Reinko

The Untold Story of U.S. Banks, and Other Market Observations

This article contains weird logic, quote:

Meanwhile, note the vicious decline in gold, as inflation themes have retreated to the back burner.

Inflation retreating to the back burner?????
As you see what is in the pipeline; producer price index, wholesale price index are all 10% or more year on year (and this for a whole lot of months now) it is hard to see inflation retreating.

For the gold retreat please read some of the other articles around gold prices on this website; massive short selling on the futures markets have driven down the spot price to such an extend that the normal relation between supply and demand has been destroyed.

Furthermore; what happens if you add up all the market cap of the banks in this sample? Rather likely it has declined in the last year... And not by a few percent!