Pretty good article…
On the quantitative tightening headed our way via the Fed. Don’t agree with all his conclusions, but he is the uber gold bull after all. I think he is dead on about the general stock market. Anyway – food for thought.
On the quantitative tightening headed our way via the Fed. Don’t agree with all his conclusions, but he is the uber gold bull after all. I think he is dead on about the general stock market. Anyway – food for thought.
The author from my point of view is a Gold Perma Bull but the Fed QT is going to raise Bond rates IMO. Who is going to buy these junk bonds at 2.25% the USD has lost 10% of it’s value already this year and they want me to buy these Bonds – Nope! Real interest rates have too be going up how will Gold do? Not sure but I would rather own Gold than any of this paper. I keep asking myself at what yield would I consider buying a US Bond…..
Good point Red Label. Real Interest rates are the ultimate driver of Gold ( as Jordan often points out)
So if Nominal rates are rising but Inflation is benign, then real rates are rising ( not Gold Friendly)
Anyhow its an interesting discussion….but this is academic / fundamental stuff . Watch the charts. Its ALL in the charts
Nice article, thanks