Loading ...The entire move we are seeing and suffering here, is a pure scum play, to make it look like the CB’s have it all under control, ie they can raise rates enough to stop inflation and get the economies back on an even keel….just like that.
Which of course is just dream land, there is no way they can raise rates enough to curb inflation, which is now starting to flourish a bit,…..so far we have seen nothing and considering the amount of pump priming already done, we have way more to come.
Therefore at some point as real inflation refuses to die, the CB’s ability will be questioned, as inflation grows and grows and then the rush to physical metal will really start…..as the mkts take off in a 3 rd wave .
The above fits an Elliot wave diagnosis of PM’s…this fall is a C wave…hard, big and nasty…but when it burns out we get a 3rd wave up…. v powerful and v large.