Nick's been warning about a market plunge for months now. And now here it is. It's been very quick and painful, but great opportunity is ahead. So many people are jumping out of the plane, it's leaving much more room for the remaining passengers. The news is secondary, the market always tells us what the price will be. Nick believes there will be a huge bounce in the markets, probably around or shortly after the election. Gold's case has not changed. Silver, the red-headed step child will follow suit, but later. If it wasn't the Coronavirus, it would have been something else.

Coronavirus fears are clobbering the stock market — is it doing the same to your retirement? Concerns about the spread of COVID-19 have pushed stocks lower.  The coronavirus has reached a handful of countries across the globe, including the U.S. — and now, it’s touched retirement plans too.  Concerns about the spread of the disease and a global financial slowdown are driving deep dips in the stock market. Retirement portfolios are not immune to market volatility, worrying some savers that they may lose valuable assets they’ve been stashing away.  The Dow Jones Industrial Average DJIA, -2.00%   and the S&P 500 SPX, -1.90%   both dropped more than 6% over Monday and Tuesday, in part due to fear of the coronavirus spreading around the world. The S&P 500 suffered the biggest two-day loss since 2015 this week. Naturally, some retirement portfolio balances are waning as well, requiring advisers and financial firms to talk through these issues with their clients.  As always, many financial advisers are telling investors to remain calm. Market volatility is normal and expected, especially for long-term goals like retirement. Investing can be emotional — after all, people are putting their life’s savings in an account to generate enough income for them to live comfortably in their old age when they can no longer work — but financial advisers say that even though the uncertainty can seem frightening, most retirement savers should not act on any market volatility at this time.  “For people who have a financial plan that tells them how they should be invested, deviating remains the single most destructive action to their wealth,” said Chris Chen, a financial adviser at Insight Financial Strategists in Boston. “For those who have no financial plan, now seems like a good time to get one.”  Investors may be worried about the impact of the coronavirus on their portfolios, but it’s still too early to say what meaningful effect it will have, said Scott Bishop, partner and executive vice president of financial planning at STA Wealth Management in Houston. The sooner the virus is contained and there’s a sustained recovery, the faster the economy will rally, he said in an email to his clients. The longer the virus is out and affecting other regions as well as travel, the greater the impact on corporate earnings, which is a long-term driver of global stock markets, he said. “In hindsight, we will know for sure, but we have some past experiences that are very similar — and in the past experiences like this, the market has been very resilient,” he said.  The Dow dropped 800 points, or a 3.05% decrease and the fourth biggest single-day drop in history, on Aug. 14, 2019, but investors’ portfolios were not harmed in the long run, said Andrew Westlin, a financial planner at online advisory firm Betterment. Those who bought shares on Jan. 2, 2019 and held on to them were up 24% at the end of the year (so someone who invested $10,000 at the beginning of last year would have $12,428 at the end of the year). Those who sold out of the market entirely on Aug. 14 lost out on 12% of gains. In the previous scenario, they’d have walked away with $11,061, Westlin calculated. For those who decided to buy back in when the Dow recovered the 800 points (which was two weeks later) would have seen a gain of 19%, compared to the 24% for those who simply stayed invested.  Similarly to the Aug. 14 drop, the impact of coronavirus fears will likely be short-lived for the stock market, as it has been for other pandemic-level health issues, including HIV/AIDS, SARS, Ebola and Zika, said Melissa Sotudeh, director of advisory services at Halpern Financial in Rockville, Md. China’s economy is larger than it was in 2003 during the SARS outbreak, and is much more integrated into the global supply chain, but there are many reasons to believe the impacts will be temporary, she said. “The coronavirus is not a reason to change your portfolio strategy,” she said.  Still, some...

