Jun. 24 at 7:46 PM
$GDX $JNUG $SLV $GLD $B
“DOLLAR DOMINANCE IS ESSENTIAL”
Scott Bessent has put in an easy to digest way this morning on CNBC but underneath the veneer is the countries have to pay attention to. Push back on those who are not aligned with us? Use the dollar or we will apply force. Comply or be coerced. This is called duress. They’re not even trying to hide it in word salads anymore
Bessent's framing it as reinforcing USD usage in global trade & energy, which typically pressures USD-priced assets like gold & silver lower as investors favor the dollar. Basically, doing everything he can to make people dump gold & buy treasuries & folks will fall for this, but in the end you also lose your purchase power
Also have a look @ M2 which is now over
$23 trillion dollars for the 1st time & with no plans on ever receding back. Before covid M2 was @
$15 trillion & since has increased by 53%‼️ since 2015 to 2026. US consumer's purchasing goes bye-bye forever & ever
https://youtu.be/igHITTURR_c?si=gpp3xP-LjGfyCloc&t=1588
