Precious metals are finally breaking out relative to equities.
For the past year and a half, precious metals have done exactly what real bull markets are supposed to do: they’ve rewarded patience, punished disbelief, and steadily rotated leadership toward risk.
Base metals are entering a brand-new primary uptrend.
This entire year, we’ve been pounding the table on one idea: investors are wildly underestimating the structural shift unfolding inside base and industrial metals.
“Ending is better than mending.” — Aldous Huxley, Brave New World
Huxley wasn’t talking about the Federal Reserve, but he may as well have been.We’ve entered a market regime where policymakers would rather pump, patch,...