Posted on 03/13/2023 7:46:13 AM PDT by Kaiser8408a
All together now. The Fed has been printing too much money for too long and Biden restricts fossil fuel production. Ad in rampant Federal spending and we have INFLATION. Inflation led to The Fed to raise rates. And with rate increases and down go the banks.
Of course, The Fed and Biden Administration will overeact (e.g. offering deposit insurance on ALL deposits above $250,000 creating moral hazard risk). As such, we are seeing gold prices soar by 2% this AM.
In adddition to gold rising 2%, natural gas futures are up 6%
(Excerpt) Read more at confoundedinterest.net ...
....hang their heads in shame?
SHAME?
These are empty souls. They have zero shame.
Fixed it.
The last time I looked, silver is up 5%
That was my thought, also.
Now that the crisis is over, the Fed, et. al. can go back to focusing on their more important mission: inculcating organizational wokeness.
They are there to take care of themselves and their friends, not the people they supposedly represent.
In adddition to gold rising 2%, natural gas futures are up 6%
= = =
Will Methane go up?
Gonna need more cows.
Not sure I would categorize a 2 per cent increase in gold as “soaring” but as one who holds some gold (and silver), glad to hear it.
Now more commercials about buying gold and silver.
Anyone paying attention to the biggest gainer today...
Bitcoin - $23,700 - +12%
on the other hand, oil is down 3+ dollars.
“Soars”? 2% rise is soaring?
That hyperbole is overwrought this morning.
I read that inflation doesn’t actually make gold go up, unless the fed doesn’t raise interest rates enough to meet it.
Now there is a signal the fed won’t be able to raise interest rates for fear it would cause more bank failures.
That means... inflation won’t be kept in check properly and gold should go up a lot. Trouble ahead
Disclaimer: I don’t actually know what I’m talking about on this subject, and the people I read might not either
I said it elsewhere. The Fed is going to prop up crypto with this infusion of money (errh ... liquidity) into the banking system.
Take a look at NUGT.
Now up to $24,100 and +14%.
Insane!
Briefly hit $24,520 and +16%.
Selling off now.
When you see action like this it often means that panicked short sellers need to cover their position to avoid automatic margin calls.
LOL! Same. As an investment it's pure crap. But as a hedge in the event of a nation's complete economic collapse, it's good to have some on hand (physically) along with, you know, lead with copper jacketing.
Does this mean that the dollar is beginning its descend?
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