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IPFS News Link • Gold and Silver

Gold Is Getting Monkey-Hammered!

• https://www.zerohedge.com, by Tyler Durden

This is the lowest in 8 months...

As real yields surge...

When will people stop selling gold and silver and realize that rising inflation is not a one-time threat that the Fed will stomp out by raising rates and tightening monetary policy? Peter Schiff explains:

"They [The Fed] are going to do nothing. The dollar is going to collapse, which is the mother of all tailwinds for gold. And so, at some point, it's going to happen. But in the meantime, they're simply creating more buying opportunities for people who have been really slow to pull the trigger on getting their precious metals, getting their mining stocks."

In effect, Powell this week was telling the market, "Don't worry, we won't be tightening monetary policy for years." This despite the fact that the commodity markets are screaming inflation. Oil, industrial metals, grains, beans – they are all making big gains. The only thing that's not catching a bid is gold.

"For some reason, people are still thinking that rising interest rates are bad for gold and silver, but they're bullish for everything else. But the reality is — they're not. They're more bullish for gold and silver than any of these other commodities... In fact, here is the reality that nobody wants to acknowledge: as interest rates are moving up, rather than raising rates and reducing the size of its QE program, it is going to increase the size of its QE program."

Silver is also getting clubbed like a baby seal, back to pre-Reddit-Raiders' levels...


http://www.thelibertyadvisor.com/declare