To refresh your memory, the red line is the Fed’s 2% inflation target to be achieved by effectively strangling the economy via interest rate increases. Are we there yet? No.
This is going to be a huge week for gold between the CPI numbers and the Fed decision. Pause, Skip, Hike: it's one of the three that the Fed are going to do.
There are many reasons to own lots of gold and silver (and mining stocks). De-dollarization, stagflation, empire transition, rampant debt, etc. The list is substantial.
At this point in time, we are facing a significant amount of uncertainty. The S&P 500 has been rallying in a very corrective looking fashion, and strongly supports the potential that we will likely be topping in the coming weeks.
