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Gold Price Not 100% About Real Rates. But Close - Adrian Ash - Bullion Vault

Nice piece! One of the things seldom mentioned in why gold is up and the USD is down is the driver for both is fear. Fear of an economic dip, wars, diplomatic missteps, etc. The economy seems to befuddle economists. Unemployment is weakening yet there is no inflation to warrant the Fed increasing the interest rates. But where's the liquidity to cause that anticipated inflation? All those newly hired are making far less than the pre-recession averages while being far more in debt. The consumers' liquidity is flowing into the financial market to cover the debts, not into new cars or appliances. And it is the financial market that is pushing the stock market higher, not individual investors. The recent Beige Book report shows corporations are taking a hit to their profit margins, and the auto makers are selling almost 4% fewer cars this year so far. These are warning signs that not all is well with consumers. Those that do have money, wisely buying into gold and foreign currencies, push those prices up. How much further will gold go? We'll see when that long-overdue "next" downturn takes place.

Commented 2415 days ago

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Beginning of the headline :Nor 100% about the Dollar. Just in time for Goldman Sachs to catch on... NICE to see Goldman Sachs spotting what matters 3 months late. "It is tempting to blame the rally in gold prices on recent events in North Korea," says a note from the US investment bank's commodities team under Jeffrey Currie... Read More

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