/biz/ - Business & Finance

>>19906013

Because, as Brady says, rising yields, which represent risk-free return, put pressure on both stocks and metals; and reduced liquidity is causing yields to creep up. Gold was falling in late 2019, and he had to calm people down by pointing to the same phenomenon. See his interview with Arcadia Economics in 2019. (https://www.youtube.com/watch?v=NsbPDtSv8mw.).) In that interview, he also accurately predicts the 2020 stock market crash.

He says that metals will soar permanently only once the Fed attempts to halt the stock market crash with YCC:

"The Fed’s liquidity taper increases the risk of a 2008-like spike in real yields in the next few weeks and months. But should this play out, it will be the last buy-the-dip opportunity ahead of the Fed trigger, when they flood the markets with obscene amounts of dollars printed out of thin air, imho. This will include capping bond yields on the upside, creating the asymmetric risk to the downside in real yields and upside in metals and miners."