Powell Pivot II Is Closer Than You Think – Silver Doctors


Gold and silver costs rallied on all this information, and the again third of the yr will see the very best, sustained worth beneficial properties of 2022…

 by Craig Hemke through Sprott Cash Information

Immediately’s U.S. financial knowledge is gloomy and factors towards worsening circumstances and eventual recession. The period of time earlier than Powell Pivot II kicks in simply bought shorter.

We have already got Fed Goons Bullard and Bostic beginning to stroll again fee hike expectations. Bullard warned everybody final Friday, and Bostic stated the identical on Monday:

And now this. First, examine Tuesday’s flash PMIs for Could and be aware how far under expectations they’re:

If that wasn’t unhealthy sufficient, try what greater mortgage charges have executed to new residence gross sales!

And for some salt within the wound, right here comes the Richmond Fed manufacturing survey:

Richmond Fed manufacturing index for Could -9 vs. +9 estimate https://t.co/t7KJ7boODy

— ForexLive (@ForexLive) Could 24, 2022

Thus, the looming recession and Powell Pivot drove a robust bid for treasuries, and as you possibly can see, the yield on the 10-year be aware is again to 2.75% and trying to paint a head-and-shoulder topping sample on the day by day chart:

Simply as Bullard and Bostic warned, fee hike expectations are actually falling…

*FED SWAPS DOWNGRADE CHANCE OF A HALF-POINT HIKE IN SEPTEMBER https://t.co/DqWEInjQ9n

— zerohedge (@zerohedge) Could 24, 2022

…and that is persevering with the drop within the U.S. Greenback Index that started two weeks in the past:

And the unhealthy information simply retains piling up…not simply in the US, however across the globe:

JPM pic.twitter.com/me9aMkh6mS

— zerohedge (@zerohedge) Could 24, 2022

“It’s Going To Get Really Horrific”: Fuel, Electrical energy Payments In Europe Might Leap To 4.5% Of Disposable Revenue In 2023 https://t.co/xD2c5P7GkC

— zerohedge (@zerohedge) Could 24, 2022

U.S. spring #wheat planting is advancing on the slowest tempo in additional than 20 years and was solely 49% full as of Sunday. Common for the date is 83%. Minnesota is barely 11% planted vs 90% avg. North Dakota 27% vs 80% avg. These two states develop two-thirds of the U.S. crop. pic.twitter.com/cZA0xKOWOY

— Karen Braun (@kannbwx) Could 23, 2022

COMEX gold and silver costs rallied on all this information, however not an exorbitant quantity:

However, no matter. It doesn’t matter. What issues is that you could plainly see now what we laid out for you on this yr’s macrocast. This will likely be a doozy of a summer time, and the again third of the yr will see the very best, sustained worth beneficial properties of 2022. After which wait till you see what 2023 brings…if we make it that far.

And as we shut, make sure you perceive that the short-term worth actions are basically meaningless. Sure, they’re aggravating and simple to complain about, however over the following 6-12 months—because the curtain is pulled again as soon as once more on QE—costs is not going to be remaining at these artificially-depressed ranges. Of that you could sure.



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