Gold Futures Index (GOLD)

[trunkmonk]

Peter Schiff said this, and it’s exactly what has been going on for 3 years. This is one more reason gold will eclipse everything in the coming leg up up up. Before Powell was Yellen, who has made more mistakes than Powell, and been doing it for 7 years. Her worst mistake, and best thing at the time for gold, was when Powell raised rates and she didn’t repo debt before the damage to that market was done with higher rates. DIDNT they talk? Or are they that dumb?
Gold saw it all. And has been going up since.

When the president makes a mistake and the chairman of the Federal Reserve knows it’s a mistake, he doesn’t just sit there silent! It’s his job to criticize it, because the average American doesn’t know. … We’re supposed to put real smart guys to head the Federal Reserve— smarter than the average truck driver or waitress. So he needs to explain to that truck driver and that waitress what they’re doing is wrong. They’re going to destroy the value of your savings— of your paychecks. But no, he’s afraid to do that. He won’t criticize any policy because he doesn’t want to upset any of the congressmen. Why not? If they’re doing the wrong thing, what’s more important? Their feelings? Their political career or the country?”

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