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Coronavirus Live Updates: U.S. Cases Surpass 4 Million; GOP Convention Cancelled in FloridaJul 24, 2020 - 04:53:33 PDT
The coronavirus has infected more than 15.3 million people around the world as of Thursday, killing at least 625,005 people.
Covid-19 is one of the most "alien" viruses our modern health care system has encountered.
With the prospect of hyperinflation in the not too distant future due to relentless and increasingly desperate and extreme money printing by Central Banks, the prospects for silver and silver investments have never been brighter as one thing we can look forward to is the biggest silver bullmarket in history by far.
The gold market saw a lot of excitement on Thursday, with its climb over the last five sessions in a row ultimately lifting prices into record territory.
On a monthly chart, the last resistance point for gold is the $1923 peak in 2011.
Silver's still a country mile from all-time record highs, yet gold is testing $1,900, and thankfully, Chris is here to help us sort out that and more...
Massive Inflation May Be Coming, The US Government Has Cornered Itself into a Fiscal End Game: FEEJul 23, 2020 - 11:16:19 PDT
To avoid government default, confiscatory taxes, government shutdown, or a combination of all three, the Federal Reserve has reached a point wherein it has little choice but to monetize federal deficits. Sooner or later, we will all pay the price in the form of massive inflation.
The Fed has come around to the conclusion that inflation isn’t going to be a problem. So now it’s time to start wondering if inflation is going to be a problem. The Fed has a tendency to fight the last battle, which could lead policy makers to miss what may be the “Great Inflation” era.
The Economy May Need Another $12 Trillion of Asset Purchases Just to Keep Ticking Over: BloombergJul 23, 2020 - 10:49:33 PDT
Think Real Yields Can't Go Lower? Think Again. Negative Yields Are All Too Real
Overall, and after reading more extensively about it, including arguments both pro and con, I still do not see what is new or ‘modern’ about MMT. Whether it is, or is not, doesn’t…
Jul 23, 2020 - 09:49:16 PDT
There have been key breakouts across major markets in recent days. The one recurring theme linking it all together seems to be one of selling pressure on the dollar. The puzzle pieces appear to have all fallen into place for selling the dollar.
The amount of gold it took to buy a high-end house 1,100 years ago in the Islamic Kingdom of Cordoba equals about the same price of a high-end home today.
With consensus forecasts tilting toward more QE this year, asset correlations as investors know it could permanently change. Global liquidity, as measured by M2 money supply, ballooned to more than $88 trillion.
To understand the shift, first let's have a look at how the global gold market operated before March 23, when things still ran smoothly...
Just three stocks, Apple, Amazon and Microsoft, make up more than 16% of the S&P 500 Index and over a third of the Nasdaq 100 Index. Together they are now valued at nearly $5 trillion.
As a result, the economy is chugging along by imbibing debt, and this is a dangerous situation to be in when there are steep economic downturns or market crashes.
Money supply growth surged to another all-time high in May, following April's all-time high that came in the wake of unprecedented quantitative easing, central bank asset purchases, and various stimulus packages.
Gold Prices Approach Highest Settlement in History as Silver Futures Take a BreatherJul 23, 2020 - 08:06:54 PDT
Gold prices looked set to extend a win streak to a fifth straight session on Thursday, bringing the yellow metal within shouting distance of a historic settlement peak around $1,900 an ounce, highlighting feverish demand for bullion...
Does this spell disaster for the rally in precious metals? With momo chasers piling in at the margin? Well it didn't seem to hurt TSLA...
Silver to money supply is still near historic lows! A parabolic move looks to be ahead of us.