I’m sure that market observers will blame Turkey’s financial woes for today’s PMs selloff. At least for now, I think that’s convenient clickbait noise. Consider: 1. Inflation is still largely in check. Younger folks might think it’s getting hot, but us old timers would say most of you haven’t experienced hot inflation. 2. The Federal Reserve Board will likely raise interest rates two more times this year. 3. Even without higher rates, US treasuries remain the go-to around the world because rates are still superior to other major countries. 4. The economy is still growing. Now, tell me if I missed something, but with all of that, tell me why it’s a reasonable expectation that PMs will go up in price in the near term? And spare me the gold buying season in India and other nonsense spouted by promoters who want to sell us a gold IRA.