Gold & Silver. We're in a good place right now

Get Ready for Permanent Inflation

Good Afternoon.

Today was an informative and eventful one on the desk. Much of the day was managing risk and surfing social media for clues on the FOMC. The findings did not disappoint.

The markets today showed their hands and perhaps what they fear most about the upcoming FOMC decision tomorrow. More on that below. (Full prep late tomorrow morning and special Founders note as well)

Today’s format is a series of observations and information towards putting the day’s events in perspective. Starting with the Markets themselves. The Gold Commentary is stand-alone if you want to get to the good stuff.

Contents:

1. Market recap

2. What Does it Mean

3. Credit Event Risk Rises

4. Gold & Silver

   1. **Bloomberg on Gold excerpt

   2. TD on Gold excerpt

5. Trader Notes

   1. Bond market voice note

   2. Anti-Fed Bond market rant

   3. Uranium observation and comment

6. FOMC Quick Comment

7. Bloomberg on Gold in a recession and TD CTA info