Unless you’ve been under a rock lately you may have gleaned that the US sharemarket surge has been reputedly based on the Fed’s stimulus rather than fundamentals. Last week the Fed quietly reduced its balance sheet for the first time since their unprecedented response to the pandemic. However they appear to be angling toward consumption supporting companies and not asset inflating banks. Goldman Sachs have significantly increased their gold and silver forecasts and the 2 moves appear related. We discuss.
https://www.ainsliebullion.com.au/gold-silver-bullion-news/goldman-e2-80-99s-up-gold-silver-forecast-as-fed-quietly-eases/tabid/88/a/2286/default.aspx
