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Bretton Woods Three is a Process, Not an Event
Powell is going to put us back on the Silver standard when we run out of Gold to repurpose- Chris Marcus, Vince Lanci
Today:
What happened at the FOMC yesterday to cause Gold to rally?
Premium: Switzerland’s Largest Cantonal Bank Weighs in
Yesterday’s Activity:
US equities rallied on Wednesday after the Federal Reserve signaled it still expects to cut near-term rates 3 times this year.
Market Commentary:
The price of gold has recently risen sharply, driven by speculative buying. This will temporarily dampen gold purchases by central banks, which means demand potential for significantly higher prices does not exist for the time being.
The underlying demand for gold, however, is stronger than previously assumed, The price of gold will therefore probably be even higher in twelve months’ time
About: The biggest cantonal bank in Switzerland and one of the biggest Swiss banks. They are the leader in universal banking business in the Greater Zurich Area.
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Price Action
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Market News:
Neuralink, the brain-computer startup founded by Elon Musk, introduced the first patient who received its brain-computer implant during a live-streamed event on X Wednesday- will come to challenge everything we believe about reality. Old news
"Intel will receive $8.5bn in direct funding and $11bn in loans from the US government to expand its capacity to make high-end chips, as it seeks to reinvent itself as a national champion in the sector and compete with the likes of Taiwan’s TSMC and South Korea’s Samsung." Source: FT- nationalising key industries
"The Justice Department is poised to sue Apple as soon as Thursday, accusing the world’s second most valuable tech company of violating antitrust laws by blocking rivals from accessing hardware and software features of its iPhone.- trust is breaking. companies are fair game
"Boeing has warned that it will burn more cash in the first quarter than previously expected as the US jet maker grapples with the consequences of the blowout of a door panel in mid-flight from one of its aircraft.- same
