Our Economy (Part One of the Saga) So Are We Good Or What? Reliable Indicators Show Recession Ahead Don’t expect interest rates to rise anytime soon. So say our friends at the Fed. Federal Reserve Chairman Jerome Powell said, The US economy is in a good place and we will use our monetary policy tools […]
Tag Archives: Federal Reserve
The European Central Bank shockingly slashed the 2019 Euro economic outlook from 1.7% to 1.1%. ECB President, Mario Draghi, told reporters, The weakening in economic data points to a sizeable reduction in the pace of economic expansion that will extend into the current year.
As traders of precious metals, we have encouraged clients to increase rather than decrease positions in physical precious metals in 2019. After eight years of economic expansion and stock market growth based on artificially low interest rates, the risk in the stock market is arguably at an all-time high.
As the Fed meeting wrapped up as expected with no change in interest rates, gold ended the last week of January holding gains of roughly $40 on the spot market. More importantly, gold has broken through and held above key support level of $1,303. The gains for the yellow metal are primarily attributable to a […]
God created all things. The foundation of the Bible is Genesis is about the creation of our planet. It describes how our hills are filled with gold and silver. There is a limited supply of everything that exists. It is that way for a reason. The natural resources available to humanity are finite. It is […]
In a semi predictable economic environment, gold price forecasts from some of the major investment banks have been accurate. In early 2018, Citi projected gold to end the year at $1,270; Goldman Sachs projected $1,275 around the same time. These projections were extremely accurate. In 2019 Citi and Goldman see gold prices hitting $1,350 and […]
Just one week after former Federal Reserve Chair Janet Yellen warned of another 2008-style economic crisis, another former Fed Chairman issued an even more somber economic warning. Alan Greenspan, who served as Federal Reserve Chairman for near 20 years under four presidents, said investors should, run for cover amidst recent stock market volatility.
Janet Yellen, who served as Chairwoman of the Federal Reserve from 2014 until February 2018, made worrisome statements on Monday regarding the economic outlook for the US.