The above chart is and end-of-day chart from yesterday. Gold closed at $1484.

At 11:30 AM Central, gold was at $1520, up $36 on the day.

Gold Not an Inflation Hedge

As I have pointed out numerous times, and contrary to popular belief, gold is not an inflation hedge. Gold fell from $800 to $250 with inflation every step of the way.

Everything Under Control?

Clearly not, and I have easy-to-understand proof.

Hello Treasury Bears: 10-Year Bond Yield Approaching Record Low Yield

Negative Yield Debt Hits Record $15 Trillion, Up $1 Trillion in 2 Business Days

US Treasury Declares China a Currency Manipulator Under Orders From Trump

If you believe gold tracks inflation or is some kind of inflation hedge, you need to think again.