Fed Chairman Jerome Powell just unleashed the hounds.
|
In his eagerly awaited speech this morning at the Jackson Hole central banker confab, Powell gave the green light to a rate cut.
In response, the markets took off like banshees. Stocks are soaring to new record heights, the dollar is nose-diving, Treasury yields are dropping...while gold and silver are breaking out to the upside.
|
What does this mean going forward?
Here’s how I put it to a mainstream financial media reporter in the wake of Powell’s comments:
|
“Powell certainly seems to have conceded that they will supply the rate cut that investors and President Trump have been clamoring for at their September meeting.
“The impact will be considerable, and already has been today, because Investors have shifted from their obsession with tariffs back to their long-standing obsession with Federal Reserve interest rate policy. The outlook beyond next month’s FOMC meeting is cloudy, but we can be fairly confident that Powell & Co. won’t be raising rates anytime soon. And we can be equally sure that Powell’s successor next year will be cutting rates.
“Thus, the market will begin factoring an easier-money environment into its forecasts, and gold will directly benefit from this shift.
“So yes, this speech is very significant for the gold market, as we’ve already seen from the instantaneous reaction to Powell’s statements. In fact, this may be just the catalyst needed to break gold out of its summer doldrums.
“Add seasonality and collapsing volatility to the mix, and it all points toward a renewed uptrend for gold.”
|
In other words, this is just the beginning.
|
Other Powerful Trends
Are Coming Together Right Now
|
Yes, an easier-money environment will have a huge impact on gold, silver and mining stocks. It’s going to get very exciting...and profitable...for those of us who are well positioned.
But there are other big factors at work, across all markets and sectors of the global economy.
|
Artificial Intelligence is reshaping jobs right now. Cryptocurrency is embraced by banks (what a change) and embedded in retirement law. Commodities are surging into a supercycle redefining global wealth.
|
It’s all exciting, compelling and transformational — and it’s crucial that we understand what’s happening and how to prepare.
The good news: On August 27th, I’m going to join four other leading experts to connect the dots — showing you how these forces fit together and what they mean for your portfolio, your income and your family’s future.
This is an amazing line up of experts and quite frankly, I don’t believe any serious investor can afford to miss this event.
I strongly recommend that you sign up by clicking the link below.
|
Brien Lundin
Publisher, Gold Newsletter
CEO, the New Orleans Investment Conference
|
CLICK HERE
To Reserve Your Place At
3 Shifts Reshaping Your Financial Future:
AI and the Labor Market • Cryptocurrency and the Genius Act
• The Commodities Superboom
August 27th • Live Online
9:00 AM PT/12:00 PM ET
|