The Maven Letter: 21 December 2023

It’s been a tough year. But I think things might now be shifting. The Fed plans to cut rates several times next year. That removes the pressure that has stopped gold from gaining. Meanwhile, gold’s biggest support – central bank buying – continues unabated. It all creates potential for a good year in gold in 2024. If rate cuts work and the economy starts expanding again without a recession first, investors could also start to care about base metals in 2024. I write about all of that in today’s 2024 Outlook article, which also includes top picks for the year for gold, base metals, and uranium.