Helping our clients achieve superior risk-adjusted portfolio performance
is Merk's mission

"Shrink the Fed, Tame Inflation, Manage the President" -- @greg_ip lays out Warsh's homework. wsj.com/economy/centra…

The recent plunge in the price of $gold is

I never thought I would have empathy for Mamdani... he has a cat allergy and his wife wants on a cat in the house.

That's cruel.

wsj.com/us-news/mamdan…

"Boom in precious metal...caused major pain for companies that need the stuff"
Unlike gold, silver has extensive industrial use. When folks start hoarding it, there's pushback -- for now from users, but maybe from regulators at some point.
wsj.com/finance/commod…

Meet nominated Fed chair Kevin Warsh. @WSJopinion lists a few of Warsh's criticisms of the Fed:

"I don’t believe the Fed is owed any particular deference in bank regulatory and supervisory policy. Fed claims of independence in bank matters undermine the case for independence in

If you take the emotions out of today's markets, my quants tell me this is classic deleveraging.

My own 2 cents: keep in mind this is month end. Even if you participated in the rally in precious metals, you want to show your clients you've taken some profit.

As my tweeps know, I believe Warsh is the right man for the job at the Fed as this juncture.
I received the message below suggesting that is may not matter, that the Fed will ultimately ensure government can afford to service its debt.
Agreed that monetary policy cannot fix bad