Risk: Gold Pushes to $2,700... Time to Buy Wheelbarrows
Monetary inflation is ramping up...
Equity Storm Watch Is GREEN on the S&P 500 and GREEN on the Russell 2000
We’re in the green to start the morning. But some interesting shifts in data has me eyeing Friday’s PCE report with interest. This morning, futures were flat… but the Nikkei was running hotter - adding a few hundred points… while the VIX pushed back above 15 and Bitcoin took a little bit of a hit. The thing that is really driving me insane is that gold is now on the verge of $2,700. This is flat out insane given that we were sitting at just $1,600 less than two years ago. This is monetary inflation… and there’s going to be MUCH more of it.
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