Goldtent TA Paradise

While we are anticipating an emergency rate cut …

1. Chartsmaster says:

   August 6, 2024 - 5:22 am at 5:22 am

   That is the real reason they have not stuck to the duel mandate. They are more worried about gold, silver and the dollar than causing a recession.

2. pedro_deleon says:

   August 6, 2024 - 8:12 am at 8:12 am

   The owners of the central banks are only worried about one thing .. the bond market. And keeping governments (their enforcers) solvent.

   Everything else is secondary.
   And what they say is for show. (pretend)

   • Chartsmaster says:

     August 6, 2024 - 10:24 am at 10:24 am

     And that is why they are stopping silver from breaking out. If it does, the bankers are out of business. LT interest rates peaked in late April and have been dropping for over three months. While the bond market is LT important, it isn’t threatened in the short term. With Yellin doing more short term refinancing, the FED slowing the QT and the lower short term rates they have kicked the can to beyond the election and probably into 2025 when the recession will also give the bond market relief for at least a while longer. The critical factor in the short term are metals. Do they break out and end the derivatives game or can they keep them capped for a few months more?