Oil is being driven by geopolitics and war. That is not inflation. Inflation was cutting interest rates and manipulating bond markets in service to money printing and liquidity.
These failed measures are increasingly recognized as unwise policy that harms free-market competition, involves a large new government program, and serves only narrow vendor interests.
The toll is likely far worse than they are telling us. US military facilities in the region are damaged, with billions of dollars in radar and other equipment destroyed.
David Hunter discusses why falling bond yields and a weakening dollar could drive dramatic moves across financial markets, including precious metals.
Clearly, all citizens need to accumulate gold, now, and for the rest of their lives. $5000 (now), $4850, and $4650 are three great zones to eagerly grab more gold, silver, and miners.
Ira Epstein comments on the current state of the stock and metal markets, which appear stable yet heavy, and the ongoing uncertainty in energy markets due to geopolitical conflicts.
