Loading ...What If?
I see that FED Chair Powell has a speech today scheduled for 11AM. What would be the ramifications IF he decides to get out in front of his possibly not being renominated by Biden and says he doesn’t want to be reappointed to a second term. I would guess stocks down hard, gold and silver, sharply higher! What if?
If stocks go down really hard, gold, silver and the PM stocks will initially get taken hard as well but recover first.
Maneco64 reported that the head of the Bundsbank in Germany resigned – entirely possible – question is, if he does quit and isn’t ‘fired’, will he die of old age or something else, maybe a heart attack or suicide – all they need is a corrupt coroner – but those are cheap – oh wait, I think I’m getting ahead of things here…..
Not to get OT but GDX is going to 35 next week and will retrace (big resistance/support line). I see ZERO support/resistance between 32.50 and 35 and from 35 to 37.50 but again, that’s (second leg up) getting ahead of things. GLTA.
Taper Tantrum Friday… can’t let the inflation genie outta the bottle!