Huge News! This Project Is the BIG ONE for Gold & It Just Became Even Bigger - Andy Schectman

Huge News! This Project Is the BIG ONE for Gold & It Just Became Even Bigger - Andy Schectman

Gold prices are experiencing a significant uptick in midday U.S. trading on Thursday, driven by a combination of safe-haven demand, weaker U.S. economic data, and a dovish stance from the Federal Reserve. This surge comes against a backdrop of heightened tensions in the Middle East and growing expectations of potential interest rate cuts by September.
Andy Schectman, a prominent figure in the precious metals industry and President of Miles Franklin Precious Metals, offers insights into the complex dynamics. Schectman argues that gold prices were deliberately suppressed for an extended period to maintain low interest rates, projecting an illusion of strength in currency and bond markets. He contends that rising gold and silver prices expose underlying market fragilities, challenging this narrative.
Schectman's perspective illuminates an intriguing dichotomy between Western market practices and global trends. While Western markets allegedly suppress paper prices, other countries are increasingly focused on acquiring physical metal, potentially signaling a shift in the global precious metals landscape.
Daniel Ghali, a senior commodity strategist at TD Securities, further emphasizes this evolving market dynamic. Ghali notes a significant change in the gold market compared to recent months. He points out that discretionary traders maintain larger positions than typically justified by current rate market projections for Federal Reserve cuts. Commodity Trading Advisors have reached a 'max long' position, suggesting limited room for further expansion without re-leveraging.
However, the global picture remains complex. Despite persistent central bank buying activity, Asian markets have shown reluctance, with only nascent signs of renewed interest in recent sessions. Ghali attributes this to price movements in Asian currencies, which have diminished the appeal of precious metals as a hedge against currency depreciation.
Andy Schectman highlights how central banks, particularly in China, have strategically used Western price suppression tactics.
Schectman points to statements from the Shanghai Gold Exchange, suggesting that the "real" price of gold will only be fully realized when China exerts greater influence in the market. This perspective gains credibility when considering China's remarkable track record in the gold industry.
For over a decade, China has maintained its status as the world's largest gold consumer while simultaneously holding the title of the world's largest gold producer for an impressive 15 consecutive years. These achievements underscore China's pivotal role in shaping the future trajectory of the global gold market.
Industry experts, including Tait, anticipate that China's influence will continue to drive innovation in key areas of the gold market. These areas include enhancing Gold Bar's integrity, advancing digitalization efforts, and promoting responsible supply chains and artisanal mining practices.
China's dominance in production and consumption uniquely influences global gold prices and market dynamics. This situation lends weight to Schectman's assertion that the true value of gold may be suppressed in Western markets, with countries like China poised to reveal a more accurate pricing mechanism.

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[Gzvzusba]

*PLEASE I KNOW NOTHING ABOUT TRADING/ INVESTING AND I'M KEEN ON GETTING STARTED . WHAT ARE SOME STRATEGIES TO GET STARTED WITH ?*

[tonyanaymik]

I don’t understand a lot but I especially don’t understand how anyone with real sense can think that there’s going to be an actual depreciation of precious metals it just isn’t going to happen long term ever
there is too much demand even outside of humanity for gold and silver that that’s not realistic and you can’t bump up free printing of money and expect gold and silver to not have even more value
that just doesn’t even make sense and whoever it makes sense to it’s because the “financial system” is so convoluted and money should be simple not convoluted
it’s people playing a game
the stock markets a game
a lot of vocabulary that is just made up crap
there is no way in the universe with an ABUNDANT CREATOR would it make sense for us to have a debt-based system
like oil and vinegar they don’t mesh
and opposites do not attract

[JohnsonLuke-nrqj]

I have learnt a lot concerning crypto progress this time and will like to join in . I wish I can get a good mentorship❤

[BTCforce]

The shock will b when new inheritors of gold dump it for BTC.