The catalyst for the rise in gold and the decline in the US Dollar I believe was the dovish speech given by Jerome Powell in Jackson Hole. (...) Remember we've got a lot of people who are short gold. Now for the first time since 2001 the hedge funds are net short gold and I think they can get caught in a losing trade and have to scramble to buy back the gold that they sold.
- Markets: Currency Crisis
- Are US Treasuries A Good Investment Right Now?
- Markets: New Highs, Fed Narrative
- Powell Is Going To Let The Inflation Genie Out Of ...
- Hedge Funds Are Net Short Gold
- A New Crisis Is Coming
- We Are Headed Into a Massive Recession
- Trump Criticizes The Federal Reserve
- The Weak Dollar Policy
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