An “inflation trade” featuring a broader group of commodities is possible, even probable. The trigger would be the Silver/Gold ratio bottoming and turning up.
Gold price rise has been accompanied by rising intraday price range. Day traders are making good money or can make good money in intraday trading of gold.
The last heroic (and massively inflationary) act was the balls-out Powell bailout in Q1 2020. The reaction to that busted the macro into a new inflationary, likely stagflationary phase.
