U.S. is in a JamGold is rebounding.
Big macro changes are in motion. The U.S. is in a jam. To kill inflation, interest rates have to exceed 10% but a return of interest rates to average historical normal rates will result in half of U.S. tax revenue going to interest payment. Interest rates high enough to kill inflation will bankrupt the U.S.
Banks see what is coming and are winding down their paper gold positions on the COMEX and taking delivery of gold. COMEX gold stock are declining.
