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By: Richard Mills, Ahead of the herd - 27 February, 2020|
Whether it’s a Democrat or a Republican installed in the White House this November, you can count on fiscal discipline going out the window. Neither the incumbent, President Donald J. Trump, nor the leading Democratic contender to replace him, Bernie Sanders, appears to give a hoot about shoveling more onto the enormous pile of debt that a few months ago shot past $23 trillion.
Why does this matter? Because debt impedes economic growth . And just like a business, if a country isn’t growing, it’s dying. Full Story
By: Ted Butler - 27 February, 2020|
Having traded as high as $1691 in COMEX April gold and $18.92 in March silver on Monday on near-record volume and closing not far from those levels as of the 1:30 PM EST settlements, prices sold off sharply in the always thinly-traded afterhours. As expected, the all too common occurrence drew complaints of market rigging. To be sure, the sudden selloff was deeply suspicious, but the suspected culprits were not surprising when one examines the known data. Those long had nothing to gain by driving prices sharply lower when trading liquidity was at its lowest. The only entities that stood to gain by the sudden selloff were those most short – aka the 7 biggest short sellers. Full Story
By: Chris Powell, GATA - 27 February, 2020|
Call us anything you want, just not late for dinner, since, politically incorrect as GATA is, we're glad of almost any attention. Indeed, GATA is honored to be mentioned in the same breath as Zero Hedge, whose audience is a million times larger than ours, just as we're delighted that the head of investment research at a Swiss currency trading house apparently has taken some notice of our work.
But GATA always cordially invites those who call us "conspiratorial" to examine the documentation behind our work. We present it assiduously, even tediously.. Full Story
By: Jim Willie CB - 26 February, 2020|
Much remains concerning the corona-virus, its potential planning, or else its exploited event. The discussion and debate, along with investigations and accusations, will remain for a long time. This is an historical event, like 9/11, certain to change the global landscape in a profound manner. The elite agenda can never be dismissed, with uncertain participants, whether voluntary or coerced. Vengeance by China might be to finally wreck the King Dollar and to push Gold onto the financial high throne. The global transition with paradigm shift was either planned with the bio-attack, or else will occur in its aftermath. Full Story
By: Craig Hemke, TF Metals - 26 February, 2020|
So what's the point of this post? Understand this:
Yes, gold prices have surged higher in 2020 and some of this is due to a fear-based trade over the growing concerns of a coronavirus global pandemic. But prices were already headed higher before the emergence of the virus, and the interest rate driver of this move has only accelerated over the past few weeks.
Just as in 2019, Powell's Fed has been painted into a corner. They will soon act to cut rates and add liquidity, and this will help to provide for a consistent bid for gold in all its forms...which will lead to consistently higher prices as 2020 unfolds. Full Story
By: Gary Christenson, The Deviant Investor - 26 February, 2020|
“It’s time to sell. We are totally out of stocks.”
Interest rates will continue to decline.
“Gold will go to $2,500 per ounce” in the next few years.
“I made the calculation that if the system breaks down and we have to go back to the gold standard, then gold would be around $60,000 per ounce. Who knows what’s going to happen.” Full Story
By: Dave Kranzler, Mining Stock Journal - 25 February, 2020|
Two economic reports were released which demonstrate that the money printing is not helping the economy. In the fourth quarter of 2019, U.S. household debt pushed over $14 trillion, reaching an all-time record high. This was fueled by a surge in mortgage and credit card debt. Much of the the new mortgage debt consisted of cash out” refis, which helped exacerbate the last housing bubble/collapse.
Second, the U.S. Treasury announced that the Government spending deficit for January was $32.6 billion. This was considerably worse than the $11.5 billion deficit expected... Full Story
By: Gary Tanashian - 25 February, 2020|
Is gold manipulated? Why, of course. Policy makers and their agents stand ready 24/7 to shall we say influence the financial markets. Does gold get the shit end of the stick while stocks get the err, golden end? Why, of course. Deal with it, and don’t cry about it. One thing I have noticed over the years is that reversals in the gold price like yesterday, seemingly out of thin air, come more often in bull markets than bear markets. It’s a fact of life in a gold bull market. Full Story
By: David Haggith - 25 February, 2020|
It is the senseless things of this world that sometimes knock sense into the high and mighty whose hubris causes them to believe they cannot fall. In this case, the tiny COVID-19 virus (coronavirus) is bringing down a global house of cards long perched to fall — locks, stocks, and barrels of oil.
Stock investors thought the over-Fed market’s bull run would prove immortal, but all the overripe market needed was for a fat, black swan to drop down on the market’s head and knock some sense into it. Economic damage worldwide, however, is far from limited to stocks. Some of it seems almost silly or bizarre, but such is the case when the entire global economy is already in ill health, having survived on Fedmed for a decade. Full Story
By: Richard (Rick) Mills, Ahead of the herd - 25 February, 2020|
We know that the US stock market is a bubble and all bubbles pop. It's only a matter of when. We also know that much has been done by the Trump administration to fray existing alliances and to inflame tensions with trading partners-turned-adversaries, namely China, the European Union and even its two NAFTA “amigos”, Canada and Mexico. China, Russia, Turkey and others, are already moving away from pricing trade in US dollars and buying US debt through treasury purchases. Central Banks have been stocking up on gold.
Will the rest of the world follow and punt the US$ as the world’s reserve currency? We at AOTH think so and we await gold's coming Minsky Moment. Full Story
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