Gold’s young upleg has so far mostly been fueled by stage-one gold-futures short covering, which still isn’t finished. The great majority of bigger stage-two gold-futures long buying is still coming.
Gold was higher in all currencies in 2022 and outperformed stocks, bonds, crypto and bitcoin in a significant way as investors fled risk assets and again sought shelter in gold and silver bullion.
Anyone who has decided to buy gold, or follows the gold price will be aware of how powerful the US Federal Reserve is. This year the Federal Reserve will turn 110 years..
Gold ended 2022 at $1,825 per ounce, so let’s see where some analysts forecast it goes this year. These are predictions I gathered from analysts both inside..
When several of the big money-driving voices in financial media and major financial institutions start saying the same thing I am, I start to wonder about myself.
As we will explore in Part 2 of this analysis, Paul Volcker did finally crush inflation and how he did so is through taking measures so extreme that they are far beyond anything that is being discussed today.
