Call us Today
800-463-1326

News — Trump

Presidential Criticism of European Central Bank President Raises Fear of Currency Wars

Posted by Metals Corporate on

By John McDonald Despite suggesting earlier this summer that European Central Bank President Mario Draghi would be better in charge of the Federal Reserve than sitting chairman, Jerome Powell, President Trump has recently criticized Draghi for aggressive monetary tightening in Europe.  Draghi had signaled that the ECB could lower interest rates as early as July while speaking at a central-banking forum in Portugal. The euro responded by plummeting in value while global equity markets reacted positively to the news that the ECB might restart its bond-buying program to support the Eurozone economy. President Trump’s issue with Draghi’s policies came in...

Read more →

Impeachment Conflict Could Be Bad News for Markets, Good News for Metals

Posted by Metals Corporate on

By John McDonald  Last year, oddsmakers were placing bets for and against President Donald Trump still holding his office by the end of this year. Now, with House Speaker Nancy Pelosi’s latest commentary on impeachment reading as an unequivocal “no-go” despite telling senior Democrats just last week she would “like to see [the president] in prison,” it looks like the president will sit securely in the Oval Office at least until the end of 2020. However, even if Pelosi and her party were to change course again, precious metals investors could sit squarely on their portfolios and watch the chaos...

Read more →

Chinese Sale of U.S. Treasury Bonds Indicates Commitment to Trade Conflict

Posted by Metals Corporate on

By John McDonald China has been selling off U.S. Treasury bonds for several years now, causing a vague unease among many U.S. investors. With a trade conflict between the two countries well under way, China’s reduction of its bonds by about 4 percent in 2018 and its ongoing sale of the bonds in 2019 has many “talking heads” talking about a trade-war “nuclear option” for China: dumping its U.S. Treasury debts. “This is really the biggest weapon they have,” said Loyola Marymount economics professor Sung Won Sohn in a recent interview on CNBC. “If push comes to shove, that is what...

Read more →

The Dow has lost 2,245 points, or 8.4%, in 21 days (Morgan Stanley says it's just the beginning)

Posted by Brock Bowers on

Morgan Stanley has a pessimistic view, seeing yet more declines ahead. 

Read more →

Trump Says Fed ‘Has Gone Crazy’ Stock Market Bloodbath

Posted by Brock Bowers on

“I really disagree with what the FED is doing,” Trump said.

 

Read more →