Gold and silver get on the gas
When on occasion Gold grabs the steering wheel as it did this past week, we're told to "Get in, fasten your belt, shut up and hang on!" Especially so when Gold has just filled up with premium.
Similarly , here from one year ago-to-date we've Gold's percentage track along with those of the following high-level metals' equities: Franco-Nevada +12%, Agnico Eagle Mines +8%, Gold itself +2%, the VanEck Vectors Gold Miners exchange-traded fund -2%, Newmont -9%, the Global X Silver Miners exchange-traded fund -18%, and Pan American Silver -27%.
Response: Yours is the question of a generation. Answered by this question:"Who the hell knows?" As the Investing Age of Stoopid rolls along, all that we've economically learned and have rightly experienced in prior decades no longer works.
Meanwhile amongst the past week's FedSpeak came New York FedPrez John"It's All Good!" Williams suggesting inflation even a year out into 2024 as being above 3%. Thereto, Chair Jay"It's Ok!" Powell inferred a slowing in his Bank's Funds Rate increase pace as soon as the 14 December Policy Statement, but that nonetheless toward more broadly bringing inflation back down to 2% implies having a less lively labor market.
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