Gold getting KILLED !!!!!!!!!!!!!!!!!

[Mega]

just when i thought we were getting some where ...............Bugger

[thriftyandboringinohio]

Here's a 5 year gold chart, it doesn't look so bad

au1825nyb.gif

[sadsack]

Given the potential massive pullback with respect to US/NA oil production (Keystone KO'd, etc.), and riffing on EJ's good as gold for oil thesis, an argument can be made for increasing gold prices. Mitigating against this is the probable perception by world economic elites that globalization is now back on track.

[jk]

another analysis i've come across is that gold reflects real interest rates- nominal yields minus tips-imputed inflation expectations. as real rates went negative, gold went up. those rates then stabilized, and then the recent small but persistent rises in nominal rates hurt gold.

[seobook]

another analysis i've come across is that gold reflects real interest rates- nominal yields minus tips-imputed inflation expectations. as real rates went negative, gold went up. those rates then stabilized, and then the recent small but persistent rises in nominal rates hurt gold.

Lyn Alden had some great blog posts & Tweets on this concept recently.

here are a few of her posts on money printing and the petrodollar system...the second one feels like something EJ could have wrote as well.
https://www.lynalden.com/money-printing/
https://www.lynalden.com/fraying-petrodollar-system/

Inflation expectations have been picking up along with many commodities: oil, timber, copper, etc.

When Saudi Arabia did the surprise 1 million barrel cut, then hit the debt markets to fund their deficit, and suggested they'd sell more equity to fund their sovereign wealth fund that sort of put a floor on the price of oil. The rapid depletion rates of shale also mean it will take time to restore production. And there are is the federal drilling ban, nuking keystone, subsidies for green energy stuff that will roll out ... lots of forms of inflation.

[jk]

Lyn Alden had some great blog posts & Tweets on this concept recently.

here are a few of her posts on money printing and the petrodollar system...the second one feels like something EJ could have wrote as well.
https://www.lynalden.com/money-printing/
https://www.lynalden.com/fraying-petrodollar-system/ .

alden is very sharp. she's got a free newsletter which is worth reading, which appears about every 6 weeks. her premium service is only $200/yr and comes out every 2 weeks. i'm a subscriber.

[shiny!]

jk turned me on to Luke Gromen who turned me on to Lyn Alden. They're both terrifically smart. I subscribe to Gromen's weekly publication. Their tweets are worth a daily look:

https://twitter.com/LukeGromen

https://twitter.com/LynAldenContact

[shiny!]

duplicate

[shiny!]

duplicate

[shiny!]

duplicate. sigh.