Chris Temple from The National Investor – Wed 29 Jan, 2020

Complete recap of the Fed statement and press conference

Chris Temple joins me to recap the Fed statement and press conference today. While there were no major changes to the Fed’s policy Powell did make some comments on inflation and the Fed’s balance sheet that caused markets to drop and treasuries to garner a buy.

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Comments:
  1. On January 29, 2020 at 3:06 pm,
    cfs says:

    Mr. Powell is devious in his use of language (not to the level of Mr. Greenspan) but devious, nevertheless. He actually wants as relatively high inflation as he can get away with without drawing criticism from the MSM/ public.
    He will cut interest rates, probably twice later in the year, dependent on economic growth.
    We are in the longest expansion in modern history, but various factors are now competing to end this expansion. Powell will reduce rates to attempt to continue the expansion.
    Lowering rates is also ABSOLUTELY VITAL to reduce debt-carrying costs, and this will happen for that reason.
    Everything is, OF COURSE, RELATIVE. Exact rates in the US will also slightly depend on what interest rates are elsewhere in the world. The value of the dollar is more dependent on the collapse of the EU and its interest rates, than on what the Fed is doing.

  2. On January 29, 2020 at 3:10 pm,
    markedtofuture says:

    Rudy Giuliani Common Sense EP. 2 The Trial: Opening Statement | Bombshell Documents

    https://www.youtube.com/watch?v=tCO3nW3cnHM

  3. On January 29, 2020 at 11:43 pm,
    cfs says:

    Trump at USMCA signing:

    https://youtu.be/Ar6N5-2WjXI?t=103

  4. On January 30, 2020 at 6:38 am,
    Miklo says:

    Excelsior my old pal o pal, whats your opinion on Bayhorse and

    Cheers!

    • On January 30, 2020 at 7:43 am,
      Excelsior says:

      I like both Bayhorse and Cheers. 🙂

      I have a medium-sized position in Bayhorse for a few reasons:

      1) Silver Developer and near term producer that is not exposed to Mexico, just to diversify jurisdictions
      2) It is undervalued in market cap when compared to other developers that are further away from production like Aurcana, Minco, Kootenay, Alexco, Discovery Metals, etc…
      3) I like that they are using Dense Media Separation and Ore Sorting to upgrade their ore to direct ship status, and discarding leaving 80-85% of the waste rock at site and not spending money,time, resources to ship it.
      4) They have the ability to expand and surprise with future drilling and exploration on both their properties (they have a 2nd Silver/Gold project up in British Columbia).

      Here is the (BHS) (KXPLF) Bayhorse Silver Dec 2019 Corporate Presentation:

      http://www.bayhorsesilver.com/wp-content/uploads/2019/12/Bayhorse-Investor-Presentation-December2019-1.pdf

  5. On January 30, 2020 at 7:39 am,
    Miklo says:

    The other company I was going to write was Abraplata.

  6. On January 30, 2020 at 8:51 am,
    Matthew says:
  7. On January 30, 2020 at 8:54 am,
    cfs says:

    China has shut down all 70,000 movie theaters.

    I think the Hollywood business may take a hit this year.

  8. On January 30, 2020 at 8:56 am,
    Matthew says:
  9. On January 30, 2020 at 8:59 am,
    Matthew says:
  10. On January 30, 2020 at 9:06 am,
    Matthew says:
  11. On January 30, 2020 at 9:46 am,
    cfs says:
  12. On January 30, 2020 at 10:17 am,
    cfs says: