Some people questioned in their replies that investors are dumping gold.
Well, what about learning reading charts? pic.twitter.com/1ggz0BPlBh
— Michael A. Arouet (@MichaelAArouet) December 3, 2023
Just one thing matters: in November, central banks added $350BN in liquidity, the third largest increase since March pic.twitter.com/xjThXLOQam
— zerohedge (@zerohedge) December 4, 2023
🥇#Gold has broken from its historical negative correlation with the 10-year real Treasury yield.
Now it is negatively correlated to Fed rate hike expectations.
Chart: @business pic.twitter.com/TOvGUXEji5
— Alex Joosten (@joosteninvestor) December 3, 2023
#Gold pulling back below $2,100 has provided a catalyst for #Bitcoin to spike near $41K. This could be Bitcoin's swan song. The speculative frenzy around spot Bitcoin ETFs will end soon. Bitcoin's collapse will be more spectacular than its rally. In contrast gold's rally is real.
— Peter Schiff (@PeterSchiff) December 4, 2023
The cost of essential goods continues to go up at astounding rates while the cost of discretionary / luxury goods drops. When mixed together in one price index they can then claim that inflation is defeated. That is a lie. This kind of inflation is a regressive tax on the middle class while our governmental overlords mock us with these lies.
Never Mind Bogus Measures Of Inflation – Purchasing Power Is What Counts, And It's Decaying t.co/wpIqzukkNg
— zerohedge (@zerohedge) December 2, 2023
As the US Treasury Runs Out of Creditors, Its Options Dwindle