Surprise FED Rate Cut Pushes Gold & Silver Prices Higher

#FedCutsRates #GoldAndSilver #IlluminatiSilver

Today the FED cut US interest rates by 0.5% and gold and silver prices rise.

Join us at:


Bullion Vault – Buy Gold & Silver


Richard & Greg – Discussion: Debate & Argument YouTube Channel


Trump for President 2020 YouTube Channel


Today is Tuesday 3rd March 2020 and yesterday we published a most important video entitled:

Gold & Silver Rise as surprise Rate Cut may be announced THIS WEEK


We concluded that video with the words:

We know for certain that as we produce this podcast central bankers are discussing whether to lower rates this week or not. What we do not know and will not know in advance unfortunately their decision. Our best estimate at this time is that if they do, then we can expect gold to rise even though the dollar may maintain parity. By how much we haven’t done the calculations, but this will act again as a tailwind behind precious metals which is why, certainly for gold, we are buying on dips right now.

Well at the time of writing this which is 17.10 GMT it was announced just 10 minutes ago that the FED – The US Central Bank has cut rates one or two days earlier than we anticipated and by 0.5% thereby now reducing the Fed Funds rate to 1% - 1.25%

This emergency move comes after the G7 group of finance ministers pledged action after warnings that the slowdown from the outbreak could tip countries into recession.

Federal Reserve Chair Jerome Powell said at a press conference in Washington.

“the US economy remains strong but it is difficult to predict the magnitude and persistence of the effects of the spreading virus……the measures that are being taken to contain it will surely weigh on economic activity for some time, both here and abroad,"

Also today we have seen Australia and Malaysia also cut rates and the G7 finance Ministers have pledged to use "all appropriate policy tools"

Yesterday the Organisation for Economic Cooperation and Development (OECD) warned the global economy could grow at its slowest rate since 2009 this year. It now envisages 2.4% growth in 2020 down from 2.9% and acknowledged that many countries could be tipped into recession.

It is important to bear in mind that the last time the bank made an interest rate cut at an emergency meeting was during the global financial crisis of 2008.
President trump who has been calling for lower rates for some time tweeted today:

“It is finally time for the Federal Reserve to LEAD. More easing and cutting!”

Now we expected a 0.25% cut now and a similar one on 18th march – but the FED and other central banks are so concerned that they cut in the US by 0.5% and haven’t ruled out the possibility of another cut in 2 weeks time.

Stock Markets initially rose on the back of this announcement, but the Dow S&P and Nasdaq have fallen back since. All down between 0.5% and 0.9% whereas European and UK Markets broadly closed up around 1% but they will respond tomorrow depending on how wall street ends this evening.

Gold and silver prices jumped on the news with gold currently standing at $1643 some $57 higher than Monday’s opening and the silver price is $17.25 some 58 cents higher than Monday’s opening. We are expecting silver prices quite possibly to fall back though, if not in real price terms then in relative price terms compared with gold as such a large rate cut suggests some very serious concerns over trade and thereby the Industrial use of silver. The Gold to Silver ratio stands a little over 95.2

The Dollar index has fallen back a little but not as much as expected just by 0.16 to 97.2 which suggests that other G7 members may also cut rates very soon – probably tomorrow or later this week.

Now we are expecting some choppiness for both the equity and precious metal markets over the coming days and we suspect that the US economic data to be released later this week, may prove unattractive, thereby the decision to act now.

On that point please ensure you stay tuned to our Richard and Greg channel where will attempt to provide regular and probably every other day updates

Update – Now Affecting Education & Sports – Richard & Greg


Important Links and videos:

Join us at:


Bullion Vault – Buy Gold & Silver


Richard & Greg – Discussion: Debate & Argument YouTube Channel


Trump for President 2020 YouTube Channel


News Theme 2 by Audionautix is licensed under a Creative Commons Attribution license (
Artist:

gold price today,gold price 2020,gold price prediction,gold price forecast,silver price predictions 2020,silver price predictions,silver prices today,silver prices 2020,silver price forecast,silver prices going up,buy silver or gold,buy gold coins,illuminati silver,gold,silver,GSR,gold price,today gold price,gold price slump,silver slump,gold rise 2020,silver price rise,rate cut,fed cuts interest rates,rate cut fed,gold rate today,silver rate today,