| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
The Inflation Genie is Out of the Bottle
By Graham Summers
The Fed is rapidly losing control.
Core inflation has already broken above 2%.
This happened when OIL was imploding.
As well as commodities in general.
Why does this matter?
Because core inflation is ABOVE 2% at a time when commodity prices were FALLING. The Government HAS TO adjust its models to account for this so that ANY RISE in commodity prices will PUSH inflation to the upside.
Speaking of which, since bottoming in February, Oil is up over 22%. Industrial metals are up 8%.
Put simply, the inflation genie is out of the bottle. Core inflation is already moving higher at a time when prices of most basic goods are at 19-year lows. Any move higher in Oil and other commodities will only PUSH core inflation higher.
The Fed is cornered. Inflation is back. And Gold and Gold-related investments will be exploding higher in the coming weeks.
Best Regards
Graham Summers
Chief Market Strategist
http://news.goldseek.com/GoldSeek/1457468215.php
Read more great articles at GoldSeek.com here:
