Gold Selling Off as Stagflation Fears Mount

Stagflation Conversations with Fexingo: High Inflation, Slow Growth, and 1970s Echoes · May 19, 2026 · 6m

In the first episode of Stagflation Conversations, Lucas and Luna tackle a surprising market signal: gold is plunging even as inflation accelerates and the Fed faces pressure to hike rates again. With the S&P 500 down 1.2% in five days, gold miners like the GDX ETF off nearly 13%, and the unemployment rate holding at 4.3%, the hosts examine whether the economy is sliding into a 1970s-style stagflation trap. They discuss the bond market's message, the implications of Kevin Warsh's upcoming swearing-in as Fed chair, and why gold's recent behavior may be more telling than the…