The precious metals have made solid upside progress on the charts after consolidating through a bottoming phase and a rally.
Fall’s relief rally is transitioning to end-of-year seasonality as recession and a liquidity crisis combine with Fedspeak.
FTX crypto implosion a potential Black Swan event where contagion may impact the financial industry & individual investors in unexpected ways.
Gundlach: “housing prices are doomed and the economy could lose several million jobs... refinancing industry completely dead.”
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.