Powell said earlier today that "things had generally gotten better in the banking sector" and that "the banking system is strong and stable." Later that day, shares of PacWest Bank and Western Alliance fell by 30% and 60%, respectively, because they are the next two banks most likely to fail. But while banks are falling apart, the price of gold in USD hit an all-time high.

Someone is being dishonest, as the stock price of banks never lies.

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