John Rubino – Gold May Be Sniffing Out The Dichotomy Between Weakening Economic Data And Rallying General Equities
John Rubino, publisher of his newsletter over at Substack, joins us outline the key macroeconomic data points on his radar as far as the health of the economy, the disconnect seen between market rallies and the potential of a coming recession, and the recent strength in the precious metals sector. This is a wide-ranging discussion that gets into whether the recent GDP 5% growth number from Q3 is really sustainable moving forward, concerns in the housing and real estate markets, a falling savings rates for US families, record high credit card debt, and falling retail sales numbers.
Now that most investors have come to the realization that the Fed rate hikes are done, we are seeing the expected sugar high in markets across the board, as the interest rates and US dollar have pulled back. These factors have been a boon for gold and precious metals stocks recently as well, but John feels gold may be sniffing out bigger economic turbulence to come in 2024. Even the precious metals stocks are starting to rally in a bigger way as the yellow metal approaches all time highs.
.
Bill Ackman Bets Fed Will Cut Interest Rates as Soon as First Quarter
Amanda Cantrell – Bloomberg – Wed, November 29, 2023
“Billionaire investor Bill Ackman is betting the Federal Reserve will begin cutting interest rates sooner than markets are predicting. The Pershing Square Capital Management founder said such a move could happen as soon as the first quarter. Traders had been fully pricing in a rate cut in June, according to swaps market data.”
“We’re betting that the Federal Reserve is going to have to cut rates more quickly than people expect,” Ackman said in an upcoming episode of The David Rubenstein Show: Peer-to-Peer Conversations. “That’s the current macro bet that we have on.”
https://www.yahoo.com/finance/news/bill-ackman-bets-fed-cut-231248854.html
How To Know Whether Gold’s Secular Breakout Attempt Will Be Successful?
Investing Haven – November 29, 2023
https://investinghaven.com/commodities-gold/how-to-know-gold-secular-breakout-successful/
I found this interesting there is a company called Electreon that embeds electrical coils in the road and if your vehicle has a receiver, it will automatically charge your electric car when you drive over these coils, it is also true for all electric vehicles like buses and trucks. Right now, there is a road in downtown Detroit that is being equipped with these coils. Why don’t they use a wireless Tesla coil that charges your vehicle when you drive within 50 miles. Maybe Tesla’s coils will come back for practical uses. LOL! They might have to implant a descrambler in our brain to keep our head screwed on. RIGHT ON! DT👍
https://ir.electreon.com/