Norman
7.7K posts

Norman
@nkrystad
«History Doesn't Repeat Itself, but It Often Rhymes» - Mark Twain



Stagflation is written all over this move today. Gold decisively decoupling from overall equities and rising in step with oil and other hard assets. So much for the liquidation narrative — it’s gone completely quiet now. Don’t believe everything you read. Metals remain supply-constrained, historically underowned relative to financial assets, and deeply undervalued in a world where neutral assets are in high demand as governments rush to build critical mineral reserves. The defining difference from the 1970s? A Fed with no real capacity to raise rates. Game on for hard assets. open.substack.com/pub/tavicosta/…



Silver 77.96 at the March 3rd pivot low is next resistance. Clearing that level on a closing basis and confirming would coincidentally negate a potential bear flag. Caution still warranted.

Inflation: Today vs 1970s People assume inflation just spikes up, but it comes in waves. With every downward correction, people think the pain is over, just to be smacked in the face by the next inflationary surge. Those who knew what’s coming made life-changing money, while those who failed to do so lost fortunes.






























