PREPARE to Be SHOCKED! Vince Lanci Drops BOMBSHELL Predictions for Gold & Silver in 2024

PREPARE to Be SHOCKED! Vince Lanci Drops BOMBSHELL Predictions for Gold & Silver in 2024

The historical negative correlation between gold and the dollar suggests that a strong dollar typically leads to a lower demand for gold. The current correlation between the dollar and gold stands at 0.32 and is expected to increase further, reinforcing this inverse relationship.
With a wealth of experience and a track record of accurate predictions, Vince Lanci is a renowned financial analyst. Vince Lanci's analysis in this video suggests that while correlations between the dollar and gold may appear disrupted, they're expected to normalize as the market adapts to higher price levels. Gold is trading at all-time highs after breaching levels not seen since the yellow metal's dramatic rise and fall in the 1970s and 80s.
From a technician's perspective, Vince underscores that major central banks like China report relatively low gold reserves, up to 4.5%, while the true extent of their holdings may be higher. He notes a trend of nations acquiring gold, suggesting a strategic move due to the current economic climate. Last year, China increased the gold portion of its central bank reserves to about four percent. Beijing views gold as a geostrategic security investment, aiming to reduce reliance on the United States and, consequently, on the US Treasuries.
While discussing the influence of yield curve control on currencies, Vince mentions its effects on the Japanese Yen and how it may foreshadow similar effects on the US dollar. He cautions against inflationary risks associated with these policies, citing recent fluctuations in the Yen's purchasing power as evidence. In early trading, as Asian markets opened on April 29th, the currency plummeted to a 34-year low of 160 to the dollar, adding to its hefty fall against the greenback over the past three years.
Following that, Vince explores the relationship between bitcoin and gold, noting that bitcoin cannot replace gold as a hedge against inflation or uncertainty. Concurrently, he acknowledges the limited exposure of asset managers to gold and silver, suggesting substantial growth opportunities with increased allocation to precious metals.
Looking at CPI for the 30 years from 1989 to 2019, the average annual inflation rate was 2.5%. The Federal Open Market Committee, the arm of the US central bank that makes decisions about managing the nation's money supply, targets a 2% inflation rate over time.
Meanwhile, Vince Lanci underscores his earlier prediction regarding the inevitable rise in inflation targets. He anticipates adjustments to these targets to align with increased spending levels, foreseeing inflation rates of three to four percent amid efforts to maintain low unemployment. The US inflation rate is 3.5% for the 12 months leading up to March 2024. The rate of inflation was up 0.4% in March from the previous month, according to the latest release from the Bureau of Labor Statistics.

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