May. 15 at 6:27 PM
$SLV $GLD $JNUG $GDX $B
Japan dumped ~
$30 billion of U.S. Treasuries in Q1
This dumping of US treasuries as the interest on US debt crosses
$1.27 trillion
Global money supply just crossed
$121.9 trillion, up
$17.1 trillion in two years, growing at 7-8% annually
Central banks are trapped between inflation that won't die & debt loads that require low rates to service. Cut rates & you pour gasoline on the inflation fire. Hold or hike & the interest expense spiral accelerates. There is no clean exit
Watch heavy metals exceed expectations — even mine. What’s coming will require a new way of thinking & many investors won’t adapt easily. For decades, metals were largely dismissed, but nothing stays the same forever simply look @ the M2 & money creation. Sentiment is shifting fast & others will follow, especially after 47% of M2 growth occurred in just the last 5 years & only getting faster
Still looking for a even nicer pullback as QEvin Warsh heads into his 1st FOMC on June 17th
