Loading ...Yeah, maybe we’ll have to dance with the 33’s for a little bit.
Nonetheless, what we continue to see is just amazing to me.
Have the scum been told to keep their hands off the scales? The rise in gold has been orderly and in the last week in particular, I haven’t seen as many contract dumps during the day.
Our Treasury Secretary has his largest holdings in the gold market. I’d imagine he’s well aware of the games played on Crimex and with GLD & SLV. I keep going back to what he told reporters – “the big banks and Wall Street have done very well over the last 10 or 20 years, maybe even longer, it’s time for main street and community banks to benefit” Course I’m paraphrasing and going from memory. Part of his plan is de-regulation, but what he meant was current regulations favored the largest banks and were burdensome for the smaller banks.
I have a hard time seeing him doing anything that will hurt his portfolio, especially if he’s seen what the big banks have done to decimate the pm sector while regulators turned a blind eye. Sinclair always said the big banks would participate in the big move higher. Maybe they’ve seen the writing on the wall?
Regardless, Bessent impresses the heck out of me. If the Fed doesn’t help him with rates, he has a plan through treasury. No doubt he had a contingency for a hostile Fed. I don’t think it will be too long before the administration really starts demonizing the Fed in earnest. They are the last stronghold of the Globalists.
SM futures have come back a little, oil has completely reversed and is now up 1%. Dollar firming a little while rates have come back to flat.