...in the very short-term for markets in general, but more so for inflation hedges into the mid-term.

In the last few days, many stories have been published, like the ones linked below, and many with differing forms of support.  These may well account for general markets having looked quite bullish Friday.  Here is one that sums it up quite well.  Other samples are listed below this first extract.

https://www.thebeartrapsreport.com/blog/2022/10/22/inside-job/

"The Fed wanted to calm markets on the eve of their blackout period (which started Friday night, no more Fedspeak) ahead of their Nov. 1-2 policy meeting.  This is an extremely dovish sales pitch relative to PREVIOUS – extremely hawkish expectations – ..."

https://www.msn.com/en-us/money/markets/an-often-overlooked-economic-measure-is-signaling-serious-trouble-ahead/ar-AA13cdrB

https://www.msn.com/en-us/money/markets/copper-supplies-are-dangerously-low-and-can-only-cover-less-than-5-days-of-global-demand-top-commodities-trader-says/ar-AA13eeai

https://www.kitco.com/news/2022-10-21/Gold-price-dodges-a-bullet-but-is-there-a-chance-for-a-breakout.html

Be careful, though.  We've been fooled before.

VP