St. Louis Fed president James Bullard helped light a fire under gold today, Yapping About Too Little Inflation and the Need for Rate Cuts.

Technically speaking, the $1350 to $1370 area has been one tough nut for gold to crack.

On a weekly chart, gold has failed in this area five or six times, depending on how one counts.

Gold a Hedge, But Against What?

Some view gold as an inflation hedge.

It isn't.


Gold is a hedge against the notion that the Fed has things under control.

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Gold fell from $850 an ounce in 1980 to $262 an ounce in in 1999 with inflation every step of the way.

People believed Greenspan, the great "maestro" had everything under control. It was an illusion.

Faith in central banks is about to be tested again.

Mike "Mish" Shedlock

How Does Gold React to Interest Rate Policy?

From 1970 to present let's investigate how gold reacted to various interest rate environments.

Bullard Yaps About Too Little Inflation and the Need for Rate Cuts

St Louis Fed President James Bullard is yapping mightily today about the need for rate cuts.

Gold is Not a Function of the US Dollar Nor is Gold an Inflation Hedge

Swings in the US dollar have no long-term impact in the price of gold. Nor is gold an inflation hedge.

Sea of Change: St Louis Fed President Pimps the "Mid-Cycle Adjustment" Thesis

St. Louis Fed's James Bullard says "interest rates are in the right neighborhood". The bond market strongly disagrees.

Gold: How High in 2020?

Gold broke out of a six year consolidation. Things look up in 2020.

Rate Hike Cycles vs. the US Dollar: Rate Hikes Bad for Gold?

Here are two different looks at Fed rate hikes since Volcker. The charts are the same, but one presentation is a lot funnier than the other.

In Praise of a Genuine Gold (Not Gold-Backed) Bond

Buffet dismissed gold because it pays no interest. But what if there was a genuine gold bond that paid interest in gold?

How are Gold and Money Supply Related?

M1 and M2 Money Supply numbers are surging. Will gold follow?

Silver Looking Better Than Gold?

Based on Commitment of Traders (COT) data, John Rubino at Dollar Collapse prefers silver over gold.