Bob Moriarty 321Gold.com
Bob Moriarty of 321Gold.com just released his latest musing. Click above to read.
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Proven ProbableCategory: Precious Metals
Transcript Pending
https://youtu.be/BqyJxtTsA2A
If you are seeking guidance, facts, and empirical evidence regarding the Dollar and the FED, this is a must watch video for you. We realize that this is not the common vocabulary of citizens. The reason we bring this to your attention because we DONT’ want you to be average. You deserve better and you deserve the truth. And never, ever allow facts to confuse you. Please share with your family and friends.
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Cabin Fever and the Price of Gold
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Fed chair says this is the worst economy in history
From CNN’s David Goldman
How bad is the coronavirus economy? The worst ever, says Fed Chairman Jerome Powell.
“We are going to see economic data for the second quarter that is worse than any data we have seen for the economy,” Powell said. “There are direct consequences of the disease and measures we are taking to protect ourselves from it.”
The recovery will be long and painful, but the economy could begin to bounce back significantly in the third quarter as businesses reopen, he added. While we won’t go back to pre-coronavirus levels for quite some time, the third quarter could provide some economic relief.
“We will enter the new phase — and we are just beginning to maybe do that — where we will begin formal measures that require social distancing will be rolled back, gradually, and at different paces in different parts of the country. And in time, during this period, the economy will begin to recover,” Powell said.
Powell also noted that unemployment shot higher for minorities in the United States —much faster than it has for white Americans.
Just a few months ago, the US labor market was the best-ever for minorities, Powell noted. Now, minorities are among the first to lose their jobs as stay-at-home orders have shuttered restaurants, movie theaters, retailers and many other businesses.
“It is heartbreaking, frankly, to see that all threatened now,” Powell said. “All the more need for our urgent response and also that of Congress, which has been urgent and large, and to do what we can to avoid longer run damage to the economy.”
Powell noted that people “who are least able to bear it have been the first to lose their jobs, and they have little cushion to protect themselves.
“That is a very big concern,” Powell said.
Transcript
https://youtu.be/j_vp9YyU9ck
Gregory Beischer the CEO of Millrock Resources sits down with Maurice Jackson of Proven and Probable to discuss the initial assay results on 64 North Project, which was temporarilty suspended due to the COVID-19. The initial findings produced all of the indicators that Millrock was seeking to identify with the exception of high-grade gold. The assay results represent approximately 25% of the proposed drill campaign. Find out why speculators, including ourselves, believe the value proposition of Millrock Resources has the potential to increase significantly.
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David Schectman, the founder of Miles Franklin Precious Metals Investments, has just released his latest musing that is a great reminder of why one should have an allocation towards physical precious metals. We are buying Silver and Platinum bullion, along with Numismatic Gold.
Contact me, Maurice Jackson, before you make your next physical precious metals purchase at 855.505.1900 or email maurice@milesfranklin.com