The gold puzzle explained

Forbes/Clem Chambers/12-19-2021

“The Fed has in effect set the upper bound for inflation, for now, and that looks sustainable and therefore positive for gold and neutral for most stocks, and the horizon for that judgement is next Christmas.”

USAGOLD note: Chambers offers a detailed and cogent explanation on gold’s puzzling behavior over the past few months and a plausible argument on where gold might be headed that fits the here and now.

Image attribution: Post-medieval puzzle ring assembled. The Portable Antiquities Scheme / The Trustees of the British Museum, CC BY-SA 4.0 <https://creativecommons.org/licenses/by-sa/4.0>, via Wikimedia Commons, background removed