Just further strengthens the fundamentals for sustained and higher gold prices which should be alot higher then where they are currently if it wasn't for the bullion banks manipulating the market. I don't expect them to stop but expect them to slow down their interference in the futures market.
You have the take Powell's word that the Fed will maintain their asset purchasing programme and control interest rates, no mention of yield curve control, but they all interrelate, so expect the 10 yr treasury yield to be contained.
The one thing that cannot cannot be contained over the next 3 years is inflation, particularly, how the FED measures inflation through their bastardized version of CPI. They are expecting it to rise, they want it to rise, it will rise above 2.5% +. So interest rates/yeilds will be contained, CPI going to well exceed rates/yields. It'd take several years for unemployment to reach pre-pandemic level. This sets up for a multi year bull market in precious metals and other assets.
Previous metals has taken a massive beating over the past several months, so, has the most room to run.
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firstmac mortgage funding trust no. 4 series 1-2020
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