The gold sector is experiencing an unprecedented cash flush. Rather than drilling, majors are utilizing their high stock valuations to swallow tier-one mid-caps.
China's once again starting to import a staggering amount of gold, but while they're doing that, back in the West, the U.S. debt crisis is entering a new level of concern.
Doshi said State Street’s base-case gold forecast is now $4,700 to $5,000 an ounce by early this winter. A dovish Fed shift or a macroeconomic shock could put $5,000 in play even faster.
Since its inception in 1913, the Federal Reserve has inflated away more than 99% of the U.S. dollar’s purchasing power via fractional reserve/no reserve banking.
One could certainly argue that sanctions are a necessary foreign policy tool. However, as with any policy, it’s important to count the cost and anticipate potential blowback.
President Trump claims the 5,000 dollars payments can be financed with tariff revenue. The truth is that the government has not collected nearly enough tariff revenue to finance them.
What is a dutiful Fed person to do? Apparently, deliver a token quarter-point hike and hope like hell the economy can hold together long enough for oil prices to ease...
Powell said an investor owning physical gold is effectively positioned against what he views as a massive, uncovered short position created by the paper gold system.
