Gold’s next catalyst? The policy mistake nobody can afford - Kitco
Gold’s next catalyst? The policy mistake nobody can afford - Kitco
Source: Kitco
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DW NOTE
The note would depend on content that isn't visible in the excerpt. But given Kitco's pattern of framing central bank tightening as a gold catalyst while gold is actually down 22% from its January high — even with the Strait closed and WTI near $100 — the "policy mistake" they're selling is probably the one they hope happens, not the one that's occurring. The real mistake was the assumption that geopolitical crisis alone sustains bullion rallies when real rates are rising and deleveraging is underway.