2024-01-30 01:25:00 ET
Summary
- The stock market bubbled back up in 2023 because the Fed, despite a gradual reduction in its balance sheet, has been injecting liquidity in various forms into the banking system.
- This frenetic easing of financial conditions orchestrated by the Fed is the reason the precious metals sector outperformed the stock market in the last two months of 2023.
- Between October 6th and year-end, gold ran from $1823 to $2071, or 13.6%. Similarly, silver ran from $20.85 to $23.76, or 14%.
The commentary below is from the January 12th issue of the Mining Stock Journal. ...
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Fed 'Fuel' Will Propel Gold And Silver Higher