I see some people saying, “it’s not gold going up, it’s the dollar going down” and things like that.
That’s not really the case, and there’s a simple test to see why.
When a currency cra...
You identify the gradual shift since 2009. That is the mispricing.
Markets anticipate a linear decay of the Treasury standard. The reality is exponential.
When private sector liquidity joins Central Bank accumulation, the move isn't just a correction. It is a convex flight to safety.
Markets anticipate a linear decay of the Treasury standard. The reality is exponential.
When private sector liquidity joins Central Bank accumulation, the move isn't just a correction. It is a convex flight to safety.
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