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‘Pet Rock' Guy Admits He Was Wrong About Gold, Then Says You Run The Risk Of Being Wrong Too If You're Buying Gold Rig...July 27, 2020
Some people just don't get it, or they get it but write for The Wall Street Journal, so they must conform to being MSM propagandists...
Gold and silver have now entered ‘Phase 3’ according to Mike Maloney. So what is it that has changed to bring us into this new environment? It is something that Mike has been expecting for some time, and is finally here: monetary demand. And as he hints towards the end of this video, ‘You ain’t seen nothin’ yet’.
Fresh gains for gold on Monday take it ever closer to a $2,000 level that some analysts see as a distinct possibility.
Fed Releases POMO Schedule For Next Two Weeks: Will Buy $9BN In Treasuries And MBS DailyJul 27, 2020 - 12:58:15 PDT
The Fed will continue to purchase roughly $9 billion in Treasurys and MBS almost every day for the next two weeks.
The dollar has become the world's punching bag, and it's likely to stay that way for awhile.
If some Congress members get their way, the Federal Reserve may soon be able to track many of your purchases in real time and share that information...
Without more discipline at the Fed, inflation could easily get out of control.
Jul 27, 2020 - 11:15:02 PDT
Our own Jeff Clark was selected to interview First Majestic Silver CEO Keith Neumeyer at this year's Sprott Natural Resource Symposium, held earlier this month. All things silver discussed, plus the latest with the company.
Why Nothing Can Stop Gold: Deutsche Bank Projects Fed's Balance Sheet Will Hit $20 Trillion In "Next Few Years"Jul 27, 2020 - 11:11:30 PDT
The Fed may need to add up to $12 trillion to its balance sheet over the next few years to reach the equivalent to a shadow Fed Funds rate of -5% to fill the policy gap.
Despite the surging stock market from the March lows, trillions in liquidity support from the Fed, retirement confidence declined.
Everything has changed! Gold & Silver investors may be a bloody mess after years of abuse, but we’re outlasting the bullies...
"behind the scenes: food bank line in Baltimore just getting started..."
Charting The Retail Devastation: Here Is The Stunning List Of US Store Closures In 2020Jul 27, 2020 - 10:58:49 PDT
Around 20,000-25,000 stores could permanently close in 2020 on COVID-19 headwinds, implying an accelerated store closure schedule in the second half of the year.
A Look Inside The $52 Trillion Bubble That Has "Hijacked China's Economy"Jul 27, 2020 - 10:56:27 PDT
"Property has hijacked China’s economy, so the government wouldn’t dare to push for a plunge in housing prices, even if that’s the most effective way to deflate the bubble."
You may have noticed a bit of manic activity in the stock market. You may have also noticed inflation (as measured by various government agencies) is quite low, despite a supply interruption in numerous goods and services.
Sean Callow of Westpac Bank thinks that the U.S. dollar could test the low-90 level versus a basket of currencies, but will not come close to the index's 2018 lows of sub-90.
The upcoming FOMC meeting aims at preparing the market for changes in the monetary policy in September. At the meeting this week, the Fed will keep its policy measures unchanged at this week’s meeting, i.e., the Fed funds rate will stay at 0-0.25%, while asset purchases (QE) will be kept at a monthly pace of […]
Traders are abandoning bearish bets on gold as the yellow metal surges to all-time highs. Short interest as a percentage of shares outstanding on the $75 billion SPDR Gold Shares exchange-traded fund, ticker GLD, is near the lowest level since July 2009, according to data from IHS Markit...
Unexpectedly Ugly, Record Large 2Y Auction Prices At New All Time Low YieldJul 27, 2020 - 09:28:33 PDT
A surprisingly ugly auction, and one which has put a bad taste in buyers' mouths ahead of today's $49BN 5Y auction.
...Should that happen, stagflation will probably be underway. Until then, price deflation still seems likely.