And joining us now is Tony Ardaban of Wise Wolf Gold.

There's been a lot of development in the financial markets.

I wouldn't talk to Tony about that.

Thank you for joining us, Tony.

That's good to see you, David.

Thanks for having me.

Thank you.

Yeah, what do you think about this?

You got the Powell Pivot.

Was it really a surprise?

Did they bake the stuff? We had a stock market jumped up on it, but we already had some people who said, well,

you know, we think they're going to lower interest rates earlier than we originally

thought, but everybody knows it going to lower it because of the election stuff.

But how has that affected gold?

Well, you know, you have a lot of the fake paper markets, and it's, I think it's helping

drive the price right now, especially in those sectors.

But that's really not what the issue with gold is right now.

And it was funny, I was looking at the headlines like, Santa Pal is driving the markets

and happy days are here again. It reminded me of something, you know, he used the word transitory. Him and Janet Yellen is about inflation. It was transitory. It was transitory. And then he became very hawkish. And then he raised rates faster than any rate in history. But I like what they described now as the rate that they're holding. They called it the terminal

rate. And I thought terminal really describes it better, doesn't it? It's a terminal now, David. And

so they've decided they're going to raise rates or lower rates three times starting in 2024

and perhaps into 2025 another four times.

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