Stocks and Precious Metals Charts – Gold and Silver Roar Higher – The Fed Owns a Printing Press

from Jesse’s Café Américain

[…] It sometimes seems like we have cast off from our anchor even in nonsense, and have set ourselves adrift on a sea of make believe, if not wanton fantasy.

Stocks went roaring higher, going limit up last night, as the Fed has declared its intentions to underpin the markets to an extraordinary degree.

And so in response to this cash bazooka blast gold and silver went ripping higher today.

This was no safe haven buying, as was shown in the soaring risk assets and declining dollar.

No, this was a rush to sound money, and protection against future monetary debasement.

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