RE:Look At The % Rises That We Are Looking At.The Fed must cut rates. Their stated mandate is to control inflation while keeping maximum employment. They are also completely independent of the administration. If anyone believes that, I have swampland here in Florida to sell you. Servicing on the debt of the federal budget is an enormous burden that is destroying the ability to spend as they would like. The pressure from the administration on the fed to cut rates, especially in an election cycle is going to be enormous behind the scenes. It would be shocking to not see rates come down starting in the summer. It's end game times. The Fed is painted in a corner. The only way the US budget temporarily survives is to lower rates and inflate money. That will work for a while and then we will have to deal with a dollar collapse.
Anyway, back to gold .... what an amazing run! I know we don't have all that much silver, but that broke resistance too. Copper up as well. Many here want to crucify JR for delays. Hell I want to shake his hand and thank him!