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Dave Kranzler: Fed is losing control of rates, then may lose control of gold too

Section: Daily Dispatches

9:05a ET Tuesday, May 14, 2019

Dear Friend of GATA and Gold:

Dave Kranzler of Investment Research Dynamics in Denver explains today why a big move up in the monetary metals may be at hand at last.

Kranzler writes: "The inverted yield curve, combined with an effective Fed funds rate that is above the interest rate used to calculate the quantity of free money given by the Fed to the banks on excess reserves, is strong evidence that the Fed is losing its ability to control the financial markets. At some point the Fed and its Western central bank collaborators, led by the Bank for International Settlements, will also lose control of the gold price."

Kranzler's analysis is headlined "Gold and Silver May Be Setting Up for a Big Move" and it's posted at IRD here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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