By the looks of Silver Platinum Copper and Palladium charts, falling since September October, could be suggesting Trump affect wearing off, and a manufacturing recession on its way.
The system has been TRYING to go into a deflation, with the PTB at the same time, TRYING to avoid it, with the Fed’s Bond buying and low rates to keep up consumer spending on Stocks and Cars and Real estate. The fed may also be buying stocks imo.
The stores are STILL flooded with imports, and the general public taxpayer wages are too low. The Trump effect so far has just been a placebo effect.
Gold is a separate story. Possibly being held back by low Oil. There was always a pecking order between Oil and Gold. The system is distorted.