‘I got out of my bank stocks’: Why former Fed insider Chris Whalen is betting on gold - Kitco
‘I got out of my bank stocks’: Why former Fed insider Chris Whalen is betting on gold - Kitco
Source: Kitco
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DW NOTE
Chris Whalen sold his bank stock before gold hit $4,164. That's conviction, not timing — bank balance sheets are leveraged wrong-way bets on a yield curve the Fed has engineered into positive slope at 5.10% while running a $1.8 trillion deficit. The trade isn't prescient if the setup was obvious.