gold, page-84581

So Powell signals a tolerance for higher inflation......and that's bad for Gold?

How?

Right now Powell could walk out and fart into the microphone, and the markets would applaud and Gold would go lower.

Goldbugs will continue to see past the nonsense. We lived through an era when Fed muppets would spend every other day jawboning up the markets, and we were told that Gold would go to USD 800 an oz......and it never happened.

The Fed is committed to one key principle: That you can debase a currency as much as you like, and there won't be any damaging consequences.
(Thousands of years of human history says otherwise).

Q. How many PhD's at the Fed does it take to simply carry out their core fuctions: suppress interest rates, eviscerate savers, enrich banksters, print money, and bail-out hedge funds?
A. Thousands apparently.
- Doesn't that seem like a stunning misallocation of human resources? Thousands of useless parasites all housed by a mangy dog called The Fed. In the same way that they enable a stunning misallocation of human capital, so the actions of The Fed have resulted in the most stunning misallocation of actual capital in all of human history.