Oct 8, 2021
Yields Are Rising Due To Higher Inflation
Rising nominal bond yields continue to weigh on gold, even though yields are rising due to higher inflation, not stronger economic growth. In fact, nominal yields are rising more slowly than inflation, so real yields are actually collapsing. This is extremely bullish for gold!
Oct 7, 2021
The Rise In Oil Prices Is Just Starting!
The price of crude oil is closing in on $80 barrel, trading above $79 for the first time in 7 years. But if you look at a chart this move is only just getting started. The parabolic move higher likely won't kick in until we take out $150 per barrel. That might happen as soon as 2022.
Growth Is Slowing Rapidly
Yesterday the Atlanta Fed slashed its forecast for Q3 GDP from 2.3 percent to 1.3 percent. Back in June its forecast for Q3 growth exceeded 7 percent! Growth is slowing rapidly just as consumer prices are rising substantially. Stagflation is already a reality. I dare the Federal Reserve to taper. Buy gold!
Subscribe to:
Posts (Atom)