Gold sold off on the much higher than expected #inflation numbers. Traders still don't get it. Higher inflation is bullish for gold, especially since the Fed can't contain it with higher rates, as the rate required is higher than what Americas can afford to pay

Gold sold off on the much higher than expected #inflation numbers. Traders still don't get it. Higher inflation is bullish for gold, especially since the Fed can't contain it with higher rates, as the rate required is higher than what Americas can afford to pay

— Peter Schiff (@PeterSchiff) February 14, 2018