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Gregory Mannarino joins Silver Doctors to discuss the latest market news as central banks around the world continue to destroy currencies and inflate their favorite asset bubbles…

storm-boat-wavesThe world is only hours away from key BOJ and Fed meetings that could create a SEA CHANGE in global markets.
A rate hike from the Fed would create panic in the stock market, and investors would flock to gold, just as they did after the first rate hike in December…

If there is no rate hike next week, GDX should challenge the $32 area highs, and lead bullion higher.
If there is a rate hike, GDX and most gold stocks will likely spike lower while bullion soars higher, in a scenario similar to what happened when Janet hiked in December of 2015.
The good news is that after a very brief decline when Janet hiked last year, gold stocks staged one of the biggest rallies in many years.
If she hikes next week, I expect history to rhyme!

fed

  • NO RATE HIKE – “Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent”
  • Gold and Silver Popping On the News
  • With No Rate Hike Fully Priced into the Market, Will the Cartel Drop the Hammer on Gold and Silver After Initial Reaction?

Full FOMC Statement is Below:

  • Janet Yellen begins her first FOMC Press Conference as Fed ChairwomanNo Hikes Today, But ECONOMIC SITUATION MAY WARRANT GRADUAL RATE HIKES
    Fed Expects Inflation to Remain Low
    Single Dissenting Fed Member Voted to Raise Rates
  •  Translation: We Aren’t Really Raising Rates…But We MUST Halt Gold & Silver Rallies!
  • yellenThe Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent
  • The stance of monetary policy remains accommodative
  • 1 member voted to raise rates to 1/2 – 3/4%
  • Gold and silver go vertical on the release

Full FOMC Statement Is Below:

  • Janet Yellen begins her first FOMC Press Conference as Fed ChairwomanGiven the economic outlook, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent
  • Committee Expects Gradual Increase in Interest Rates
  • Gold and silver react

Full FOMC Statement is below:

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With Oil Plunging to $35, and Silver Hitting New 5-Year Lows at $13.68 Ahead of the FOMC, The Doc & Eric Dubin Break Down the Action, Discussing:

  • Silver Smashed to $13.68Are BIG New Lows Ahead?
  • Fed Set to Hike Interest Rates in the Face of Credit Markets Seizing Up
  • High Yield Bonds in MELTDOWN..It’s Likely Just Begun
  • Deflationary Snowball Gaining Momentum & Heading Downhill?
  • Supply Destruction Sowing the Seeds for Next Bull Market – Anglo American Slashes Production, Lays Off 85,000

The SD Weekly Metals & Markets With The Doc & Eric Dubin is Below:

hikeFED HIKES RATES!

  • the Committee decided to raise the target range for the federal funds rate to 1/4 to 1/2 percent
  • The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction

    Full FOMC Statement is below:

endA few weeks ago the Fed held a closed-door, emergency meeting.
I’d like to take a moment today to go over what they likely dealt with, because it speaks volumes about what we are now facing on the world economic scene: