Theoretically, this week should be “good for gold”. But in the real world…
(by Half Dollar) It’s that week again.
On Wednesday, September 22, 2021, the Fed will conclude its most recent 2-day Federal Open Markets Committee meeting, or FOMC meeting, at 2:00 p.m., Eastern Standard Time, which will be followed by a Fed Chair Jerome Powell press conference at 2:30.
Recall that where we stand today with the overall mainstream narrative is this: The Fed can’t taper.
Two recent data points are the supposed proof of this narrative.
That is to say, the latest official inflation report was spun by the mainstream and the MSM Propagandists as evidence of the so-called “disinflation” that’s taking place right now, even though it’s not, and prior to the CPI, the latest official jobs report came in well under expectations and indicating, as the narrative goes, weakness in the job market.
In theory, both of these dynamics are “good for gold” because they indicate a Fed that must continue with the emergency uber-simulative monetary policy, commonly called “money printing”, in order to support the economy and “ensure smooth market functioning”, but in reality, well now, I don’t call it a Rigged Casino for nothing!
And even if it wasn’t a Rigged Casino, we’re talking about unbacked, debt-based fiat currency dependent on exponential, unsustainable growth, which means the US dollar hyperinflation is baked into the cake, so there’s that too.
There’s a lot of talk about a crashing stock “market”:
All things considered, as I’ve mentioned recently, crashing the stock market right now would give the Can’t-Taper-Fed the cover it needs to begin the next ramping-up of the money printing, and wouldn’t you know it, but the Cartel even has the cover to crash the stock market because of those dang Chinese commies and their stinkin’ contagion?
Financial, not Zombie Virus.
A crashing stock market would also bring some excitement back into the Rigged Casino:
Something, after all, has to be the initial spark for the upcoming increase in money printing.
Besides, the Federal spending plans, which will amount to trillions of dollars being spent on zero infrastructure, are pretty much already priced-in:
Not that it matters, of course, when you’ve got that whole debt monetization thingy going on.
I’ve said this before about the dollar, but it is important, so I’ll say it again:
“Hyperinflation is transitory”, and the people who do not understand that, much less take action with regards to it, will be financially wiped-out of any and all digital & paper “wealth”.
Speaking of digital wealth:
Real stuff is required to make the illusion even possible.
What is not an illusion, however, are the increasing prices at the pump:
And while everybody likes to talk about “squeezes”, such as the so-called “meme stock squeeze”, the real squeeze is the squeeze being applied to Joe Deplorable, and not in a good way, but in an “Economic Misery and Financial Ruin” kind of way.
So much for palladium’s bounce:
Palladium is one of those rare things I’ve been wrong about in that I was saying palladium was marking time, waiting for the other three precious metals to move higher and closer to parity, but now, it’s looks like palladium is the one who’s making the move.
There’s also a lot of talk about the upcoming US & Global recessions:
Which means the System Apologists, Enablers, Sympathizers and Worse will be saying some nonsense like, “the demand for platinum declines during recessions”.
News Flash: The demand for real money and real stuff increases during hyperinflation, and all things considered, platinum is arguably money, and there is no doubt platinum’s real, and really precious.
We’re getting close to the capitulation:
Which would mean a spike in the gold-to-silver ratio as silver outperforms gold to the downside.
In my estimation 99.999% of everybody who makes any comment about gold’s performance needs to eat crow:
The hilarious thing is that a good many of the Brainwashed Masses, the Walmart Zombies and the Sheeple pay for such crappy gold analysis.
Or is that pathetic?
It’s more like dropping additional nickels into the slot machine in order to maximize the potential “winnings” on that pull.
Gamblers in the Rigged Casino are, after all, forever in search of an “edge”.
Just like the Cartel is forever in search of the perfect baseball bat:
Not that it matters, for it is possible to fight the Beast, but it is impossible to win.
There is only one way to defeat the Beast and therefore end the manipulative price suppression of gold & silver.
Starve the Beast!