The August 31st edition of Notes From the Rabbit Hole went deep into gold, silver and especially the miners this week (to the near exclusion of most other markets), discussing near-term technical probabilities and long-term fundamental views, along with a lot of other “need to know” details on this now booming sector. NFTRH 878 closed with something of a big picture macro/philosophical view before wrapping up with the Portfolios segment.
Big Picture Macro & Precious Metals Bottom Line
It’s a bull market, baby (or per Old Turkey, “it’s a bull market, you know”). Thrills and spills ahead.
But the supporting theme is the new macro and its new rules that we’ve anticipated since the 30yr Treasury yield Continuum broke to the upside in 2022. Since then, the job has been to interpret the implications of this big picture macro trend break, along with other indicators of major change.
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