I urge you to read that issue (and will show you how in a moment), but in brief, traders are simply believing what the Fed has been saying about inflation being transitory.
The fact is, these traders are looking at the wrong inflation indicators at the moment, and the correct indicators are showing that real yields are now at levels comparable to the lowest levels of the 1970s.
Once the market realizes that inflation is going to be much stickier than the Fed is maintaining…and that we’re already in a 70’s-type situation…then they’re going to start rushing to gold.
The key, of course, is the timing. And I have something to say about that, too, in this month’s Gold Newsletter, including some key technical indicators that have just turned in gold’s favor.
Perhaps most interesting of all is a new mining stock recommendation that I reveal in this issue: