Long Gold. "Transitory factors" HAHA - Good one, Powell!
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.