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Bumble

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  1. https://www.telegraph.co.uk/news/2024/03/20/detectorist-strikes-gold-largest-nugget-found-england/ Not exactly on the scale of the ones Australians turn up, but still.
  2. Historically, the Fed do not like to change interest rates within 2 to 3 months of an election, because it makes them look partisan. So, if rates are going to be cut, the summer is the last opportunity. Not many people are talking about GBP, but by the end of the year there will be a Labour government in the UK, and this is not Tony Blair's Labour. Almost anything this government wants to do will send GBP plunging downwards. I honestly would not be surprised to see GBP below parity with USD within 3 years. Now is the time to get your savings out of GBP and into something else. Even USD would be a much better choice. CHF might be even better. Gold should be good. US blue chip stocks should be OK.
  3. The recent run-up in gold has pushed it above the upper Bollinger band for three days running now, which is unusual. Also the RSI is technically showing overbought. I wouldn't be surprised to see a short term correction now, like we had in early December. I remain bullish on the year and expect to see further all-time highs.
  4. Supercore inflation leaves out food, fuel and housing costs.
  5. Asset performance. Numbers in parentheses are negative.
  6. Uranium did well in 2023 and may well continue to do so. I own some Yellowcake (YCA.L) and some of the Sprott Uranium miners fund (URNP.L).
  7. The gold price stays within the Bollinger bands nearly all the time. We have just bounced off the bottom. RSI is below 50 and the MACD is negative, so momentum is downward. These things have little predictive value though. The price could slide down the band or bounce back up to the top. On a macro basis, things are more positive. The Fed will not let a recession happen in the run-up to a US election. If the economy turns down, they will reverse the monetary tightening, even if inflation is still above 2%. That will be negative for the USD and positive for gold and crypto.
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