Loading ...Silver Platinum and Palladium big drops, suggesting a slow down in auto sales? Some of the miners are still above the March April lows, others look like 1929, below March April lows.
The regular stocks, Dow, SnP, etc are still very high. Big story todays local paper, Home prices breaking records on highs, but as you read thru the story, they mention signs of topping off.
Maybe Jay Powell was right about temporary inflation, but did he mean in commodities? Or the old “everything bubble” (stocks bonds and real estate) that have been inflating since the 2008 crash lows 13 years ago.
They say, “a bubble is invisible to the people inside the bubble” Gold and the related miners are certainly not in a bubble. But lets face it. The system is like a tangled up fishing line, and literally anything very strange can happen at any time.
Like that stupid Virus that strangely popped up out of nowhere in ’00. Before that one it was the sub prime loan real estate crash of ’07. Before that it was the Dot come bust in march ’00, then 9/11 in ’01.
Considering everything the helicopter Fed and what the gov’ts helicopter has been spraying, future tax money and borrowing for infrastructure spending, it obvious they are scared shitless of a massive deflation, and are desperate and have nothing to lose with all the fake money they are giving out.
So people can pay bills and buy imports. Like I said long ago, its like the “kids got hold of a deceased persons Credit Card” and are illegally having a ball, going wild with it.