Maharrey explains that the government changed the methodology used to calculate the CPI during the 1990s because officials believed the existing approach overstated inflation.
Gold and silver are firmly in correction, while doing excellent work to refresh for the next bull market rally. Technically, critical support levels are being tested.
Morgan Stanley commodities strategist Amy Gower said gold’s ability to hold $4,000 per ounce despite rising yields shows this demand factor is at work.
Brien Lundin joined me to talk about what’s happening, and why there’s a rapidly increasing chance that the next 25 years in the gold market look incredibly similar to the last 25 years.
The surging gold price likely factored into slowing central bank gold accumulation. As the World Gold Council put it, the higher price prompted “a more cautious approach.”
MKS PAMP metals specialist Nicky Shiels told Reuters the “debasement and de-dollarization” premium has risen from about $120 an ounce before 2022 to an average of more than $1,000.
