Gold was $2.300 up $42 when I got home. The clamps are off, shit's getting ready to hit the fan... [Pacman] The dollar tumbled, erasing most of yesterday's gains...
Bitcoin took a big tumble today, with reports that the alleged 'Silk Road' wallet moved 30,175 bitcoins to a Coinbase wallet (perhaps priming for a sale).
But while one 'alternative' currency is tumbling, another (older one) is rallying to new record highs... Spot Gold hit $2277 intraday - a new record high....
For a change, Silver outperformed gold today, with spot prices surging up to $26 for the first time since May 2023...
And Black Gold also surged up above $85 (WTI) - the highest since Oct 2023...
...we love the smell of stagflation in the morning... and gold is rising along with Fed policy-error-risk.
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Poster Comment:
This is why you NEVER put homo/pedo/tranny in charge of ANYTHING.
I've got one buddy wanting to "borrow" $6,000 for eight tires for his big rig, another wanting $3,000 for car repairs and the young ex-GF of another buddy texting me for money for drugs. I might slip her a few hundred bucks so she can commit suicide by fentanyl. She's got no future anyway.
I hate to see folks suffer.