bonds they're wrong they're playing with dynamite here because the bond market ultimately has to blow up as a result of what the fed is doing the inflation genie is way out of the bottle there's no way to put her back in again the bond market should be crashing as a result of what's going on in fact look at oil prices again today you know there are a lot of people that were getting excited when oil went back below NUMBER_TOKEN. aha it's over oil up NUMBER_TOKEN cents today we're at NUMBER_TOKEN a barrel very close to a new high for the year the highest we got was NUMBER_TOKEN NUMBER_TOKEN so we're less than NUMBER_TOKEN cents away from a new high this is a very very powerful bull market and you know if you look at where gas prices are now in most of the country they're very close to all-time record highs even though in NUMBER_TOKEN oil prices got to NUMBER_TOKEN a barrel right gas prices at the pump were actually i guess a bit lower back then than they are now even though the price of oil itself was substantially higher so imagine what's going to happen to gas prices when we retouch the NUMBER_TOKEN oil pie of NUMBER_TOKEN an hour we're going there look at a chart it's inevitable we're going there in fact i think we're going way beyond that level so obviously a lot has happened to increase the price of gasoline over the last NUMBER_TOKEN years than the increasing price of crude oil but imagine again where we're going to be at the pump when we revisit the NUMBER_TOKEN high let alone take it out i mean i think we're going to move up to NUMBER_TOKEN a barrel in the price of oil maybe not next year maybe not NUMBER_TOKEN but NUMBER_TOKEN NUMBER_TOKEN in time for that next presidential election imagine where gas prices will be if we got NUMBER_TOKEN crude oil of course NUMBER_TOKEN crude oil is not going to be achieved unless we get a break in the u.s dollar and i have been waiting for the dollar to break down so far it has not i think again the main thing that has been propping up the dollar is the talk of the fed tapering or not only talk now the fed has apparently already started the taper but the dollar has not risen i think the dollar has already gotten whatever gain it's going to get from the taper talk and the taper itself the only question is when is the dollar going to roll over because gold is already moving up i've talked about that on the podcast ever since the fed started the taper we have been creeping up in the price of gold and in fact even when we got that much better than expected jobs report the price of gold went up anyway we got above NUMBER_TOKEN closed above it on a weekly basis on friday and we have continued to rally this week as i am recording the podcast on tuesday afternoon gold is at NUMBER_TOKEN up another eight dollars today but we've now put over NUMBER_TOKEN dollars of distance between the price of gold and NUMBER_TOKEN and nobody is talking about what's happening in the price of gold but this really does have ominous implications for the dollar and for inflation whether you use them to pump up wind down work or work out ray cons are my go-to for on-the-go audio and that's why i've teamed up with raycon for a limited time you can unlock up to NUMBER_TOKEN off your raycon order at buy raycon dot com slash gold with seamless bluetooth pairing and a
START_SPONSOR_TOKEN whether you use them to pump up wind down work or work out ray cons are my go-to for on-the-go audio and that's why i've teamed up with raycon for a limited time you can unlock up to NUMBER_TOKEN off your raycon order at buy raycon dot com slash gold with seamless bluetooth pairing and a END_SPONSOR_TOKEN