Gold’s strength is impressive, plus a look at 2 stunning charts.
Gold
February 8 (King World News) – Ole Hansen, Head of Commodity Strategy at Saxo Bank: Range-bound gold and silver popping higher despite another rise in real yields and a stronger dollar. IMPRESSIVE but not yet threatening a breakout.
Gold Strength Impressive But No Breakout Yet
Gold Bullish, Dollar Bearish
Liz Ann Sonders, Chief Investment Strategist at Charles Schwab: Trade deficit just narrowly escaped record in December at $80.7 billion vs. $83 billion est. & $80.2 billion in prior month (record was $80.8 billion in September) … annual imports climbed 20.5% from 2020, while exports rose 18.5%.
US Has Serious Trade Deficit Problem
ALERT:
Billionaire and mining legend Ross Beaty, Chairman of Pan American Silver, just spoke about what he expects to see in the gold and silver markets and also shared one of his top stock picks in the mining sector CLICK HERE OR ON THE IMAGE BELOW TO HEAR BEATY’S INTERVIEW.
Serious US Inflation
Peter Brandt: Current inflation surge is NOTHING compared to previous battles in the U.S. with inflation. The inflation of the 1970s led to T-Bill rates as high as 17% and mortgage rates as high as 14%. Long way to go.
100-Year US Inflation Chart!
Inflation
Peter Brandt: Inflation is going kick the Fed’s _ss. Inflation is REAL. This due to the flood of liquidity added in past two years. $$$ abounds. The Fed is way behind the curve in raising rates. The 10-Yr Note is headed to 2.35% in the near-term and 3.0% over the next couple of years.
“Inflation Is Going To Kick The Fed’s Ass.”
10-Year Headed To 2.35%
To listen to Peter Boockvar discuss what to expect in 2022 for gold, silver, real estate, interest rates, inflation and more CLICK HERE OR ON THE IMAGE BELOW.
To listen to Alasdair Macleod discuss $3,200 gold and more CLICK HERE OR ON THE IMAGE BELOW.
© 2022 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 This material may not be published, broadcast, rewritten, or redistributed.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.