IAUM - Federal Reserve Asks Americans To Eat Soy 'Meat' For Thanksgiving

• Most people who own physical gold and silver for the long run aren’t going to second-guess their holdings because Powell is staying on at the Fed.
• With even more radical currency creation programs apparently being taken off the table for the time being, futures market traders took the opportunity to pounce on the short side of precious metals contracts.
• The bullish case for precious metals doesn’t assume hyperinflation or full-fledged socialism or some other extreme scenario. It assumes simply that the Fed will be unable or unwilling to stop stimulating.
• Evenif the central bank begins tapering its asset purchases, it won’t ultimatelyraise interest rates as high as they need to go to get ahead of the inflationcurve. Also, Powell is openly pursuing high inflation - well above the Fed’slongstanding target of 2% - and doing nothing to tame it.

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