As part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest in the stock market, according to four senior administration officials familiar with the discussions. The proposal, one of many new tax cuts under consideration, would see a portion of household income treated as tax-free for the purposes of investing outside a traditional 401(k). Under one hypothetical scenario described by multiple officials, a household earning up to $200,000 could invest $10,000 of that income on a tax-free basis, although officials noted these numbers are fluid. “Nothing’s ruled out,” said one senior administration official. “Nothing’s been ruled in, either.” Larry Kudlow, director of the National Economic Council, told CNBC the approach looked at most closely centers on creating universal savings accounts, which would combine retirement, education and health care savings into one vehicle. Money put into the account would be done so on an after-tax basis, and taxed when withdrawn as well; but any accumulation of profits during the investment timeframe, known as capital gains, would not be taxed. Kudlow told CNBC this policy, if pursued, may extend to bonds as well as stocks. Kudlow noted that this and other ideas have yet to be fleshed out, and no decisions have been made. The development comes as President Donald Trump seeks reelection this fall. He has sought to distinguish himself from his potential Democratic rivals by accusing of them of pursuing “socialist” policies while he has touted tax cuts and deregulation under his administration. After the Great Recession, the percentage of American households owning stocks fell to 52% from 62% before the crisis, according to Gallup. That percentage reached 55% in 2019, a year when the stock market hit record highs. The tax break, if enacted, would represent “a pretty substantial amount of money for people” to have for retirement, according to Stephen Moore, economist at the conservative Heritage Foundation and close confidante of the White House. “That’s the type of thing that would expand ownership,” Moore tells CNBC. The stock market’s rise under Trump’s tenure is a well-documented point of pride for the president and his top economic officials, who have called the Dow Jones Industrial Average a “barometer” and a “mark-to-market indicator” of the administration’s performance. The S&P 500, seen as the broadest index of corporate performance, has risen 49% since Trump took office. The White House publicly has been pointing to the package as a new shot of adrenaline in an economy whose growth shows signs of slowing 10 years into an expansion. A payroll tax cut would become an option only if the economy experienced significant decline, according to two senior administration officials. Separately, Kudlow has suggested cutting the tax rate to 15% for middle-class earners. Kudlow and Vice President Mike Pence have suggested that the package could be unveiled in early fall, as voters are deliberating whether to elect Trump to a second term.

For years Danielle Park has been sounding the clarion call about overvaluation in the financial markets and the lack of accountability and risk management. She was often looked upon as an outlier and a Cassandra, until now. Her clients have greatly profited from her approach and it's beginning to look like she was right all along. Sometimes, it takes a pandemic or some other black swan for the world to wake up to financial realities.

John spent 4 years in Las Vegas learning how to win and discovering how people really are—especially about money. For the last 30 years, John has helped CEOs and production teams win deals and close more business. Technology companies with a complex sales process are his specialty, but he deals with and helps all kinds of businesses. His analytical approach and intricate formula for success is a power within itself! “The direction you’re headed in is more important than where you’ve been.”

John and I have been warning you for 9 years about what the economy and the stock market. On numerous occasions we were berated as being "stopped clockers." We always stated that we didn't know when it was going to happen, only that we were certain it would. And surprise, surprise. It finally has. We're not happy to finally be right, since the current situation is truly a tragedy on so many levels. But here we are, massive stock market losses, a global financial pandemic and gold has finally started going up. We were right about this and so much more. And have you seen Tesla's stock? Down over one-third in just a few weeks. It's only just begun. Stay tuned for lots more.

Head of the Ron Paul Institute for Peace and Prosperity Daniel McAdams joined us. We talked about Julian Assange's persecution. Assange is by any definition a journalist, in the truest sense of the word. But that hasn't stopped governments, especially the US, from going after him for exposing their tightly held dirty secrets. Will Trump support him?  We also talked about the Coronavirus and its implication for freedom and the excuse it provides for taking even more of our rights away.

Eric reviews all relevant markets and explains why they're all going down, except for precious metals. Expect gold to resume it's upward trajectory later in the year. Lots of important info here.

Trilogy's Arctic Project - Ambler Mining District, has been dreamed phase for decades. The deposit includes vast amounts of copper, zinc, lead, gold and silver. There was just one problem, it's a remote stranded asset. Developing this mine has always been contingent upon building a 211 mile long road, which would connect it to the Dawson Highway. This would allow the vast riches to be transported to market. However, even though the road was specifically allowed by legislation, there was no political will to build. With lower oil prices and decreased production, that's all changed. Alaska is looking for new sources of revenue and so is NANA, a native regional corporation that is a partner in the project. It's a case of win-win-win. Trilogy wins because they get to develop these potentially profitable resources. The State wins because it gets added revenues and NANA wins because it gets a share of the profits and its members get jobs.  Interim President and CEO Jim Gowans has spent his life developing these remote high value projects. He's expecting imminent approval of the Environmental Impact, which will allow road construction to begin, thus enabling the mine to finally come on line. This will be a game changer for all interested parties, especially the Trilogy's shareholders.

We sat down with Jamie Keech, well know mining engineer and expert. Gold was shooting up and then all of a sudden it crashed. Now it’s come back and Jamie believes that PDAC’s upbeat and optimistic was justified, once gold bounced back after losing big the week before. But as far as Jamie is concerned, it’s full steam ahead. And the proof is that many of the better companies have been raising substantial capital and this trend will continue. You can’t let the Coronavirus stop you from living life.We’ll just have to see what happens next.