This was made about last month. He already predicted many scenarios in this one.
If the credit market freezes and liquidity dries up it will be initially not good for PMs either. But the actions after will be bullish. This is when the Fed wanted a 4 percent too now its 5 percent. So maybe he’s trying to get as high as he can knowing he’s going to have to reverse course at some point.
Mike Pento
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