fed meeting the 12th , as a general observation, the gold market declines into the meeting and then comes out the upside after the meeting. qt is going to slow down the economy. taking money out of the system , by cutting back on its balance sheet and raising rates, is eventually going to slow the economy down. the fed is between a rock and a hard place. as they are bedded in hotel california, they can never leave the markets. they will be behind the curve as inflation starts to exert itself on the world economy more and more. and yet to prepare for the next recession they have to have room to lower rates. its been experienced by the eu , negative rates dont work. very interesting juncture here. got gold? got silver? w/another 10dsi reading this week for gold a bottom is being put in.
dharma
G7 today and tomorrow, lots of trade strife and not gettin along happening, June 12 is Korea summit as well, and Fed, big time convergence it appears
Senor