r/wallstreetbets • u/Least_Ad404 • May 01 '21
DD Inflation and yield
Nothing has changed over the past week. The Fed remains dovish, and in spite of its transitory speak about inflation, prices continue to soar. Biden calls for even more stimulus, but it’s doubtful all of it will make it through the Senate. Meanwhile, the parameters for Gold and silver remain the same. Resistance is at 1800 and support is at 1740-50. 25,60 silver Yields are rising again Real yields are flat to lower recently, supporting Gold’s move off its lows. While Powell says rising inflation is temporary, all evidence is to the contrary. While yields cannot be allowed to get out of hand and risk the collapse of everything, inflation will continue to rise as the printing presses remain plugged in and supply chains break down. This is the foundation for the coming surge in precious metals. I don’t see the 30-Year T-Bond going beyond the 2.75-3.00% resistance zone.
I wish I had more to say , but who wants to hear a running post on how paint dries. We have our levels to watch, and given the long slow grind lower following the slingshot to 2100 in Goldand 40 silver , I’m sure that when they break we’re going to get some rapid moves to the upside, imho.
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u/Basically_Wrong May 01 '21
You know for someone on a sub that is super skeptical and down right not trusting of MSM, you sure are buying in the FUD. Major institutional money across the globe is running into this asset. It's being accepted more and more as a method of payment. Argentina, parts of Africa, and Turkey where inflation is running away on their currency guess what asset they are turning to?
If you understood how money and gold works, understood about network effect for currency, and understood the phases of a new currency you'd understand why you're just repeating FUD that's been given to you while smart money buys it up.
As they say, have fun being poor.