CGP On The Hill

And you wonder why gold is down today...

15
Tue, Feb 26, 2019 - 10:52am

Well, nuts. I thought that CGP wasn't due on Capitol Hill until Thursday. That's my bad and what you get for your $12/month, I guess. And now here we are with the Comex metals getting meticulously rubbed lower, just as they always do whenever a Fed Chief appears before Congress.

Today's "testimony" is in front of the US Senate Banking Committee. Apparently Powell's date on Thursday is with the US House. Like it matters, right? Regardless, what does matter is that prices are being maneuvered lower, even though what Powell has supplied as his written statement is unabashedly PM...

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