• 3 minutes Will Iron-Air batteries REALLY change things?
  • 7 minutes Natural gas mobility for heavy duty trucks
  • 11 minutes NordStream2
  • 33 mins U.S. Presidential Elections Status - Electoral Votes
  • 11 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 15 hours Evergrande is going Belly Up.
  • 1 day Australia sues Neoen for lack of power from its Tesla battery
  • 12 hours Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 9 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 6 hours Europeans and Americans are beginning to see the results of depending on renewables.
  • 1 day Oil Price: does the security vacuum in the Middle East spook investors?
  • 3 days Forecasts for Natural Gas
  • 5 days Ten Years of Plunging Solar Prices
  • 5 days Extraction of gasoline from crude oil.

Gold Plunges As Real Yields Surge

Having broken below $1800 earlier in the week, after suffering a 'death cross', gold prices are plunging this morning - on heavy volume - as real yields soar.

This is the lowest in 8 months...

As real yields surge...

When will people stop selling gold and silver and realize that rising inflation is not a one-time threat that the Fed will stomp out by raising rates and tightening monetary policy? Peter Schiff explains:

"They [The Fed] are going to do nothing. The dollar is going to collapse, which is the mother of all tailwinds for gold. And so, at some point, it’s going to happen. But in the meantime, they’re simply creating more buying opportunities for people who have been really slow to pull the trigger on getting their precious metals, getting their mining stocks.”

In effect, Powell this week was telling the market, “Don’t worry, we won’t be tightening monetary policy for years.” This despite the fact that the commodity markets are screaming inflation. Oil, industrial metals, grains, beans – they are all making big gains. The only thing that’s not catching a bid is gold.

Silver is also getting clubbed like a baby seal, back to pre-Reddit-Raiders' levels...

February looks set to be Gold's worst month since Nov 2016 (Trump's election), which also saw rates surge.

By Zerohedge.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News