Sir Patrick

I am having a hard time reconciling your enthusiasm for Inflation.

Gold is rising in spite of this chart No ?

We have just experienced the mother of all Deflationary Events

The whole world is Shut down Indefinitely until Further Notice

And this chart reflects that !

Hard down then a quick vertical retest when all the monetary and fiscal responses were anounced ..then down she goes again…

Why are we so certain that all these trillions will reverse this deflationary Event ?

What if more Wealth is destroyed than can be printed ? That’s what this chart is implying

IMHO Gold is going up because of Deflation .

In Plungers Post Bubble Contraction there is NO Inflation…it’s 1929 !

The Dollar is King but Gold is The Emperor .