In 2019 Craig Hemke made the most accurate gold call of any analyst out there. He said that the Fed would be cutting rates in September, he was two months late. Best of all, the gold price acted as he forecast. Fed debt is increasing geometrically with no end in sight. Where will that leave gold and the dollar? Right now gold is in the mid 1550's, with more increases on the way. It's all connected with the Repo melt-down and QE4. The deficit isn't going away, the only way it can be paid is by direct monetization, which is well underway. The Fed was late releasing it's latest meeting minutes, where they admitted that if the risk of liquidity continues they'll be increasing monetization to shorter duration of securities. Anyone can see it happening before our very eyes.
Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financial markets, and greater economic trends.