Jul. 16 at 4:02 PM
$GDX $GLD $SLV $B $JNUG
Real rates have increased roughly 18% since Gold's ATH in February. About +35 basis points & for gold, that's a significant move
RSI on 10yr yield currently @ 58.02
Gold fell significantly from
$5,620
Real rates rose ~35 bps
Real-rate momentum is now slowing but FOMC is on July 29th
Warsh will NOT BE raising rates. Currently the US is now paying
$1.35 trillion in interest on the current debt levels that are still rising & ~
$12 trillion of maturing debt in the coming months. This
$1.35 trillion is now eating up 24% of total TAX REVENUE ‼️
Simplistic way to think of this 24% of tax revenue going to US debt interest is 24% of your taxed income is now being used to simply pay the US govts interest on our debt
& if you caught it, the US govt is now asking for a bit more funding for the Iran war/aid to farmers which is now @
$95 billion that will double
⬇️Because they're making MONEY off of doing so ⬇️ No cure for human natural so get ahead of it