Furthermore, we talk about the Fed, some Mining companies to be on the lookout for, and more.
Wall Street Silver
Fri, 08/26/2022 – 13:40
MarshMcClellan/Mercer Insights/8-24-2022
“Gold is a special case commodity. Historically, it has done well when fear of inflation is high, specifically inflation driven by monetary expansion, having a high sensitivity to inflation when inflation is on a runaway trajectory.… That gold often comes into its own in higher inflation scenarios is related to its close relationship to currency debasement.”
USAGOLD note: MarshMcClennan is a professional firm that advises wealth managers, private banks and family offices. It says that money managers in the past were geared to a disinflationary climate suited to stock and bond ownership. Now, a sea change has occurred in which investors will be forced to deal with rising inflation “when inflation is already high.” As such, “for the first time in a generation,” a different approach is required – one that includes commodities and gold.
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ZeroHedge/Stephen Gallagher/8-24-2022
“Nevertheless, the Fed did not foresee that it would have to reverse QT in 2019 at a level of reserves far above pre-2008 levels. If demand for reserves going forward is higher than in 2019, the Fed will have to halt QT sooner than expected to maintain control of overnight rates. More on this premature end to QE in a subsequent post.”
USAGOLD note: Fo those looking to play catch-up on the Fed’s QT process, this is a good place to start – analysis from SocGen’s Stephen Gallagher.
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