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Gold And Silver Soaring On Rate Cuts Fueling FOMO In All Markets

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Last week the Federal Reserve lowered interest rates and set the stage for a cycle of additional rate reductions that will eventually take the Fed Funds rate BELOW the rate of CPI inflation.

Gold and silver soared on this news, with gold closing above $3700 an ounce.

Mining stocks simply soared, as you can see from shares of Barrick Gold, which went up 9.71% on Friday alone.

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