TRUNEWS Rick Wiles and Terry Sacka Talk Feds Interest Rate Hike and Gold Backed IRAs


TRUNEWS 12/16/15 – Mike Huckabee & Terry Sacka

On the Wednesday edition of TRUNEWS, host Rick Wiles greets Republican Presidential Candidate, Mike Huckabee, to discuss the muslim migration crisis, Islamic extremism, and the Saudi led invasion of Syria. Rick will also be joined by Terry Sacka, the Founder of Cornerstone Asset Metals, to break down the implications of the Feds interest rate hike, as well as

Gold Soars To Seven-Week High

Investing in Gold

Gold has climbed to a seven-week high bolstered by a weaker dollar and continuing expectations the Fed won’t hike interest rates in 2015.

“Markets are continuing to price in doubt about a Fed rate hike in December despite Vice Chairman Fischer’s weekend comments,” said Ric Spooner, chief analyst at CMC Markets.

The yellow metal gained as much as 0.9% to $1,166.80 an ounce, the highest since

US Military Could Boost Silver Demand

 silver

Summary:

  • The US Navy is constructing a giant solar farm in Arizona to power its bases in California. This is a push by the DOD to decrease its carbon footprint.
  • While this facility is being constructed by Sempra Energy, there is no guarantee that other facilities will be. Thus, silver could be a good way to play this development.
  • The construction of solar panels requires far more silver than any other current applications, which will undoubtedly increase demand.
  • Silver demand has exceeded supply for two years but the market price does not reflect this due to the dominance of the futures market.
  • This dominance may be about to change, which will cause the price of silver to surge upward to reflect actual fundamentals.

GLD’s Response To New York Fed’s Call For Higher Inflation

Investing in Gold

By FX Analyst

Summary

  • Dudley sees higher future inflation even as inflation is currently at 0% now.
  • He cites evidence of an improving economy and the end of the low energy prices.
  • GLD gapped up after his speech indicating market acceptance and is set to go higher.

The current inflation in the United States is at 0% as seen on the chart below after months of steady decline. This is reflective of the steady decline of oil prices since June 2014, which moderated the price increase of most goods and services across the economy. During this period of disinflation, there are fears that

Chicago Fed Evans’ Forward Guidance And GLD

Investing in Gold

Summary

  • Chicago Fed President Evans is willing to risk higher inflation in the future with current low inflation environment, and his conditions for liftoff are noted.
  • Evans suggested that the FOMC is considering 2 rate hikes, each in 2015 and 2016 at 25 basis points each, and this is an important forward guidance.
  • This unofficial forward guidance is bullish on the USD and bearish on GLD.
  • Despite Evans’ dovish speech, GLD is not affected and continues its downtrend, and is being pulled down further by the strong labor market report.

By FX Analyst

The impressive 06 March, 2015, labor report saw 295,000