FOMC fallout: Gold emerging as explosive winner

Seeking Alpha/Boox Research/12-16-2021

cartoon showing gold as something to be used in times of uncertainty

“Despite an initial rally in stocks taking the S&P 500 back to an all-time high, risk assets are again under pressure. Bonds climbing and Dollar selling off reflect a deep skepticism that the Fed will be able to follow through with its tightening signal. The result is significant implications for the broader market and a bearish setup for stocks. In our view, gold is the big winner which we believe can gain momentum through 2022.”

USAGOLD note: Boox says that the Fed has managed to burnish the appeal of gold both as a store of value and an inflation hedge.

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