Those wishing to escape Schiff's "twilight zone" and discover the explanation for gold's failure to reflect soaring inflation can visit GATA's internet site for a comprehensive summary..
Gold is really out of favor after suffering several sharp selloffs in recent months on Fed-tightening fears. Speculators trading leveraged gold futures have been mostly short selling, while investors..
Even if inflation is here to stay, we are not going to see the Fed (or other advanced economies) central banks raise interest rates in the manner of the late 1970s. Why? Because central banks are trapped..
This combination of too many dollars chasing too few goods is a classic formula for inflation, and on a rolling average basis we have indeed experienced the highest rates of inflation this past spring and summer that we have seen in the last forty years.
Milton Friedman was wrong. Inflation is not always and everywhere a monetary phenomenon. Useless ingredients are the unnamed force behind the UK's Energy Crisis.
But I'll remind you again that no uptrend goes to infinity and no downtrend goes to zero. So, EVENTUALLY, the current downtrend in precious metals prices will end and things will turn up again.
With inflation already scorching hot and rising still, it appears our leaders want to do all they can to make shortages worse and push money-printing higher with multi-trillion-dollar..
That’s exactly what happened in the late 1970s, with gold and silver embarking on epic bull markets. The economic, political, and monetary pressures in place today may be leading up to a repeat.
