Predictably, after the gold price has been pushed down in the paper market by the Western central banks -- primarily the Federal Reserve -- negative propaganda to outright fake news proliferates.
The latest smear-job comes from London-based Capital Economics by way of Kitco.com. Some "analyst" -- Simona Gambarini -- with the job title of "commodity economist," reports that "gold's luck has run out" with the 25-basis-point nudge in rates by the Fed. She further explains that her predicted two more rate hikes will cause even more money to leave the gold market.
Hmmm. ... If Gambarini were a true economist, she would have conducted enough research of interest rates to know that every cycle in which the Fed raises the Fed Funds rate is accompanied by a rise in the price of gold. This is because the market perceives the Fed to be "behind the curve" on rising inflation, something to which several Fed heads have alluded. ...
... For the remainder of the report:
http://investmentresearchdynamics.com/anti-go...anda-flares-up/
