45 pages and not nearly as difficult to get through as that sounds. Things seem very clear to me about what is going on with the macro backdrop. The May US Payrolls report was a ding back in the direction of economic contraction. That is helpful for the gold sector’s fundamentals. But our big theme continues morph to inflationary growth, which would open up a whole host of other investment destinations in the future.
We also updated a cavalcade of weekly gold and silver stock charts (stock charting still being my most fun thing to do in the markets) and wrapped up a comprehensive macro and market report.
Meanwhile, Loretta Mester and I are seeing eye to hawkish eye because the inflation, like the truth, is out there…
“U.S. economic growth is picking up, inflation is moving toward target and the country is at full employment, Mester told reporters in Stockholm on Saturday.”
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