Loading ...although, I suspect it’s a meaningless Fed meeting and we’ll experience the same old. They’ll look for a way to smash pm’s after the announcement. Algo’s will be set to sell GLD and SLV as soon as the statement is read and then add to it as Powell speaks to the press.
Could get ugly too, because we have some holiday tomorrow called “Juneteenth”- I guess it’s also known as black appreciation month. Whatever. This country is run by lunatics.
They are not expected to cut, despite recent inflation numbers. The government needs rates back at zero to service the debt, but that would require the Fed to go full QE because the bond market is so weak – ain’t happening – especially with Trump as president.
Dollar is down a little this am, same with rates. SM up a little. Oil flat. Platinum is catching a bid. Most everything else is flattish.
There’s some eco data, but nothing likely to move the needle.
I’m sort of expecting silver to get bombed any time now. Maybe after the meeting.
Boring, I’m just waiting for the nukes to fly. Now that might be exciting. 🙂