Loading ...Re Bessent….completely agree…I thought his chat with Tucker was brilliant and yes being a bug he must know that letting Gold rip, will help reduce the debt liability and that to me is what is happening. Hence only Gold is really moving, if this was being driven by tariff fears from China then you would see other PM’s moving, far closer to Golds moves…that the ratio’s are still flying out , says this is a gold move and as you mention…where are the scum….how did they cover all those shorts…or have they….and what about all the paper promises that, the likes of JPM have to their ETF’s.
Gold at $ 14000, is only a tenth of the debt.