The consequences of the three ongoing wars are turning the economy into a witch’s brew. $6.50 diesel and $4 gasoline are just the most obvious parts of it.
Maharrey explains that the government changed the methodology used to calculate the CPI during the 1990s because officials believed the existing approach overstated inflation.
Gold and silver are firmly in correction, while doing excellent work to refresh for the next bull market rally. Technically, critical support levels are being tested.
Morgan Stanley commodities strategist Amy Gower said gold’s ability to hold $4,000 per ounce despite rising yields shows this demand factor is at work.
Brien Lundin joined me to talk about what’s happening, and why there’s a rapidly increasing chance that the next 25 years in the gold market look incredibly similar to the last 25 years.
