Gold is oversold, the debasement trade is still on, and the pressure is building – Sprott’s Paul Wong - KITCO
Gold is oversold, the debasement trade is still on, and the pressure is building – Sprott’s Paul Wong - KITCO
Source: KITCO
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DW NOTE
Wong is talking about gold being "oversold" at $4,010 — down 25% from January's $5,318 high — while inflation runs at 4.1%, double the Fed's target, and Washington runs a $1.4 trillion deficit. The debasement trade hasn't ended; it's repricing the delta between nominal protection and real purchasing power destruction at scale.