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Graham Summers: Gold’s Monetary Revival Is Underway
Graham Summers, President and Chief Market Strategist for Phoenix Capital Research, discussed the complex state of the bond market, noting the historic shift as the 40-year bull market in bonds ended in 2022. He analyzed Treasury Secretary Bessent’s recent increase in bond buybacks to $6 billion per auction, interpreting it primarily as a verbal intervention to maintain stability and signal support rather than a massive quantitative easing program.
Summers stressed that while rising yields and national debt exceeding 100% of GDP are noteworthy, the situation remains orderly and not yet…
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