A lot of investors are using the liquidity of their gold holdings to raise cash to navigate the volatility in the markets. However, a specific headline seemed to spark the recent sell-off.
Maharrey notes that traditional safe havens are no longer behaving as expected. In their place, gold is emerging as the primary refuge during economic and geopolitical instability.
UBS analysts remain bullish on gold, forecasting the price to rise to between $5,900-$6,200 by the end of the year, “as the key drivers underpinning its strong rally remain in place.”
Despite the bullish arguments for gold and silver relating to currency destruction that remain in force, they are likely to get caught up temporarily in a maelstrom of mass liquidation...
Oil is being driven by geopolitics and war. That is not inflation. Inflation was cutting interest rates and manipulating bond markets in service to money printing and liquidity.
These failed measures are increasingly recognized as unwise policy that harms free-market competition, involves a large new government program, and serves only narrow vendor interests.
The toll is likely far worse than they are telling us. US military facilities in the region are damaged, with billions of dollars in radar and other equipment destroyed.
