Market Coiling
Mark Thornton examines whether the precious metals market is coiling after last year’s push, this year’s correction, and months of volatility driven by war news, Fed policy, the dollar, and CPI concerns. He lays out six factors shaping the market: refining bottlenecks, metals flowing east, stacker psychology, sluggish mining stocks, the limited effect of rate hikes, and the Fed’s continued accommodative posture despite its inflation-fighting rhetoric.
He then connects those market signals to a broader problem: government intervention and manipulation across interest rates, currencies, bonds…
The skinny
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