Posted 18 November 2021 - 02:52 PM
wouldn't removing Powell be more bullish for gold and silver ? (rate raise cycle starting much later than anticipated)
Sure, the market bounced big today. The market just figured out who will be the next Fed president. BTW, I see both USD and GOLD may have topped ...................
Rising rates is Kryptonite to gold and silver prices as liquidity is being drained from the system which is deflationary.
As far as the nominee is concerned, it will be no different than what you have now...everyone on the board believes in Keynesian, so steady as that policy goes.
It's all about who will lead the U.S. into the new currency standard.
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