The FOMC statement said the committee would lower interest rates in the coming months if U.S. economic growth begins to slow down.
By then hundreds of billions of dollars of productivity will be lost.
Rates shouldn’t be as high as they are. The yield curve is flat and inverted.
Ignore this analyst.
I hope this is a genuine breakout for metals which have been mired horizontally for 5 years at least.
Why would anybody want higher costs for basic materials?
The private banks have this country just about where they want it.
The interest on the debt will soon outstrip all other in the budget.
i’m thinking this morning might be a good time to buy a couple tubes of liberties or buffaloes
The offshoring of industry over the last 20 years is what is hurting the economy. It’s difficult to “invest”, upgrade and buy new equipment etc. and propel the US economy to new heights when all the factories are off shored somewhere else.
I understand what you mean....but my gold and silver stash coming out of hibernation does not give me a "warm and fuzzy" feeling. Easy Fed and International oil disruption is not what I has hoping for this morning.
Easy money prospects are NOT why gold shot up. Rather, it’s the risk of recession because the federal reserve did NOT push interest rates up. Short-term rates are higher than long-term rates. Anyone who calls an inverted yield curve “easy money” is flipping insane.
This market reaction puts the lie to claims that we’re in a slowdown and about to enter recession, it’s justpartisan talking down by Democrats hoping to campaign on a weak economy in 2020.
Had that actually been the case, we’d have seen no such activity in PM’s.
My investor said gold will go up. He has a computer that tells him this, and his computer is usually correct.
An ounce of gold today is an ounce of gold last year, and next year. Like holding a rock or a pile of wood. Just easier to move around.
Trust in government is what changes, day to day. We know Trump will be gone in five years, at the least. We have a socialist crew of communists, with lead communists calling for a wealth tax, reparations, universal health benefits for the people of planet earth.
The day after Elizabeth Warren is elected and Corey Booker is her VP, gold will command twice as many dollars. That day may be closer than we think. We will have a different kind of trust on that day. A trust that we are the target of our government, and that we must lose our wealth to satisfy them. Much like chickens in a pen, a few hours before dinner.
Yes but oil not confirming at the dirt cheap price of 55.00