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In his latest podcast, Peter tackles the Fed’s recent decision to hold rates steady, criticizing Chair Jerome Powell for downplaying inflation risks and questioning the central bank’s logic behind future rate cuts. He also addresses the patterns of foreign central banks ditching U.S. Treasuries for gold, rising national debt burdens, and the dangerous misconception that […]
In a widely anticipated move, the Federal Reserve kept its benchmark interest rate unchanged at around 4.3% on Wednesday but signaled potential rate cuts later this year, highlighting policymakers’ growing concerns over slowing economic growth and persistent inflation pressures. Fed Chair Jerome Powell acknowledged that external economists have revised upward their estimates of a recession […]
This week, gold prices pulled back by around $50 from last week’s levels, and silver dropped roughly a dollar. These movements coincided with the recent election of Donald Trump as the 47th President of the United States.
The troubled yen surged last week as the Fed cemented their decision to implement a huge interest rate cut as Shigeru Ishiba, an advocate for higher interest rates in Japan, won the election for Japanese Prime Minister.
Gold closed the week at $2,621 (up $43 since last week) and silver at $31.15 (up $0.44). This episode explains in-depth the massive Fed interest rate cut announcement. A new phase of surging inflation and higher metals prices begins now.
Fed chair Powell slammed the “panic button” this week. On Wednesday the Fed began a rate-cutting cycle in an environment of rising unemployment. This situation is historically associated with recession, but Powell is desperate for you to think that “this time is different.”
On Friday’s episode, Peter tackles an exciting week for gold, in which the metal saw an intraday high of $2,583. This price action comes less than a week before the Fed is expected to announce rate cuts that would resume the inflationary policy of the last two decades. Peter also hits briefly on the anniversary […]
Gold closed the week again near an all-time high at $2,512 (up $6 since last week) and silver at $29.82 (up $0.82). This episode we discuss Powell’s interest rate declaration, precious metals prices, a major BLS jobs mistake, and gloom for the boomer generation.
With Monday’s global market sell-off triggered by a panic in Japan, investors logged into their stock trading platforms to buy (or sell) the dip through institutions like Charles Schwab, Fidelity, TD Ameritrade, Vanguard, E-Trade, and Wells Fargo to buy the dip. But whether these retail traders were planning on panic selling or scooping up discounted […]
Gold closed the week at $2,387 (down $13) and silver at $27.91 (down 4.7%). This week’s GDP numbers give the illusion of a strong economy. In reality, the economy remains insecure. The Fed must cut rates; the recent dip in precious metals prices is unlikely to last.
Gold closed the week at $2,405 (down $5) and silver at $29.30 (down 5%). The US Federal Reserve is growing increasingly worried about the economy as recent data flash even more warning signs. Investors are rushing to gold and silver, pushing prices to all-time highs. The recent dip creates a buying opportunity, especially for silver.
