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Art Laffer on coronavirus stimulus package: It’s not help, it’s harm

Former Reagan financial expert Art Laffer refutes one more round of coronavirus stimulus.

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Kitco News

Tesla shares plunged, is gold next? This ‘scares’ Gary Wagner

Equities markets have seen some strong selling activity in the recently because of lingering uncertainties in the economic situation, stated Gary Wagner, editor of TheGoldForecast.com, who is concerned concerning silver and gold potentially not holding their base at existing degrees.

" We are seeing a recuperation, however the healing is much slower than prepared for," Wagner told Kitco Information in an interview Tuesday. "I think what we're seeing is the awareness that the economy is not going to recover as quick as we assumed it would certainly."

Supplies are rebounding Wednesday morning from Tuesday's selloff, with the S&P 500 up 1.15%, and also the Dow up 0.9% on market open.

Tesla shares are down 30% from August highs.
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Larry Kudlow on impact of Trump’s Nobel Peace Prize nomination

National Economic Council Director Larry Kudlow speaks with FOX Organization' Lou Dobbs about Head of state Trump being chosen for the Nobel Peace Prize and economic healing. #FoxBusiness

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Trump: ‘We are recovering at a much faster rate than any other nation’

President Trump commemorates UNITED STATE financial recuperation, the August work record and current retail, real estate as well as car numbers. #FoxBusiness

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Labor Secy: August unemployment rate is ‘very good news,’ but ‘we’re not done’

Labor Assistant Eugene Scalia talks with FOX Service' Charles Payne about the August tasks report claiming, 'we're on an excellent course.' #FoxBusiness

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Larry Kudlow: ‘I would love to see some support for the PPP program’

National Economic Council Director Larry Kudlow responds to the August tasks record and also financial recovery. #FoxBusiness

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Kitco News

Focus on $4,000 gold price target, airlines, ignore Fed noise – Frank Holmes

Jerome Powell's hawkishness at last week's Jackson Opening Symposium created uncertainties in gold investors' minds, sending out the yellow steel to trade laterally for the last couple of days.

Volatility for gold presents a chance to buy on the dips, claimed Frank Holmes, Chief Executive Officer of U.S. Global Investors that stated that "if you're not long, you're wrong."

Holmes has previously required gold to strike $4,000 an ounce in a couple of years' time. His lasting forecast is based upon using gold's performance during the last time the Fed expanded its balance sheet between 2009 to 2011.
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Biden says Trump ruined a good economy, Kudlow says that’s ‘factually inaccurate’

National Economic Council Director Larry Kudlow reviews the opportunity of extra stimulation, Joe Biden's plans to elevate taxes and how the Trump administration has actually rebuilt the UNITED STATE economic situation.

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Will Macy’s survive the pandemic? Former Toys ‘R’ US CEO reacts

Former Toys "R" United States Chief Executive Officer Jerry Storch supplies understanding into on-line retail, physicals winners as well as losers amid the coronavirus pandemic, and Walmart's answer to Amazon Prime.

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Kitco News

Jackson Hole: big dollar moves expected; sell gold now or hold?

The yearly Jackson Opening Symposium, an event of main lenders, economists, and banks, will certainly see its very first digital conference today, and will likely establish the tone for further U.S. dollar devaluation, claimed Gary Wagner, editor of TheGoldForecast.com.

" When you've obtained every one of the major reserve banks obtaining with each other, they acknowledge the demand for a long-term plan rather than what's the economy mosting likely to look like next year, they're really keeping an eye out at the next decade. What that tells me is that they recognize that the crisis we're in is not going to be resolved overnight therefore that's what's so critically crucial," Wagner told Kitco Information. "I believe that it can have a destructive result on the UNITED STATE buck. If it does, we will see gold remove which will certainly indicate the bottom of this recent [gold cost] improvement."
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Kitco News is the world's # 1 source of steels market details. Our videos feature meetings with noticeable sector numbers to bring you market-affecting insights, with the objective of helping individuals make educated investment decisions.

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