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Why BRICS Gold (and Silver!) Launch Date is October 2024
Intro:
The best was saved for last in terms of Gold remonetization progress.
Michael Hartnett takes us through month by month each significant event on his calendar for 2024. Included are explanations and the appropriate chart.
November: Election Day…
While Hartnett does not mention Gold or Silver once in this section of the report1, he gives the event that will be a major indicator of Gold and Silver’s remonetization journey.
We do the rest, connecting dots of the last 2 years (all previously posted here) with the aid of our friend and collaborator in China Bai Xiaojun.
October: BRICS Summit Gold and Silver…
Both the BRICS October 2024 summit and the behavior of those nations leading up to that meeting will be quite momentous for both Gold and Silver. (Starts 14:25 )
August: Biden is very unpopular…
If a G7 “reset” is set to happen, it could come contingent upon what the BRICS decide in October. The next ten months will be closely monitored in this space.
Sections:
00:00—Market comment
00:45— Overview
02:35— Jan: Taiwan Election
03:44— Feb: Ukraine Anniversary
04:42— Mar: Super-Tuesday, 1st Rate Cut?
06:25— Apr: Soft Landing Judgment Day
08:30— May: Google AntiTrust Trial
09:30—Jun: OPEC, 2nd Cut Due
** 11:01—Jul: GOP Convention
12:00— Aug: DNC Convention
14:09— Sep: MMF Flows Peak
** 14:25— Oct: BRICS Summit- Analysis
** 26:20— Nov: Election Day Analysis
** 29:38— Dec: Buy Season- Analysis
30:45— Rest of report
If Fed does not ease, more bearish than many think
*Expects Bonds/Bullion/Breadth to be soft in H1 2024**
Dollar lower = stocks higher right now
Bond positioning is not helping anymore
The video above walks through the whole report for members. A slide deck of all charts is attached below.
Bonus.. more A.I. rocket pics
Enjoy
