Deflation, decoupling and a new trend?

Question: Turds recent post, https://www.tfmetalsreport.com/blog/1853/passing-time , includes videos which point to massive deflation in hard asset pricing--the video is old. But I am somewhat confused--can we have oil falling to $10 and gold shooting to $1900. I don't think so, I'm in the inflation camp.

The recent action in silver/markets is interesting with markets getting slaughtered and metals rallying.

It seems like the action lately is the perverse feedback loop of: 1) bad economic numbers 2) Markets fall 3) Fed will respond to markets falling with QE to keep wealth effect alive 4) inflation sensitive assets rally in anticipation.

I'm confused. Thoughts appreciated.