October Technical Report - Precious Metals Analysis
This month, Nick Frappell discuses inflation has been the theme that has energised gold – particularly in the sense of really testing the ‘transitory’ beliefs deployed by the Federal Reserve.
The key risk is that inflation expectations are derailed, and higher prices become embedded in wages and along supply chains. Inflationary expectations are rising, and the labour market looks tight, so the drive for equality and bringing more of the US labour force back into the labour market may leave the Fed on the wrong side of the policy river if prices continue to rise…
Click here now to download Nick’s latest technical analysis.