This story was originally published here.
Federal Reserve Chairman Jerome Powell has not been the most reassuring figure for investors as of late. In fact, his frank assessments of the post-coronavirus economy have caused some large one-day drops…
But Powell is just doing his job. He’s giving the best economic forecasts he can based on the extensive data available to him as the head of our country’s central bank. And like it or not, that data suggests we’re not out of the woods quite yet.
The financial sector in particular is expected to face strong headwinds in the coming months, even if COVID-19 magically disappears. To that end, the Fed announced last week that it’s capping bank dividends and suspending share buybacks through the end of the third quarter.
Let’s look at why the central bank made this dramatic decision, and what it means for you as an investor.
Editor's Note: Click here to keep reading.
Here’s how high gold could go (inside)
Gold prices are at their highest point in nearly a decade.
If you’re waiting for a good entry to invest…you might not find one.
Because I believe this could be the final gold bull market of our lifetime.
How do I know:
- Gold discoveries are down up to 90% from their highs
- Central banks are buying up gold at the fastest pace since WWII
- China, Russia and multiple other countries have increased their buying of gold by triple digit percentages
And that’s only one of FIVE catalysts to push gold…and, for you, gold stocks, to new highs.
The sky is the limit.
Today, I’ve dug up an unknown gold stock that could be rearing up to be one of the largest gold companies in the world.
The opportunity to invest in gold is now as this freight train is picking up speed.
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