Don't forget the Fed convinced every analyst & rates strategist...

Don't forget the Fed convinced every analyst & rates strategist on the Street they were going to hike rates 8x in 2015-2016, then hiked 2x. Only once before the election. Lawrence McDonald (@Convertbond on Twitter)

We all know the Fed is trapped & they cannot raise rates. Real yields are through the floor, German 10 year bond real yield is actually sitting at -6% this Nov 21! Who is the Fed kidding with their 'tapering' crap?

There is unequivocal evidence that the gold price has been heavily manipulated at the same time as 40% of all US dollars in existence have been printed in the last 12 months. Yet throughout history gold has been on the winning side of every debt cycle. So whilst gold has been down as 'official' inflation data is rising and 'real' inflation data is sky high, it is only because some naively expect the Fed to contain inflation.

When the MSM narrative turns and the fact that inflation cannot contained is exposed at the same time as the Fed cannot raise rates PLUS the new Basel 3 regs on banks holding of 'paper gold' come into full deployment early 22 - expect the gold price to begin resuming it's historical balance to the macro economic environment = a shitload higher than now! Blessed are the meek