Investing.com - Gold: QE Has Already Begun and the Next Rally is Coming
Article by David I. Kranzler in Investing.com
I find it quite amusing that the market believes inflation is tied to rates – the propagandists at the Fed did their job there. Distract while creating bank reserves (print money) out of plain sight.
The Monetary Base is up over 7% since March. M2 is also a bit higher. This is why the rate of inflation has been slowly rising again since June. It’s also why gold is up 7% and silver is up 2% since the end of June (silver is up 15.9% since early March).
The primary driver of my bull thesis is the shift in the Fed’s monetary policy. It was only a matter of time before ......