|
|
|
|
|
** Market Conditions Alert
**
|
|
|
Well, the federal government has "shut
down" as of this morning following a budget impasse in Congress.
|
|
|
The financial media are
already in a tizzy about what this means for the economy and the markets. The
reality, though, is little will change and very little is actually being "shut
down" anyway.
However, uncertainty
around government funding stability -- as well as the increased public attention
on the seemingly intractable federal deficit problem -- are only adding to the
bullish backdrop for gold.
|
|
|
|
Gold rose 4% during the last
"shutdown" back in late December 2018 to late January 2019.
Meanwhile, apparently the Bureau of
Labor Statistics won't release any economic data in the coming days and weeks.
|
|
|
Of course, the accuracy of
government economic data is questionable, but markets take them seriously
regardless. That's because the data help predict what the Fed will do. And these
days, it's all about the Fed.
No one has a crystal ball,
but gold likes uncertainty and chaos – and we certainly have that in
Washington right now.
|
|
|
|
Gold and silver continue to power
higher this morning, with gold just shy of $3,900 and silver heading toward $48.
Premiums at Money Metals on coins, bars, and rounds remain very low – making
new purchases in the precious metals highly cost efficient.
|
|
|
|
|
|
|
|
|
|
Other Great Options to
Consider
|
|
|
|
|
|
|
|
|
|
|
|
This copyrighted material may not
be republished without express permission. Offer only available through email
promotion. Offer does not apply to previous orders and may not be combined with
any other offer or program. Special shipping rates or other restrictions may apply
to international orders. The information presented here is for general educational
purposes only. Money Metals Exchange and its staff do not act as personal
investment advisors. Nor do we advocate the purchase or sale of any regulated
security listed on any exchange for any specific individual. While our track
record is excellent, investment markets have inherent risks and there can be no
assurance of future profits. You are responsible for your investment decisions,
and they should be made in consultation with your own advisors. By purchasing from
Money Metals, you understand our company is not responsible for any losses caused
by your investment decisions, nor do we have any claim to any market gains you may
enjoy. Money Metals Exchange is not a regulated trading ???exchange??? as defined by
the CFTC and the SEC.
|
|
|
