with the 10 yr and 2 yr inverting and a currency war ongoing between China and Usa, gold will continue to shine. don't forget our central bankers are yet to launch their QE program and together with their politician friends and bankers, they will. Gold will definitely shine as banks will only start charging for keeping money in the savings accounts.
also, banks borrow short to lend long so if the US fed doesn't drop the short term rates again in sept then jamie dimon and co. are in trouble.
the fed will continue to help their buddies on wall st and make the president look good. bush did it, Obama did it and now trump. why do you think former fed chiefs have now come out and said, the fed needs more independence?? that's because there never was any. Obama sold his skin to make people believe he was different but they're all the same. so, more rate cuts & devaluation and printing.
why do you think trump phoned all the CEO's of banks last week?
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