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Bill Murphy & Chris Waltzek Ph.D. – August 10th, 2018

by Chris Waltzek
GoldSeek Radio

Bill Murphy of GATA.org notes precious metals investors will ultimately be rewarded for their patience amid the typically slow “Summer Doldrums,” as the sector gains momentum ahead of the more favorable holiday season. Gold prices tends to perk up as the holidays approach, including Christmas, Chanukah, Diwali in India and China’s New Year festivities. Meanwhile, official inflation numbers may be understated. Fed officials’ actions speak volumes – following 7 recent rate hikes since 2015 and two more to go in 2018, and overheating economy and inflation are clearly chief concerns. By pressing the economic brakes, the plan is to stem runaway inflation. However, the EU economic ministers and many major competitors seek to halt QE operations and begin raising rates, which could put the US dollar under pressure as soon as 2019, increasing demand for safe haven assets.

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