Loading ...Yes this move in gold is catching a lot of people flat footed because an event like what is unfolding right now has not been seen for 70 years.
This is a monetary event. That’s why silver is being excluded.
Silver will move higher once attention on the monetary event moves onto what they expect to be a period of stability and growth.
I expect this view to be naive and what will happen in the future is a period of commodity strength that sucks up most of new currency in the future (and bond sales) due to increased global demand and supply mismanagement.
We are at the same point in the larger cycle as the turn in 1929 to 1930 right now.
Stocks should be weaker than most expect near-term – then a grinding correction higher for six months or so (where commodities outperform) – followed by a 50 to 80% crash in stocks as rising prices and falling bonds ravage the ignorant.
Bond and bank failures are going to dominate the news next year – along with some possible geopolitical realignments that result.
I wrote about this in the previous decade as a result of being convinced of such an outcome that started by reading Schumacher – Small is Beautiful – Small is Beautiful Revisited 50 Years On – Schumacher Center for a New Economics – amonsgt other cycle/market related studies.
In Elloitt (EWT) terms – this is the culmination of the Grand Supercycle Degree event.
Cheers