Monthly Macro (12/1/2024)

(Top Section of the GSD Newsletter)

Nov 30th (Previous Month) — Targets (next cycle low/hi, then 2025 year-end)

AU: $2649 ($2747) — $2300 to $2400, then $3400.

AG: $30.59 ($32.71) — $26 to $27, then $55.

HUI: 301 (321) — 265 to 275, then 600.

DXY: 105.7 (103.8) — 106-107, then 95.

S&P: 6032 (5705) — 6200 to 6300, then 4000.

10-Yr: 4.2 (4.28%) — 3.8% to 4%, then 4.5%.

Oil: $68 ($70) — $50 to $55,…