Posted on 07/10/2022 5:06:36 PM PDT by RomanSoldier19
Fears of further Fed tightening continue to weigh on metals markets.
On Wednesday, the Federal Reserve released the minutes from its most recent policy meeting. As CNBC reported, central bankers remain fixated on inflation.
CNBC Reporter: The minutes of the latest Fed meetings show that officials agreed that another rate hike of 50-75 basis points would likely be appropriate at its meeting later this month. Officials also acknowledge that there could be an even more restrictive stance that could be appropriate if inflation remains high. Now, the minutes show that Fed officials were worried about inflation becoming entrenched, that was debated several times in this document. Many participants viewed that as a significant risk.
The Fed has abruptly pivoted from insisting inflation is transitory to scrambling to prevent it from becoming entrenched. But worsening economic conditions may force it to pivot abruptly again to try to stave off a recession.
FOMC policymakers didn’t mention the “R” word in their latest statements. But markets are now pricing in an 85% chance of a recession. Data to come may confirm that we are already in one.
But as usual, the Fed will find itself behind the curve and late to act.
Among the indicators flashing recession warnings is the copper price. Often referred to as “Dr. Copper,” the industrial metal tends to have a better forecasting track record than most Ph. D economists.
(Excerpt) Read more at marketoracle.co.uk ...
Gold and silver prices manipulated? Tell me ‘taint so.
Gold and silver prices manipulated? Tell me ‘taint so.
Yeah, certificate holders are holding nothing.
Don’t you worry. This time around for sure they’re gonna get caught and forced to stop printing paper gold and silver. LOL
Metals will see real price discovery when the fiat currencies collapse. Not before.
bmp
The bible says 30-300 times the price it will run .. silver is short 400-1
It kills over 600 human pathogens without toxicity
All the covids
Human cells actually have a receptor for silver ... ussually empty
Silver clothes to block RF are selling .. getting bigger
The blue bloods were born w a silver spoon in their mouth
They were far more healthy thsn the rest of the pop.
JFK pushed silver as alternative currency
Didnt go well
Silver ionns cause dark blue veins
Interesting
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