Kitco News
(Kitco News) – The fear of inflation is back in the driver’s seat for the precious metals, which saw gold rise more than 5% and silver more than 8% in the last 30 days.
The post Gold market to accelerate: Price forecasts eye return to January levels on summer inflation story appeared first on WorldSilverNews.
Chris Marcus
Tue, 05/18/2021 – 13:55
NewsMax/Barrons-Charlie McCarthy/5-17-2021
“‘The trend is not the Fed’s friend,’ Apollo Global Management chief economist Torsten Sløk told Barrons. Grocery shoppers, home buyers, manufacturers, and retailers all say their dollars are buying less. Their day-to-day survival can’t ignore the food and energy costs that are backed out of price metrics preferred by policy makers.”
USAGOLD note: More than transitory, says Barron’s McCarthy……The Fed has a choice to make. Stay behind the yield curve and keep markets propped up, or get ahead of it and kill the goose laying the golden eggs. A string of Fed board members, including the Chair, see no need to press the issue at this juncture. It will stay the course.
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.
GoldEagle/Jordan Roy-Byrne/5-13-2021
“After updating my macro-market outlook report for subscribers, I realized something about Gold. On a historical basis, it remains incredibly cheap. It may seem expensive on the surface, trading near $2,000/oz, but the reality is contrary to the perception. Gold is trading around the same level as 10 years ago.”
USAGOLD note: Roy-Byrne goes on to quote three criteria by which the yellow metal is undervalued – when compared to growth in the monetary base, the current lows in its ratio with the S&P 500, and its historical low point as a percentage of global financial assets. Details at the link……
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.