News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Gold Market Opening

Has The Federal Reserve Fired the Starting Gun for Gold and Silver's Next Leg Higher?

August 28, 2020 - (Gold Market Wire) - Late yesterday, Federal Reserve Chairman Jerome of 0% Powell announced that the core 2% inflation target for policy guidance will be expanded to allow more inflation. It is hard to see this as anything but a turning point for still higher precious metals prices. Gold and Silver are trading significantly higher as a result, with Gold up 1.6% on the day and Silver up 2.2%.

In the wake of such an announcement US Treasuries will likely start to move lower as the expectation undefined of 0% interest rates "forever" now grips the market.

The question on everyone's mind, of course, is 'will it work?' Will the Fed finally get its long sought inflationary movement? Not from this alone it won't. It is likely to be the first of such policy moves to produce inflation, which will likely result in currency digitization - whereby central banks, especially in the EU, will 'create' inflation by starting to take money directly from bank accounts.

The 'resets' are coming and the world will be turned upside down. Gold and Silver will likely surge as a result, either within the market, or eventually as a reset procedure to produce inflation much like FDR's... but on a global basis. Along with this will come the increased threat of confiscation.

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