August 23, 2019

Gold and silver are soaring today as trade war woes re-emerge and Fed Chair Jerome Powell speaks at the Jackson Hole Symposium.  China threatened tariffs on an additional $75 billion if the US enacts its tariffs set to take effect next month and President Trump wants US companies to look for alternatives to China for their business operations.  Powell commented that the Fed would act appropriately to sustain growth as trade tensions rise and global economic outlook continues to decline.  Stocks are plunging on the threat of new tariffs, with the Dow down nearly 400 points.