by Craig Hemke, Sprott Money:
Last week, the FOMC cut the fed funds rate by fifty basis points and indicated that more cuts will come later this year and next. What does this signal for precious metal prices in the short and long term? Let’s discuss that this week.
Impact of Rate Cuts on Gold Prices and Silver Prices
The immediate reaction to the rate cut news has been complicated. The U.S. dollar index dropped and then rallied before dropping again toward important support. Conversely, gold prices rallied then fell before rallying again and finishing the week at all-time highs. This is all very interesting, but perhaps the most telling response came from the bond market, where long-term rates have moved higher in response to the Fed’s cut of short-term rates.
It’s more than obvious that an FDA “approval” of a vaccine or prescription drug is nothing more than a rubber stamp paid for by Big Pharma without any clinical proof of safety or efficacy whatsoever. This could never be more apparent than with the recent “FDA approval” of the 
We are the non-pretending audience that doesn’t need to have the points of continual similarity pointed out. However, there is something rather remarkable about those in Washington DC who never seem to be able to connect the same proverbial dots.
Confronted about the United Nations’ involvement in genetic engineering of life on Earth, two senior UN officials acknowledged concerns but denied that their organization was directly involved other than in coming up with biosafety oversight. Executive Secretary of the Convention on Biological Diversity Astrid Schomaker and UN Environment Programme Information Officer David Ainsworth recognized the concerns and explained that the subject would be a topic of discussion at the upcoming UN COP for biodiversity in Colombia.
Philadelphia is where the US Constitution was drafted. It may also be where America’s autopsy report is written up, after the nation has died of moonbattery. Here’s what it’s like to drive a police car through the Democrat-dominated former epicenter of American civilization: