INTERVIEW Fed Cuts, Shakes the Markets, Gold ATH, What's Next?
The David Knight Show
David Knight
4.6 • 765 Ratings
🗓️ 19 September 2024
⏱️ 37 minutes
🧾️ Download transcript
Summary
Less than 10% of analysts expected this big a rate cut. Gold passes $2,600. What does it say about the economy, the election, inflation and what comes next?
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Transcript
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| 0:00.0 | Welcome back and we've got Tony Ardabin on the line of Wise Wolf Gold and he set up David Knight.com to take you there. |
| 0:11.8 | Great place to buy gold and silver. |
| 0:15.1 | You can also get group discounts and save regularly each month with a small amount or a large amount. |
| 0:20.5 | He can handle that either way. |
| 0:21.7 | When you buy gold or silver, it can be a small or large transaction. |
| 0:25.1 | He can help you to set up whatever you want apart on a monthly basis and get a group |
| 0:31.7 | buy. |
| 0:32.3 | And that's a great way to save just to accumulate this over a period of time. |
| 0:35.6 | Thank you for joining us, Tony. |
| 0:37.3 | I mean, talking about accumulating stuff over a period of time. Thank you for joining us, Tony. I mean, |
| 0:37.5 | talking about accumulating stuff over a period of time. I mean, just look at this, the shock that |
| 0:42.1 | just went through the market with the interest rate change from the Federal Reserve yesterday. |
| 0:46.3 | What effect is it having on the gold market? I haven't seen the numbers this morning. |
| 0:51.5 | Well, pretty much in correlation immediately, gold broke its all time high again. I'm |
| 0:55.2 | losing track. Somebody asked me the day, well, how many times is gold broken and it's all time high? |
| 0:59.5 | The ATH in the last six months? And I said, I don't know. I actually lost track a while ago. |
| 1:05.5 | So yeah, gold broke $2,600 an ounce. Whoa. It is interesting, David. You know, you and I've |
| 1:10.2 | been talking about this for a while. |
| 1:12.8 | There was going to be a lowering of interest rates. |
| 1:15.7 | They started to talk about that back, I believe, in as early as March, and then we're supposed |
| 1:21.3 | to be something by May. |
| 1:23.3 | That didn't happen. |
... |
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