gold news

 there's so much going on right now there's the economy gold prices inflation we got a whole bunch of headlines to talk about a whole bunch of really important things that are going to affect you directly so what I think would be best in this video rather than having a setup and try and catch the viewer in the beginning I'm just going to go through this big word jumble on my script here and I'm just going to go through one at a time we'll go really quickly a lot to learn in a short window

of time let's do it and I also want to talk about retail sales some numbers that just came out do you remember a few weeks ago we were talking about the S&P potential double top it wasn't a double top as you can see here in this chart it broke through if it had bounced lower from there and it almost did then that would have been a long way down for the S&P 500 and likely all other stocks as well they trade like flocks of birds when the nasdaq's doing well the Dow's doing well the Russell's doing well they

generally will show positivity on the same days and negativity on the same days give or take obviously it's not a perfect science and gold fell pretty strongly below $2,000 an ounce a lot of people and we actually did get a lot of the same question coming in people get freaked out or spooked by that and I always tell you and I've always told you and I will always tell you the exact same thing you never ever ever have to worry about gold it could drop $300 an ounce today it doesn't matter it will be

fine the trajectory is all about where is it going the rise in the price of gold is actually showing you the decline in the purchasing power of the US dollar so as they're creating more and more money watering down the value of all dollars over time they will always be driving gold prices higher and when you think wow Gold's dropping pretty significantly that's always in a short window of time look at the one month chart it's down about $40 an ounce in one month so right now recency bias is

going to be having an effect everyone thinks wow Gold's not doing well but look at it on a 3month chart oh it's up look at it on a six-month chart oh it's up 5year chart higher alltime chart much higher it will continue on this trend and this whole time that we're talking about that whole duration from when it was decades and decades ago until now that whole time people at various times when gold would dip they would worry about gold they'd worry about gold mining stocks they worry about things

you don't need to worry gold will come back if it drops $200 an ounce you know that get your popcorn sit on the couch you can watch it go up $200 an ounce next on its way to much higher prices and what happened was that the inflation data came in stronger than expected by everyone except for you and investors then worried that the Federal Reserve would not be as likely to lower interest rates the higher interest rates are not good for gold because if you can get a few percent on your money in the bank

because interest rates are higher and then on the other side gold here has no yield just sits there like a rock then comparatively you're going to see more money fleeing the gold space but investors are backwards on this one they've got it completely wrong and as you know inflation is coming back and now are surprised by it I was talking about this months and months and months and months ago it's going to be an inflationary bounce and now inflation will go much higher but don't worry

about interest rates the Federal Reserve is going to absolutely cut interest traes pretty aggressively too as soon as we roll into what is going to come whether recession or depression all across the Euro Zone they're reducing their growth expectations I told you that a lot of these nations are on the brink of recession or they're in recession we're going to talk about that in this video some of the headlines as we go through them meanwhile Japan fell to the fourth largest economy in the

world from third and they gave it a spot to Germany but Japan had a surpris decline in in their GDP and who's the fourth largest economy in the world wrong it's India and that's only for now they will be the third largest economy in the world soon enough they'll displace everyone except for China and America they're growing dramatically quickly we talk about that in this video too and this entire video was inspired by some emails that a lot of you are asking because we came over with the

stock pick January 8th it's gone up tremendously impr people are asking about what should they do in fact while we're talking about I'm going to give you the entire report that we wrote about pixel Works beneath this video so you can see what kind of analysis we're coming out with and why we have one of the most popular Financial newsletters on the earth and I tell you what I always do is I sell a portion of it you do what you want I don't know what's best for you this is not trading advice

I always sell a portion of it and let the rest of it ride and I might buy more if it's starting to do what I thought I was going to do and if I I think is more upside but that's just an example I always tell you guys I put out videos I have a lot of videos telling you about the ways to know if it's time to sell the stock that you own I'll put a link to one of those videos at the end of this video this is an article from Investopedia US economy news today are consumers hitting a wall with their

spending spoiler alert they absolutely are if you look around drive by the fancy Stakehouse see how many cars are in the parking lot it's not rocket science you just look around you in the world everybody is concerned financially now it feels like it companies are pushing up grocery prices and consumers may be pushing back White House economists say this is from Yahoo finance no soft Landing the US economy is going to fall into recession in the middle of 2024 City's Chief Economist says here's what you got to do there's

every person everyone has an opinion they can put in front of you on Yahoo finance that there's going to be a recession people thinking that but then there's also a bunch of people who don't think that that they're not talking to you need to be the one just like with medical stuff this doctor says a that doctor says b you need to be the comat non nominator you need to be the one in the middle of it that's making all the decisions so you decide if you think of recession's coming don't worry about if

you see something on the news because there's also a whole bunch of people thinking the exact opposite for good reason that are not in front of you on the camera right then media is about what they're focusing on they decide ahead of time what kinds of guests they're going to have on so they're telling you that this is what everyone's believing is going to happen and you see that you say oh okay so there's going to be a recession maybe how right is this guy what is he basing

his analysis on but either way however you look at it there's a recession or depression coming decide for yourself if you believe that or if you agree with it and then take action so you land on your feet for the best possible outcome and if you remember a month ago the World Bank said that the entire Globe is in for the weakest year since the pandemic nothing's changed except that the economy is actually gotten weaker than when they said that a month ago this is from axios recession reality

hits Major economies wow so they've caught up to you United Kingdom's in recession right now Japan's in recession there's plenty of others all around the globe and next will be United States in Europe officials now expect the Eurozone economy will grow just 8% this year down slightly from the 1.2% expected in the fall that's a decline of 50% in the expectations since the fall and they're still not pessimistic enough in my opinion January wholesale prices rise more than expected another sign of persistent

inflation this is from CNBC the producer price index a measure of prices pered by producers of domestic goods and services Rose 3% for the month the biggest move since August what happens is that those higher prices for the producers have to translate into the sticker price that they're going to put on the products they sell so those prices go up because the input prices went up excluding food and energy core PPI increased .5% also against expectations for a 0.1% gain they went up five times that

much the UK economy slipped into a technical recession at the end of 2023 yeah okay that's a technical recession just wait to see the real recession which is what they have now India set to clock up to 8% GDP growth as it boosts manufacturing capacity Minister says it's a matter of time India just overto China for population not that this is at all well sort of related but they're going to to overtake every other country except for China and America in terms of their economy because their GDP

growth is so tremendously high and they have so much room for growth and for that high growth rate to maintain for decades to come if you agree with anything that we're saying here today in this video or if you think that we deserve more views which we do please click like it would really help us out also if you want to hear what we had to say next so we can keep giving you free information that is educated actionable and based on thorough analysis and experience then you simply just have to

subscribe to this channel