Wednesday , October 23 2024
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Here’s my gold outlook.

Summary:
A lot of you have been asking. 

Topics:
Mike Norman considers the following as important:

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A lot of you have been asking. 
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

32 comments

  1. What’s your take on a global crash in the early spring? Is this possible?!?

  2. @AmazianLinsation82

    Yeah Mike!

  3. Seattle Mariners hat – a collectible?

  4. Sounds like the BRICS might be squeezing the shorts

  5. I loaded up on physical Gold in the 90s. Turned out to be a smart move.

  6. My heart is with the Yanks, my brain says the Trolley Dodgers are a better team.

  7. Peter Shift said gold to 1 million per ounce

  8. Trump contradicts himself jowever. He is promoting Elon Musk who believes in balanced budgets, and austerity.

  9. @eatlaughandstupid4430

    Go Dodgers! Reggie Jackson and Catfish Hunter…to this day, I hate your Yankees.

  10. Thanks for the updates, Mike. I have never bought gold but still interesting to hear your take on the trends for it.

  11. You will find out how the "debt" will affect gold in amazing ways. MUCH higher.

  12. Hey Mike. I understand what you’re saying about Social Security being “just another government payment” but realize that social security taxes are held in securities. This is where the idea of it becoming insolvent comes from. Could the government simply add more funds to the trust or add additional money to the withdrawals? Probably but as it stands there are trusts in place.

    https://www.ssa.gov/news/press/factsheets/WhatAreTheTrust.htm#:~:text=The%20Social%20Security%20trust%20funds,Trust%20Fund%20pays%20disability%20benefits.

  13. Mike, can you discuss Bonds! We are getting crushed!

  14. @financeeconomics1057

    I haven't followed professional baseball for years. I used to be a Chicago Cubs/White Sox fan despite being from Southern California. I probably won't watch any of the games, but I'll take the Dodgers. Although they were never my favorite team, I did go to a few Dodgers games back in the day and I still remember their World Series victory when they had Kirk Gibson.

  15. @financeeconomics1057

    I think geopolitical risk is driving the price of gold.

    If Trump is elected, which appears likely and he's able to end the Ukraine conflict, cut sanctions against Russia and other countries, I think gold will come down. Let's hope the Israel/Iran conflict doesn't escalate.

  16. Silver is having a major correction to the upside. Maybe hit $50+ soon.

  17. You've been telling your subscribers to sell gold since September, then now telling them how your reports have buy positions on certain pull backs

  18. I cashed out early. Watching the rally FOMO kicked in. Resisting the urge to jump back in and chase. Just going to hold for now.

  19. interesting fact: gold price is now 100%+ over its production cost which is pretty uncommon

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