As a matter of fact, things could not be looking worse so far for my “anticipation” that we’d likely see a “horrendous” October surprise to start the plunge..
Yellen notes that the supply of Treasury debt has climbed by about $7 trillion since the end of 2019, but large financial institutions haven’t stepped up as purchasers.
There are also times when the price of gold can go down, sometimes dramatically so; and for long periods. This has nothing to do with gold and everything to do with the U.S. dollar.
Gold is behaving terribly this year, plunging 17.9% between mid-April to late September! That has left even hardened contrarian traders disheartened, increasingly wondering if gold is dead.
The fire-sale prices in stocks are not here yet, given all the problems in store, but when the cost of government interest gets to where the Biden Administration (like Trump), and especially congress, starts maximizing Powell pressure to lower rates..
We discuss his recent comments regarding Gold and Silver, where he says there is "Blood in the Streets." Furthermore, we talk about CPI numbers, inflation, Gold heading east, the Housing Market, and more.
