The "terminal rate"....that's the key to going all in....How many more rate hikes can the system take before it implodes? Right now the concensus is around 5.5% Fed Funds. I'm totally convinced that we will never make it that high before something big breaks.
The CBO...the government....is forecasting TRILLION $ deficits for as far as the eye can see. How can the tax and spend free shite for all government pay the interest on 35 TRILLION in debt? As time rolls by just the government will need to come up with a TRILLION and a HALF just to service this unimaginable amount of debt.
Forget about the "conned sumer" ....Trillions upon Trillions in debt with all their toys getting further and further out of reach as their Capital One card maxes out with 20% interest on their growing balances.
Zombie companies, funding for buybacks, pension funds, levered up hedge funds, the Robinhood apes on margin...mortgages, car loans, student loans which are not going to be forgiven by the free shite president....they won't be buying an $80k Ford 4x4 anytime soon will they?
The point is....MATH DOESN'T LIE!
There is a breaking point and its coming up fast. A couple more quarter point hikes...a few more half point hikes by the ECB....SNAP!
And when the chain reaction of default, bankruptcies, unemployment gathers steam....the stupid useless central bank gods will indeed panic. They will opt for keeping the mobs and their pitchforks and torches at bay and the "pause" will lead to the "pivot" and gold will never look back.
We are so close now....The May hike is my bet for the inflection point. Everything will be going off the rails and the mother of all gold rallies will have begun.
In 2 weeks or so at the next FED hike I'll double my miner stakes. I see no other possible outcome given the MATH