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Well, Fed Chairman Jerome Powell has given an "all-clear signal" for gold and silver to move higher with his remarks at Jackson Hole on Friday.

It appears the Fed is now almost certain to resume its rate-cutting campaign in September. In reaction, the Federal Reserve note is moving down sharply in relation to other fiat currencies and precious metals are already buoyant.

Inflation is still a problem, but the Fed can't seem to hold the line on rates anymore. This means the negative real return on holding dollars will steepen, and that's rocket fuel for gold.

Gold seems to have so many ways to win in the current economic environment. War, tariff turmoil, debt problems, inflation, and stock market volatility are all reasons to buy gold... and many of these things keep happening at once.
 

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