: Economic signs, food price increases and
: governments preparing for an event of
: massive proportions are on the horizon in
: front of us. How do we protect ourselves?

Is this another pump-and-dump rally in the precious metals market, or is it a sign that something big is about to take place?
-NW

Gold rallies to 6-mo. peak; new record high coming soon
Jim Wyckoff
Nov 28, 2023

[snip]

(Kitco News) - Gold and silver prices are solidly higher near midday Tuesday, with gold notching a six-month high. Both precious metals are supported today by some less-hawkish "Fed-speak," bullish near-term technical postures and a slumping U.S. dollar index.

It's my strong bias the gold market will, in the coming weeks, score a new record high. The present peak is $2,085.40 an ounce, basis nearby Comex futures, scored in May of this year. February gold was last up $22.30 at $2,055.10. March silver was last up $0.287 at $25.325.

A couple of Federal Reserve officials today sounded less hawkish, which helped to pressure the greenback and support the precious metals markets. Fed governor and FOMC member Christopher Waller said the U.S. economic momentum is slowing and he is encouraged by that.

The Richmond Fed manufacturing survey released today corroborated Waller's comments on the economy slowing down a bit. However, another Fed governor and FOMC member, Michelle Bowman, today still sounded hawkish in her comments in a speech.