Huge GOLD News From Central Bank! That’s the Reason Gold Will Hit New All-Time Highs – Lobo Tiggre

Huge GOLD News From Central Bank! That’s the Reason Gold Will Hit New All-Time Highs – Lobo Tiggre

Market expert Lobo Tiggre, Editor of independentspeculator.com, shares bullish sentiments toward gold, citing various factors that could drive potential price increases, starting from a base of 2,000 dollars and anticipating significant percentage gains. However, recent market movements saw extended losses for the yellow metal as spot prices slipped below the crucial 2,000-dollar-ounce support level. Analysts caution of further potential declines following this breach.
Tiggre highlights the expectation of rate cuts by the Federal Reserve, historically seen as positive for the gold-dollar exchange ratio. However, Federal Reserve policymakers may need to wait longer before implementing such cuts, as indicated by a recent government report showing that consumer inflation remained elevated last month. Fed Chair Jerome Powell noted progress in addressing inflationary pressures but suggested that the upcoming March meeting might be too soon for the Fed to ascertain its success in combating inflation.
Tiggre delves into the concept of the “weaponization” of the dollar and the trend of central banks increasingly hoarding gold, proposing that these factors contribute to supporting the price of gold despite facing typical challenges. Several countries, including China, Russia, and Iran, have initiated measures to reduce their reliance on the dollar and have been actively working on creating alternative payment systems. While it’s expected for countries with strained relations with the US to pursue such strategies, even traditional US allies have expressed concerns about American economic dominance and have shown interest in diversifying away from the dollar.
Gold continues its sideways consolidation below the psychologically significant 2,000 dollars mark, lingering at a two-month low as the European session begins on Monday. Despite hitting an all-time high of 2,135 dollars in mid-December of the previous year, expectations for gold in 2024 were optimistic, with many anticipating the precious metal would maintain a position above the crucial 2,100 dollars threshold for an extended period. This optimism was fueled by signals from the Federal Reserve indicating potential interest rate cuts in the early months of the year.
Reflecting on this period, Tiggre highlights the remarkable shift in perception regarding gold prices. Once considered a significant achievement for gold to reach 1,000 dollars per ounce, the current price of over 2,000 dollars elicits complaints from some quarters. Tiggre finds this ironic, considering the historical context of gold prices and the considerable wealth it now represents.

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We have the weaponization of the dollar and central banks hoarding gold at record levels I think that’s one reason why gold is held up so well despite the high interest rates and other usual headwinds for gold we’re going into an environment where there’s multiple reasons for gold to go up not just some

When not just you know eventually 10 years from now it’ll be $10,000 no there are reasons for gold to go up this year and we’re going into that from a $2,000 base like the last time we went to into a big ramp up in Gold it was 14500 and

The time before that it was you know 11 1200 so these are big moves up you know 30 40 50% moves up if we get that kind of breakout starting from 2000 we’ll do the math it’s embarrassing to me to even throw the numbers out there because

They’re so big this year I have said that gold is my highest conviction trade for 2024 Market expert Lobo Tigger editor of Independents Speculator decom shares bullish sentiments toward gold citing various factors that could drive potential price increases starting from a base of $2,000 and anticipating significant percentage gains however

Recent Market movements saw extended losses for the yellow metal as spot prices slipped below the crucial $2,000 ounce support level analysts caution of further potential declines following this breach Tigra highlights the expectation of rate cuts by the Federal Reserve historically seen as positive for the gold dollar exchange ratio

However Federal Reserve policy makers may need to wait longer before implementing such Cuts as indicated by a recent government report showing that consumer inflation remains elevated last month Fed chair Jerome Powell noted progress in addressing inflationary pressures but suggested that the upcoming March meeting might be too soon

For the FED to ascertain its success in combating inflation Tigra delves into the concept of the weaponization of the dollar and the trend of central banks increasingly hoarding gold proposing that these factors contribute to supporting the price of gold despite facing typical challenges several countries including China Russia and

Iran have initiated measures to reduce their Reliance on the dollar and have been actively working on creating alternative Payment Systems while it’s expected for countries with strain relations with the US to pursue such strategies even traditional us allies have expressed concerns about American economic dominance and have shown

Interest in diversifying away from the dollar join us as we explore the insights shared by labo Tigra stay updated by subscribing to our Channel and activating notifications thank you I think undeniable recession I think it’ll be a hard Landing but even if I’m wrong the mainstream view is still for soft

Landing which is not no Landing a soft Landing means a mild recession that just doesn’t do much harm but it’s still a recession and historically you know any gold bug can tell you that recessions are good for the gold dollar exchange ratio we’re also looking at the FED

Itself telling us that they’re going to cut rates this year not as much as the markets want not as soon as the markets want but they’re still saying they’re going to cut rate cuts are historically good for the gold dollar exchange ratio we’re also in a world with not one but

Two hot Wars either of which could become World War III and you know one is on Europe’s doorstep the other one is in the Middle East you know that’s not important to the global economy there is a significant geopolitical risk factor here that argues for Safe Haven

