Category: Gold
Our Economy In a Nutshell
Linked-In/Ray Dalio/6-21-2022
“More specifically, I now hear it commonly said that inflation is the big problem so the Fed needs to tighten to fight inflation, which will make things good again once it gets inflation under control. I believe this is both naïve and inconsistent with how the economic machine works. That’s because that view only focuses on inflation as the problem and it sees Fed tightening as a low-cost action that will make things better when inflation goes away, but it’s not like that. “
USAGOLD note: The unhappy tradeoff is containing inflation with economic weakness. The Fed, says Dalio, will opt instead to “chart a middle course that will take the form of stagflation.” Dalio, we mention for the sake of our new visitors, is a staunch advocate of gold ownership.
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OilPrice.com/Irina Slav/6-18-2022

“These seem to be all the necessary ingredients for a perfect oil storm, spiced up with the latest massive oil field outage in Libya. Things are, indeed, worse than pretty much everyone expected, and, what is perhaps more worrying, they will remain so for a while yet because there is no quick fix on the table.”
USAGOLD note: Irina Slav offers an essential overview on the current state of the oil market. In her view, the perfect storm now enveloping supply is not likely to let up anytime soon.
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The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.
- Gold slips on dollar gains as Powell doubles down on policy tightening CNBC
- What’s gold price outlook as markets shift from inflation to recession fears? Kitco NEWS
- Gold Price Forecast: XAU/USD bulls denied at first attempts, US dollar not going down without a fight FXStreet
- Gold prices end lower; copper tumbles to 16-month lows on recession fears MarketWatch
- Gold ekes out gains as recession fears mount, treasury yields retreat Business Standard
- View Full Coverage on Google News