Antonio Atansov from Resource Talks knows I'm not a professional economist. But that all speculators have to think about economics and he says I'm good at explaining things. I try. This time, he asked me about the dreaded wage-price spiral of inflation, whether or not consumer expectations really matter, and how the bad news on Main Street is good news on Wall Street market action plays out. But the main event was discussing last week's market action, which included a notable reversal in the "dollar milkshake" mechanism. My view is that this was important proof of concept and very encouraging for gold, silver, and eventually commodities investment, with oil and uranium being special cases. Oil, in particular, could have just hit an important turning point...
