True, other factors will play a part, but the above play is coming, other factors will be more fuel on the fire.
US housing is crashing on 150% gain in mortgage rates.
US consumer is maxing out credit cards
US consumer personal savings is sinking hard
Powell might be fighting 8% inflation, but he is laying the scene for a swing to horrible deflation, and that is the one thing central bankers must not have. BRRRRR will result. Think March 2020 lift off!
US Consumer Deflation results in BIG SILVER RALLY'S, page-3
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2.6¢ |
Change
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Mkt cap ! $41.32M | |||
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