Tuesday, September 26, 2023

Hunter Sues Giuliani; Trump Team Rips DC Gag Order; Dems’ Menendez Tactics Exposed

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Hunter Biden Sues Giuliani Over Laptop Data

Special: Uncertainty, War, Inflation — Central Banks and Investors Flock to Gold

Trump Lawyers File Opposition to Gag Order in Jan. 6 Case

WSJ: Dems So Willing to Run Menendez Out of Senate


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Patriot Gold Group

As Stocks Nosedive, ESG Funds Being Forced On Employees

The Patriot Economic Insider

US Judge Will Not Block Biden Rule On Socially Conscious Investing

September 21, 2023

(Reuters) -A federal judge in Texas on Thursday rejected a bid by 25 states to block a Biden administration rule allowing employee retirement plans to consider environmental, social and governance (ESG) issues in investment decisions.

U.S. District Judge Matthew Kacsmaryk in Amarillo, Texas, declined to block the rule, which took effect Jan. 30. The judge granted a petition by President Joe Biden's administration to dismiss the Republican-led states' lawsuit claiming the rule will jeopardize millions of Americans' retirement savings.

The U.S. Department of Justice and the offices of the attorneys general of Texas and Utah, who led the lawsuit, did not immediately respond to requests for comment.

The decision will likely be appealed to a New Orleans-based federal appeals court. A subsidiary of oil drilling company Liberty Energy Inc and an oil and gas trade group are also plaintiffs in the case.

Congress in early March passed a Republican-backed resolution to repeal the rule. Biden, a Democrat, vetoed the proposal on March 20.

ESG investing involves weighing companies' records on environmental, social justice and labor issues, as well as corporate governance matters such as board diversity and executive compensation, along with traditional financial considerations.

The rule, finalized in November, reversed restrictions adopted by former President Donald Trump's administration on considering ESG factors in making investment decisions. The rule covers plans that collectively invest $12 trillion on behalf of more than 150 million people.

The Biden administration has said the rule was needed to replace improper limitations on ESG investing imposed by the Trump administration, because issues such as climate change and social justice can impact companies' long-term financial health.

**Information contained within this email should not be construed as Legal, Accounting, Tax or Investment advice. Patriot Gold Group is Gold & Silver Dealer, representatives are NOT Licensed Financial Planners and do NOT give investing or tax advice.

THE BEST OFFER IN PRECIOUS METALS INVESTING! Request Your FREE Report Is The Perfect Guide For Americans Looking To Precious Metals As Inflations Soars. Patriot Gold Group is America's #1 Gold IRA Specialist. Ready to Learn Why Gold and Silver Typically Surges During High Inflation and Market Volatility?
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BARRON'S: Stocks Are Nosediving. Here's How Far They Could Fall.

September 21, 2023

The stock market's monthslong drop picked up steam in the past week. More declines are likely in the cards.

The S&P 500 index, already down for the week, dove Wednesday, dropping almost 1%. It's seeing further declines early Thursday. The latest downside move comes as the Federal Reserve left interest rates unchanged this week, but signaled that it will keep rates higher and longer than Wall Street had expected to fight inflation.

The result is that the S&P 500 is now about 5% down from its 2023 high of 4,607.07, set in late July. The overarching issues, related to Wednesday's Fed announcement on rates, is that the delayed impact of higher rates will continue to weigh on the economy, and that there won't necessarily be much relief as the Fed will be slow to cut rates, and won't cut by much.

With the S&P 500 now at just below 4400, more declines seem to be in the cards. The last five trading days look like a nosedive, so it's reasonable to assume the index has a good shot of dipping to 4300. That's a key support level, where buyers have come in several times earlier this year to send the index higher. If those buyers don't show up at 4300 – if their confidence in the economic picture doesn't improve – the next key support to level to watch is 4200.

Depending on how quickly the index is falling, it might stabilize for a few days at 4200. If it can't hold there, don't be surprised to see the index drop to near 4000, another key support level.

"Ideally, we don't want to see 4300 break because it will open the market up to additional downside paths, not only toward the 200-day moving average [roughly 4200] but to 4075," wrote John Kolovos, chief technical strategist at Macro Risk Advisors.

Hitting 4075 represents about 7% downside from the index's current level.

