Market News

David Beahm Blanchard CEO

Monday Morning Wrap Up

A message from David Beahm President and CEO Coronavirus Tidal Wave Still Gaining Strength Like a massive tidal wave, the coronavirus continues to splash and hit every aspect of our lives. The tsunami that is COVID-19 is still gaining strength out in the ocean. This wave has not yet fully hit the shores of America yet. Yes, we are seeing early impact waves which have now touched all 50 U.S. states. Yet, we still have ... >> Read More        
Every Action Has a Consequence

Every Action Has a Consequence

Unprecedented times lead to extraordinary measures. The COVID-19 pandemic continues to wreak havoc upon the U.S. economy, the stock market and even the integrity of the financial system itself as lending freezes up. The Fed is attacking this crisis in full force. While the Fed's actions may be necessary, they will have consequences. Let us explain. The Federal Reserve stepped in on Monday with new quantitative easing (QE) measures, like those seen during the 2008-2009 ... >> Read More        
Zero Hour: Three Reasons to Consider Gold During a Federal Reserve Rate Cut

Zero Hour: Three Reasons to Consider Gold During a Federal Reserve Rate Cut

On Sunday the Federal Reserve cut the benchmark interest rate by one percentage point. The result is a near zero rate representing a new economic reality characterized by diminished confidence and near-term fears. This move is just one of several actions designed to buoy financial support and confidence as global health concerns rise. Less than two weeks ago the Federal Reserve cut rates by half of one percent. Additionally, there are no reserve requirements for ... >> Read More        
Can Fed's big-gun response work?

Can Fed’s big-gun response work?

We woke up to a Monday like no other. Daily life around the world is grinding to a halt as the virus crisis spreads. The Federal Reserve stepped in on Sunday with a dramatic, all-out attack on the growing economic and health crisis spurred by COVID-19. In the second emergency rate cut this month, the Fed slashed interest rates to 0% - 0.25%, the lowest level since the 2008 global financial crisis. In recent days, ... >> Read More        
Strategizing Investments as The Global Economy Enters a Pandemic

Strategizing Investments as The Global Economy Enters a Pandemic

As of this article there have been 121,061 confirmed cases of the coronavirus worldwide resulting in 4,368 deaths. Recently, the World Health Organization declared the coronavirus a pandemic. As a result, businesses have begun to feel the effects. Supply chains have been disrupted, consumers are distracted, and equity markets are in steep decline. Since the start of the year the S&P 500 has plummeted more than 15%. In the opening remarks of the March 11th ... >> Read More        
Is the Fed Panicking?

Is the Fed Panicking?

The Fed can't stop the spread of COVID-19. But, it's doing what it can. In a shocking and aggressive move designed to boost consumer and business confidence, the Federal Reserve slashed interest rates by 50 basis points Tuesday morning, acknowledging economic risks from the fast-spreading coronavirus. This is the first emergency interest rate cut since the 2008 Global Financial Crisis and only the ninth emergency cut in history. Never before has the Fed responded to ... >> Read More        
Fear Drives Stocks Into Correction Territory

Fear Drives Stocks Into Correction Territory

There is an old market saying: Stocks take the stairs going up and take the elevator down. That was evident last week as the Dow Jones Industrial Average collapsed as much as 12.4%, falling into so-called correction territory (declines of 10% or more).  The eye-popping stock selling marked the worse week since the 2008 Global Financial Crisis. Apple and Microsoft lost a combined $300 billion. The coronavirus has now spread to 60 countries around the ... >> Read More        
Apple Revenue Warning Sends Stocks Skidding, Gold Soaring

Apple Revenue Warning Sends Stocks Skidding, Gold Soaring

Apple's (AAPL) unexpected warning to investors was bleak. The tech giant issued guidance last week that it won't meet its first quarter revenue goals because of the coronavirus. Gold surged to a 7-year high as investors around the globe began dumping stocks and buying precious metals as fears around the coronavirus economic impact, now known as COVID-19, spread further. While economists have warned about the potential economic disruption from the pandemic, Apple's stark warning was ... >> Read More        
The Future of Gold Mining

The Future of Gold Mining

Gold, Market News |
Gold mines are becoming more difficult to source and maintain. Consider that the global nonferrous exploration budget remains below the 2014 level. Moreover, between 2012 and 2016 this figure dropped each year. The S&P Global Market Intelligence Report adds color to these numbers by explaining that, “our research has long shown that the mining industry is allocating an increasing proportion of its exploration spending to advanced projects and mines. This tends to become more pronounced ... >> Read More        
What Are the Big Players Doing?

What Are the Big Players Doing?

When we think about changes in the value of gold we often think about influences like economic policy, equity and bond performance, and recession fears. While these factors do influence gold prices, there is another unseen force at work. That force is central bank activity. A central bank is a financial entity that has the power to manufacture and distribute money across a nation. This is a powerful privilege. Central banks can control the money ... >> Read More