gold, page-101451

Does anyone here is leaning towards stagflation with the current economic conditions?

We have the US bond yield rising, NFP down regardless if there are more positions crying out for applicants, supply chain inflation, shipping rates sky high, cheapest capital costs, more money stimulating the 4 corners of the world with QE/IR tool, real estate and equity markets reaching for the sky, etc.

I had a brief discussion with a friend with a much more intimate knowledge of Economics and financial markets and he is of the impression that the conditions are ripe for Stagflation like the Seventies. He said there are always winners and losers and the big winners will be commodity and bitcoin. The last is quite obvious from a chart regardless of China trying to smash it. Is this gold oxygen thief or just the younger generations doesn't think like the other rapid fading folks of the older generations?

The 'Jolts job opening' yesterday was down and is that why gold price spiked but like the NFP could not seem to hold on to the rally? Very frustrating as I can see all the reasons why gold should be much higher instead of being stuck and fallen out of favor while Bitcoin is taking all the optimism.

So, is Stagflation good for gold?