Its been nearly twelve years exactly since the market bottom of March 9th, 2009.
At that time gold tracking fund GLD, was trading around 90.
Today, it’s at 167, a gain of about 85%.
Gold futures for April ’21, closed this past Friday at 1,777.4
Either way, it’s a far cry from the $10,000/oz. that has been bandied about for what seems like forever.
Prices for energy and food are rising because of reasons not discussed in the financial media.
That media is certainly not going to educate the public.
In turn, that public has shown there’re certainly not going to educate themselves. If they were awake, news channel ratings (in the link) would be at zero.
Unfortunately, this time around, the game’s up.
The ongoing collapse will decimate those who refuse to wake up and will probably take some of those who are, with them.
Which brings us to the so called inflation, at hand.
What can be said? We can call it lies, misinformation, propaganda but none of those really get to the root.
Input prices are rising not from inflation, but from supply constriction and disruption.
For example, the corporate (big-Ag) food supply chain as reported on many times, is intentionally being destroyed. The result of course, prices go higher.
We’re also in a quiet sun-cycle period that only serves to help with (cold) weather extremes. The only discussion from the media concerning the weather is that’s it’s getting warmer, right? Opposite of reality.
So we’re taking that ‘opposite of reality’ as a contrary indicator.
Whatever inflation we’ve got after nearly twelve years, is probably at or near a peak … ready to head lower.
That includes the market as well. The likely outcome:
Market down, bonds up.
The daily close of long bond TLT, has it in a support zone. One attempt has already been made to position long via TMF (not advice, not a recommendation) as detailed in this report.
Once again this past Friday, another TMF entry.
Both bonds and the markets (i.e. S&P 500) are at opposite extremes. The risk of loss in bonds may have reached its nadir.
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