OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

I skimmed the article for his remarks. We are seeing some deflation in manufactured stuff and some in food as well. I mentioned I got 60 eggs from Walmart for $6.25 a couple of weeks ago, same package went up to $7.43 two days ago. More likely Walmart greed than the onset of more inflation. That being said, gasoline is on the move higher with oil and we are seeing higher copper and other commodities as well. So, it’s a mixed bag. Things we need to live may see more inflation, things we can live without coming down as the economy rapidly slows.

I have to think that Gov’t. debt is the real reason rates need to come down, at 6-7% it is unserviceable.

Gold needs to act as our hedge hopefully.

They should do so much better if we can get our metals moving

As long as he sees inflation steadily decline he would think about reversing. That too many people on limited income at risk. He doesn’t think it will be soon. He said he doesn’t think the inflation rate will go to 2% until 2025.

I read a ZH article yesterday that kind of summarized what Powell said in the press conference afterward. He was sort of dovish. One thing stuck out to me that Powell said; “we could start to cut rates before inflation hits our target of 2%”

So, the USD is down pretty good this am working its way down toward 100 on the index. Technically, the dollar filled the gap perfectly and is heading back down as it should be, I would think to make lower lows.

We’re pretty flat, but that is to be expected the morning after. PM’s not getting hit today would be a change in a very long trend. Clearly, we should be soaring, but they won’t allow that because it would make the Fed look weak – can’t have that. However, last time the USD headed south there was a bit of a lag before gold and silver got going, so hoping we’ll get our “make up” move in the coming days.

Oil creeping up toward 80 at $79.50. The 10 yr. is up a bip to 3.866%. Tech stocks are loving life and screaming higher. Course we must have the dollar and rates falling together to have a decent move. Silver is looks better for now.

The shares look healthy premarket. Sadly, caution is warranted for today methinks.

August looms.