@Ken_Marek@LukeGromen@michaeljmcnair@ShamuCapital@commonplc 1/Could this be the 'how' in the Feb 21 WH memo about foreign capital being urged to leave? What would taxing dollar-held positions cause sovereigns to do in an environment where the admin wants the USD to weaken vs creditor currencies? I would think the set-up is nice 4 gold..
@michaeljmcnair@Johncomiskey77@dampedspring Early July, when the cat is out of the bag, just in time for the 4th, and the rumored "Mar-a-Lago Accord."...very interesting timing!
@michaeljmcnair /3 instead of an official gold repricing event? Since a gold repricing event would be a very public event and may sent the bond market crashing, which would definitely show their hand.
@michaeljmcnair /2...yen, euro, yuan all rise in relation to the falling dollar...Which would increase global demand back into gold (since at that point, who wants to the USD..perfect for reshoring), creating demand, which will feed back positively into gold pricing..wash, rinse, and repeat?
@michaeljmcnair@Cycle_Watcher@whhatisachoice Timing is one thing, education is everything. Thanks for sharing and broadening my understanding, and I'm sure of many, many others.
@michaeljmcnair Well Trump did exclude gold from tariffs, so there may be some support for utilizing gold in those terms, which makes you think gold will be used for other functions soon to follow.
@LukeGromen@btc_cfo@horizons59 Wouldn't that then behoove China from selling treasuries? I guess if they are looking to get out of the qqq..now would be the time while it's on the rise.
@davidbateman@LukeGromen@entreprenuri I think that's exactly the point. Create chaos to shake the market. That's exactly what he needs to do to weaken the dollar in order to reshore. He also loves to see the response and how markets react... he knew the market would tank today...