Dave Kranzler: As Fed hikes rates, the gold flows east

Arcadia Economics, Released on 10/20/22

While the Federal Reserve is hiking interest rates and hedge funds are selling paper gold and silver, physical metal continues to flow to the east. We’ve seen this evidenced by the drain in the COMEX and London inventories, and in today’s call Dave Kranzler of Investment Research Dynamics talks about how far east buyers have been eagerly taking advantage of the lower prices. Dave also comments on the recent comments by Janet Yellen regarding a loss of liquidity in the US treasury market, and the Treasury’s potential plan to buy treasuries…with more treasuries. Which doesn’t seem like the most stable arrangement for the world’s supposedly safe-haven asset, yet nonetheless is one of the latest proposals being discussed.

Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a large bank. Dave graduated from Oberlin College with majors in Economics and English and he also has an MBA from the University of Chicago, with a concentration in accounting and finance. Currently, he co-manages a precious metals and mining stock investment fund in Denver. He has nearly thirty years of experience in studying, researching, analyzing and investing in the financial markets. His daily articles can be found at his site, Investment Research Dynamics.

Chris Marcus worked 2 years at bond rating agency Moody’s, has an MBA from Wharton, and also worked 7 years as an equity options trader for Susquehanna International Group on the American and New York Stock Exchanges, before leaving in 2012 to create Arcadia Economics. In addition to publishing Arcadia’s Monthly Market Snapshot, he also currently writes market commentary for gold and silver dealer Miles Franklin, Investing.com, and several others.

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