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Good charts. Those head and shoulders on silver and gold still in play unless a catalyst comes around.

The mortgage watcher doesn’t trust that the Fed will stop raising rates after one more this year if inflation is high. If they’re judging it simply on oil with this war it’s not going to bring it down when the ships are blocked or they continue to blow up refineries or pipelines. We can’t get any honest promises from either Ukraine or Iran from that. Their word they showed means nothing.  Question is are we headed for stagflation or a attempt for dis – inflation when raising rates will not bring oil prices down when it’s a shortage issue due to war not man made like the lefties and climate change  caused. All they’re gonna do is make the economy worse.

Oil, the dollar and rates are all down, so we’re catching a bid with the SM and the rest of the metals – even outperforming Bitcoin.

I guess if there’s one thing we’ve learned, the Fed never wants what they do to appear to hurt the SM.

Hope we can hang on, looks like they’re making $64 as hard as they can to breach.

Otavio (Tavi) Costa
@TaviCosta
·
6h
Hiking rates with one of the most expensive stock markets in history, the most irresponsible fiscal agenda on the planet, and a costly war in the background.

Embrace the volatility.

None of us own enough hard assets.

• Today short term trading for a few small as quick bucks will just get someone especially a newbie hurt. Teens trade these days.  I was just waiting to see what they said. Apparently they have just one more quarter point hike penciled in and nothing currently planed for 27 and maybe reversal 28. Nothing’s a sure thing but as of now. That shouldn’t hurt PMs too much if it remains like that but could eventually the economy. That will leave us mass data centers grid issues and watch  who’s going to use them after the manufactures are done and out of the picture except those with know how to keep them running   store their data and profit off their use like  and biotech. Some will be good but also in the wrong hands some will be bad.

Brussels hit with furious backlash after top Eurocrat Ursula von der Leyen unveils unprecedented plan for Canada to become ‘associate member’ of the bloc without asking EU capitals first, with diplomats branding her ‘bombastic’

https://www.dailymail.com/news/article-16135871/Brussels-hit-furious-backlash-Eurocrat-Canada.html

some good buying/covering in the last half hour. I think they goose the SM tomorrow and maybe we catch a bid.

maddog – that 5% 10 yr. will be defended. You can take that to the bank.

We’ll see, but we’ve had much worse days than this after a meeting.

and that was all she wrote .

The algorithms were just waiting for the go ahead and they got their waterfall. The shares were telling us this all day long.

It won’t change.

Said Lucy to Charlie

This is like the old days…will the PPT ride to the rescue and ram the SM up in last half hour ????

this gives us time to chase trains that come back to the station

always wins…… anyone recall when was the last time the metals action was separate of the overall stock market?

Easier to control chaos in a chaotic world when the machines control everything

…like tigger.

They haven’t been able to waterfall them. Resilient if nothing else.

I suppose we’ll see when Warsh opens his yap.

can’t see what bonds are doing in real time, but the dollar is taking its pound of flesh out of the metals now.

Pretty much as expected, the metals come down to meet the shares in the pit.

QQQ still acting like a champ though.

Same as it always is.

It’s volatile though, some buying coming back in.

Could we possibly hold our own?

Shares inching up into the announcement.

….well said. Ditto

I think everyone is expecting a hike, so maybe the rates got ahead of themselves, and the reaction might surprise and see the dollar take a hit. OTOH, rates are down 5 bips or so already, so how much more would they fall? Why is the dollar higher right now? It’s not up much but shouldn’t be up at all with the way the bonds are trading.

These are really tough days to do anything. At least 90% of the time pm’s take a hit. Pretty rare occasion when we see strength after a meeting. We’ve taken a hit after every meeting since March I believe. Maybe we’re due for a decent reaction this time around.

I have a tough time relying on the charts as buy points, the only thing that seems clear to me today is that either the shares are going to rally up to meet the metals like they should be doing now, or the metals are going to take a tumble to meet the shares.

One thing is sure, someone already knows, and it’s not me.

They would have to get artificial “wages” or profits down. Stocks and Real Estate should be part of the money supply, as per James Dines.

Millions of people have TONS of found money playing stocks and real estate. They don’t even have to work, because they have plenty of found money to spend and drive prices higher. We could even add Gold investments to the money supply.

Unfortunately, the young people and non union working people are all not keeping up with inflation because of such a low minimum wage with should be $55/hr in constant value dollars from 1970. $55 times 40 hrs is $2200/week which is what you need for a one bedroom apartment.

So…The only way to get inflation down, is like the Fediots did the last time around 1980. By raising rates so high, its kills the stock and real estate markets. I doubt they will do that unless thats what they want, a deflation.

I believe it’s 2ET

I bet they try and not ask…….