Inflation Deniers Emboldened by #Gold's Struggles. Inflation Deniers Emboldened by Gold's Struggles. The vultures are circling. Precious metals bulls, laid flat by gold and silver prices dropping for the 5th week in a row, are watching deflationists such as Harry Dent and the financial media squawk about the imminent demise of precious metals. The superficial and condescending coverage of the metals markets in the financial press has only intensified over the past two weeks.
In an article that typifies recent mainstream coverage, Matt O’Brien with the Washington Post declared “Gold is Doomed.” He tells us just how smart economists such as socialist Paul Krugman are, and just how silly and backwards gold-bugs are for questioning them. While he admires central bankers for adroitly managing monetary policy, he fails to mention they have also been net buyers of gold in recent years. Once again, the focus is entirely on heavy selling in leveraged futures markets, with no mention of huge buying demand in the physical markets.
Inflation Deniers Get Boost from Recent Events. Six Steps #Trump Can Take Toward Better Monetary Policy. Six Steps Trump Can Take Toward Better Monetary Policy. Raising the #Debt Ceiling Means Jacking Up Future #Inflation. Raising the Debt Ceiling Means Jacking Up Future Inflation.