Fed and POG, May FOMC next weekPOG is sort of hanging in there because US treasuries, 2---10 yr both significantly down, USD stronger thus treading water. I still think the Fed is going one more .25 next week to help Biden with inflation, you know my belief that the Fed is not neutral, no bureaucracy under the sun is neutral ---they've hired leftists for decades. Will POG still benefit---yes, because the news conference is just as important, what to expect going forward and imo Powell will signal a pause for next time. Could AR have something ready, like a positive NR to coincide, not likely but anything is possible. IMO