You have to laugh ... J Powell had just finished stating to the press that the banking crisis is under control, .. banks are Stable and the Fed has drawn a line under the banking system with the First Republic Bank resolution. Within minutes PacWest and several others announced they were in dire trouble.... Oop's!
It's as though they are shrouded in mist when they sit in there ivory FED tower .. absolutely no idea whats going on outside there own privileged insular world, yet they get to make the decisions that impact global economies. Replace FED with RBA ... same breed of clueless academic morons.
Anyway, ... metals did well overnight. Should be a good day for holders.
Kingy
IVR Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
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