Warren Buffet probably the greatest stock investor of all time, has made a major purchase of a Gold miner, something that bearing in mind his past attitude to Gold, is a huge change in behavior, a truly momentous turn of events, for him and the mkts.
Today Powell basically said he was dead right, as inflation can now rise, under the new Fed policy and we all know that once it starts, it is the devils job to get it under control, again….plus this time debt levels are so insane that rates cannot be used, were it to get out of control….so this time they could be fighting a fire, with petrol…..so what do the scum do, they land all over PM’s, in an abject attempt to paint a happy picture…
This will not end well….Wanka’s lamposts may well be their fate…if they are lucky.