That's enough of a potential drop to stay away from stocks for the near term. a high level of bearish market sentiment, contrarian investors will expect a market uptrend.

**Information contained within this email should not be construed as Legal, Accounting, Tax or Investment advice. Patriot Gold Group is Gold & Silver Dealer, representatives are NOT Licensed Financial Planners and do NOT give investing or tax advice.

Our Popular Investment Guide Will Show You How To Fortify Your Retirement in Physical Gold; Silver and Pay No Fees for the Life of Your Precious Metals Self Directed IRA
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About Patriot Gold Group CEO Jack Hanney

Jack Hanney is the CEO & Co-Founder of Patriot Gold Group, and a nationally sought after financial speaker and guest. Recently featured on Fox Los Angeles "Good Day LA", he was interviewed on his insights on the global health crisis and its impact on the economy, and he accurately predicted the catastrophic 17% pullback we saw last week. His interview can be viewed here: Fox Interview

Learn Why Smart Money is Moving to Precious Metals in 2023.

Why Rate Cuts Should Scare You...

September 18, 2023

Rate cuts don't mean the market is going to rip higher. In fact, if history is any guide, they mean just the opposite.

So while the market is anticipating rate cuts and the economic data that could portend a Fed pause or cuts as positives, they really could instead be the alarm that indicates the market could be setting up for a marked move lower.

As you can see in the charts above and below, market bottoms generally follow Fed rate cuts. Cuts usually come just after hikes have made their way through the economy and are set to manifest in the economy.

Girl in a jacket

*Information contained within this email should not be construed as Legal, Accounting, Tax or Investment advice. Patriot Gold Group is Gold & Silver Dealer, representatives are NOT Licensed Financial Planners and do NOT give investing or tax advice.

Learn How To Diversify Your Retirement in Physical Gold & Silver and Pay No Fees for the Life of Your Precious Metals Self Directed IRA
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Call: 1-888-309-9181
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JPMorgan Chase Sees Gold Prices At Record Highs In 12 to 18 Months

Growing expectations that the Federal Reserve is close to ending its latest tightening cycle and the threat of and impending recession will continue to support gold and silver prices, according to the last comments from JPMorgan Chase.

In his latest research note, Greg Shearer, executive director of global commodities research, said that he expects the Federal Reserve to start cutting interest rates by the second quarter of 2024 and falling real U.S. yields will be a "significant driver" for gold.

According to JPMorgan's mid-year forecast, analysts are looking for gold prices to average the second half of the year around $2,012 an ounce.

Shearer said in his latest note that he sees gold prices averaging around $2,175 an ounce by the fourth quarter of 2024, with further upside risks if the U.S. economy does fall into a recession.

Shearer noted that the deeper the recession is, the more aggressive the Federal Reserve will have to be in cutting interest rates, which would be supportive of gold.

"We're in a very prime place where we think gold ownership and long allocation to gold and silver is something that acts as both a late cycle diversifier and something that will perform as we look to the next sort of 12, 18 months," Shearer said.

Looking beyond monetary policies, Shear noted that although speculative positioning in gold has recently picked up, the trade is still not too crowded.

Along with retail demand, JPMorgan also sees solid institutional demand as central banks continue to buy gold and nations diversify further away from the U.S. dollar and hedge against heightened geopolitical risks.

"There's an eagerness here to really buy in and diversify allocation away from currencies," Shearer said.

*Information contained within this press release should not be construed as Legal, Accounting, Tax or Investment advice. Patriot Gold Group is Gold & Silver Dealer, representatives are NOT Licensed Financial Planners and do NOT give investing or tax advice.

Finally: All investment guide requests are automatically offered free of charge, with my personal video newsletter, The Hanney Report, found on Youtube.com. See my news interview on Fox here:
Call
Call: 1-888-309-9181
Get Free New Buyer's Guide
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PGG is not providing investment, legal or tax advice. The reports provided are for general information purposes only. Please consult a qualified tax professional for strategies. "All investments carry some degree of risk. Stocks, bonds, [precious metals, crypto currencies], mutual funds and exchange-traded funds can lose value if market conditions sour. Even conservative, insured investments, such as certificates of deposit (CDs) issued by a bank or credit union, come with inflation risk. That is, they may not earn enough over time to keep pace with the increasing cost of living." (FINRA 11/2022)
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