New Found Gold Corp V.NFG

almighty buck

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Damn that Dollar

The U.S. dollar continues its rip-roaring ways, tagging twenty-year highs on the possibility of a delayed Powell Pivot.

We're watching the 50 SMA for indications that it's rolling over, that the Powell Pivot is imminent, and that the eagerly anticipated bull cycle in precious metals can begin its launch mode sequence.



This strength in the Greenback has been a buzzkill for gold. Since our last briefing, the metal fell below the $1800 level, but some (us included) still call for significant price strength in the short to medium term—Gold Seen Rising Above $2,000 on Inflation, Mining Veteran Says.

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@ashy2classy Federal Reserve Chairman Jerome Powell delivered a stern commitment Friday to halting inflation, warning that he expects the central bank to continue raising interest rates in a way that will cause “some pain” to the U.S. economy. In his much-anticipated annual policy speech at Jackson Hole, Wyoming, Powell affirmed that the Fed will “use our tools forcefully” to attack inflation