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Rebel Capitalist News

News: Gold Price Is Skyrocketing!! How High Can It Go

Rebel Capitalist News

George Gammon

Business, Investing

4.71.1K Ratings

🗓️ 16 October 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

Check out my private, online investment community (Rebel Capitalist Pro) with Chris MacIntosh, Lyn Alden and many more for $1!! click here https://georgegammon.com/pro

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✅ Check out my private, online investment community (Rebel Capitalist Pro) with Chris MacIntosh, Lyn Alden and many more for $1!! click here https://georgegammon.com/pro

 

✅Rebel capitalist merchandise https://www.rebelcapitaliststore.com

Transcript

Click on a timestamp to play from that location

0:00.0

Hello fellow rebel capitals hope you're well so if you haven't seen a chart of gold

0:06.1

you've definitely got to check this out it is skyrocketed over the last couple days

0:11.5

so this begs the question how high can this go? Can it go to exceed 2,000? Can we get all-time

0:18.9

highs? Could it go to 3,000, 4,000? Who knows?

0:23.2

Let's take a deep dive into that topic right now.

0:26.6

First, let's start by going over this article from Zero Hedge.

0:30.8

I want to jump back over there today futures jump to highs after solid bank earnings as

0:36.2

gold treasuries soar on imminent Gaza

0:47.5

gaza invasion. So this is just a chart of the S&P 500. They got a lot of great charts in here.

0:54.9

And let's just review it very very quickly. Then I want to go over to some insights from my good buddy Eric Townsend with macro voices. This was a dollar largely flat but yeah let's talk about

1:00.0

what's happened to the dollar over the last couple of days a dollar is

1:02.1

gone way up way up and we discussed that on a prior video today.

1:06.6

So I did not know this, that Brent is now close to $90 a barrel again.

1:12.6

Let's just actually confirm that with CNBC

1:17.3

and we're gonna get to a gold chart in just a moment.

1:20.5

But if we look at oil, jumps 4%, eh, okay, so we're right on 86, 74 right now.

1:27.0

That is a big increase, but we're not at 90 yet.

1:31.0

So getting back to, actually that on C and B. C. That might be W. T. I. So we could be just looking at comparing apples and oranges there. Okay, so gold really searched.

1:43.8

Here's a chart that shows this, what it's done.

1:46.9

Well, since the Israeli attacks,

1:48.8

you would imagine that gold would go up,

1:51.0

but it's really gone up over the last couple days.

...

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