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Ok :)

But I think the Kitco source has a better chance of being correct than Musk has of achieving his agenda. ;)

I wonder what Musk thinks of "sound money"?
 
He hasn't even taken office yet and his hot air and lofty campaign promises already showing through.
Shouldn't surprise anyone and same as his last term.
China will pay the tariffs like Mexico built the wall.

The last few generations have been raised on "America has to pay its bills!" While we add it to the credit card.
Most sheeple have no idea of the pain it would cause to cut debts or deficits.
Its not gonna happen.
 
JohnnyBravo300 said:
Most sheeple have no idea of the pain it would cause to cut debts or deficits.
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Most people have no idea how government debts or deficits work including politicians.

Every $1 that a government reduces the deficit by is $1 taken out of the real economy that has to be paid for by the savings of the private sector either through higher taxation or reduced government services.
 
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Shaddam IV said:
Might also be because President Trump's tariff decision pushed up the USD?
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On the other hand Trump's tariff policy has been known publicly for some time. That and Trump's other policy proposals probably contributed to the decline in the POG in the first place after the election.

And there's Bessent. Which is a really interesting move (especially compared to some of Trump's other picks) and confirms that he will measure his success as President by the Dow. I don't think that move will support gold's (and silver's) price going forward.
 
How would his inflation not be great for gold?
You silly feller!
Hes a Brandon with a different face.
What has changed since last time? He's the same keynsian as last time and he was great for gold.
 
JohnnyBravo300 said:
How would his inflation not be great for gold?
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If the USD is stronger then that's going to drive foreign demand for it for a variety of reasons. Which exports inflation thanks to the role of the USD as the global unit of trade and as the world's dominant reserve currency. The Chinese/Mexican consumer etc ends up paying the cost of the tariffs in weaker domestic currency v the USD. This also influences the CBs that had been adding gold as a reserve to stabilise their own currencies, they will have no other option other than resuming USD denominated purchases as part of their reserve management strategy.

On a domestic note, this may also mean the RBA doesn't lower rates. Which if the above all pans out may mean Michele Bullock is a shrewd operator and I'd have to change my opinion of her. :eek:

I dunno what's going to go on with Trump with any certainty - the only thing I'm confident in is it is bullish for stocks.
 
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So the amalgamated and brief argument amongst oil bears and others and the impact upon inflation and the POG follows along these lines:

1. The current supply of oil exceeds global demand which is creating downward pressure on the price of crude.
2. The Saudis are withholding supply.
3. Should the Saudis release more oil it will crash the price, which is deflationary.
4. This will screw heavily with Russia's bargaining position.
5. If a time of "global peace" is ushered in then the geopolitical risk that has been priced into assets such as gold will shift.
6. The price of gold (and silver) will fall.
 
mmm....shiney! said:
Anything in particular about what he said that you disagree with?
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Anything could happen and weve heard it all over the last decade.
Every scenario has already been talked about and this same one many times.

He's just saying that oil and geopolitical risk is pushing gold up or that they are correlated in some way inverse of the DXY. Weve been hearing this for years now.
 
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