XME Metals and Mining Bullish Pennant

XME Metals and Mining Bullish Pennant on Lower Rates, Cheaper Energy. Stagflationary Environment. Gold and Silver would be proxy trades, though overbought and overvalued relative to in my opinion relative to historical real rates which would now technically be in positive territory (Interest-Inflation). Though how this is calculated is up for Debate. If Inflation picks back up, and rates remain down, this is bullish for metals, as the relative value increases compared to the yield one could get on the dollar.

Disclaimer: I am just a guy on the internet. I am not a hedge fund manager though much of what I am saying is an attempt to articulate what I have been trying to learn from them and mix it with my own logic. If you invest based on my advice and lose money, that one is one you.