Gold / Silver Sky Rocket On News of ‘Emergency’ Fed Interest Rate Cut: Kenneth Aemduri

I have been avoiding words “sky rocket” for the past several years because, in my opinion, they are over used. When you republish more than 50 articles a day, seven days a week, you get to see a lot of headlines. After a while the overplayed noise of “must read”, “panic”, “moon shot” and the like loses its luster. Today it seems fitting since gold and silver both responded in the manner in which they in the very compressed time frame that it happened.

Kenneth Ameduri, Crush the Street, was already on schedule for today when this news broke. We weren’t planning on discussing this particular situation with the Federal Reserve cutting the Fed Funds Interest Rate by 50 bps in what they termed as an “emergency”. Last October in another show, a subscription service, I was conducting with a group of people I had forecast the Fed would make a full 1 percent cut by the end of the first quarter 2020. This was on the eve of the last rate cut in October 2019. Today I said there would be an additional 25 bps cut at the upcoming FOMC meeting, that would fulfill my forecast. Even if the 25 bps doesn’t come the shock-to-the-system of today is more than enough to justify a victory lap on the call I made back in October.

Gold and silver have been attempting to make a move for the past two weeks. The “black swan” called coronavirus has sent most all markets into a tailspin with most not exactly sure which way to move. No need to worry as the Plunge Protection Team is sure to keep a lid on all markets as they deem necessary. Gold and silver getting a little too high? Well, there’s a cure for that. The FAANG stocks selling off a little more than anticipated; there’s a remedy for that situation as well.

If you’re not protecting your wealth through preps – a “deep pantry” keeps you ahead of inflation – then you can join the cattle call going on at your local grocery or “buying club” outlet. Forget ordering those buckets of meals from one of the survival food companies as most are several weeks behind in filling orders.

The funny thing about situations like coronavirus – it sure exposes a lot of weakness and teaches those with eyes to see and ears to hear that whatever preps were in place are probably not enough.

This is a great conversation and take advantage of the free report Kenneth put together at Crushthestreet.com/virus