The Fed Hit the Panic Button and It’s Making Things Worse

The Fed Hit the Panic Button and It’s Making Things Worse

Mar 10, 2020 | Fed

Stock markets have been getting hammered, ostensibly because of the economic impacts of the coronavirus. Peter Schiff has been saying this isn’t really about the virus. It was the pin that pricked the bubble. If it wasn’t coronavirus, it would have been something...
Egon von Greyerz: THIS IS IT! The Party’s Over

Egon von Greyerz: THIS IS IT! The Party’s Over

Mar 6, 2020 | Economy, World News

This is it! The party is over. The world is now facing the gravest economic and social downturn in Modern Times (18th century). We are now entering a period of global crisis that will change the world for a very long time to come. This should come as no surprise to...
Gold sharply up as U.S. stocks plummet in high volatility

Gold sharply up as U.S. stocks plummet in high volatility

Mar 5, 2020 | Gold

Gold prices are sharply higher in midday U.S. futures trading Thursday, on keen safe-haven demand as the U.S. stock market is sharply down on the day. The coronavirus outbreak continues to roil the global marketplace. April gold futures were last up $24.30 an ounce at...
Gold pulls back modestly from yesterday’s strong gains

Gold pulls back modestly from yesterday’s strong gains

Mar 4, 2020 | Gold

(USAGOLD – 3/4/2020) –  Gold pulled back modestly from yesterday’s strong gains inspired by the Fed’s aggressive half-point rate cut.  It is trading at $1642 – down $4 on the day.  Silver is down 13¢ at $17.16.  The cut played to mixed reviews on Wall Street. Some...