Loading ...At first I thought the PMs might move down into the meeting and almost did until Powell came out early announcing a possible recession. He likes to hold the secrets until just before he announces them. Now with a indication he’s going to start easing off on interest they’re just waiting for Christmas and how much they’re going to get.
Meanwhile on Bloomberg last night some people were asking what do they need gold for at this point seeming awful clueless that things aren’t better. They were talking up apple new gadgets and a bit Nvidia which is having temporary problems. One Chinese man holding pat and good for him on Gold.
They don’t seem to know what China wants it for either. So we got the clueless her expecting China to give us money for bonds so what, we can use it to make weapons to fight them over Taiwan. Maybe sanctions when they can’t sanction their physical gold. At what point will that stop.
I have some diversified hedges for Bitcoin miners and tech and the Sbit short Bitcoin still on green but dropped about 3 dollars while miners getting bids again. I’ll wait out the day. It will even out either way.