Finally Here
After what seems like an eternity, elongated by the distraction of Biden stretching out the timeline for his choice of FED chair, I just heard in the backround as I write this post, that the announcement will be today. My title doesn’t refer to that news but to the fact that the precious metals have acted as expected and outlined in my November 5th post.(see below) I did get distracted by the noise, thinking the liftoff would come earlier than the usual, just after Thanksgiving that I have written about often. https://goldtadise.com/?p=515287
I am sticking with my expecting it to be Brainard but it makes no difference in what happens with gold and silver, except maybe, for the initial reaction. Either way the bull market for the metals takes off next week and 2022 will be a barn burner.
As gold and silver get bombed/strafed without mercy…
mope
Biden Keeps Powell as Fed Chief, Elevates Brainard to Vice Chair Uh Oh… Better sell everything pm related as the super inflation fighter, Powell is kept in key role. LOL
Well, I got the pick wrong. I think I nailed the reason for the drawn out delay. He needed the Progressives to vote for his two bills. He got that but strung them along. Pocahantas isn’t going to be happy.