"Indeed, we’re seeing something of a perfect storm of monetary metal bullion. Not only is there the dollar debasement theme, but real interest rates continue to grind lower. While I may be skeptic about the role of real rates in permanently elevating equity valuations, there’s no doubt that they’re an important driver of precious metal price action."
Tuesday, July 21, 2020
Quote of the Day
Bloomberg's "macro man" Cameron Crise echoed today our message in Sunday's video commentary. I.e., he and I -- with regard to the present setup for stocks and commodities -- are on the same page: