Gold is about to explode no matter what the only question was... would we have a deflationary recession where the 10-1 year yield spread normalizes because the Fed is forced to lower rates, or would we have an inflationary recession where the 10-1 year yield spread normalizes from the 10-year yield going higher due to rising long-term inflation expectations and the Fed won't be able to cut rates to battle the recession!
Everybody including us was expecting a deflationary recession, which would lead to a gold rally similar to 2011 where gold peaks out at the equivalent today of $3,882 per oz.
With the 10-year yield rising at a time nobody was expecting it to... it looks like the 10-1 year yield spread is about to normalize from rising long-term inflation expectations. This makes it likely that we see a gold rally similar to the 1970s that takes us to a 1980 like high, which would today be equivalent to $8,060 per oz.
Preparing Americans for Hyperinflation
