Silver traded as high as $91.50 before pulling back below $91. It likely won't stay below $91 for long.

Silver just broke above $90. It's now trading at $90.60!

It’s widely acknowledged that there’s an affordability crisis in the U.S. The only real point of contention is who’s to blame. Yet the Fed insists that its mandate is to add to the problem by ensuring that already unaffordable prices continue to rise by at least 2% per year.

So far, the best-performing assets of the Trump presidency are gold and silver. Do you think that’s a good sign?

Trump is correct that economic growth doesn’t cause inflation. His deficit spending and the Fed’s money printing and rate cuts are what's causing inflation. The main reason the latest trade deficit went down is that tariffs made imports more expensive while gold exports soared.

The 10-year Japanese government bond now yields 2.18%, and it’s the highest since 1999. I think a quick move up to 3% is likely. That could force the Japanese government to sell Treasuries to service its debt. The result could be a U.S. dollar and sovereign-debt crisis. Got gold?

CNBC is making a big deal about what they claim is good news on inflation. December CPI rose 2.7% YoY, but core rose just 2.6%, 0.1% less than expected. Meanwhile, gold and silver are soaring to new highs. That’s a much better indicator of inflation than a meaningless core CPI.

The presidential power being usurped by Trump will soon be wielded by a radical left-wing Democrat. The economic collapse that precious metals are foretelling will destroy the public’s perception of capitalism. Republican socialism is bad; Democratic socialism will be much worse.