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Friday, 10/20/2023 12:12:50 PM

Friday, October 20, 2023 12:12:50 PM

Post# of 661
10/20/23 @ 12:00 noon. Gold and silver are making big moves today. Gold is currently $ 68 away from its August 2020 all time high of $2073. Silver is making a big move today as well. The monetary system is failing as the 10 year treasury yield approaches 5%. This indicates institutional investors and countries are pulling their cash out. Pension funds, insurance companies and private sector funds are moving in trying to chase yield which is a fool's errand. Despite this, the yield continues to climb. Last week the US had a failed bond auction which is disastrous. Nobody wants to buy our debt anymore causing the Fed to covertly pump hundreds of $billions into it to keep it from collapsing. Our bond market is the linchpin to keeping the stock market AND the country financially propped up. Rising gold and silver prices are a strong indicator of a failing currency. The dollar is dying. Gold is reviving. -Lamont