The Comex precious metals took quite a thrashing today but so did just about everything else. The reason given for the selloff is the statement yesterday from the FOMC regarding rate hikes in 2023. OK, fine. But lost in the noise is the fact that the FOMC's statement only served to escalate the setup for 2023 and beyond. Why? Come on in and I'll explain.
For today, a lengthy general discussion where we try to put into words what I attempted to address in this morning's post. By continuing to hike, The Fed is only exacerbating the current/impending economic crash and, by extension...
