Could the price of gold really hit $48,000? Plus expect more hairy 1970s-style inflation.

Fed Warns They Will Continue To Shrink Balance Sheet
July 10 (
King World News) – 
Peter Boockvar:  Early on today and unlike yesterday, Jay Powell was asked about the Fed’s balance sheet and he said they have a “good ways to go” in shrinking it “and going slower will allow us to go further.” The balance sheet currently stands at about $7.2 trillion, down from almost $9 trillion but still up from around $4 trillion before Covid. 

Where it eventually ends up at? He didn’t say today but as Powell has said before, they’ll know it when they see it.

Expect Hairy 1970s-Style Inflation
Graddhy out of Sweden:
  The inflationary 1970s caused a massive rise in gold.

When I called the commodities bear market low back in April 2020, I also said we were in for big inflation. I think it is time for the next historical inflationary wave, just like in the 1970s.

Yes, this is clearly a wild chart, but unfortunately quite likely.

Could The Price Of Gold Really Hit $48,000?

Gold is now squeezed in-between blue lines below, and have to make choice – break upwards, or break downwards. We know what it will be…

This commodities bull market is an end of rainbow opportunity, so for heaven’s sake – do not mess things up, but make the most of it!

Shocking Parabolic Gold & Silver Moves Are Coming!
To listen to Michael Oliver discuss the shocking moves he predicts for gold and silver CLICK HERE OR ON THE IMAGE BELOW.

New Release!
To listen to James Turk discuss why the gold and silver shorts may be in for a 2010-2011 event that rips their heads off CLICK HERE OR ON THE IMAGE BELOW.

© 2024 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the articles is permitted and encouraged.