So we toddle on to the first FOMC decision under the new Chair Kevin Warsh tomorrow, and a triple witch option expiration on Friday.
And of course, the signing of the big, beautiful Memorandum of Understanding between the US and Iran, which has yet to be publicly disclosed, later this week.
I hope it holds and that the interested parties will honor it. But I have to confess that my outlook is cloudy with a chance of false flags and spoilers.
Stocks popped and flopped, with the NDX futures hitting what may prove to be a significant high, barring hyperinflation.
Gold and silver continued to bounce off the recent lows from last week. Let's see how they make it through the FOMC and the triple witch.
I am in gold and silver for the longer term. Nothing has changed since I first made this calculation around 2001.
The dominant parties in the financial wars are evolving, and so the currency wars are ongoing. It seems a lot easier to forecast now in retrospect, than back then, when the wall of worry in precious metals looked more like climbing the Eiger than a walk through Muir Woods.
Have a pleasant evening.
Comments
Log in or sign up to join the conversation.