I see Trump doing some sort of gold revaluation. IMO it makes no sense to do a revaluation for anything less than $20K an ounce for the reasons Gammon gives.
We know Trump has a lot of big things in the works coming by the time next July 4th and the 250th anniversary of the U.S.A. happens. I believe all these events will come before next July 4th and Trump of course will make a big deal out of it to his own credit of course.
Why is Trump so hell bent on getting Powell out as Fed Chief? I believe Powell might be standing in his way to do some of these things and Trump NEEDS a Yes-Man in place to ensure this process goes to plan. There has been a lot of talk that Bessent himself would be appointed Fed Head by Trump. Now wouldn't that be convenient. IMO this could be in large part why we're seeing all this pressure being put on Powell to resign. Get his ass out ASAP and get the plan ready to move forward.
Trump and Bessent have a plan. It may entail more than just a gold revaluation. They may be looking to monetize all commodities that the U.S. has into some sort of sovereign wealth fund too. I read that is on the table also, but this is right up Trump's ally and he will want to take some victory laps and be seen as the Saviour for us all next July 4th. JMO
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