Silver Smashed As Trump Chooses Next Fed Chair
Market volatility surges as a wedge of black swans fly into view
London | Brisbane. 2nd Feb 2025. For immediate release.
Financial markets were very volatile on Friday as regulators sought to crush Gold and Silver prices which were going parabolic. Equities and cryptocurrencies also fell as the USD surged, reversing recent weakness.
Precious metals were hammered as the COMEX introduced even more stringent margin requirements which forced leveraged funds to liquidate. A Chinese Gold fund also blew up, locking investors out of their accounts. Thus far, Gold has lost 16% and Silver 40%. Despite this, a shortage of Silver and central bank buying of Gold should keep losses contained.
Trump nominates Kevin Warsh as new Fed chair. Despite him being in the running all along, this was a surprising and welcome announcement. Warsh is a former FOMC member and advocate of responsible use of its Balance sheet. The USD rose on the announcement
Another batch of Epstein documents were released on Friday and the contents were way darker and way broader than previous releases. Former US Presidents and technology company leaders were to the fore, but one surprise mention was of Satoshi Nakamoto. A number of high profile public figures have already fallen on their swords.
Ian Reyolds: Trader & Investor | Former Bank Foreign Exchange Market Maker | Early investor in Bitcoin & Tech Founder. Helping investors understand the radical changes coming in macroeconomics and geopolitics.
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