Long Gold. "Transitory factors" HAHA - Good one, Powell!
Updated
Listening to Powell speak today... No intentions on tapering balance sheet expansion, and plans to "MODERATELY EXCEED 2% [inflation] FOR SOME TIME"...."INFLATION LARGELY BASED ON TRANSITORY FACTORS"...
"12 month inflation readings are expected to move well-above 2%".....
Gold isn't changing, but the US dollar is... Suddenly shiny boomer rocks looks like a great hedge.
"12 month inflation readings are expected to move well-above 2%".....
Gold isn't changing, but the US dollar is... Suddenly shiny boomer rocks looks like a great hedge.
Note
gold testing 11900/OZ after 3 green weeks - personally I expect some short-term pullback soon, but I am too long-term oriented to trade on that possibility. The macro-case for gold rising further has not changed, and I am more confident in the macro trade than the short-term scalp.
Note
We are still holding the line. Not sure how they can continue to beat gold down while
TIP pushes ATHs.Note
longer timeframe than anticipated but I think gold is going to pop off this year, finally.Note
Putin said some shit and we're off to 2k
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