Known benevolently as “FRED” (Federal Reserve Economic Data), its latest accounting found “M2” to have increased across a four-week stint from $22.879T to $23.063T (an additional +0.8%). This in turn upped Gold’s Fair Value...
Ira Epstein discusses the metal markets in his wrap-up, focusing on the market's reaction to hot PCE numbers, which did not lead to a significant downturn.
It seems as though gold, silver, and the mining stock ETF GDX are setting up to drop to lower lows in this correction, which should complete this correction that began in January.
Ira Epstein discusses the recent downturn in the metal markets, attributing it to the end of war-related inflation and hawkish signals from the Federal Reserve.
More central banks than ever expect to increase their gold reserves, a sign that one of the key forces behind bullion’s record-breaking rally remains intact despite this year’s pullback.
