Blue Monday

Mon, Mar 8, 2021 - 10:41am

The new week begins and it promises to be a volatile one. On tap are the latest inflation numbers as well as a closely-watched 10-year treasury auction. All of this ahead of next week's FOMC meeting.

And the week has begun poorly. On Twitter today, I've seen multiple people wondering how/why the gold price could be down when Congress is on pace to pass and send to PETUS the entire $1.9TRILLION "stimulus" bill he demanded. The level of shock from these people betrays a basic misunderstanding of how the "gold price" is discovered.

Yes, of course this is gold bullish news...

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