Friday’s rally was explosive in paper gold and silver, but don’t get too excited because they’re not decisively out of the woods.
There’s a good chance they landed into a bottoming zone due to geopolitical and monetary policy actions that surfaced over the last week.
It's a global recession & liquidity crisis. Consumer perspective shaped by what’s going on in their own world despite politicos ignoring the chaos.
A lot can happen between now and fall, but we’re at a place that’s neutral territory for interest rates, and the Fed provided a dovish hint last week.