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OFF THE CUFF

Off The Cuff: A Brightening Future For Gold?

The User's Profile Adam Taggart February 1, 2019
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In this week's Off The Cuff podcast, Chris and Mike “Mish” Shedlock discuss:

  • The Complete Sham of Corporate “Earnings”
    • Now an art of putting lipstick on a pig
  • The Growing Revolt
    • Everywhere you look, the Establishement is being increasingly questioned
  • The Empire Digs In
    • More, and more secretive, measures are being taken to protect its advantage
  • A Brightening Future For Gold?
    • Is it finally breaking out of its consolidation phase?

The price of gold has long been in a consolidation phase, and it now seems to breaking out to the upside. There are both fundamental and market-driven reasons for this.

On the fundamental end, supply is becoming a real issue. And with the Powell Fed completely caving to the markets, expectations of a more 'dovish' Fed policy going forward is also adding wind to gold's sails. As Mish states:

Gold has been capped for quite a while here, and it's having a lot of trouble getting through that 1290 zone, it seems to an absolute inviolable ceiling right now. I think that's a false ceiling, I think it's been put there by somebody. The first month of 2019, gold was just like a flat line, literally a flat line of going nowhere. It all just looked managed to me – that's my view; we could have other views.

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Top Comment

Isn’t it interesting how the “caps” on gold work, right up until the buyers appear?
All it took was the Fed to start hinting at stopping...
Anonymous Author by davefairtex
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