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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (115132)	6/21/2021 4:31:58 PM
From: Rarebird	Read Replies (1) \| Respond to of 116752

<< Gold tends to rally when real interest rates are declining. Gold does very well when real interest rates are negative. Gold declines when real interest rates are rising. >> Agreed. I have been hammering home these points over the past year here. Yes, the Fed will taper and raise interest rates unless the economy suffers another swoon or severe set back. There is no need to keep rates this low with the stock market at all time highs and the economy recovering strongly. The bearish case comes into play if the Fed does not taper and raise rates. Of course, there is always the risk that the Fed goes to far, causing a recession. The gold bugs think the POG and the Miners can rally if the Fed tapers and raises rates since inflation will get out of hand. My argument is that inflation is already out of hand and the POG is over $300 off its August 2020 highs. The Fed does prefer to not be a factor during a Presidential election year. But that does not apply to Midterm elections. Plus, almost all the Fed members have been appointed by Trump. After the way Trump viciously attacked Powell, I am sure the latter is no big fan of Trump.