Making such an absolute statement may sound bold; even arrogant to some. There is, however, perfectly sound fundamental reasoning underlying the claim. So before you dismiss it out of hand, hear me out.
Over the past couple of months, since the posting of my article Gold Charts - $1450 the price of gold has done nothing to indicate a change in direction or reversal of any consequence.
Question No. 1. What’s wrong with gold? Question No. 2. Inflation is roaring and gold is dropping in price. Since gold is an inflation hedge, why isn’t its price going up?
When the gold price declines or doesn’t go up according to expectations, analysts and investors begin looking for explanations. As the price drops further, claims are made that gold is undervalued.
Inflation is the primary game plan of governments and central banks. Its effects have left their mark on societies throughout history. As the effects of inflation continue to dominate headlines, financial and economic activity is...
When the gold price peaked at $2058 oz. in August 2020 it reflected a full ninety-nine percent loss in U.S. dollar purchasing power over the past century. The gold price has not been any higher since then.
Everyone has an opinion as to what something is worth, whether the object of consideration is their home, a late grandfather’s pocket watch, or a specific stock. The price of a specific item or asset at any given time is a reflection of...
Financial writers and gold bulls have both taken their turn at referring to a potential recession as having a positive impact on gold prices. The commentary varies somewhat, but here are a few examples…
According to the charts we have viewed in this article... Gold appears to have broken below short and mid-term support. Possible slowing of gold price descent could come somewhere between $1500-1600 oz. Longer-term support for gold could...
Before we talk about asset price deflation, let’s review what happened before 2022. Most financial assets benefited enormously from the Fed’s hugely gratuitous efforts to support, sustain and reinflate prices after the 2020 collapse and...