GREY:LRTNF - Post by User
Comment by
Welchspringon Aug 28, 2021 1:06pm
183 Views
Post# 33778432
RE:The Greed Factor
RE:The Greed FactorWell, well the inflation rate is continuing to go higher. Good for gold. PCE was 4.2%, CPI at 5% and wholesale above 7%. If you listened to Powell yesterday he beginning to hedge on his definition of how he definites inflation. In his speech he has moved from saying that inflation is transitory to I beleive it is transitory. As well, the Consumer Sentiment index is dropping.
I'm looking for the stock market to drop soon - perhaps next week - not sure but I beleive when the market does drop the reaction will be to have investors run to a safe haven which wil be the US dollar and precious metals.
A couple of things are going on - Bond investors will soon recognize that bonds are not a good investment and Bitcoin is due to go into a winter hiberation period. We will see more investors head to GOLD.