russellclark

So far asset prices are trading the way I expected them to trade... which is a good thing. If bond yields fell substantially, or the dollar rallied substantially I might get worried - but so far everything is moving as expected.

I am really struggling to not get bearish on gold and silver... the valuations given to silver miner Wheaton Precious Metals is not that sensible... and it makes up 21% of Silver Miner etf SIL US.

When I was young, technology was always deflationary. Then from 2010 onwards it became inflationary. Now I think markets are pricing in tech deflation again.