In this report, I cover the early market action from London on Thursday, June 20th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Today I look at the clear message the gold price has given the Federal Reserve chairman Jay Powell. Despite not cutting rates yesterday the Fed has telegraphed that it will revert to an accommodative monetary policy very soon while the stock market is near all-time highs and the U.S. economy is supposedly doing so well according to them.
The gold price has finally blasted through key resistance overnight and is showing that the Central Bankers cannot revert to an orthodox monetary policy and that they will keep inflating without end.
My conclusion is that the Fed's policy will continue to hurt the general public as the fiat dollar will continue to be debased in order to keep Wall Street and speculators happy. Unfortunately, a majority of the public will have no way to protect themselves from the continuing inflation. Gold and silver will act as monetary insurance for those able to stack some of the precious metals.
Use promo code maneco64 to get a 0.5% discount on gold and silver bullion purchases at https://www.goldinvestments.co.uk/
Support the channel:
maneco64 store: https://teespring.com/en-GB/stores/maneco64
https://www.paypal.me/maneco64
https://www.patreon.com/user?u=3730528
BITCOIN: 1AkNoKzbZXJ75BbeGkD2ekUDJQNWDrBgMA
BITCOIN CASH: qzfcsu05c9ephzv8qzl7ysvn4lfclzneescfhre4r5
ETHEREUM: 0xfffd54e22263f13447032e3941729884e03f4d58 LITECOIN: LY6a8csmuQZyCsBZbLDTQMRuyLdsW9g2na
DASH: XhxxKD8YHjAdE3hYG7AuCw4EwUrCjZWqGK
BAT Currency: Uphold a/c name maneco
