by The Phoenix
Gains Pains & Capital
The sell-off in precious metals last week barely put a dent in their rally.
As I keep emphasizing, Americans see gold and silver as measures of inflation. Food prices, car prices, home prices, stock prices, practically the price of anything can rise and the average American won’t think “inflation.”
It’s a different story with gold and silver.
Once these precious metals starts ripping higher to the point that the average American notices it… then everyone and their mother starts talking about inflation getting out of control.
With that in mind, last week’s precious metals sell off barely hurt either metal’s bullish charts.