RE: Gold...17 Jun 2026 21:35
Excellent foresight From Gary Bohm
โEvery time the Fed has attempted to normalise policy over the last several decades, they have eventually hit a pain threshold where market dysfunction forces them to reverse course.
Warsh may be talking tough today, but what happens when the S&P 500 is down 20%+, the bond market is seizing up, and a midterm election is looming?
Is this time truly different?
History suggests it is not.
The U.S. economy is simply too heavily indebted at the sovereign, corporate, and consumer levels to withstand structurally higher interest rates for a prolonged period.
When the breakage occurs, the Fed will be forced to step in, provide liquidity, and effectively abandon the inflation fight to save the financial system.
This is the exact scenario that precious metals and natural resources are and will increasingly price in.โ