{"id":46515,"date":"2019-06-04T06:09:36","date_gmt":"2019-06-04T11:09:36","guid":{"rendered":"https:\/\/olduvai.ca\/?p=46515"},"modified":"2019-06-04T06:11:04","modified_gmt":"2019-06-04T11:11:04","slug":"gold-makes-its-grievances-heard","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=46515","title":{"rendered":"Gold Makes Its Grievances Heard"},"content":{"rendered":"\n

Gold Makes Its Grievances Heard<\/a><\/h3>\n\n\n\n
\"gold-dollar-trap\"\/<\/figure>\n\n\n\n

Gold is getting its revenge. Try as he might Mr. Tariff Man<\/a> can\u2019t dominate all the headlines all the time. Everyone once in a while something more important than the Trump Man-Baby Show should take center stage.<\/p>\n\n\n\n

Gold has moved more than $50 in just under three trading sessions, blowing past near term resistance and, more importantly, reminding everyone just how quickly the reserve asset of the world economy can call bullshit on the proclamations and machinations of the morons who think they run the world.<\/p>\n\n\n\n

You always know when you\u2019re reaching the end of a bear market. <\/p>\n\n\n\n

Last week I tweeted out:<\/p>\n\n\n\n

\"\"\/<\/a><\/figure>\n\n\n\n

I think we’re reaching Peak Gold Bearishness. If the dollar is an attractive safe-haven asset, which it isn’t, just a necessary evil after a decade of ZIRP, then of course this will weigh on gold. That doesn’t mean demand isn’t there.https:\/\/seekingalpha.com\/news\/3467311-gold-longer-attractive-complacent-market-says-wells-fargo-analyst#email_link\u00a0\u2026<\/a>2<\/a>5:22 PM – May 28, 2019<\/a>Twitter Ads info and privacy<\/a>Gold no longer attractive in complacent market, says Wells Fargo analystGold prices no longer look attractive based on the way the metal has reacted to recent economic events, says Wells Fargo’s John LaForge, noting that gold’s complacent reaction to market volatility isseekingalpha.com<\/a><\/p>\n\n\n\n

When an analyst at Wells is looking at the day-to-day ticker of gold looking for silly and binary safe haven<\/em> arguments to warn people off of gold, I know we\u2019re nearly there. <\/p>\n\n\n\n

This isn\u2019t a complacent market. In fact, as I\u2019ve pointed out in the past<\/a>, it\u2019s an incredibly volatile one. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

You don\u2019t have to be a whiz with numbers, or worse a quant working for a central bank, to see the differences here. <\/p>\n\n\n\n

And the reason for this massive increase in volatility across all asset classes is Trump\u2019s insistence on tariffs being the cure all for what ails America\u2019s trade \u2018imbalances.\u2019<\/p>\n\n\n\n

 \u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

Gold Makes Its Grievances Heard Gold is getting its revenge. Try as he might Mr. Tariff Man can\u2019t dominate all the headlines all the time. Everyone once in a while something more important than the Trump Man-Baby Show should take center stage. Gold has moved more than $50 in just under three trading sessions, blowing past near […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[7844,374,21273,839],"class_list":["post-46515","post","type-post","status-publish","format-standard","hentry","category-economics","tag-donald-trump","tag-gold","tag-gold-goats-and-guns","tag-us-dollar"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/46515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46515"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/46515\/revisions"}],"predecessor-version":[{"id":46517,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/46515\/revisions\/46517"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}