good post. Looking accurate. I sold out from my two positions substanitally yesterday, gdx and slv (and sivr)....and sold the balance earlier premarket when silver jumped up there nicely for ten minutes in the pre market. It had been down at one point over 30 cents and then ran up premarket to where it was only down 4 cents before once again going back down.....blah blah
Your one point is well taken; it explodes as being completely false that the precious metals and their miners are an island of protection in bad times. The experience of the two severe recessions, 2001 and 2008 (and the fake covid mini recession) prove that gold and silver get squashed at least for the first half of any recession. They too get taken to the cleaners. Don't recall or have seen data on the 1970s, but gold stocks and silver were crushed for several years during the great Depression, I think about 3, as everything collapsed.........and people went to the dollar as "safe haven" or for whatever reason (your concept of who is actually in control of basically the entire universe."_?_....
So the question is, are we going into a recession, how severe, how long will it last?
I see now there is a Fed indicator that just recently said they or one of their "conf boards" said a recession today is around 69 percent probable, over the next year, something like that. How accurate are the FEDS own predictions? does the Fed and its predictors have any skin in the game? Does the FED today have a position on hoping they can dump the country into a recession to kill the inflation, blah blah
I think one can say, it is not a good idea to fight the fed, the country is in a disaster shape, and the data that says things are getting worse, is more probable than the other data that suggests things are not getting worse.
So for now, with the FED draining money from the system in support of its goals the best thing is to either short or buy treasuries I suppose?
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