RE:RE:Good video from Seabridge CEO. When they do well, so do we.So Rudi Fronk CEO of SEA gets the picture and sees what the majors are waiting on. That is - and to get down to brass tacs about it, a Fed pivot translating to more, even massive amounts of Quantitative Easing to reinflate a faltering recession bound gasbag economy.
Regarding the timing, look ahead to late summer.
At any rate the Fed won't pivot to prop up the economy until after the debt ceiling circus between the Republicans and the Democrats plays out and is well out of the way..
The Republicans will claim they want deficit spending cuts the Dems don't want in a phony bologny show of restraint and responsibilty, when in true fact, niether care about spending restraint. But the Republicans will try to gain an edge of respectability and responsibility pretending to look fiscally responsible. It is all expected to play out until about June, stretching the limits when the debt ceiling must be raised but by no alternative choice.
Whatever concessions rhe Republicans gain in the process will be excused when the Fed is forced to pivot later in the Summer citing a flagging economy. And the Republican juggling act for spending restraint will prove to have been all for nothing.
All for nothing but nevertheless, the Republicans will gain some credibility regardless no matter how phony. The Fed will lose face with the investing public after the pivot conceding defeat with the inflation battle they in fact, never had a chance of winning anyway.
With more QE, the dollar will slide. The Fed will lose the recession battle as well and we'll enter into a time of very serious stagflation. Gold will break out then.
The majors know this and lay in wait.
I've been aware of all this since i began posting here.
Don't know how long Rudi's been in the kknow , but at least he's there now..
Many are starting to listen to what those far ahead of the curve on economic reality as it truly exists have been repeating, myself included, these past couple of years.
And as i said earlier a few times here regarding the next few months ...its just noise, expect a lot of it until summer and just wait it out.