Gold _ Silver Crash Update_ What To Watch Now _ Tiggre _ Innecco

The markets are completely-- have done a one eighty.

They've gone from pricing in rate cuts to rate hikes, and they're now everybody's talking about this new hawkish Fed that we have, and everybody's so surprised because this was gonna be Trump's yes man, and he was gonna cut rates no matter, you know, how much they needed to be hiked instead and so on.

And it, it strikes me like how, you know, this isn't just like children in a playground.

This is adult supposed financial professionals who are saying all this stuff.

And, and I'm going, "Well, how do you know that the Fed's gonna do this?" Or, "Why are you willing to risk millions or billions of dollars betting on the Fed doing this, that, or the other?" And right now the answer is just, well, Warsh said so.

And I'm thinking, of course, [laughs] like what else could he possibly say? He's gonna go on his first Fed meeting and say, "Yeah, I'm Trump's yes man." Of course not.

He's gonna sound tough that he had to.

Now, I'm not saying that I know what he's gonna do any more than anybody else.

I'm saying it's a mistake for anybody to say they know what he's gonna do.

And just 'cause his lips moved, that doesn't prove anything.

Um, so here's the opportunity.

The, the takeaway from this, and, and bear in mind, I'm a due diligence guy.

I get paid to kick rocks.

I don't know what the Fed's gonna do.

But it strikes me that when markets price something in advance that just may n-may not be so, there is opportunity.

And right now, this narrative that the hawkish Fed and, and we're gonna hike rates, you know, we've seen this movie before.

The anticipation of rate hikes is always bad for gold.

Whether the rate hikes are bad for gold or not, usually not so much.

It's the dog that's bark more than the bite.

So that anticipation is, in my career, has always been very bad for gold, and that's what's in play right now.

What if that's wrong, right? So I, I see potential opportunity here.

Um, you know, the bad news is we've got five more weeks before the next Fed meeting, and Warsh has already said he doesn't wanna do much forward guidance, and I suspect that's probably something that we can rely on.

He's gonna keep pretty mum.

Uh, m-and maybe, you know, hope things change for the better for him b- in the rock and the hard place that he's in.

Um, but if not, what I'm saying is if the market is making a mistake, if, if my fellow gold bugs and I are right about real money and the market's making a mistake, then the persistence of that mistake is likely to put our favorite metals on sale even more.