Back in the Metals, Planning to Add

To keep things actionable around here, precious metals and derivative miners seem to be finding a bid after their recent harsh shakeouts.

Fed Chair Powell's presser today featured more of the same from him, downplaying inflation risks and severely disrespecting the possibility of the dreaded stagflationary environment like the 1970s, with sticky high inflation complete with a struggling labor market. As you might imagine I continue to vehemently disagree with his views, and strongly suspect his complacency on stagflation risks will come back to roost. 

And, yet, I firmly believe we are already seeing as much (stagflation) in the private sector at least, with government jobs and government spending putting lipstick on the pig. 

Gold, silver, most of their miners, plus platinum (PLG as a proxy) and palladium (PALL ETF) remain firmly in play for me, as do uranium/nuclear plays.