Post by
metalhead666 on Apr 14, 2023 11:07am
One FED hack sends gold reeling...LOL!
Waller....must hike MOAR!! Sends yields and the $ up....gold plunges. Hilarious! The FACT remains...they keep hiking until they break it. Break everything. And then of course they'll panic and slash rates like madmen sending gold to $3000 or more.
It's just a waiting game now but it's clear that the fake economy is rolling over. I think the May hike will be the last. That's in about 2 weeks.
If the manic psychos drive gold my select miners lower I'll accumulate more. Just buy a given $ amount each month now and build up a big stake...no hurry but aim to have full positions by late Summer.
It will all be coming unglued by then.
The internal monetary plumbing is as bad as it was in 2008. Bear Stearns folded but it took several more months for Lehman to crumble and the rest of the financial system to implode. It should play out in a similar fashion now.
Just dollar cost average in....do a little day trading and hedging from time to time and relax.
Comment by
goldstd69 on Apr 14, 2023 1:20pm
nothing like a fed comment on a Friday...what else is new...the fed hates seeing gold rising