US CPI report…Rearranging Chairs on the TitanicTodays much anticipated CPI report.....the market is now responding to the FEDs actions rather than fundamentals ..was slightly above expectations hence we see this pause in the upward momentum of gold.
Powell has already stated that more bank failures can be shortly expected which will have to be dealt with including boosting Reserves .
In the meantime, the US is adding $1 trillion to its debt every 100 days.
No one expects this debt to be repaid.
And the BRICs continue de Dollarization and accumulate gold.
So ignore the slight pullbacks in POG and take advantage of any aligned stock price pullbacks..