Excerpted from NFTRH54:"The chart clearly shows that we have actually had a deflationary backbone against which inflationary games have been played for decades. The significance of the EMA 100 is that it represents a macro line in the sand of the highest and most profound order. If it is broken, then the inflation alarmists are going to be vindicated in the strongest terms. The problem is, that it is not broken as yet and therefore an investment stance based on inflation getting out of control, is as I have been writing, high risk."
NFTRH54, out now. Enjoy the remainder of your weekend.
