**Must Read: Zombie Goldilocks
June 6
Today:
What if Peace Breaks out?
TD on Gold
Zen Moment: Bird Nesting
Good morning.
1- What if Peace Breaks Out?
We read a very good short note from Academy Securities today (at bottom) worth looking at from a Stock Market and Gold perspective.
It contains some very insightful macro commentary tying together Fed/Geopol events to market behavior in a way that makes a lot of sense. Thus it makes one think about what happens to Gold if they are right.
Since the Ukraine war started the Anti-Goldilocks economy we identified had kicked into overdrive. But now, rightly or wrongly, the AI revolution and perception of Fed policies endanger that. Goldilocks is threatening a return. That is all well and good for 401Ks, but a risk to Gold and to a lesser extent Silver.