Pizzaflation is creeping through the nation. Inflation is slow, and subtle, and making our favorite things like Pizza unaffordable. Pizzaflation explains the deterioration of the US Dollar in something we all love; Pizza.
When will the mainstream financial media do their job and start calling Fed Officials out for switching from the Core Inflation metric to justify a continuance of ZIRP? The actual Inflation Rate is already above the Fed`s stated target of 2 percent.
It’s been estimated that the total worldwide value of such contracts equals 150 times the amount of gold in existence in the world ... Uh-oh ... This is why it’s imperative that you purchase only physical, allocated gold.
Gold consolidated after the gains of last week when gold rose 0.25% from $1324/oz to $1328.80/oz. Indeed, it was gold’s second consecutive weekly higher close which is bullish from a technical perspective. Markets being sentiment and momentum driven this could mean the recent correction is over as technical driven traders are likely to take signal from this and go long gold.