“So, odds are great gold will soon bounce sharply higher as speculators’ kneejerk gold-futures purging quickly exhausts itself. Like Powell himself often warns, the dot plot has proven notoriously inaccurate at forecasting future federal-funds-rate levels. 2023 is still years away, and the FOMC lacks the courage to hike rates anyway if that drives major stock-market selloffs. That’s a serious risk with today’s bubble valuations!
And since that March 2020 stock panic, the Fed has frantically printed trillions of dollars of new money to stave off a depression-triggering serious stock bear. $In only 15.0 months since the Fed’s balance sheet has mushroomed a staggering 84.4% or $3,640billions! This profligate Fed has nearly doubled the US-dollar supply, which is why price inflation is soaring everywhere. That is really bullish for gold prices going forward.”