I remember in my twenties, when I was strictly focused on my career, listening to a friend, likewise concentrated on his professional progress, explain how insignificant and irrelevant the institution of parenthood seemed to him. He didn’t see any upside to it… to his naked eye and with his superficial point of view, children were a task, a liability, a time-consuming choir that saps energy and offers nothing in return.
In 5th grade, a female classmate of mine was tasked with creating a school project about the risks of smoking. She was an amazing pupil and I knew that her work would be comprehensive and really insightful. I’m talking about the year 1995, so no World Wide Web to access endless testimonials or printable images, but rather more legwork of going to the library, photocopying dirty lungs, newspaper clips of cancer cases and collecting real-life quotes from doctors and such.
It’s not easy to overcome fear and trauma, especially in the markets. One of the hardest things in the world is to know the power of something that appears insurmountable, and still get a handle on it.
Wall Street is needlessly worried about stagflation and I’m very surprised about just how wrong they can be at times.
In a market as complex as gold, there are several moving parts, and if you want to be less surprised about big moves for the metal – both on the way up and on the way down – it’s imperative that you look not just at one of them, but at all of them simultaneously.
The FED came clean this week; they felt it was time, as we did. For months, even for the entirety of 2021, the FED’s role as an opinion shaper took precedence.
