Paris is burning. Texas is burning. Canada is burning. But Ukraine is cooling while Prigozhin is chilling. The economy is hot and cold. Housing is running the AC and furnace at the same time.
De-dollarization is here, and it’s boosting gold bug morale in a major way. My suggestion is to follow the Indian gold bug lead: Nibble now… and enjoy higher prices very soon!
Expectations for a radically higher gold price that is not tied directly to the loss of purchasing power in the U.S. dollar are unrealistic and fundamentally unsound.
Silver had been firming up better than Gold of late only to now negatively rotate. Just two weeks back, the Gold/Silver ratio was 81.0x; today ’tis 86.0x.
Fed Chair Jerome Powell says it again, and this time the bulls appear to be listening: The Federal Reserve is not done hiking interest rates. Fed members expect another 0.50% rise in interest by the end of the year.
