GoldMoney Report
The Fed Never Raises Interest Rates High Enough
For Real Rates To Recover To Previous Levels
GoldMoney's Josh Crumb & Stefan Weiler 16 page report .. "Using our proprietary REAL RATE, ENERGY PROOF OF VALUE- model as a guide, we find that, despite an already impressive year to date performance: 1) the gold price has less downside risk from current levels than commonly perceived, with skewed upside risk; 2) market participants often wrongly analyze gold as a ‘flow commodity’ and appear overly focused on central bank guidance of nominal rate paths – just one of three important metrics – and therefore still misunderstand the key drivers of this ongoing “money stock” rerating; 3) given current inflation and real interest rate expectations, data and policy surprises present much more upside than downside risk ..."The Fed Never Raises Interest Rates High Enough
For Real Rates To Recover To Previous Levels
LINK HERE to the report
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