Gold Is Going to $6,000, Says a Johns Hopkins Economist. Here's the Monetary Case.

Inflation is running at 3.8 percent. Nearly double the Fed's target. Steve Hanke of Johns Hopkins says the reason is simple: money supply has been accelerating for 18 months. Oil prices, tariffs, and wages are symptoms. The money supply is the cause. Japan proved it in 1979 when oil prices spiked and inflation fell because the Bank of Japan had already cut money supply growth in half. The practical signal: money supply leads asset prices by six months and inflation by twelve to twenty-four months. COVID played out exactly on schedule. Watch money supply first, everything else second. Gold is in a secular bull market with a target of $6,000 to $7,000. And dollar dedollarization is bunk. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 0:00 The wrong inflation dashboard most traders use 1:19 Inflation is always a monetary phenomenon 2:31 Japan 1979: oil up inflation down. Here is why 4:17 Money supply accelerating for 18 months 5:37 The Fed is data dependent: why that is a problem 6:31 FOMC June 14: 97 percent chance of no change 7:15 Most mispriced risk right now: inflation not recession 8:48 Gold secular bull market target $6,000 to $7,000 9:20 The Hanke Coffman gold sentiment score explained 13:34 Dollar dedollarization is bunk 15:19 14 international currencies in 2500 years 16:40 The practical trading signal: watch money supply first 17:32 COVID playbook: money supply predicted everything right on schedule #SteveHanke #Inflation #MoneySupply #Fed #tastylive #TradingTrends #Dollar #Gold tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.