GoldSeek Radio Nugget - David Haggith: Fed's Impact on Gold

David Haggith, head of The Daily Doom: www.thedailydoom.com, brings us "The News, Before the News" with a review of the macroeconomic data, fundamental outlook and technical vantage point.

- David was one of the few analysts to correctly predict the Fed's hawkish rate stance.
- The Fed Funds Futures contract remains steady, not budging, for several consecutive meetings.
- The current FFF's probabilities suggest only 1-2 rate cuts max. in 2024.
- The inflation canary in the mine, Gold, continues to call for higher prices.
- Now that inflation has been unleashed, containing the specter is proving a daunting task.
- We review the BLS Inflation Chart, the Fred's Unemployment Chart and related indexes.
- Is the rising price of crude oil emblematic of higher inflation to come?
- We review the chart of Cisco circa 2020 Peak of 40x and nVidia's 20x peak of 2024 - is this near the ultimate zenith?
- The financial sector, Major Lenders continue to outperform many sectors - how are regional banks?

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