More Stealth Accumulation in Precious Metals

Once again we have another session of risk-off action in equities where an economically-sensitive metal like silver would normally be walloped. Instead, silver has basically been green all session, which is all the more impressive after yesterday's gap higher breakout attempt from its latest consolidation. 

In addition, you will note the bottom pane on the daily chart, below, for the palladium ETF,  another precious metal. Buyers look to be slowly accumulating palladium with those big green volume bars over time, likely in advance of a sustained bull run.

Recall that the 1970s (the last time America saw entrenched inflation with a milquetoast Fed) featured precious metals thriving as the best single asset class, something the last few generations of investors would likely find impossible to believe. 

Furthermore, relatively inexpensive dividend defensive names like Altria and AT&T, two of my best long-term ideas for VIP Members dating back many years now, continue to act brilliantly to little fanfare. I fully expect these dividend names (which are less expensive and crowded than some obvious names like KO MCD PEP WMT) to handily outperform AI/tech/growth stocks in the coming years, a view I have been espousing even when it was not particularly popular...and still may not be, even now.