Ann: General Security Agreement, page-780

Won't see any big moves until broader sentiment picks up. Has already slowly started to. I think the Back end of May & June will be big for the sector.

• Big month ahead in May when the statistics data gets released
• We've seen some astronomical rises in various commodities indexes below, note the rise in lumber
• CPI for April Month will be a huge
• US FED doesn't give a f* even if CPI rises to 10% over the next 6-12 months because they think it's transitory and will normalize. Could even see CPI above 15%
• FED to continue with bond purchasing and suppressing yields below 1.7%
• Bullion banks are manipulating the POG on the futures market to move with the 10yr yields, which leave them exposed to supply squeezes with rising physical demand
• It appears the funds have already started to front run the next move up in gold in preparation for the rising inflation narrative.