When caution is thrown to the wind, we begin to recognize that the market may be moving into a dangerous euphoric state from which a long-term bear market can begin.
The US central bank has apparently taken on a new mandate — being your dietary coach, advising Americans to fight the inflation it helped ignite by eating tofurkey and other soy-based foods for Thanksgiving, instead of turkey.
When I left school many years ago, human population growth was already becoming an issue. Back then it had reached about 3.7 billion, but now it has arrived at 7.9 billion..
The machines that run the markets will do whatever they are programmed to do and the rest of us will swim in their wake or fight them. It’s our choice. But so too is cash.
The Fed is at a crossroads.
They can either let the US Dollar collapse or they can fight inflation.
At some point, something is going to break in the current situation.
Remember the debt ceiling? We avoided a crisis when Congress extended it in October. Treasury Secretary Janet Yellen estimated last week the debt will again reach the limit on December 15.
In this week’s Live from the Vault, Andrew Maguire explains the significance of gold rising alongside the US dollar and reveals the silver market footprints signalling a rally.
