While a year-long resistance line has been testing gold buyers for one week, a six-week-old rising wedge bearish chart pattern teases sellers as markets brace for the Fed’s verdict. Given the sluggish RSI and receding bullish bias of the MACD, bears await a downside break of the $1,828 mark, comprising 50-SMA and 61.8% Fibonacci retracement of November-December...
Inflation is a tough one to get your head around, and QE, MMT and fiscal spending is popular terms these days. I will try to connect the dots short and sharp in two posts. I’ll use gold as an inflation metric, i.e. higher gold price equals higher inflation.
First, "inflation is always and everywhere a monetary phenomenon", Milton Friedman once said.
There are...
