Leading the charge is a surge of fundamentally bullish factors such as plunging real interest rates, dovish Fed policy, and surging inflation. The next target for price remains $2000 by sometime in early July..
Janet Yellen, the U.S. Treasury Secretary and former Chair of the Federal Reserve created a kerfuffle this week musing on interest rates. It was fortunately short lived. But we look at that, inflation and the massive monetary inflation and try to make sense of what it all means.
Billionaire investor Sam Zell is also now buying gold, despite decades of criticizing those who purchase it, reports ETF Trends. Zell says it is because these monetary policies may create inflation like the 1970s and gold could be a hedge.