Federal Reserve FOMC Statement

The U.S. banking system is sound and resilient.

…and there was me, really worried about the state of the banks :blush:

The US banking system reminds me of the film Weekend at Bernie’s

I’m slowly adding to my stash of precious metals


Just noticed this:


How can it not be with the Fed printing money at the drop of a hat?

Is the US currency sound and resilient?

The Captain

Not too sure.

Spot gold and gold futures rising today.

I think that last night gold touched an all time high of $2,091.10 before falling back.

Another possible bank in trouble:

Shares of the regional bank tumbled 36% Thursday, slightly paring back its losses after plunging over 50% at one point on reports that the company is the regional bank latest to explore a potential sale. It also dragged down the broader stock market: The Dow fell 400 points, or 1.2%, and the S&P 500 sank 0.9%.