enthusiasts and unlock the potential of these timeless assets. #GoldAndSilverInvesting #PreciousMetalsChannel #InvestingTips"

We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news.

We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video!

#gold #goldpriceprediction #tavicosta

[kaiserbillxiv]

There is over 10X amount of money in the US economy than the last recession. Shouldn't gold and silver, etc. be worth that much more also?