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Dec 18, 2023Liked by Russell Clark

My own two cents on why I agree with your gold view. Thanks Russell.

https://open.substack.com/pub/macrogold/p/its-time-to-talk-about-gold?r=g7ty&utm_campaign=post&utm_medium=email

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Great article as always, Russell. I am sensing a blind spot however with respect to your understanding of whether the US is actually equipped to slow down inflation back to <2% for any sustainable measure of time (5 years, 10 years, 15 years, etc.), due to the total national debt outstanding, increasing size of annual deficits (which are forecasted to increase still further), and the corresponding increase in interest expense.

At some point, it seems to me that it won't matter whether an administration "wishes" to keep inflation down, as that goal will directly conflict with their mandate to "not say no" to the electorate, as you keenly observed.

Merry Christmas to you and yours, and happy holidays to everyone

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This bull market resembles the dot-com bubble, which collapsed with oil prices well-below the highs hit at the start of the eighties and nineties. In any case, in your previous post you pointed out that the inventory of drilled uncompleted wells in the US has drawn down to the lowest level in nearly 10 years...

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