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Transcript

Fed Imposter Steals $550,000 in Gold

Market Rundown |
5

Housekeeping: Good Morning.

“Begun, the Mineral Wars have. Rebuild its gold supply chains, the West must.”

Topics:

  • Man Posing as Fed Takes Delivery of $550,000 Gold

Market Analysis:

Fed Imposter Buys Gold

·
Jul 22
Fed Imposter Buys Gold

This story is mostly true. Except for the italics

A Brooklyn man has been charged in connection with a sophisticated fraud that defrauded an elderly Pennsylvania resident of over half a million dollars in gold bars, authorities said.

Zhong Ren, 44, was arrested and arraigned on July 10 for theft by unlawful taking, conspiracy to commit theft by deception, and impersonation of a public servant. He is being held at Lancaster County Prison on $550,000 bail. The plaintiff pledged a comex futures contract and was set free.

Before we continue… its important to note It’s unclear what’s more shocking: that a man impersonating a federal employee actually managed to buy gold, or that an American handed her savings to someone promising the government would protect it

Full analysis in Premium Post: Man Posing as Fed Takes Delivery of $550,000 Gold


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Data on Deck: Powell speaks

  • MONDAY, JULY 21 U.S. leading economic indicators

  • TUESDAY, JULY 22 8:30 am Fed Chair remarks at banking conference

  • WEDNESDAY, JULY 23 Existing home sales

  • THURSDAY, JULY 24 PMI, New home sales

  • FRIDAY, JULY 25 Durable Goods

Charts and Final Market Check

**MONDAY, JULY 21 **10:00 amU.S. leading economic indicatorsJune-0.2%-0.1%
TUESDAY, JULY 228:30 am Fed Chair Powell opening remarks at banking conference
WEDNESDAY, JULY 2310:00 amExisting home salesJune4.0 million4.03 million
THURSDAY, JULY 248:30 amInitial jobless claimsJuly 19229,000221,0009:45 amS&P flash U.S. services PMIJuly53.252.99:45 amS&P flash U.S. manufacturing PMIJuly52.452.910:00 amNew home salesJune650,000623,000
FRIDAY, JULY 258:30 amDurable-goods ordersJune-11.0%16.4%8:30 amDurable-goods minus transportationJune0.5%

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