by Andrew Hoffman
It’s Friday morning, and the astounding long, massively broad list of “PM-bullish, everything-else-bearish” headlines since Wednesday afternoon’s post-FOMC Audioblog is incredible to behold. Which is why it’s never been more obvious that Precious Metals are the imploding fiat Ponzi’s “canary in the coal mine”; “Achilles’ Heel”; and all other similar analogies, metaphors, and comparisons combined. Or, for that matter, the “enemy” of all financial markets – which since 2011 in the West, and 2015 in the East, have been commandeered by desperate, dying governments.
To no avail, I might add, as the average global currency is at, near, or well below previous all-time lows; whilst commodity prices are at multi-decade lows, led by the world’s most important industrial product, crude oil, which is about to breach $40/bbl as I write; sovereign yields are at all-time lows, with many below zero; and aside from “last to go” markets like the blatantly manipulated “Dow Jones Propaganda Average,” most equities have been in bear markets for the past year-plus.