Look for weakness because that is the narrative you currently believe (based on WH occupant and not much else), you will find it.
Current inflation is the result of Covid, which is a culmination of government stimulus and Chinese supply chain bottlenecks. Unless we reverse those, eg. higher taxes and remove all tariffs with China, I highly doubt anything will just magically happen. On that note, if Trump gets reelected, I expect Covid v2.0.
Well, it's basically the same price action as $WTIC. And while we are on it, I wouldn't follow anything in commodities from Goldman Sachs. Their head of commodity research is/was a guy named Jeff Currie. He's in many youtubes for years now, perma-bear for silver. He's a total snake. For guys like him it's in their DNA. Spot it from a mile away. The Street is hugely short $Silver, millions. I think it goes back to the 1970's, Hunt Brothers & the FED. Short $Silver, put the proceeds into T-Bills. It was a cute trade, but when it's over, it is over. When the underlying goes up, the standup guys cover. We do it here. I think Currie has retired from GS. Another huge short is JPM. Didn't Jamie Dimon just announce he is retiring too? Both him and Jeffy. The FED goons. Rats, running for cover, lock in their pensions, insider stock awards (144) before the stuff hits the fan. Very unsavory. That's why I don't work on the Street anymore.
Foreign Sovereigns have been net reducing Treasury holdings for ~6 years. Now they are buying gold. Biden seizing Russia's foreign reserves 2 years ago was a really bad idea. Kleptomaniac stuff. CBs around the world notice it, and act accordingly. Say goodbye to U.S. Dollar as World Reserve Currency. The inflation is coming from the debt. There is stuff rolling over every week. So the FED has to buy the Treasuries. Where do they get the money to do that? They print it (create it digitally). That's where the inflation is coming from. It's just standard math, with a bunch of zeros on the end. Trump will Tariff the heck out of imports. Might help, longer term. But the U.S. doesn't have longer term. No country should import this much stuff. Debt to GDP is over 120%. No idea what other ideas he has. Odds of him fixing this are slim to none. Even if they leave him alone.