Gold Just Closed At A Seven year High in USD
“Spot gold just closed at a 7 year high as the Dow plunges over 1,000 and gold surges another $30.”
As coronavirus spreads and impacts markets and the economic outlook, there is increased worry that the US, the world’s largest economy, is on the cusp of a coronavirus break out.
China Car Sales Crash 80% And A US Dollar Warning
Coronavirus keeps consumers at home, causing car sales to drop a record 80% in the already slowing economy:
Stephanie Pomboy also shares a warning about the US dollar:
Global Markets Panic In Response to Fed’s Emergency Rate Cut
“A surprise, mid-morning “emergency” half point cut is not enough for the President who stated : U.S. “should have the lowest rate.” Know what the “lowest rate” is?” It”s negative. If you haven’t figured out why you need some gold by now, then…good luck to you.”