The price of gold soars, but take a look at this…
Chaotic Early Trading On Tuesday
March 24 (King World News) – Peter Boockvar: Turnaround Tuesday after the strong rallies overseas but we still need this bill passed in Congress without some worrying about airline emissions right now. Save that for another day…
To learn which junior explorer is looking to drill multiple major tier one discoveries CLICK HERE OR ON THE IMAGE BELOW
Now that the Fed is buying corporate bonds in a workaround to the Federal Reserve Act, along with everything else they are doing EBAY better watch out because they might start buying what you’re hocking from your attic. We are also not far removed from the expressions of worry on the part of some Fed members expressing concern about excessive corporate debt that the Fed itself encouraged and enabled via its easy money policies so just as we saw in the last expansion and financial crisis the Fed lights the match and then shows up in the fire truck.
US Dollar Tumbling As Gold Spikes
In response to QE infinity and the Fed can now buy anything that is not locked down (but please DO NOT BUY US STOCKS as what’s left of capitalism will never be the same), the US dollar is down for a 2nd day across the board (the oil rise is also helping commodity currencies and EM) and gold is up nearly $100 after spiking by $85 yesterday. Silver is finally off its mat after indiscriminate selling over the last few weeks and I expect both to go much higher in this world of monetary anything goes.
The debate is beginning to heat up on when to start opening up our economy and it will be intense as we weigh the health and economic issues. I understand the needed balance but once we have millions more test kits in coming weeks this decision I believe gets much easier and to repeat what I said yesterday, those most vulnerable will continue to stay home while the rest of us start resuming life again, with masks and all the other precautions. And if we do get the virus, our current health will quickly conquer it and herd immunity will grow. Throw in some success with the talked about therapeutics and we can get past this quickly.
***Also Released: This Will Unleash A Bullish Move In Silver CLICK HERE.
***To listen to Dr. Stephen Leeb discuss the Coronavirus panic in global markets, helicopter money about to be dropped, why gold is headed way beyond the 2011 all-time high and much more CLICK HERE OR ON THE IMAGE BELOW.
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