PDI Chart and T/A, page-672

Been saying it for a while, gold will stop its negative correlation with rising central bank interest rates. Looks like it has began as gold prices are up on the back of the US Fed interest rate rise news last night. There is no getting out of the current economic predicament now. Damned if we raise rates, damned if we don’t. There are too many geopolitical and financial issues now and debt is too far gone. Either way, PM’s are destined to perform well.

The US, UK, and EU have dug themselves a hole too big to get out of in relation to Ukraine now. It’s come too far to pull back now and they have to keep printing money to stop the Russian advance. Along with supply chain issues and sanction repercussions, Inflation is therefore going nuts. In the UK today inflation launched to 10.4%. We are now likely to see rates rise over there tomorrow too! Now all these countries also have Chinese pressures to contend with. All this straight after the entire covid debacle. The news keeps getting worse unfortunately, but at least people in these threads are smart enough to head to safety in gold!

The banking crisis just advances what’s going on because more banks are going to crash and burn as interest rates continue to rise throughout the year. It’s a domino effect. More bad economic news to come and the US dollar is destined to fail Imo. The BRICS countries know this and are going “all in” on gold. Buying at a scale like we have never seen before!