The conventional wisdom contaminating the FT’s gold-Trump story is such that we’re compelled to respond and shoot it down…. we can foresee higher gold prices under both strong [i.e., Chinese devaluation and crash] and weak dollar [i.e., inflationary] scenarios. The result is the same — although the paths are different based on initial conditions… How about that? Gold’s already recovered most of those losses from yesterday that got the Financial Times all hot and bothered.”
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