J.Powell went for a modest rise (25 points) but was dovish in his comments.
if there are other banks leveraged the same way as SVB/Signature/First National then we're gonna see more breaks in the system as rates further increase. There will be more weakness and more nervousness and less confidence and most importantly less TRUST in the system.
If this trend continues it won't matter what happens, physical gold will go mental. It will be only a matter of time before gold equities follow suit.
Ann: 2022 Annual Report, page-17
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