US equities markets and most assets hover in bubble territory. Global currency crisis. Declining purchasing power bodes well for gold and silver. Gold remains the best portfolio safety-net.
Federal Reserve rate hikes meant to quell inflation may ultimately have the opposite effect. Inflation occurs when the currency supply expands too rapidly as confidence...
Investors have been slower than a tank of turtles swimming in molasses when it comes to grasping reality, but they may be getting the message on inflation and the Fed’s fight ahead at last.
Gold bugs started 2023 with high hopes after the precious metals sector showed impressive relative strength versus paper assets in 2022.
So far, no good.
Recession to clear the economic brush and set the stage for the next economic boom? Gold will shine brightly, in the next bull run, due in part to epic demand from India.
Much higher precious metals prices, likely. Deep pocketed, financial institutions control 80% of the market. Their ETF related purchases could boost PM's prices.
While gold’s recent pullback started violently, mid-upleg selloffs are perfectly normal. They are essential periodically to rebalance sentiment which keeps uplegs healthy, extending their gains. Spec gold-futures buying will return soon..
