Not everybody in the mainstream is bullish on the dollar and expecting rate hikes as far as the eye can see. In fact, the global head of commodities at TD securities sounds a little like Peter Schiff.
In his podcast last week, Peter said that the recent dollar strength is nothing more than upside correction in the midst of a bear market, emphasizing that the primary trend is down. He also said he thinks the Fed may be near the end of its hiking cycle.
There’s a lot of optimism out there that passage of the Trump tax plan will juice the economy. Many analysts say tax cut optimism is one of the factors that continue to push stocks up, and that has created headwinds for gold and silver. But as we’ve pointed out, there are reasons to question this mainstream narrative.
Now some in the mainstream are even starting to question the mainstream narrative.
