Be Ready! Gold and Silver Prices Will Double Overnight When This Happens - Rafi Farber

The Fed will continue to print 30 billion US dollars till March. The target rate is now 0.25 percent. The Fed under Jerome Powell has fired the worst inflation since the 1970s great inflation, which came after the collapse of the Bretton Woods gold peg.
Gold outperformed most traded commodities in the current year in international markets, with prospects for the next year also looking firm. We anticipate gold to witness fresh all-time highs in 2024, with 2,250 dollars still achievable in the first half of 2024.
Global financial analyst Rafi Farber predicts a crisis with rapid money printing, anticipating a swift rise in gold and silver prices, possibly in March. The M2 money supply measure has increased slightly since April 2023. In addition, the Monetary Base, consisting of bank reserves and currency in circulation, has increased over 7% since March 2023. This is the primary reason why the price of gold ran from 1,825 dollars in March to 2,070 dollars by year-end 2023.
However, Rafi highlights the gold to GNX ratio, signaling gold outperformance. While he notes a short-term struggle in gold and silver, attributing them to a broader commodity trend. Indeed, gold rose by a hefty 15 percent across 2023 to hit a final trading-day record of 2,078 dollars per ounce on December 28, positioning it near the top of the year’s best-performing assets. Earlier this month, the bullion reached an all-time intra-day high of 2,135 dollars, stating a strong bullish trend. Many anticipate this momentum to persist through much of 2024.
Despite higher metal prices, Rafi notes decreasing SLV and GLD Holdings, indicating waning interest in paper markets. He also highlights dwindling paper gold interest near all-time highs. The current volatility for SPDR Gold Trust GLD is 2.87%, while SLV has a volatility of 4.62%. This indicates that GLD experiences smaller price fluctuations and is considered to be less risky than SLV based on this measure.
Rafi Farber pointed to the Fed debate on banking reserves, noting a 1.6 trillion dollar drop in reverse repos since May 2023. Despite expectations, the money supply is falling, raising questions about the missing funds. If these dynamics persist in the months ahead, Overnight Reverse Repo take-up may continue to decrease. Such a steady decline would be consistent with that observed in early 2018 when investment at the ON RRP gradually disappeared as the Fed continued to normalize the size of its balance sheet and reserves in the banking system became less abundant.
He mentioned John Williams backing the current QT pace, as Chris Waller downplays the significance of the reverse repo facility's contents, indicating a split in official opinions. John Williams, president of the Federal Reserve Bank of New York, said in a speech Wednesday that he doesn't expect the central bank's quantitative tightening efforts to slow down any time soon, citing ample reserves in the banking system and continued activity in the Fed's overnight repurchase facility.

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