The David Lin Report · Friday, July 31, 2026
Florian Gomez expresses skepticism about the Federal Reserve's direct influence on markets, suggesting price action is a more reliable indicator. He recalls the 1970s, when gold rallied significantly despite high interest rates, implying that central bank policies may not always be the primary determinant of asset performance.
“I much rather look at the charts and at the price action. I'm myself not understanding why the whole world is so focused on this guy and the Fed, while in the end of the day, all they're doing for years and decades is printing money out of thin air, right?”
“And, um, back then interest rates had been rising into double digits and gold was still able to rally from $35 up to $890 during that time frame. So it is questionable how much the influence really is there.”