The S&P and Nasdaq hit record highs last week, a surreal milestone that only the Wall Street toadies at Bloomberg and the Wall Street Journal, who fabricate the news, could take seriously.
Barring anything untoward (i.e. renewed geo-political jitters, an equity market collapse, the inevitable loss of confidence in the financial system), we shan’t be surprised to find Gold working lower. One can buy Gold’s dip to stay financially fit!
A slower growth, Muddle Through world over the last 25 years has still seen the US grow significantly and create massive new opportunities and whole industries, as well as hundreds of thousands of small businesses. Free markets work.
President Trump’s latest bashing of Fed Chair Powell isn’t without precedent. Chair Powell was the object of President Trump’s scorn during his first term, too.
Just days ago, the Israel-Iran ceasefire held firm, despite last-minute hostilities. In most markets, that kind of stability would send gold prices lower. But it didn’t.
While Citigroup predicts gold could fall below $3,000 an oz by year’s end, Maharrey warns investors are ignoring the deeper structural forces that continue to fuel demand for real money.
