Financial market overview

A Rate Cut Will Send Gold/Silver Soaring and the Dollar Much Lower

2024.02.02 03:20

David I. Kranzler

“The Fed knows it can’t risk cuting rates right now [despite obvious signs of a very weak economy] or he risks the falling off a cliff.”

The FOMC assembly and Policy Statement launch is a giant occasion in the monetary markets. Every phrase in that Statement is scrutinized, and CNBC’s Steve Liesman works up a sweat counting the punctuation marks in the Statement. What I uncared for to level out is that the assertion, “the U.S. banking system is sound and resilient” was faraway from the newest FOMC Policy Statement Given the developments associated to New York Community Bancorp (NYSE:) and Aozora Bank (Japan) introduced that they chocked on their heavy publicity to U.S. CRE loans. I present a extra detailed take a look at NYCB’s financials in the upcoming situation of my Short Seller’s Journal. But don’t neglect the Mining Stock Journal. I observed in the present day that a number of junior microcap mission growth shares began to indicate indicators of life. These shares are the place the largest payoffs reside in the mining inventory sector. I cowl a number of that I  consider are 5-10 baggers with at $2050 and at $23.20. The upside is way higher if we get a giant transfer larger in the metals.

Chris Marcus (Arcadia Economics) and I focus on the FOMC Policy Statement and hammer Jay Powell for his brutal dishonesty:

https://www.youtube.com/watch?v=29zrZqsQOoc

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 57,014.28 0.97%
ethereum
Ethereum (ETH) $ 3,249.21 0.04%
tether
Tether (USDT) $ 1.00 0.10%
bnb
BNB (BNB) $ 396.56 1.53%
solana
Solana (SOL) $ 107.80 3.62%
staked-ether
Lido Staked Ether (STETH) $ 3,248.05 0.07%
xrp
XRP (XRP) $ 0.580874 3.80%
usd-coin
USDC (USDC) $ 1.00 0.15%
cardano
Cardano (ADA) $ 0.618287 1.74%
avalanche-2
Avalanche (AVAX) $ 39.16 1.26%
dogecoin
Dogecoin (DOGE) $ 0.09511 5.43%
tron
TRON (TRX) $ 0.143596 2.34%
chainlink
Chainlink (LINK) $ 18.88 1.90%
polkadot
Polkadot (DOT) $ 8.29 1.99%
matic-network
Polygon (MATIC) $ 1.03 3.96%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 56,996.27 1.30%
uniswap
Uniswap (UNI) $ 10.88 1.59%
the-open-network
Toncoin (TON) $ 2.17 0.36%
shiba-inu
Shiba Inu (SHIB) $ 0.000011 5.04%
internet-computer
Internet Computer (ICP) $ 12.87 2.35%
bitcoin-cash
Bitcoin Cash (BCH) $ 291.69 5.75%
litecoin
Litecoin (LTC) $ 74.10 2.12%
dai
Dai (DAI) $ 1.00 0.04%
immutable-x
Immutable (IMX) $ 3.34 3.32%
cosmos
Cosmos Hub (ATOM) $ 11.18 2.13%
blockstack
Stacks (STX) $ 2.97 4.73%
filecoin
Filecoin (FIL) $ 8.11 2.36%
leo-token
LEO Token (LEO) $ 4.40 1.17%
near
NEAR Protocol (NEAR) $ 3.91 3.46%
ethereum-classic
Ethereum Classic (ETC) $ 28.01 2.08%
kaspa
Kaspa (KAS) $ 0.168988 2.30%
bittensor
Bittensor (TAO) $ 603.22 2.20%
hedera-hashgraph
Hedera (HBAR) $ 0.109907 2.69%
aptos
Aptos (APT) $ 10.01 2.24%
injective-protocol
Injective (INJ) $ 40.73 10.63%
optimism
Optimism (OP) $ 3.75 3.45%
vechain
VeChain (VET) $ 0.048265 2.50%
stellar
Stellar (XLM) $ 0.121057 1.20%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.12%
lido-dao
Lido DAO (LDO) $ 3.46 3.34%
okb
OKB (OKB) $ 51.26 0.49%
mantle
Mantle (MNT) $ 0.868016 6.90%
celestia
Celestia (TIA) $ 16.63 3.31%
render-token
Render (RNDR) $ 7.25 3.10%
crypto-com-chain
Cronos (CRO) $ 0.101379 1.51%
the-graph
The Graph (GRT) $ 0.284413 0.06%
monero
Monero (XMR) $ 139.34 4.19%
arbitrum
Arbitrum (ARB) $ 1.86 4.02%
sei-network
Sei (SEI) $ 0.874726 4.17%
maker
Maker (MKR) $ 2,152.12 0.57%