Last night’s much anticipated inflation figures out of the US came in even hotter than expected at 5% against 4.7% expected. That is the highest headline inflation print since August 2008, just before Lehman collapsed. More critically the core CPI surged to 3.8%, the highest print in nearly 3 decades, back to the 1992 recession. However the market is still believing this is transitory. Whether it is or not the setup is incredibly constructive for gold. We discuss.
https://youtu.be/5hnH4Vfpivk
