Now the Fed is sucking money out of the financial system, but it still has a long way to go to get to where we were with money supply before Covid money printing.
Nenner points out that gold tends to reverse as it approaches $2100. He said an upside cycle is coming, but the question is when. The answer has been not yet.
How long until more banks just cannot absorb it all? We’ll find out, as in the past, some Monday morning after the Fed and Feds cobbled together another massive rescue package.
The prospect of Fed rate cuts, election uncertainty, and a gathering debt storm makes holding physical precious metals mandatory for those who seek to protect their wealth.
If there is great news coming for investors, look for it to happen in the bullion sector. Silver and gold have spent more than three years consolidating for a push that will turn $2000 into bedrock support for the latter.
Ed D’Agostino and I talk about the past years, what we see for the future, and I offer the best way to mentally visualize the cycles narratives I have been writing about for the past few months.
