-- J.L.
1. Interest rates and the price of gold have an inverse relationship and the expected path of future rate hikes are to the upside.
2. Fed funds futures indicate that a rate hike of 25bps is the most likely scenario.
3. The rate of interest rate increases is the highest in ten years.
4. The Fed's main concern is containing potential runaway inflation.
5. Economists suggest that GOP tax bill is inflationary.
6. The infrastructure bill will probably be even more inflationary.
7. A wise man once said that buying gold is a way of going long on fear, and business and consumer confidence have hit all-time highs.The infrastructure bill will probably be even more inflationary.
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8. Bitcoin.
9. Palindrome's protege dumped his gold holdings on the day of the election and we're still trading below the opening price of that week.
10. GLD: After a short run-up during the week beginning Nov 27, bears have resumed full control, taking out key support at 120 and closing below August's lows at 118.48.
