Gold had been climbing steadily into the stratosphere until last night, when it began to lose momentum.

Having already stalled during overnight trading, with President Trump’s announcement of a reputedly “hawkish” Kevin Warsh to replace Jerome “Too Late” Powell as Federal Reserve Chairman, gold plummeted, ending the day down 10.2% and ending the week down 2.7%

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Unsurprisingly, as gold plummeted the dollar soared.

Wall Street seems to be rather enthused at the prospect of finally getting a replacement for “Too Late”.