Waiting for Gold's Next Turn Tuesday, August 23, 2022

Brien Lundin and John Rubino return. The Fed seems to be dead-set on tightening into a recession, come hell or high water, which has never been done before. While gold, silver, and other tangible assets have been hit, we’ve seen periodic rallies in the U.S. stock market as most of today’s traders (who have grown up watching the Fed rescue them at every downturn) have like Pavlov’s dog, been eager to rush back in to buy the dips after every significant sell-off. Might David Stockman be right when he opined that there will be no pivot by the Fed any time soon because the worst inflationary problem since the 1970s isn’t going away so quickly and the masses are mad as hell and are demanding prices stop rising? In other words, according to Stockman there will be no pivot from QT to QE because the Fed is going to have to do whatever it takes to stop inflation dead in its tracks. Brien will be asked about his views on the Fed’s monetary policy as well as other factors impacting markets and what he is looking for in the gold markets to provide a green light to back up the truck to buy extremely undervalued gold and silver stocks. John will provide his market insights and perhaps comment on Alasdair Macleod’s recent article titled: “Geopolitics: The World is Splitting in Two.” That article maintains that due to some very bad geopolitical and monetary policies the western world is in decline while Russia and the Asian world is an ascending power. That will lead to rapidly declining purchasing power of the dollar and rising interest rates for years to come.