The power of the central bank to print money and to purchases assets at will has created a new paradigm of selecting which companies should be saved and which should fail.
I still beg to differ with those who say the plunge from a positive 6.9% GDP growth rate in the last quarter of 2021 to minus 1.4% in the first quarter of 2022 is just noise.
Nothing is going to stop this grand economic collapse from happening. All you can do is protect yourself in the limited ways available and just ready yourself mentally for facing it.
For now, just be aware that there continue to be malevolent forces that manage and manipulate the COMEX gold price, primarily for their own profit. This monthly TAS abuse is simply the latest weapon they've put in their arsenal.
On the daily chart of gold we note that our ‘best’ downside support target of 1830 was taken out. We had an extensive update on gold with daily through long-term views, and the relic ain’t dead yet.
That’s an ominous note for inflation. It means consumer prices could stay higher for longer as companies try to recover their own higher costs and lost profits.
