Gold will shine - this is not speculation
First off, thanks for your comments guys.
Its looking like the Fed wants to keep raising interest rates a qtr point per meeting over the next 2 sessions.
Gold investment among the current buyers and sellers appears unsure as to which way the POG is going to go as of late.
Raising rates can effect a downside in the POG. Paltry qtr. point increases are actually adding to inflation contrary to Fed-speak lies they have reduced it.
The mainstream goes on listening to the Fed for now.
What's brought the CPI down has not been been due much to the paltry succession of interest rate increases, but almost entirely to additional ommisions to the standard monthly calculation formula designated the super-core omission and the depletion of US oil reserves.
These factors have about run their course in reducing the CPI and inflation is heading back up.
Paltry is a good word to use on the Gov't and the Fed's bogus efforts of reining in spending and the deficit as well that is about to spiral upward, feeding inflation that will show itself further in the months ahead.
The general consensus throughout the mainstream is that further interest rate hikes, even the qtr. point ones will bring on a recession. Further to that the mainstream feels the next recession will quell and contain inflation. This is what's playing heavilly on the POG at the moment. But that is all going to change in the months to come.
This erroneous thinking spurred on by the Fed will eventually bear truth to the exact opposite.
An inflationary recession (if not already here) is coming that will have the masses reeling, finally exposing decicevely blatant sheer Fed ineptitude to them once and for all.
Yes , the smallish rate hikes will eventually tip the scales into a recession. No, it will not quell inflation as government spending out the wazzo to feed the monster debt fueled economy created in the first place by the Gov't and further monetized by the Fed into what's become today's gas bag debt monster - can only survive now via much more money printing.
The inflationary effect of government spending and Fed paltry interest rate increases in these unprecedented times of endless growing national debt, is leading/has lead into an inflationay recession that will thereafter bleed into an inflationary depression.
By all accounts, we are already in an inflationary recession currently, taken that if the sum total of Gov't and Fed manipulation were to be removed and the actual stats that trully exist were allowed to be shown.
Rampant, even runaway inflation to come as the national debt feeds itself with inflation merely to survive itself and to keep the economy from imploding entirely, will have the POG scaling new heights decisevely without mainstream investor doubt distancing themselves from it, or with the current buyers/sellers playing the price swings.