Zoltan Pozsar, the Four Prices of Money, and the Coming Gold Bull Market

[pmbug]

Over the past 100 years there has been a correlation between major equity bear markets, adjustments in one of the four “prices of money,” and gold bull markets. If we let history be our guide, the current equity bear market is signaling a new gold bull market, supported by changes in the price of money.
...

More (long):

Zoltan Pozsar, the Four Prices of Money, and the Coming Gold Bull Market

Because equities are in a bear market as we speak, we can expect a gold bull market in the years ahead, enabled by the Federal Reserve changing the price of money.

www.gainesvillecoins.com

A more nuanced take on the Fed will pivot, gold will go up expectation.

 

[Goldhedge]

From the link:

"In the 1920s, credit expansion created an economic boom. When the inevitable bust followed the US entered a severe depression."​

...but this time it's different...