SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.23+3.7%Nov 28 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Rarebird who wrote (116177)6/6/2024 8:39:09 AM
From: Real Man1 Recommendation

Recommended By
Rarebird

  Read Replies (1) of 116788
 
I think this is more like a one time event inflation due to Covid supply shocks than 1970s type. US inflation in
1947 was 20%, yet gold was stable (of course). You can see it in Japan. Nearly half a century of printing
and inflation is still low. But I agree, gold could break ath and move higher. I think the ECB said something like they use a different measure of inflation, and according to then US is already below 2%. I am game with your Spx crash scenario, but the likes of Peter Schiff have been bearish and wrong since the GFC. The DNC is in bed with Wall Street, so Yellen with throw the bath tub with the kitchen sink to keep this market up until early November.

There isn’t much to write home about in CRB index. It can change of course but so far all printed dollars are chasing assets while commodities languish. The index went up to the higher end of its long term range, off a major Covid low established in 2020.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News