To put into perspective:
Nonfarm payrolls YoY still is well below the worst part of any other economic downturn in history aside from WW2.
Monetary dilution & fiscal indiscipline are here to stay. pic.twitter.com/1T3ZqJ7EFP
— Otavio (Tavi) Costa (@TaviCosta) December 6, 2020
So much for the end of the bull market on gold.
Here are the other 6 times gold fell more than 10% in its last cycle.
Mute the noise.
It’s time to own precious metals. pic.twitter.com/OeaptlbT8S
— Otavio (Tavi) Costa (@TaviCosta) December 7, 2020
This chart has never been so relevant.
The macro case for hard assets is the most compelling I have ever seen. pic.twitter.com/kW3ZXMyCG6
— Otavio (Tavi) Costa (@TaviCosta) December 5, 2020
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