Anybody bought a 2x4 or sheet of plywood recently? COMMODITY INFLATION IS RAGING
As KWN has recently illustrated, commodity inflation is raging. Here is a chart of the Wisdom Tree Commodity Index which is up 50% since 2020.
GOLD – BULL MARKET RESUMES
Inflation is likely to run well ahead of interest rates like in the 1970s. This means that negative real interest rates will continue which is very beneficial for gold and silver.
As the chart below shows, gold has now finished the correction since August 2020 and the next (temporary) stop should be around $3,000.