OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

I see the “stag” but I don’t see the “flation”

Went to the grocery store over the weekend and was pleasantly surprised with prices. Eggs down to $14 for $60, from $30 is the big one, but I noticed a lot of other items were down as well. Butter was down 15% or so, my 12 pack of Canada Dry ginger ale was only $5, it was $7.50 for a long time and this wasn’t some limited time sale. Gas prices are down here 10%

The housing market is crashing (at least here) and set to get a lot worse unless they get rates back zero.

I think the risk is for deflation because of the drop in demand, but what do I know? Mostly nothing. 🙂

Looks like we’re going to lose the $33″s again. Back and forth. The SM is ripping though because they’ve been able to get the 10 yr. back below 4.5%.

So, it appears we’re back to lower rates = stronger dollar = stronger SM = weak pm’s. Whatever, dude. It will be this way until it’s not.

Not much action in anything else, just another day. Durable Goods out in a couple hours. They should suck, but are unlikely to move our metals.

I did notice however, that it is the end of the month for the next four days, and it seems that at the end of every month the traders want to get into the SM and out of pm’s. So there’s that.

Wanna Race?
https://www.railpictures.net/photo/880684/

Things could be all over but current direction stagflation forever.