Loading ...maddog – I don’t know much about Warsh, other than the name and that he’s been around in the banking/academia circles for a long time. They say he’s a hawk. I don’t know if that is true either. That won’t fly with Trump. If he is indeed a Bessent guy, that is the best news we could get. Bessent is awesome. I can only hope so. I truly hate the US Senate.
One more thing. Judy Shelton who I mentioned earlier said that Trump told her that in July 2026 they would revalue gold to $20K and introduce gold backed bonds. That might be the only thing that could help the dollar going forward. I believe her, Bessent’s largest holding is gold.
deer79 – the industrial guys should be buying today or Monday Shanghai as you say. This may not get a lot cheaper for them. We’ll see. I like how the shares are behaving for a change.