You may have listened to Eric Sprott in the previous post. He makes some very good points about the situation the Federal Reserve, the leveraged financial system and the precious metals find themselves in. I think he makes some great points in fact.
Balancing the view is this piece I just found on SeekingAlpha, which sends a daily digest on macro market commentary.
Personally, I might like to label this as trend following seeking to rationalize and be in alignment with a 1.5 year (and counting) period of correction/consolidation that the metal has been caught up in. But I might also like to have an open mind as to all rational views.Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates and NFTRH+ chart and trade ideas, or the Free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com and Biiwii.com. Oh, and follow @BiiwiiNFTRH. Support free quality content; please disable AdBlock, Adguard or other ad blockers on Biiwii.com (our few ads are non-intrusive) and/or donate... thank you! Add to SocialTrade