Gold and reflation

Stalling inflation, Trump’s $2k stimmies, Japan and China stimulating, and the tech bubble bursting. It’s short-term uncertainty for gold, but it’s all part of fiat’s road to ruin.

Gold and silver marked time this week, coming up to the end of month push for lower prices on Comex. In London this morning gold was $4050, off $33 from last Friday’s close. And silver was $49.20, down $1.30. Option expiration is on Monday, so the shorts are massaging prices lower to ensure as many calls as possible will expire worthless.

In recent weeks, we have seen the US abandoning inflation targeting in favour of injecting liquidity into the US financial system. Now Japan has announced a reflation stimulus of $135bn, and China is also preparing a new property stimulus package (ZeroHedge). European G7s are bound to follow.

There is something highly unusual occurring in gold futures. Coming into the final