StagFlation
So we saw silver is holding it’s ground… smelling inflation (as gold is). Now what about GDP? Or Growth? Look at copper.
We are (have) been heading in low growth zone which could last many years. Inflation + Low Growth = StagFlation.
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POSTING INFORMATION
How will PMs react? It depends on timing when we roll over. If inflation expectations can gather steam before next leg down on growth expectations… could offest steepness of sell off on gold and silver. Again.. timing gonna be key.