Precious metals are apparently waking up. And here is where you can find the best deals.
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Money manager Eric Hickman is a number-cruncher who’s also a student of history. And looking at the past 100 years of market data, he’s forced to conclude that the stock market is due for a whopper of a correction — one that could happen at any moment…
Okay, so we are having a little bit of fun here… but this really is a massively bullish pattern for Gold. And we have been tracking this Gold cup with handle pattern since early 2020.
Now gold is in the ascending phase of the new cycle, which is when the best gains for gold prices are usually seen.
Here are the presentation slides to accompany our Crescat Gets Activist on Gold #30.
Precious metals markets will lift over time with the rising tide of inflation. Recent trends show inflation running hotter than it has in years.
Central banks and gold have a long history together. Gold was treated as money well before the creation of central banks, the modern-day stewards of monetary policy.
Consumer Credit Explodes Higher As Americans Rediscover Their Love For Credit CardsMay 7, 2021 - 12:46:51 PDT
Just yesterday, we showed that only a few quarters after banks effectively shut down, refusing to give out C&I, credit card or auto loans and mortgages to virtually anyone as a result of record Draconian credit standards, credit standards saw a complete U-turn and as of April, lending standards for credit cards and autos were the loosest on record.
As a result, the national debt of $ 28.2 trillion will grow even faster. Worse yet, when unfunded liabilities are included on the balance sheet, as private companies are legally required to do, the debt exceeds $ 120 trillion.
There's not many of us in the transitory camp, but add economist David Rosenberg to the list.
In other words, if the trillions in debt-funded stimulus injected by Biden do in fact translate into a non-transitory boost to GDP growth, then all bets are off. Said otherwise, it will be extremely ironic if the Biden stimulus plan works... and the US economy implodes as yields soar.
Transferism, Not Socialism, Is the Drug Americans Are Hooked On: Antony DaviesMay 7, 2021 - 11:13:36 PDT
As of today, almost 70 percent of what the federal government does involves simply taking money from one group of people and giving it to another. Less than one-third of the money Washington spends is spent in the name of actual governance.
Hedge funds and asset managers are scooping up derivatives that pay off when the dollar declines slowly or stays within a narrow range. In one strategy, known as a strangle, traders sell both bullish and bearish options for short periods.
"The low-income worker is a net beneficiary of bigger government for about 10 years. But as time goes on, the worker would be far better off with smaller government and faster growth. Different assumptions will lead to different results, of course. My goal is simply to help readers understand...
With Brainard, Jerome Powell, and Treasury secretary Janet Yellen focusing on the climate, the M1 money supply has gone parabolic, from just over $4 trillion in February to $18.6 trillion in March. This is right out of Gideon Gono’s playbook. The once governor of the Reserve Bank of Zimbabwe, said, among many outrageous things, “There is a positive correlation between the drought and inflation.”
Hedge funds have accumulated the biggest short position on junk bonds since 2008 in another sign that investors are lining up to bet against frothy debt markets.About $55 billion of global high-yield bonds has been sold short, according to data from IHS Markit Ltd. That’s up from $35 billion at the start of the year.The heady mix of rich valuations and willingness...
A large option bet on quicker rate-hikes by the Federal Reserve got bigger this week, even as officials pushed back against hawkish expectations.The wager -- carrying a notional value of $40 billion -- is focused on a possible surprise at the annual August symposium in Jackson Hole, which has been used in the past by central bankers to signal changes in monetary...
May 7, 2021 - 09:21:19 PDT
Treasury Secretary Janet Yellen and Press Secretary Jen Psaki hold a briefing at the White House on Friday after a big miss on the April jobs report. Hiring was a huge letdown in April, with nonfarm payrolls increasing by a much less than expected 266,000 and the unemployment rate rose to 6.1% amid an escalating shortage of available workers.
About 29% of unemployed Americans have been out of work at least a year, a period of joblessness stretching to the early days of the Covid pandemic.
The system allows the Fed to enable the banks to make risky bets. When they win, they make billions; when they lose, the taxpayers are stuck with the losses.
Fed’s QE: Total Assets $7.8 Trillion, More Than Doubled in 18 Months Since Repo Market BlowoutMay 7, 2021 - 08:15:52 PDT
The Fed’s total assets on its balance sheet for the week through Wednesday, May 5, fell by $10 billion from the prior week and by $40 billion from the record two weeks earlier, to $7.77 trillion. Over the 14 months since the crazy money-printing show has started, the Fed has piled $3.53 trillion in assets on top of its existing mountain.