People are convinced that certain things will happen - like inflation or hype-inflation. The gold chart shows that people think that the new currency is gold and that QE means gold to infinity...
I think we are in for downside surprises in all markets...in addition to a lot of false breaks. This is one of them IMO. And if that is the case, its NOT good for any inflation asset.
Friday: Personal Income and Outlays, PCE Prices, Fed Chair Powell
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All US markets will be closed in observance of *Good Friday*.
[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top t...
1 hour ago