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Gold silver platinum et all were taken down during the night between before 2 and 3 am. Gas oil and equity markets were up except a few indexes and dollar was up a tiny bit. Fed wants dollar up to fight inflation they caused and see people lose jobs before they cut some think they won’t cut till September and think partially to lower COLA and let them all eat cake lol. Tarriffs aren’t a true measure of inflation because it’s not printing or devaluing the dollar like them but foreign trade war. I don’t know why they call it inflation.
Trump announced a trade deal with the UK that apparently the UKs been wanting for years anyways. Brussels may be a different story and possibly more hostile. One thing I don’t blame them when they don’t want toxic food. We don’t either. It took a trade war to find out they sell us bleached chicken and they don’t want bleached chicken.
I’m sorry to repeat myself, but last night ( and early morning) action in the metals, solidifies, in my mind, that this is a financial war as well.
Perhaps the BRICS are buying up the physical in the overnight Asian hours, and then London, and then the U.S., smack it back down to send a message to the BRICS???
Up big, down big and trying to find a place to settle. No surprise for the day after a Fed meeting. Goose the SM futures and throw some grenades at pm’s. We’ve seen this happen for years.
The question is whether they can continue this all day.
Silver holding up better than gold, but neither being spanked like they were earlier. PM shares are down a little but nothing crazy in the pre market. Dollar up some with rates. Bitcoin is the big winner, closing in on $100k again. Got there quietly.
Still early, anything can happen in the next 5 hours before the open.
“The only real deterrent to the future engineering of viral pandemics is brutal civil and criminal penalties enshrined into law that would categorize gain-of-function research as biomedical terrorism.
Anything short of that is public relations theater.
If the Trump administration can designate MS-13 a transnational terrorist organization, it can do the same with Moderna; it’s only a matter of political will.”
Doing a search after reading the Fed was buying Blackrock ETFs in 2020-1 during COVID and bonds which is picking and chosing to pump the market I found this. Currently they’re allegedly not buying but sold them and not buying or selling ETFs, treasuries or bonds to tighten bring up the dollar and make it harder for loans.
AI Overview
+2
Yes, the Federal Reserve (Fed) did purchase corporate bond ETFs, including those from BlackRock’s iShares division, during 2020. This was part of the Fed’s emergency response to the economic impact of the COVID-19 pandemic. BlackRock was hired by the Fed to execute the program, managing portfolios of corporate bonds and debt ETFs.
Here’s a more detailed breakdown:
Fed’s Emergency Response:
In March 2020, the Fed announced a program to purchase corporate bonds and ETFs to support market liquidity and address the economic downturn caused by the pandemic.
BlackRock’s Role:
BlackRock was selected by the Fed to manage portfolios of corporate bonds and debt ETFs, including those offered by iShares.
ETF Purchases:
The Fed began purchasing ETFs, including iShares funds, in May 2020.
Purpose of Purchases:
The goal of the Fed’s purchases was to stabilize the corporate debt market, which had been struggling due to the pandemic.
Eventually you will not only be forced to give up your biometrics … but also your data base will coordinate all the information the feds need to exploit you including medical, financial, work related, criminal, assets, tax, etc.
That says we bust up after the announcement. I’m not sure if they’ll bring silver back but the shares have been hanging around all day when they probably should be giving us most, if not all yesterday’s gains.
… in the EU (minus Polland – chuckle) in 70 firms …
… so show your disapproval by moving your accounts to another firm that is not part of this insanity if you are in one of these firms … and please … use cash whenever you can.
On social media, Rickards is intentionally vague, to get people to learn more and click on his link.. ( another reason why I’m a bit suspect). I know nothing about it, but what you’re saying makes a lot of sense….
As in the past, I would think that after the Fed’s announcement, the algo’s will initially smack the metals down. Where they go from that????
Allowing the use of precious metals in transactions will help tame inflation, restore the middle class, and protect the U.S. economy, supporters said. Multiple states are jumping on the bandwagon.
For some reason I was thinking that this “$150 trillion trust fund” was talking about the mineral resources of the US and also all the land that is Federally owned. I don’t think I’ve heard any specifics on that.
“substantiated” Absolutely! Fitz believes these underground cities-shelters exist. It should be looked into.
I was looking for anyway. The metals are cooperating, but I thought we might take a bigger hit in the shares. There are buyers despite the best efforts of the algo’s.
What if the scum have been pulled in, but the Hedge Fund Algo’s don’t know, so are still trading on ‘news’ as if the scum are actively suppressing PM’s…..the Algo’s that are long gold short the shares/silver/platinum have had nothing to worry about…..so must still be adding on any pull backs…..and being Algo’s the only pain they feel is monetary…..
There could be boatloads of shorts in Silver, PM shares and PLat and Pall.
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