Gold Just Issued a Warning the Fed Can’t Ignore
Friday Gold Wrap | SchiffGold | 21 Feb, 2026
Gold just broke above $5,100 — and almost no one is talking about it.
While politicians argue over tariffs, the real story is accelerating stagflation. GDP growth collapsed from 4.4% to 1.4%. Core PCE inflation is rising again. The Fed is openly debating rate cuts while inflation runs 50% above target.
This is not a soft landing.
Deficits are exploding. Tariff revenue is disappearing. The national debt is surging. The bond market is weakening. And the Federal Reserve is trapped between a weakening economy and rising inflation.
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