Loading ...Definitely Powell is controlled by the Euro banking elites who are trying to unravel Trump’s economic plan, because it’s working. Their plan to destroy the west was interrupted, they needed America the most and almost had us with the third Obama term via Biden, flooding our country with illegals.
Powell will be fired, but the question is whether the new Fed chief will go outside the lines of his banking masters, I don’t see how he can do that, but we will see. Trump now needs to hang Powell for his theft of $2.5 billion taxpayer dollars via the Fed “renovation.”
Today we have a big test on a jobs report Friday. The SM might just be starting its’ long-awaited correction with futures down this am. They love to turn the SM to mush in the August-September months. Will pm’s be able to be insulated from the selling?
The charts are interesting. Silver needs to bounce off the 50 dma here, as does the HUI. Gold broke its 50 day but has been straddling it for a month now. All of them look like decent buys here if you’re a bull. Same could be said if you’re a bear I guess. 🙂
The pesky dollar keeps rising, but oddly enough rates haven’t jumped as much as they probably should have, the 10 yr is still below 4.4%. Seems to me it should have blown above 4.5%
My fingers are crossed that we can hold up here. I’m not crazy about the action in the silver shares premarket, but we’ll see. I suspect August is where the rubber meets the road.