What Is Going On With Gold, The Dollar And Interest Rates?
David I. Kranzler | May 20, 2018 12:51AM ET
What’s going on with gold, the dollar and interest rates – especially gold? All of the variables that fundamentally support much higher gold prices are lined up perfectly. Why isn’t gold moving higher?
The popular narrative in the mainstream financial media would leave one to believe that the dollar is soaring. Eric and Dave put a big dent in that notion. Additionally, in a long-term historical context, the recent rise in interest rates is tiny, yet marginally higher interest are already wreaking havoc on the economy (retail, auto and home sales). What’s going to happen to the economy when the 10-yr Treasury hits 4%, which is still well below its long-run historical norm?
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