Regardless of the economy and then we have related to that but it’s a distinctly separate issue we have the weaponization of the dollar and central banks hoarding gold record levels and I think that’s one reason why gold is held up so well despite the high interest rates and other usual headwinds for gold

So we’re going into an environment where there’s multiple reasons for gold to go up not just someone not just you know eventually 10 years from now it’ll be $10,000 no there are reasons for gold to go up this year and we’re going into that from a $2,000 base like the last

Time we went to into a big ramp up in Gold it was 14500 and the the time before that it was you know 11,00 so these are big moves up you know 30 40 50% moves up if we get that kind of breakout starting from 2000 we’ll do

The math it’s embarrassing to me even are the numbers out there because they’re so big to connect it to the other question about the stocks so these are the reasons why I’m bullish on gold but the gold stocks are so hated it’s not just hate it’s not just sentiment

The market is telling us the price action is telling us and I’m sure you’ve seen this before the market is telling us that they expect gold to come down the stocks typically lead the stocks are lower the stocks are telling us that gold is actually overpriced right now

And it should come down I think the reasons for that are recency bias you know the the two spikes you know record spikes that we have following 2008 up to 2011 Gold spikes you know Peters a little bit and then comes down for years and the only one before that really

Comparable Was 1980 same thing the institutions not you and me not the the gold bug who goes down to his local coin shop to buy another Buffalo or Maple Leaf right the the institutions the comics Traders the L types the guys on Wall Street their experience with gold

Is it Peaks and it goes back it’s peaked and it hasn’t gone back the stocks are telling you they expect gold to go down I think they’re wrong I think they’ll be shown to be wrong this year and then when they realize it it’ll be like oh my

Gosh Gold’s not going down the stocks are on sale and I think we’ll see the gold stops C stocks catch up and this is unlike me to make something so close to a prediction Peter but I think that happens this year I think it’ll be very good at least for the Quality Gold

Stocks gold continues its sideways consolidation below the psychologically significant $2,000 Mark lingering at a two-month low as the European session begins on Monday despite hitting an all-time high of $2,135 in mid December of the previous year expectations for gold in 2024 were optimistic with many anti anticipating the precious metal would maintain a

Position above the crucial $2,100 threshold for an extended period this optimism was fueled by signals from the Federal Reserve indicating potential interest rate Cuts in the early months of the year reflecting on this period Tigra highlights the remarkable shift in perception regarding gold prices once considered a significant achievement for

Gold to reach $1,000 per ounce the current price of over $2,000 elicits complaints from some quarters Tigra finds this ironic considering the historical context of gold prices and the considerable wealth it now represents let’s get back to the interview people are pulling their hair out because gold is doing nothing oh woe

Is me $2,000 gold what a terrible thing like are you kidding me you know as well I don’t have quite as much silver hair as you do but I remember when a, gold was like our wet dream of success we were you know wow we’d be so wealthy if

Gold would just rise to $1,000 I remember saying that but I didn’t I didn’t join the merry uh Band of Thieves there in the Sherwood Forest until 2004 by which time it had already moved I sorry but just I remember in the 250 plus range this Doug wrote If I could

Reach through and grab you by the lapels and tell you to buy gold I would and if I could call your broker for you and tell him to buy these gold stocks I would but I can’t so I’m just writing my newsletter and telling you this is a

Screaming opportunity anyway uh but so just think about it you know we thought ,000 dollar if gold should ever reach such a high price uh you know or exchange ratio with a dollar because gold is money you know our our ship would be coming in and here we are

Complaining about gold just trading along at $2,000 we’ve spent a lot of time on the two yellow metals and I see what I love about this particularly for this year this is again not some way this is like Happening Now based on the trends Happening Now is it if if you bet

On uranium and gold this year the two yellow metals that portfolio is self- hedging like let’s say I’m completely wrong about the recession and Safe Haven demand for gold and the you know Powell has somehow miraculously saved everybody beat inflation with no harm done and it’s Happy Days going forward that’s

Going to cause increased demand for energy the economy booms right uranium will do great in that market gold not so much um but let’s say the recession is really bad and there’s a big scare and Industrial Minerals take it on the chin energy takes it on the chin and even

Though it shouldn’t affect uranium so much because it’s base load power it does anyway spot goes down the stocks go down well in that environment gold takes off so without getting out of the market like I don’t just have to stand back and say I don’t know what’s going to happen

By betting on the two Yow Metals I can bet whichever way it goes I actually think the most likely course is in between and I think both will do well this year but if I’m completely wrong about one or the other my portfolio is already hedged so I think I think that’s

The Parting thought I’d like to leave the audience with I think you know rather than missing the boat you can you can hedge Within by betting on both yellow medals geopolitical tensions support gold but the fed’s monetary policy pivot will remain the key price driver in 2024 according to U aany commodity strategist

At ING ongoing geopolitical risk in Ukraine and the Middle East supports gold prices hit an all-time high of $2 277.49 per ounce on the 27th of December 20123 man said still we believe the Federal Reserves waitand see approach will keep the rally in check she expects

An average gold price of $225 per ounce over q1 2024 that’s it from us if the video resonates with you join our community by subscribing to our Channel and enabling notifications with the Bell icon thank you for being a part of our community