Americans also have the threat of violations of their rights by hackers. The government has a poor track record of protecting the data of US citizens.
The U.S. dollar has fallen sharply since the start of the year, which has boosted commodity prices, especially metals like gold and silver, due to their inverse relationship.
The Gold/SPX chart above advises that there is a very long way to go in this new macro, inevitable gold price corrections included. “Price” is not value.
Gold’s record run has been nothing short of astounding, and it appears the bulls have plenty of strength left in them.
Recently, Powell has targeted tariffs as a variable that could hamper the Fed’s ability to accomplish its objectives and fulfill its responsibilities.
Gold went vertical from this point, roughly the $3200 level, and the market just shot to the upside—and it's rather dramatic.
