Adding to this, gold is stepping into its prime seasonal period. Ole Hansen, head of commodity strategy at Saxo Bank, highlighted in his recent gold report that over the last six years, December has seen an average 4% return for gold prices and an average 7.25% return for silver prices.

While there’s a fair amount of positivity in the market, there are potential risks to consider, such as the cease-fire between Israel and Hamas, which could reduce the safe-haven appeal of gold. Ultimately, the precious metals’ fate remains tied to the decisions of the Federal Reserve.

This past week, the minutes from the November monetary policy meeting revealed the central bank’s steadfast commitment to combatting inflation. The Federal Reserve signaled its intent to uphold its restrictive monetary policy for the foreseeable future.

Many economists believe that investors won’t feel confident about reentering the gold market until there’s a clear signal that the Federal Reserve is ready to ease interest rates.

While gold might seem like a stagnant trade, other commodities are experiencing significant momentum. Uranium, in particular, has gained attention as prices soar to $80 an ounce.

The surge in uranium has propelled the Sprott Physical Uranium Trust (TSX: U.UN, U.U) to a notable milestone, surpassing $5 billion in assets under management (AUM). John Ciampaglia, Chief Executive Officer of Sprott Asset Management, highlighted that there’s still substantial potential for this “other yellow metal.”

He emphasized that prices need to rise further to incentivize enough supply to meet future demand, estimating a requirement of 1.5 billion pounds of uranium to fulfill market needs.

For those looking closer to home, platinum is a metal worth keeping an eye on. According to the World Platinum Investment Council’s third-quarter trends report, demand is expected to drive a nearly 1.1-million-ounce market deficit.

The report noted that platinum witnessed record industrial demand in the third quarter, particularly in fiberglass manufacturing. The wind power sector, utilizing platinum-based glass fibers for lighter and more efficient rotor blades, contributed significantly to this demand surge.

Despite struggling through much of 2023, platinum is anticipated to find solid support due to the growing demand generating a market deficit this year and the next, according to the WPIC.

Article generated from corporate media reports.

Weaker-than-expected harvest seasons and other manufacturing challenges have hit the biggest food companies in the country really hard throughout the year. And now, many retailers are already reporting inventory holes at a time when they should be receiving more supplies to prepare for the all-important holiday season.

For example, Americans might have to go out of their way to find asparagus for their holiday recipes next month. Michigan, California, and New Jersey reported an 11% reduction in the number of asparagus crops planted this year, and farmers also cited losses caused by fungus and beetles during the harvest season.

While more people will be looking for the veggie at big-box stores in the weeks ahead, retailers won’t likely be able to fulfill the entire demand. At local farmers’ markets, prices can be higher this season, but you’ll have greater chances of getting what you need for the perfect holiday dinner.

Similarly, flour, butter, shortenings, and oils are not only costing more but also becoming more scarce at grocery stores in 2023. The worldwide shortage of grains has been pushing the production of flour and vegetable oils down since 2022. Meanwhile, dairy products are being impacted by higher cow slaughter this year. And now that seasonal demand for baking supplies is about to grow home and professional bakers might have to fight for the available supply, according to Bloomberg. With holiday celebrations about a month away, many bakers have already started stocking up on the ingredients they’ll need. Those who haven’t yet should start making preparations now because many products may be sold out over the next couple of weeks.

You also might have heard about the massive decline in U.S. cattle production this year. A historic drought, rising fuel, and feed costs, as well as labor shortages, have all combined to create a perfect storm for the nation’s ranchers. Prices are expected to soar, too. According to the USDA, they are likely to double from a year ago levels.

The best cuts, including filet mignon and ribeye, will not only face even bigger price increases but also become harder to find, given that this year’s beef cows were much smaller than usual, and produced less meat. If you haven’t purchased steak for your holiday celebrations yet, don’t wait too long because you may struggle to get what you want.

Weather emergencies, supply chain disruptions, and an ongoing freight market crisis will exacerbate shortages and prevent retailers from restocking their shelves over the next weeks and months. Don’t wait until the last minute to search for the products you will need because you might end up paying a lot more than you would if you had prepared sooner. The holiday shopping frenzy has only just begun, and we should brace for a whole lot of chaos at U.S. stores next month.

In this video, we tracked the new product shortages that are about to hit the U.S. market in December and beyond so you can stay ahead of the shortages and get ready for the dark winter that is ahead of us.

The List

• Baking Supplies
• Asparagus
• Antibiotics
• Maple Syrup
• Dijon Mustard
• Baby Formula Mix
• Salmon
• Lentils
• Vanilla
• Mango
• High-Quality Beef Cuts
• Winter Clothing
• Grapes
• Pet Food
• Sweet Potatoes

Normally, U.S. consumers have an insatiable appetite for cheap plastic goods from China.

But now something has changed.

According to CNBC, manufacturing orders from China have fallen by a whopping 40 percent, and as a result many Chinese factories will be closing much earlier in January than usual…

U.S. manufacturing orders in China are down 40 percent, according to the latest CNBC Supply Chain Heat Map data. As a result of the decrease in orders, Worldwide Logistics tells CNBC it is expecting Chinese factories to shut down two weeks earlier than usual for the Chinese Lunar New Year — Chinese New Year’s Eve falls on Jan. 21 next year. The seven days after the holiday are considered a national holiday.

“Many of the manufacturers will be closed in early January for the holiday, which is much earlier than last year,” Monaghan said.

As with so many other numbers that we have been getting lately, there is no way to possibly spin this to make it look good.

