IPFS News Link • Gold and Silver
Gold's Surge Is A Message: Central Banks Are Out Of Control, Not Inflation
• https://www.zerohedge.comGold blasted through the $1500 level this week. Let's analyze the message. Here's a hint: The message isn't inflation.
The above chart is and end-of-day chart from yesterday. Gold closed at $1484.
At 11:30 AM Central, gold was at $1520, up $36 on the day.
Gold vs Copper
What's the Message?
Stephanie Pomboy at Macro Mavens nails it.
at the risk of piling-on,the canary in the financial crisis coalmine has been singing loudly. the relationship btw the metallic barometer of financial insecurity (gold) and the metallic barometer of economic activity (copper) has been a reliable predictor of trouble in the past. pic.twitter.com/K6rjNSpRcB
— steph pomboy (@spomboy) August 7, 2019
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