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good article but it sort of makes my earlier point which is gold longs disagree about impending inflation wave coming that virtually every stock bull embraces with ' get out of bubble UST and buy growth stocks ' .... gold is now down 10% off August highs despite talk about https://twitter.com/MarquisDeMarche/status/1347579259510992897
looming inflation rampant in the markets ..... Fed govs who predicted 2% inflation since 2010 and missed it every year now talking about 2.5% inflation soon and how that will be a good thing .... yet gold wobbles of late ..... my model says
gold needs 1 of 3 events to happen to
gold needs 1 of 3 events to happen to
move materially
1) serious financial stress in global banking system
2) serious move higher or lower vs LT averages of USD
3) serious move in inflation expectations
my reason for buying some gold is #2 which if material enough causes #3
the markets are clearly
1) serious financial stress in global banking system
2) serious move higher or lower vs LT averages of USD
3) serious move in inflation expectations
my reason for buying some gold is #2 which if material enough causes #3
the markets are clearly
embracing #3 currently in terms of long UST action of late
but gold longs are having none of it ... at least to degree its material to gold .
i also have a problem with the Street view that Americans are loaded up with cash and ready to go crazy on a spending boom in a few
but gold longs are having none of it ... at least to degree its material to gold .
i also have a problem with the Street view that Americans are loaded up with cash and ready to go crazy on a spending boom in a few
months as stocks have priced in ...... not everybody is sitting at home long BitCoin and TSLA and instant millionaires .... atleast in the bottom 2/3 of the economy
only other possibility is some country is selling alot of gold . plenty of stress in sovereign balance sheets
only other possibility is some country is selling alot of gold . plenty of stress in sovereign balance sheets
bailing out citizens ordered home / ordered to close their business .... with gold hitting record highs at same time , sure would not surprise me if it happened somewhere (s)
i'm still a believer USD goes substantially lower as our debt growth explodes and at same time we
i'm still a believer USD goes substantially lower as our debt growth explodes and at same time we
China , Russia , Iran and others telling others that USA is rotted and over and has no common sense about debt and spending and doomed . That we elected Democrats even as they embrace rioting & looting & destroying business around USA only helps China story to rest of world