What we are facing is truly “a collapse in demand”, and as a result container freight rates are absolutely plummeting…

Carriers have been executing on an active capacity management strategy by announcing more blank sailings and suspending services to balance supply with demand. “The unrelenting decline in container freight rates from Asia, caused by a collapse in demand, is compelling ocean carriers to blank more sailings than ever before as vessel utilization hits new lows,” said Joe Monaghan, CEO of Worldwide Logistics Group.

The bottom line is that U.S. consumers are simply not buying as much stuff as retailers originally anticipated.

And survey after survey has shown that Americans plan to spend less during the holiday season this year.  Here is just one recent example…

Inflation is weighing heavily on the holidays this year.

Roughly half of shoppers will buy fewer things due to higher prices, and more than one-third said they will rely on coupons to cut down on the cost, according to a recent survey of more than 1,000 adults by RetailMeNot.

Of course consumers over in western Europe are suffering right now as well.

In fact, economic conditions are deteriorating even faster over there.

If you can believe it, one recent survey found that approximately two-thirds of all adults in the UK “are worried that they will not be able to afford Christmas dinner”…

Two-thirds of adults are worried that they will not be able to afford Christmas dinner, according to a survey.

The survey, commissioned by the Salvation Army, calculated the cost of Christmas dinner at £7.50 per head but – as the price of food is continuing to rise – the cost has increased since the survey was carried out on 22 October.

All over the western world, we are facing an unprecedented cost of living crisis.

Inflation has been rising much faster than our paychecks have, and that is causing a tremendous amount of financial pain.

Meanwhile, a lot of people have seen the value of their investments go down substantially over the past 12 months.

I really feel badly for those that were heavily invested in crypto.  There are many tokens that have “lost more than 70% of their value”, and the collapse of FTX has raised questions “about whether crypto has a future”…

Already reeling from the so-called crypto winter, investors were dealt a major blow with the high-profile collapse of Sam Bankman-Fried’s FTX exchange in early November, which sent Bitcoin tumbling. To top it off, BlackRock Chief Executive Larry Fink said this week that he expects most crypto companies will fold after FTX’s demise. A Schwab index tracking crypto-linked stocks is coming off its worst month since June, and is down 63% this year.

“Questions about whether crypto has a future have become prevalent after a year during which many tokens lost more than 70% of their value and the collapse of FTX has exacerbated a crisis of confidence that had started in the spring,” said Mark Palmer, an analyst at BTIG LLC.

At the same time, home values have been falling and falling.

As I have covered in previous articles, U.S. homeowners lost a record high 1.3 trillion dollars in home equity during the third quarter alone.

But at least the latest employment number that the government gave us was good, right?

Actually, it wasn’t so good.  It turns out that the Household and Establishment surveys are telling two completely different stories.  Zero Hedge has posted an absolutely outstanding article that breaks this down in great detail…

Recall that back in August, September, and October we showed that a stark divergence had opened between the Household and Establishment surveys that comprise the monthly jobs report, and since March the former has been stagnant while the latter has been rising every single month. In addition to that, full-time jobs were plunging while part-time jobs were surging and the number of multiple-jobholders soared.

Fast forward to today when the inconsistencies not only continue to grow, but have become  downright grotesque.

I would encourage you to read the entire article.  Since March, the gap between the Household and Establishment surveys has ballooned to nearly 2.7 million workers, and some are suggesting that this is being done for political purposes…

What is even more perplexing, is that despite the continued rise in nonfarm payrolls, the Household survey continues to telegraph growing weakness, and as of Nov 30, the gap that opened in March has since grown to a whopping 2.7 million “workers” which may or may not exist anywhere besides the spreadsheet model of some BLS (or is that BLM) political activist.

Of course the truth is that the employment market is not in good shape.

According to Challenger, Gray & Christmas, the number of layoffs in November 2022 was 417 percent higher than it was in November 2021.

A tsunami of layoffs has begun, and I expect to see a whole lot more in the months ahead.

So it is quite likely that this will be a really gloomy month, but I expect that 2023 will be even gloomier.

Editor’s Note: For years, I ignored calls for people to buy precious metals. I took it so far as to deny precious metals sponsors because I didn’t believe in them. After all, during the Trump years the stock market was soaring and precious metals, while performing well, didn’t seem like a prudent choice for investments. Things have clearly changed.

I am now sounding the alarm bells. Every American with wealth or retirement to protect MUST consider moving large portions of it them to precious metals while that’s still doable. To do so, they should work with companies who are not working against America’s best interests. Of the many precious metals companies that I vetted out, I found that the vast majority are working with and donating to the Democrat Party. Many are working with proxies of the Chinese Communist Party. Some are even working with globalists like George Soros and Klaus Schwab. It truly shocked me to find that many “conservative” show hosts and websites were promoting companies who are using their profits to take down our nation.

I have selected three companies who truly qualify as America First. These companies are all listed on my Gold page. Unintentionally, it turned out that one is small, one is medium, and one is large. That’s just how it worked out, but I appreciate that it did because I believe it gives Americans the choices they need to work with companies who can send them physical precious metals and/or help them open self-directed IRAs backed by physical precious metals. There are other options, but those two are the ones I recommend, not as a financial advisor but as someone concerned about the direction of our nation and the course our economy is heading.

Check them out.

***It is finally here! Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending copies as gifts to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.

I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.

I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is definitely a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to invite Jesus Christ to be your Lord and Savior today.

Article cross-posted from The Economic Collapse Blog.