Why everyone’s rushing back to gold now

[] Dollar decline is just one factor [View in browser]( [View in browser]( [] MARCH 6, 2024 [] [] PROSPERITY PUB MARKET TALK Why Everyone’s Rushing Back To Gold Now Have you seen that rally in gold the last few days? We sure did, and we wanted to find out what was going on. So we reached out to the best commodity expert we know: Geof Smith. And in a short 5 minute chat, he was able to give us the rundown on what’s happening and where things could be headed next. Paper Gold He opened the conversation with a line that instantly became a classic: “A lot of traders are realizing they’ve been stupid.” He clarified by stating that there’s a lot of “gold” trades out there that are just paper gold without any actual gold backing. As an example, he called out gold miners: GDXJ for example, the Junior Gold Miners ETF. When you buy GDXJ, at the end of the day, you’re investing in a company — not in actual gold. As war, inflation and currency devaluation increase, more and more traders are coming to the realization that most — or even all — of their “gold” holdings aren’t actually gold. And as more traders realize this, the flight to true gold will continue to accelerate. Central Banks Next up, Geof tells us that Central Banks around the world are buying up gold at unprecedented rates. In fact, China’s central bank has bought more gold than any other country. It seems this strategy may be part of a larger trend to diversify reserves away from traditional fiat currencies and towards what has traditionally been considered a more stable, tangible asset. Dollar Past Its Prime? This next one goes deep. For the past 8 decades, the US has enjoyed the benefits of serving as the world’s reserve currency. This means that most, if not all, international transactions had to be conducted in US dollars, enabling the US to influence global economic policies and maintaining significant leverage over international financial markets Reflecting a broader shift towards diversifying economic alliances, Geof went on to mention that the BRICS countries — Brazil, Russia, India, China and South Africa — are starting to do a lot more commerce outside of the US dollar. This shift suggests the US dollar may indeed be past its prime as the world's unchallenged reserve currency. In response, countries are increasingly turning to gold, while the global economy awaits the rise of a new, robust reserve currency to take the dollar's place. Good Old Advertising Is it just us, or have you noticed a barrage of gold ads on the TV and radio? A few months ago, we even saw gold bars available for purchase on the Costco website! [] While it’s probably not a needle-mover on its own, it certainly can’t hurt when people are inundated with ads for gold. Where It’s All Headed… With all these forces piling up, the big question is: “What’s next?” So we asked Geof what he thinks the future holds for gold. Is this just a temporary blip… some kind of fakeout? Geof was certain that the “Gold Supercycle” he’s talked about over the past few months is just starting to kick off in earnest. With all the forces we’ve discussed acting on gold — not to mention the Fed and their interest rate campaign — he sees gold heading up. He did hasten to add: “Nothing goes straight up.” He predicted the current rise could last for the next 2-3 months. Then he wouldn’t be surprised to see it take a breather, or even pull back a little. With all these changes, it’s clear gold is making a big comeback. Central banks are stocking up, and even everyday folks are seeing gold as a safer bet than ever. — The Prosperity Pub Team [] [] About That Recent Gold Rally… Have you SEEN gold prices over the last few days? A lot of traders were caught off guard — But not Geof Smith… He’s been eyeing the coming Gold Supercycle… and the past few days are just the beginning! [Click here to get the scoop!]( [] [] GUY COHEN’S TRADE RADAR Post Earnings Setups Providing The Best Quality Volatility dropped last week, culminating in a sharp uptick on Friday. The indices are having a great time with no obvious signs of change yet. That said, as I mentioned last week, as I look at the overall market, the quality of setups isn’t magnificent this week either. Post earnings setups are providing the best quality, which isn’t altogether surprising. [Click here to watch now!]( Follow the money, — Guy Cohen [] [] [] [] MARCH 6, 2024 [] [] PROSPERITY PUB MARKET TALK Why Everyone’s Rushing Back To Gold Now Have you seen that rally in gold the last few days? We sure did, and we wanted to find out what was going on. So we reached out to the best commodity expert we know: Geof Smith. And in a short 5 minute chat, he was able to give us the rundown on what’s happening and where things could be headed next. Paper Gold He opened the conversation with a line that instantly became a classic: “A lot of traders are realizing they’ve been stupid.” He clarified by stating that there’s a lot of “gold” trades out there that are just paper gold without any actual gold backing. As an example, he called out gold miners: GDXJ for example, the Junior Gold Miners ETF. When you buy GDXJ, at the end of the day, you’re investing in a company — not in actual gold. As war, inflation and currency devaluation increase, more and more traders are coming to the realization that most — or even all — of their “gold” holdings aren’t actually gold. And as more traders realize this, the flight to true gold will continue to accelerate. Central Banks Next up, Geof tells us that Central Banks around the world are buying up gold at unprecedented rates. In fact, China’s central bank has bought more gold than any other country. It seems this strategy may be part of a larger trend to diversify reserves away from traditional fiat currencies and towards what has traditionally been considered a more stable, tangible asset. Dollar Past Its Prime? This next one goes deep. For the past 8 decades, the US has enjoyed the benefits of serving as the world’s reserve currency. This means that most, if not all, international transactions had to be conducted in US dollars, enabling the US to influence global economic policies and maintaining significant leverage over international financial markets Reflecting a broader shift towards diversifying economic alliances, Geof went on to mention that the BRICS countries — Brazil, Russia, India, China and South Africa — are starting to do a lot more commerce outside of the US dollar. This shift suggests the US dollar may indeed be past its prime as the world's unchallenged reserve currency. In response, countries are increasingly turning to gold, while the global economy awaits the rise of a new, robust reserve currency to take the dollar's place. Good Old Advertising Is it just us, or have you noticed a barrage of gold ads on the TV and radio? A few months ago, we even saw gold bars available for purchase on the Costco website! [] While it’s probably not a needle-mover on its own, it certainly can’t hurt when people are inundated with ads for gold. Where It’s All Headed… With all these forces piling up, the big question is: “What’s next?” So we asked Geof what he thinks the future holds for gold. Is this just a temporary blip… some kind of fakeout? Geof was certain that the “Gold Supercycle” he’s talked about over the past few months is just starting to kick off in earnest. With all the forces we’ve discussed acting on gold — not to mention the Fed and their interest rate campaign — he sees gold heading up. He did hasten to add: “Nothing goes straight up.” He predicted the current rise could last for the next 2-3 months. Then he wouldn’t be surprised to see it take a breather, or even pull back a little. With all these changes, it’s clear gold is making a big comeback. Central banks are stocking up, and even everyday folks are seeing gold as a safer bet than ever. — The Prosperity Pub Team [] [] About That Recent Gold Rally… Have you SEEN gold prices over the last few days? A lot of traders were caught off guard — But not Geof Smith… He’s been eyeing the coming Gold Supercycle… and the past few days are just the beginning! [Click here to get the scoop!]( [] [] GUY COHEN’S TRADE RADAR Post Earnings Setups Providing The Best Quality Volatility dropped last week, culminating in a sharp uptick on Friday. The indices are having a great time with no obvious signs of change yet. That said, as I mentioned last week, as I look at the overall market, the quality of setups isn’t magnificent this week either. Post earnings setups are providing the best quality, which isn’t altogether surprising. [Click here to watch now!]( Follow the money, — Guy Cohen [] [] [] [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](