by Ron Paul, Ron Paul Institute:
Two days after Donald Trump became the first American since Grover Cleveland to win nonconsecutive presidential elections, the Federal Reserve announced a quarter percent cut in interest rates. Following this announcement, Fed Chairman Jerome Powell held a press conference where he said that he would not comply with any presidential request that he step down before his term ends in May of 2026.
Answer: A large bank is fighting to stay liquid (they are already insolvent), there are signs everywhere in the market clear to those that understand them
Similar to $CS they are trying to hide the problem as long as they can and I am not sure is only one large bank this time https://t.co/lBhICad6WX
— JustDario 🏊♂️ (@DarioCpx) November 11, 2024
from Birch Gold Group:
After shattering 30 all-time high price records, global demand for gold also hit an all-time high this year. Is massive demand causing record high prices? Or are high prices causing fear of missing out? Let’s dive into the forces behind record gold demand…
Your News to Know rounds up the most important stories about precious metals and the overall economy. This week, we’ll cover:
by Richard Mills, Ahead Of The Herd:
Gold’s rally, which started in mid-February, has been underpinned by increased geopolitical risks, the upcoming US election, central bank buying, and slowing ETF sales. It last traded at $2,744 an ounce, up 37% so far in 2024.
But silver has done even better, notching a YTD gain of 46%. Spot silver is now worth $33.67, as of Monday, 20:30 New York time. Last Tuesday it hit $34, the highest level since 2012.
from Liberty and Finance:
TRUTH LIVES on at https://sgtreport.tv/
by Uriel Araujo, Global Research:
Earlier this month Brazil’s Supreme Court lifted its ban on X (formerly Twitter) after Elon Musk finally complied with the court orders. It was the end of a months-long standoff between Justice Alexandre de Moraes and Musk (X was suspended on August 31). The matter has often been addressed as an issue of “free speech”, but with the recent BRICS Summit Declaration on digital sovereignty, one can clearly see that the discussion here should not be just about “censorship”. The BRICS Summit in Kazan, held from October 22 to 24 (2024), for the first time held a meeting with its expanded format, now including new member states such as Iran, Saudi Arabia, Egypt, and Ethiopia.
by David Brady, Sprott Money:
In terms of fundamentals, we have a dovish Fed and elections dead ahead. The Fed has already cut rates by 50 basis points to 5.00%. Another 25-basis point cut is already baked into the cake on November 7, with a probability of 92%.
As for the elections, whoever wins, they are likely to continue massive fiscal spending, driving up inflation at the same time interest rates are falling. The only downside risk is another 2000 event, where the result of the election is disputed.
Geopolitical events, such as war in the Middle East, have died down for now, but this may be the calm before the storm. Any escalation in hostilities is bad for the world but typically good for Gold and Silver, as the Ukraine and Israeli invasions showed.
Gee…and people wonder why Warren Buffet is selling all of his Bank of America stock and owns more TBills than the Fed. https://t.co/D9KiqrfiVc
— Edward Dowd (@DowdEdward) October 28, 2024
