Bafflement of the Inflationists

The inflationist gold bug does not understand why yields are down, commodities (ex-wildcards like Agri) are down, reflation trades are down, the US dollar is up and yet gold and silver are up. From Well, where gold is concerned it’s just a partial Macrocosm of counter-cyclical forces (ex-yield curve, ex-real contraction) at work, doing as they should do. Actually the Macrocosm today is still … Continue reading Bafflement of the Inflationists