Oil & Gold Soar On Week, But 'Good Data' Wrecks Rate-Cut Hopes, Slamming Stocks & Bonds

Source: zerohedge
Published: Apr 5, 2024
Author: Tyler Durden
Post Date: 2024-04-05 18:53:29 by Esso
Views: 294

Edited for only gold [Esso].

Gold had another huge week, rallying to a new record high above $2330 (spot). Gold is up 9 of the last 10 days and 6 of the last 7 weeks...

Gold is screaming that something bad is coming (inferring negative real yields - something we have only seen deep in crises)...

History rhymes...

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Poster Comment:

I've got a lot of friends in "Bidenomics" trouble. I'm short of cash after Prez Pedo fucked me on income taxes, so I went and saw my coin dealer Solly and turned in a couple ounces of Au. He clipped me for ~$100 going out, don't know what the premiums going in are, but last time I sold, maybe a couple years ago, he paid me spot to sell. Fuck it, he's gotta make money too. It's just the cost of doing business.

I can't give anybody checks anymore thanks to Prez Pedo's new tax bullshit, and I'll be damned if the folks I'm helping out get in trouble with the feds if I can't write it off on my taxes, so cash it is from now on.

You Can't Take It With You (1938) [Free on EweToob for now]

That's pretty much how I run the Secret Airbase nowadays... Cute movie.

Dr. Kimmy sent me flowers today. I hope they're for my birthday and not my funeral... Maybe it wasn't from Doc, there was no card. Hmmm.

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#1: Esso    To: Whoever sent me flowers today (#0)

Esso posted on 2024-04-05 19:03:04   Reply   Private Reply


#2: Esso    To: All (#0)

...don't know what the premiums going in are...

On Canadian Maples, APMEX is getting a $60/oz premium. Supply must be good.

Esso posted on 2024-04-05 21:14:11   Reply   Private Reply