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Political Drama Hides Deterioration of Confidence
Trump: on ABC News, suggested looking into deporting Musk, quipping Musk might “have to head back home to South Africa,” and floated using Dogecoin agency (“DOGE”) to review his subsidies
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REPORTER: "Are you going to deport Elon Musk?"
— DogeDesigner (@cb_doge) July 1, 2025
TRUMP: "We'll have to take a look. We might have to put DOGE on Elon. You know what DOGE is? The monster that might have to go back and eat Elon. Wouldn’t that be terrible? He gets a lot of subsidies."
pic.twitter.com/gOZB96nsVh
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Gold, a composite trend in consolidation, should be correcting toward the lower reversal levels outlined in the latest Gold & Silver Report update. Those levels won't be reached if confidence continues to deteriorate. Neither Trump, Bessent, nor Musk fully grasp the magnitude of what’s unfolding.
Big Beautiful Big Only Kicks The Can Down The Road
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