Loading ...The normal reaction after a Fed meeting. We started getting bombed the second the announcement came out, and then when Powell had his conference, things went straight to shit.
The dollar rallied all the way back and will close up nicely. Powell took the hard line on inflation – which inflation of course is very bad for pm’s. Once the DOW faltered, most of the shares followed, as well as GLD and SLV. Job well done by the Money Masters.
Just another day in Loserville.