Postcards: Why I Just Bought More Gold...
They're just debasing the currency... and monetary inflation is rising with liquidity.
Market Update: A greater focus on the Middle East has many investors struggling to commit to the ongoing breakout we’ve witnessed out of China. Liquidity continues to rise, and copper remains in breakout territory—as we projected. Beware of chasing oil prices higher with concerns about the global economy on display and OPEC’s effective decision to abandon a three-figure price target. The energy sector is still under stress, and it will take some time to figure out. Blame EVs for the impact on the marginal (last) barrel. You’d need a vast supply disruption to get oil back to $85.
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