MacroVoices #354 Jim Bianco: CPI, FOMC, China & More
Macro Voices
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What's Driving the Gold Market?
Jim Boulden: I can't put my finger on what the real driver is because something changed dramatically on November 4th when we saw just a huge move up in gold prices. The CPI helped it and that really seemed to take things higher, but we had another miss just yesterday on CPI and it came in below expectations. So you had gold turn up, the dollar turned down and yields peak all within a week of each other. You know, why would it suddenly happen November 4th? And that scares me because it means I don't know when it's going to end.
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