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Did gold just give us a taste of what’s coming for stocks?


ZeroHedge/Grahm Summers/8-9-2021

photograph of a yellow caution flag in the breeze

“This would mean stocks losing considerable support from the Fed. Again, the Fed has spent over $4 trillion supporting the markets since the March 2020. But by the look of things, that will be ending soon.”

USAGOLD note: And let’s not overlook the direct implications to the bond market. The Fed has purchased almost 75% of the debt issued by the U.S. federal government since the pandemic began. Gold, as Summers suggests, might be a canary in the coal mine in this respect.

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