TFMR Podcast – Friday, October 21

What a crazy day to end the week. In what appeared to be a coordinated action, some slightly less hawkish sentiment from The Fed was combined with another massive yentervention. The result was a downward reversal in the POSX and a series of upward reversals across all “risk assets”, including Comex Digital Gold and Silver.

As we wrote this morning, the global markets were at the edge and staring into the abyss overnight and earlier today. However, the combined Fed and BoJ news turned it all around…at least for now. Next week? Next month? Nothing about today changed the overall…