Global Finance Forum Powered By Genesis Gold Group |EP457
THE BIG MIG SHOW
JANUARY 10, 2025
EPISODE 457 – 12PM
The Fed's worst nightmare has begun:
New ISM data, a key leading indicator for CPI, shows priced paid by purchasing managers are a 22-MONTH high.
The last time ISM Prices Paid were this high, inflation in the US was at 6.0%+ in February 2023.
Inflation is HOT.
Meanwhile, gold is surging to $2700+ even as the US Dollar hits multi-year highs.
Furthermore, we have a 10-year note yield at 4.70% with gold up 32% over the last 12 months.
Why would gold rise in a high yield environment with a strong US Dollar?
Because inflation is back.
Please be…
The skinny
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