Loading ...Core CPI came in at .2% MoM (below the 0.3% exp and taking attention away from headline numbers – now you know why they work so hard to keep oil prices contained) – which is close to the Fed’s target rate – hence Nasdaq futures up 300+ points on its way to new highs with Trump and his tech/crypto team coming into power next week.
So the CPI lie was leveraged this reporting to distract from the LA disaster and keep the commies looking good as they step out of the fire (pun intended).
The bankers were out in full force yesterday in keeping gold contained selling almost 22,000 futures contracts, with silver speculators a no show evidenced in the lethargic increase.
Metals Daily Exchange Volume & Open Interest – CME Group
Add to that increasing talk in favor of selling Fort Knox Gold (it will never happen – I hope – move to Russia if it does with a paltry debt to GDP ratio of only 20%) – the commies are out in full force to keep prices contained.
The Coming Raid on Fort Knox | The New York Sun
As you say – just another day in paradise (thank you Phil Collins).
A very good buying opportunity is coming in 2025.
Cheers all