11:32 a.m., EST:
Just like ‘peak oil’ back in the summer of 2008, now it looks like we’ve reached ‘peak narrative’ for inflation.
‘Narrative’, because the markets are a game of manipulation.
If you don’t know who’s being manipulated, then that person is you (slightly changing a Buffett quote).
Bolstering the assessment, is this report from ZeroHedge.
Looks like everybody’s on board and reporting higher prices. Just like they were on board last year with: “We’re all in this together”.
The exact same tag-line for every major U.S. corporation … with ready made (like they knew ahead of time) banners to boot.
The problem is, the markets are not following along.
Reported two days ago, senior gold miners are testing their reversal.
Yesterday, was an upward push that wound up being an ‘out-side-down’ bar (GLD, GDXJ, SLV) … a reversal in itself.
That’s not in the script. Or, is it?
At this point, the public’s literally redirected, manipulated, at will. It’s a sick game being played by all who control the media.
From a personal standpoint, I’d rather make some popcorn, take my red wagon full of fiat, go camp down around $800/oz., and wait.
The gold ice cream man may never show up. If he does, great.
If not, there’re other opportunities; at least I’ll not be one of the manipulated masses screaming inflation hyperbole if/as/when gold ratchets all the way down.
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