Soft Landing Or Not, Gold Is Going Higher

Market observers may have also noticed gold prices nearing all-time highs again. This trend, in my view, is likely to persist no matter what the market does in my opinion, as I explain in the above article.

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Now, with the 'soft landing' apparently achieved, I'm closely monitoring other commodity prices aside from gold.

Although oil prices dropped last week, remember that any increase in these commodities could lead to higher numbers in the next CPI reading. Fed Governor John Williams, in my view, understands these risks. He made cautious remarks on Friday, seemingly aimed at tempering the market's rally, which came on the back of comments interpreted as bullish by Jerome Powell. Williams told CNBC:

“We aren’t really talking about rate cuts right now. We’re very focused on the question in front of us, which as chair Powell said… is, have we gotten monetary policy to sufficiently restrictive stance in order to ensure the inflation comes back down to 2%? That’s the question in front of us.”

However, Williams' efforts were in vain as the market continued its ascent, further inflating valuations and distancing itself from reality.

Here’s what else is new on the blog:

• The Fed-Enabled Apartment Bubble Is Unraveling

• Headless Market Chickens, Cluckin' Like Crazy

• The Global Wave of Childhood Pneumonia

• Petrodollar Endgame Moves Even Closer

• Had You Known, Would You Have Taken the Jab?

• "Spiraling Out Of Control": The U.S. Debt Crisis Goes Parabolic

• The Destruction of the American Middle Class

• "Inflation Is Your Fault" And Other Self-Loathing Liberal Lies

• Elon Musk And Dark Forces

• As the US Treasury Runs Out of Creditors, Its Options Dwindle

• Student Loans: The Continuing Crisis That Is Getting Worse

• "No One Cares About Your Dividends"

• AIER’s Thanksgiving Cost Index Climbs Over 5 Percent from 2022 to 2023

• The Great (Freedom) Reset Has Begun

• The United States Needs Its Own Javier Milei

• A Quick Note Of Thanks From QTR

• This Stock Is A Debt-Free Cash Spigot And Obvious Buyout Candidate

• Preserving the Statist Quo: Creating a Generation of Welfare-ing, Libertine Narcissists

• 100 Years Ago Today: The End of German Hyperinflation

• The Fed Can't, And Won't, Nail The Dismount

• The Interest Rate Shock Will Blow Up the Government’s Ponzi Game

• Treasury Auctions Explained For People With Short Attention Spans

And the archives:

• Posts from 2023

• Posts from 2022

• Posts from 2021

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