Maharrey uses the forecasting chaos as a metaphor. Weather is hard to predict in real time because small shifts change outcomes, and he argues markets and the economy work the same way.
The confidence level has been in its recession zone all year. Now it has landed in the ruins of a burned-out basement. Real inflation, tariffs, and trade were high on everyone’s minds.
For years, the documentation of Western gold price suppression policy and its purposes has been repeatedly supplied to the Financial Times and other financial news organizations...
Gold has repeatedly pulled back, found buyers quickly, and rebuilt from higher bases, which is typical of long-term allocation rather than speculative excess.
Allowing a secretive central bank to control interest rates and the money supply is the reason the purchasing power of the dollar has vastly declined...
A “substantial share” of central banks expressed concern about potential sanctions after the U.S. and other Western countries froze almost half of Russia’s $650 billion gold...
Because of his widespread fame, the left can say, “Even Hayek supports the welfare state,” as if you would have to be a right-wing extremist to favor getting rid of the welfare state.
BofA’s Head of Metals Research, Michael Widmer, indicated he thought gold would become a key asset in investment portfolios this year: “Gold continues to stand out as a hedge and alpha source.”
