Actionable Intelligence Alert with John Polomny

Kevin Warsh, the new FED Chairman, gave his first Jackson Hole comments. Of course, he is going to fight inflation, not engage in QE, and be the next Paul Volcker.
Maybe that is his intent. We will see when the next financial crisis arrives. He will do what all political hacks have done before him: print money.

The Treasury Secretary sells himself as some kind of market genius who thinks he can intervene in markets to fix or quell issues that are structurally based.
He is wrong, as all interventionists eventually find out.
Gold and commodities to benefit, in my view.

The US debt has increased by almost $4 trillion in the last year. It is now poised to cross $40 trillion. This ever-expanding and out-of-control debt will be a positive long-term catalyst for higher gold prices and hard assets in general.

Gold stocks jumped around 20% over the past week. This has happened several times in the past. When this anomaly has occurred before, it typically represents a low in the gold price and further gains.
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Oil and oil product prices are rising. Long-term rates are rising due to higher inflation expectations. Cost of living and inflation are major issues for the US electorate. A Congressional election is coming, and time is running out.

The US has restarted bombing of Iran with the intent to force them to reopen the Strait of Hormuz. The problem is that product prices are soaring along with oil prices. Can the US accomplish its goal before higher prices force the US to back down due to political considerations?

The war between the US and Iran is back on, and the US strikes infrastructure in Iran. Iran is striking US bases and Gulf state infrastructure. Traders short on oil must be squirming.

I guess the ceasefire is over and the MOU is out the window. Iran fired on some more ships and US installations. The US bombed some rocks. In the meantime, the disruption to traffic in the Strait of Hormuz continues, and global diesel supply is under pressure. Maybe we are not going back to $50 a barrel as soon as many thought.

Global central bank rates are rising, leading to tighter liquidity. This is leading to lower prices for risk assets. However, I am convinced that in the end, all roads eventually lead to money printing by the central bank.

The MOU is in danger after the second day due to Israeli attacks in Lebanon. Does anyone actually think Trump can negotiate a lasting deal in 60 days? I don't see oil going into the $ 50s in this unstable environment.