Gold at its 45 th record high for 2024 Silver at 12 year highs!!!! They say it's an inflation hedge yet powell says inflation is nice and tame and headed for 2%. .. Something isn't just adding up.....
Powell has been wrong about "actual inflation" since his first day on the job. He's managed Fed policy with the fantasy inflation numbers he wants us all to believe. If one can rely upon the grapevine, PTJ and Druck are both overweight SHORTS in treasuries... meaning they expect higher inflation and higher interest rates. It IS odd for metals to be rallying while the $USD is showing strength and interest rates are rising, .... those usually suppress gold/silver. Somebody's got this all wrong. FWIW...
Well Paul Tudor Jones was on Squawk Box CNBC today laying out the trade: 1) No fixed income 2) Short long duration treasuries 3) Buy any & everything that is a commodity including precious metals, stocks & Bitcoin He mentioned the only way out is the Japan way aka inflate your debt away.
i THINK cHAIR I have read that the FED and market makers have ""Friendly competitions, match the FED up against the traders. But i have never read that the FED lost any bets. And since they know the FED future moves, not at all wowed here by the FED's track record
Putin BRICS de dollarization movement away from US hegemony. Oil companies working with commie countries and Obama insiders working for China. Defense contractors making war for profit. All three branches of gov't knuckled under.
Been hearing that for years, but nobody making any progress. US deficits running $3T/yr. Just how does one inflate that away? Japan still has huge debt... all efforts so far have mostly resulted in trashing Yen.bt away "Inflate debt away"?
Deadbeat borrowers will likely NOT be able to borrow any more. those days will be over. We are talking here AA for incorrigible borrowers, The Pantheon of con artists. Currently at bumper crop status. Time to start the armaments programs again Need to change the tune. Rinse / repeat. etc. How did America fall so fast?? I was just reading about Julius and Ethel Rosenbergs/ Heck a few pieces of silver should cover it. Biden exit stage left.
I don't know if that is something to worry about. Look at how the VIX spiked in August. Gold and Silver stayed still. It is true that the metals are both now at ATH, but how do you actually read that looking at VIX?