Powells will Pivot but When - Craig Hemke #5607
Summary: Craig Hemke comes on the show to give a comprehensive update on precious metals\u2014which have been sinking. Craig says that it\u2019s remarkable that they\u2019re not even more down based on interest rates, the stock market, and the Fed\u2019s recent decisions. There seems to be a sense of complacency with the Fed, but it\u2019s time to acknowledge that they can\u2019t fix everything, and many of their recent moves have worsened the problems we\u2019re currently facing. Listen in for more insight from myself and Craig. Highlights: -Precious metals have been sinking -Gold and silver are down, but it\u2019s remarkable that they\u2019re not down more in consideration of interest rates, the stock market, and the Fed\u2019s moves -Silver is closer to/has already seen its lows -Craig is more worried about gold, running its stops -The Fed needs to make a choice between letting the dollar go to nothing, or killing the economy/stock market -People are viewing the Fed as an omnipotent force with full control over currency -There is complacency across the markets, but this is not a sustainable way of thinking Useful Links: Financial Survival Network TF Metals Report