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Reuters/Howard Schneider and Ann Saphir/5-12-2021
“It will be ‘some time’ before the U.S. economy is healed enough for the Federal Reserve to consider pulling back its crisis levels of support, Fed Vice Chair Richard Clarida said on Wednesday …”
USAGOLD note: Clarida is vice-chairman of the Fed so one would think his stance on inflation is pretty much in line with other luminaries at the Fed, including Chairman Powell. Yields, for now, remain the be-all, end-all to which all paper gold trading remains resolutely attached. As long as that is the case, gold’s secular bull market is likely to continue but the increases will come without a whole lot of melodrama (and/or volatility) – a market where long-term accumulators anchoring their portfolios with coins and bullion can take advantage of restrained pricing to build positions.
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