I quote another, and am wondering about all the derivatives, including silver ...
The coconut would stand pat, and the jack would, what is the phrase ... go for broke
Scary, but shall try best not to waste the rally
A short term pullback in gold is likely now, with the DSI at 94. But the breakout is in the bag, next major target level = 1530.
The threat of currency debasement activity by central banks is indeed the driver of asset prices, but this simply cannot be compared to hyper-inflation situations. Inflation expectations are in fact at a multi-year low, and money supply inflation has almost ground to a complete halt (just 2% y/y at present).
In connection with price inflation, asset prices go through very specific cycles - there would be not a single negative yielding bond if the markets were scared of price inflation (i.e., CPI inflation). Moreover, under "high inflation" conditions (5% to 15% CPI inflation), stock prices tend to fall sharply, as multiples will contract
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