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POSTED ON March 30, 2020  - POSTED IN Key Gold Headlines

Last week, Congress passed a $2 trillion stimulus bill in an effort to offset the economic impacts of the coronavirus. Most people have focused on the $1,200 checks to Americans and bailouts for industries hard-hit by the economic shutdown. But the 883-page bill does a lot more than that, including empowering the Federal Reserve to hand out billions of dollars in complete secrecy.

POSTED ON March 24, 2020  - POSTED IN Key Gold Headlines

We now have QE to infinity and beyond.

On March 23, the Federal Reserve announced it will purchase an “unlimited” amount of US Treasuries and mortgage-backed securities. The Washington Post called the move “unprecedented” and said that it goes “much further than what the central bank did in the 2008-2009 crisis.”

POSTED ON March 20, 2020  - POSTED IN Fun on Friday

Last Thursday, we embarked on a journey through the Southeast for business purposes and to check up on our kids who live in Kentucky. In case you were wondering, it is as crazy out there as you might imagine if you’re sequestered in your home following events through the news or social media.

Don’t worry; we practiced social distancing…mostly. And there was a lot of hand-washing.

POSTED ON March 19, 2020  - POSTED IN Original Analysis

Many people have likened the battle against coronavirus to a war and invoked imagery of the US fighting World War II. President Trump has even deemed himself a “wartime president.”

The president told reporters at a White House briefing that fighting the virus would require a sacrificial national effort just like it took to defeat the Axis in the Second World War.

POSTED ON March 6, 2020  - POSTED IN Fun on Friday

We all know politicians waste money, right? You’ve seen the stories about $640 toilet seats and bridges to nowhere. That kind of stuff enrages me. But it was kind of fun watching a politician waste his own money.

I’m talking about Michael Bloomberg, of course.

POSTED ON March 5, 2020  - POSTED IN Key Gold Headlines

With the madness in the markets over the last couple of weeks that led the Federal Reserve to implement a 50-basis point interest rate cut, Peter Schiff is starting to get some love in the mainstream media.

Peter was a regular on MSNBC, Fox News and other mainstream outlets in the months leading up to the 2008 financial crisis. He was typically the lone contrarian, insisting that the economy wasn’t great. Of course, in 2008, he was proved correct.

POSTED ON March 4, 2020  - POSTED IN Key Gold Headlines

Stop and pause for a moment and think about what just happened. The Federal Reserve says the US economy is strong, but it just initiated emergency monetary policy last seen during the worst financial crisis since the Great Depression.

Something doesn’t add up.

The Fed cut rates 50 basis points on Tuesday. It was the first interest rate move between regularly schedule FMOC meetings since the 2008 financial crisis. The Fed funds rate now stands between 1.0 and 1.25%.

POSTED ON March 2, 2020  - POSTED IN Key Gold Headlines

The US stock market continued its freefall last Friday. The Dow lost another 357 points to finish off the worst week since 2008. One would expect a safe-haven like gold to thrive in the midst of the massive stock selloff, but it had a bad day on Friday as well crashing through the $1,600 mark and plummeting as low as $1,568.

Gold rebounded Monday and was trading back above $1,600, but how do we make sense of its precipitous plunge? Has gold failed as a safe-haven?

The short answer is no.

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