Gold prices just hit $1280. That is the highest since The Fed raised rates in June and follows the best month since February. However, as the precious metal surged 6% in July, ETF investors abandoned the barbarous relic by the most since May 2013.
Outflows on a move up? Really?
“…stagflation is about to emerge. We are moving into a different phase of the economy – to a stagflation not seen since the 1970s – that is not good for asset prices…”
Iknow Greenspan is a joke but this article is pretty informative. Just sayin’ 🙂