RE:RE:GOLD - STRONG BUYYou can imagine inflation away and big drops in the POG all you want won't make a bit of difference.
"Rates in Canada will come down at next meeting of the BOC, 50 to 75 Bps by end of year, 125 bps more in 25."
So you say - well maybe.
This is pure mainstream Fed-spin parroted by political hacks at any rate.
You shallow thinkers have no clue what you are talking about as usual.
Sure, if Trump gets back in, his overbearing influence on the Fed will have them cutting rates and then some. Spending will go ballistic - but that's not all.
Inflation will skyrocket. Extended lower rates going forward will not put America back on the road to prosperity but will culminate in its undoing entirely.
Rest assured, if rates are pushed down to this extent, 2 full points or more in the face of rising inflation going forward, gold will spike as central banks double down buying physical gold to hedge against it.
Even without rate cuts, inflation is going nowhere but up into 2025 and beyond.
Expect inflation to settle in the double digits with a 1 handle after a couple qtr point cuts.
Or inflation into the double digits with a 2 handle at 125 bps or more additional cuts into 2025 and beyond.
The only thing the Fed has left going for them is the time lag for inflation to set in after cutting rates.
After that - its game on for all mankind.