Time to move back into Gold - stagflation on the way27 Mar 2026 19:41
Tavi’s chart captures the exact rotation unfolding right now: gold breaking higher while equities wobble, syncing instead with oil and hard assets. That decoupling screams stagflation signals....slowing growth paired with persistent price pressures that the usual playbook can’t easily fix.
What’s different this cycle is the Fed’s handcuffs. With the 10-year yield hovering near 4.5 and mortgage rates pushing seven-month highs around 6.5 there’s little room left to hike aggressively without fracturing housing and credit further. Supply constraints in metals and energy keep the floor under these assets even as the liquidation talk fades.
Setup urges to look for a portfolio moves toward tangible stores of value that governments themselves are scrambling to secure. I look for continued flows into gold, silver, and critical minerals names as neutral hedges gain favor over purely financial plays. The 1970s parallel feels closer than comfort allows, but today’s debt load makes the endgame even trickier....kicking the can down the road, right?