Trump is thrilled with the Fed’s moves, and as far as testing goes, the US military will be “deploying officers”….
(Silver Doctors Editors) President Trump’s Sunday evening press conference began shortly after 5:00 p.m. EST.
The first thing he said was that the Fed has slashed rates to zero and will begin $700 billion in QE ($500 billion bond purchases, $200 billion mortgage purchases).
Then President Trump kept stressing the fact that there is plenty of food in the grocery stores, and that the grocery stores will remain open, saying over and over again not to panic buy food.
President Trump also mentioned several times the 2,000 point stock market gain from Friday, and President Trump said the rate cut and bond purchase program should be good for the stock market.
In other words, President Trump is praising the Fed’s intervention into the “markets”.
President Trump then left the press conference, without taking any questions, and the press conference continued:
As far as who can get tested, it seems for now only healthcare workers and those over 65 with an underlying respiratory condition and a fever over a certain temperature.
Of course, much stress was given to the fact that this is how the US military is “prioritizing” the testing, but in reality, there are not enough tests to go around even for the two priority groups.
Also of note during the press conference, the topic of “will the US go on lock-down”?
Everybody’s favorite Federal employee, Dr. Fauci, said he can’t say yet until the talking points have been put out – meaning that the Coronavirus Task Force knows what’s coming, but they simply won’t say what’s coming.
Here’s gold, silver and the dollar when the markets opened at 6:00 p.m. EST: