Finally have an explanation (which I believe is correct) why we saw US bond yields rise (i.e. bonds sold) and $US rise.... inflation.
I think bonds are selling off because of real signs of systemic inflation and the easiest first home for the funds is the $US. If correct PoG should find a floor pretty quickly. It's possible BTC was also an early beneficiary of that rotation.
The FED has to keep a lid on real interest rates... so, they will likely increase their purchases... should slow the rise in the $US and both BTC and PoG will benefit... imo.
About my use of the term "fear trade".... that's how I characterize the underlying psychology. The perceived need to protect. It's sister is the "greed trade"... i.e. risk on, blue sky, toot toot mentality.
