Aug 31, 2022
Powell's Friday speech: Tightening will continue longer than the markets expected. Stocks tank. Housing is rolling over big time. Europe's energy crisis is shutting down big parts of its economy. Austria's largest energy supplier, is insolvent — requires 1.7 billion euros to remain liquid, according to local media. The raid on Trump's house was either brilliant or stupid, depending on the objective. Gold and silver are languishing while all of the above gets sorted out. Lots of bargains in the mining space. Meanwhile, tons of bullion is being taken off the market by central banks and investors. Uranium is taking off as everyone restarts their mothballed plants.