2020: The Year the Latest Inflation Operation Began

I have little doubt this is going to fail as all other inflationary operations have done. It will either fail here in 2020 as a balls out good try by the Fed and Trump or it will fail in 2021 or 2022 as a good try by the Fed and Biden.

But as of today, inflationary 2020, the product of all that deflationary angst from Q1, is ongoing.

As for the chart, all of these gold ratios (except maybe Gold/SPX) should be dropping during an inflationary phase. The bottom panel of course, should be rising.

For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed interim market updates and NFTRH+ dynamic updates and chart/trade setup ideas. You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter @NFTRHgt.