In the gold market, fear trade nirvana involves a tidal wave of institutional and retail capital coming out of the US stock market… and pouring into gold.
The chairman of the All-Indian Gem and Jewelry Domestic Council noted that about 80% of the country is on lockdown, and while some sales will take place online, they will again be impacted as in the prior year.
Inflation hysteria? Our premise is it is monetary inflation we have to worry about not price inflation. April inflation numbers were higher than expected fueling the hysteria.
