ShaunWhite wrote: ↑Fri Oct 17, 2025 2:48 pm
Dallas wrote: ↑Fri Oct 17, 2025 1:45 pm
The news story being pushed is it's due to the US shutdown, and although that may now be playing apart in it continued rise, this run started around 60 days at a time when very little seemed to be happening or have changed to trigger it
Not sure how much it's affected gold but the shutdown was inevitable after Trump announced his 'Big Beautiful Bill' a couple of months ago. And no sign of a resolution now that the swearing in of the new Democrat Senetor will trigger a vote on releasing the Espstein files. And the general chaos over there with DHS on the streets and the MAGA meltdown now that Rogan and Mad Marjorie 'space laser' Taylor Green are turning against Trump. Then there's inflation, the Qatar air base in Idaho, the $20bn gift to Argentina, Trumps mystery hospital visits etc etc etc. Even Fox and NewsMax are defying the new rules for Pentagon reporting publicly so it's all turning to dust.
Gold is a safe haven when the US economy is screwed and it truly is.
That little nutsack - couch fuking leader of the house will have to call them all back to swear that ARI senator in and currently it looks like he has no interest in doing that. Can't help think that would be slightly priced in already though.
The DHS stuff is sad but mostly performative. I live a mile outside of DC and go into the city a few times a week. Whereas there are a good few national guard around that Ive seen I have seen zero HSI/FBI about. There have been a couple of check points and videos of a few ppl getting picked up on the news locally. But a lot of these ppl have been under removal orders for years or have committed crimes. I'm not saying its not happening it just not near as much as the media would like you to believe.
It's brutal that a retarded lump like Joe Rogan has so much influence here. In another universe he would be someone's older stoner brother living in his mothers basement spouting off conspiracy theories that no one listened to. The airbase stuff is because of the plane gift? Also retarded.
All of this stuff adds up though i guess.
I personally think gold has be moving this way for a while because of our national debt. GDP only looks the way it does because of a massive rush to import a shit-ton of things when tariffs where announced. The bond market is the only thing that really matters to me as the SP500/NAS are not attached to reality anymore due in big part to AI spending madness.
