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House Passes Set of Bills That Give Child Care Industry a More Than $60 Billion BailoutJul 30, 2020 - 04:45:18 PDT
The U.S. House of Representatives on Wednesday passed two bills that provide over $60 billion in direct funding for the child care industry in an effort to help providers nationwide reopen and improve the safety of their programs.
Dollar Will Weaken Further While Bond Yields Strengthen, Wells Fargo PredictsJul 30, 2020 - 04:42:18 PDT
Wells Fargo Securities' Michael Schumacher explains how the latest Fed decision on interest rates will likely influence two key areas.
Historic Second-Quarter GDP Report Will Show How Hard the Economy Crashed in Virus ShutdownsJul 30, 2020 - 04:39:55 PDT
When the government releases GDP data Thursday, it is expected to show an unprecedented, nearly 35% contraction in the second quarter.
The coronavirus has infected more than 17 million people around the world as of Thursday, killing at least 667,060 people.
If the gold price is unpleasantly high now, what will the price be if the world ever realizes that most of the gold it thought it owned doesn't exist...
The Fed now has a major problem on its hands...
"A veritable explosion of paper gold is in progress...a chain reaction to ignite precious metals..."
Jul 29, 2020 - 13:20:48 PDT
Metals are set for a new super-cycle, with prices to rise for the next four to five years on government post-pandemic stimulus, and silver set to be the star performer, Paul Cronin, CEO of base and precious metals mine developer Adriatic Metals told S&P Global Platts July 29.
Is This the Beginning of $8000 Gold? Mike Maloney, Chris Martenson & Mr Jeff ClarkJul 29, 2020 - 13:16:42 PDT
Last week’s video with Mike Maloney, Chris Martenson and Jeff Clark was received so well by our viewers that we’ve decided to make this a weekly event. In this installment, our team discusses whether this is just the beginning for gold, where the new buying pressure is coming from, and a whole new chapter in freedom - decentralized media. Enjoy.
As one would expect, markets were dominated today by Powell's words with gold and stocks rising after the FOMC statement:
Deflation pushes up the real interest rate and makes it harder to pay down debt.
A new record above $2,000 seems inevitable — and investors can thank stimulus from the Federal Reserve, low bond yields and a weakening US dollar for that.
JP Morgan's latest report is bizarre, not because the title is completely outside the realm of possibility, but rather, the explanation makes little sense...
Gold Futures Near Record High, Stocks Surge As Powell Promises To "Do Whatever It Takes"Jul 29, 2020 - 11:40:06 PDT
For now stocks are unmoved but the action remains in currency markets as the dollar accelerates lower on Fed promises to "use all tools" and extends its global bailout swap lines.
The Nation Is Falling Into the Abyss Between Wall Street and Main StreetJul 29, 2020 - 11:25:18 PDT
The abyss between the Fed's illusion of phantom wealth for Wall Street and the collapse of Main Street is bottomless, and our descent into the abyss is accelerating.
Rubino says look for corrections in the gold and silver markets that will be “pretty scary” but adds, “This is a buy the dip market . . . . The long term trend for gold and silver are in place, and nothing is going to stop them short of their ultimate fair value.”
Watch Fed Chair Powell Detail the Central Bank’s Latest Decision: 2:30PM, ESTJul 29, 2020 - 11:15:03 PDT
Watch Fed Chair Powell live as he details the central bank's policy decision and answers questions from reporters.
GOLD SOARS To New ALL-TIME HIGHS As Fed (To Nobody's Surprise) Holds Interest Rates SteadyJuly 29, 2020
The Fed's latest FOMC Statement just hit the tape, gold & silver are on the move, and Powell plays t-ball with reporters at 2:30 p.m. EST. Watch it here...
Fed Goes "All-In"-er, Promises Low Rates For Longer, & To Buy Every Dip Until Virus Is GoneJul 29, 2020 - 11:06:27 PDT
"...The path of the economy will depend significantly on the course of the virus..."
Fed Holds Rates Steady, Says Economic Growth Is ‘Well Below’ Pre-Pandemic LevelJul 29, 2020 - 11:01:54 PDT
he Federal Reserve held interest rates steady in a decision announced Wednesday that came along with a tepid outlook on the coronavirus-plagued economy.