Tuesday 29 September 2020
Friday 25 September 2020
Michael Pento: Asset Crash to WIPE OUT Investors
And did you know that investment firms provide the wealthy with very different financial advice and opportunities than what they offer to ordinary people?
Most wage earners and professionals dutifully follow the standard “buy-and-hold” advice that mainstream financial planners provide to their middle-class clients.
These same financial firms and family offices provide the high-net-worth elite class with an entirely different kind of insight and guidance about what’s coming.
With the Fed’s recently announce ZIRP for years ahead and unlimited printing/debasement of the US Dollar, one highly respected money manager is warning that the propped up stock and bond markets are overripe for a sudden crash that will devastate the finances and futures of most middle-class investors.
Michael Pento, founder of Pento Portfolio Strategies returns to Liberty and Finance to set the record straight on what’s really going on, and what we can do about it!
- Source, Liberty & Finance
Wednesday 23 September 2020
Golden Rule Radio: Zombification and the Free Money Apocalypse
- Source, Golden Rule Radio
Monday 21 September 2020
Exploration Insights: There is Still Plenty of Value in Junior Gold Explorers
In an interview with Kitco News, on the sidelines of the virtual Beaver Creek Precious Metals Summit, Joe Mazumdar, editor of exploration insights, said that he recently looked at senior producers and compared how much they are spending on exploration and how much is going to cover general and administrative (G&A) expenses.
- Source, Kitco News
Saturday 19 September 2020
Gold & Silver Price Update: Fed Signal Near Zero Rates For Years to Come
We cover the price movements of gold, silver, platinum, palladium, the US Dollar index, and equities markets.
- Source, Golden Rule Radio
Friday 18 September 2020
A Powerful Ally to the Fed Just Boosted the Prospects for Inflation
This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: ECB could follow the Fed’s pro-inflation policy, precious metals in a pandemic, and legendary silver coin to be sold for more than $10 million at an auction.
Gold could move up further as the ECB looks to keep the euro down
If one believes that central bank policies are a primary driver of gold prices, the yellow metal should have plenty of room to go up even as it sits above its previous all-time high. Besides the Federal Reserve’s openness to inflation, gold should be buoyed by a surge of the euro and the European Central Bank’s (ECB) efforts to contain it.
Experts like Mechanical Engineering Industry Association’s chief economist Ralph Wiechers and Natixis strategist Dirk Schumacher note that an overly strong euro poses problems for the eurozone. It hinders both exporters and importers, slows the European economy, and can cause inflationary spikes in individual countries.
While the ECB might not be able to control the euro as easily, Schumacher’s firm expects them to try and push it down by introducing looser monetary policies. BNP Paribas’ analysts share a similar view, stating in a recent note that the ECB would also voice its desire to keep the euro lower. This was exemplified when former ECB vice president Vitor Constancio stated in an interview that the ECB would follow in the Fed’s wake by allowing inflation to run above the targeted rate for periods of time.
Strong currencies are among the biggest headwinds for gold prices, and inflation is one of its most powerful drivers. Given recent statements by officials from both central banks, it should come as no surprise that prominent investor Peter Schiff points to inflation as the next big thing that will power gold’s gains.
Precious metals in times of crisis
With a tumultuous first half of the year behind us, Richard Baker goes over how both metals fared this year and what could be in store for them moving forward. The parallels between this year’s crisis and the 2008 collapse have been drawn many times, and they are fairly evident in the gold market. Despite both metals’ status as safe havens, they came under a massive selloff in March as investors looked for liquidity anywhere they could.
As the panic somewhat subsided, gold emerged as an outperformer and soared past $2,000 in what one could argue is a rare example of a show of strength that rests on solid footing. Despite its pullback, gold still finds itself in an exceedingly favorable position. Existing worries such as the U.S.-China trade war have intensified, while new tailwinds like the coming U.S. election have shaped up to offer a promise of support in the near-term.
Although there has been much debate over how sluggish the economic recovery will be and whether inflationary expectations will materialize, it pays to take note that gold does well in both inflationary and deflationary environments. More importantly, real rates in the U.S. have hit negative territory in March, and the Fed’s zero-rate-policy is likely to keep them there for a while.
Drawing the same parallels to the 2008 crisis paints a picture of a few years of uncertainty, and gold’s price could be bumped up at any point during that stretch. With investor interest in gold reaching record levels, Baker ascertains that gold is beginning a lengthy bull run similar to that between 2008 and 2011. And while a slow economic recovery could hamper silver’s gains, a key point is that the gold-to-silver ratio has been normalizing and is approaching its 10-year average of 69.5. Taking into account gold’s movement this year, this should eventually place silver somewhere along $32, giving owners of both metals plenty to be enthusiastic about.
1794 “Flowing Hair” silver dollar expected to fetch more than $10 million during October auction
Collectors aren’t easily dissuaded, as this year’s numerous high-profile auctions can attest. Economic crisis or not, these individuals are invariably going to pull out all the stops when it comes to acquiring the rare and unique item they covet.
And, with October approaching, the attention of the auctioning world is quickly shifting to the 1794 “Flowing Hair” silver dollar. In 2013, private collector and auctioneer Bruce Morelan acquired the coin for $10,016,875, making it the world’s most valuable numismatics coin by a significant margin.
The coin’s exceptional value comes from its mintage and the history that surrounds it. The Lady Liberty coin is one of 1,758 silver dollars that were minted in a single day in October 1794. That only 140 or so remain in circulation already gives the coin tremendous value, but the high price stems from the belief that this particular coin was the first to be struck during the mintage. Its silver plug and a 66 grade on a 0-to-70 scale has driven many experts to label it as the first U.S. silver dollar.
“This is a dream coin—a priceless artifact that I have been proud to own, and I’m very sorry to see it go,” said Morelan of the legendary coin. “It’s time to move on to other challenges, and I hope that the new owner of the coin treasures it just as much as I have.”
Coins from this line always attract high bids, as was shown when another 1794 Flowing Hair silver dollar was sold for $4,993,750 in 2015. With the iconic status of Morelan’s coin, experts are certain that the upcoming sale could result in a figure higher than the historic amount set in 2013.
Gold could move up further as the ECB looks to keep the euro down
If one believes that central bank policies are a primary driver of gold prices, the yellow metal should have plenty of room to go up even as it sits above its previous all-time high. Besides the Federal Reserve’s openness to inflation, gold should be buoyed by a surge of the euro and the European Central Bank’s (ECB) efforts to contain it.
Experts like Mechanical Engineering Industry Association’s chief economist Ralph Wiechers and Natixis strategist Dirk Schumacher note that an overly strong euro poses problems for the eurozone. It hinders both exporters and importers, slows the European economy, and can cause inflationary spikes in individual countries.
While the ECB might not be able to control the euro as easily, Schumacher’s firm expects them to try and push it down by introducing looser monetary policies. BNP Paribas’ analysts share a similar view, stating in a recent note that the ECB would also voice its desire to keep the euro lower. This was exemplified when former ECB vice president Vitor Constancio stated in an interview that the ECB would follow in the Fed’s wake by allowing inflation to run above the targeted rate for periods of time.
Strong currencies are among the biggest headwinds for gold prices, and inflation is one of its most powerful drivers. Given recent statements by officials from both central banks, it should come as no surprise that prominent investor Peter Schiff points to inflation as the next big thing that will power gold’s gains.
Precious metals in times of crisis
With a tumultuous first half of the year behind us, Richard Baker goes over how both metals fared this year and what could be in store for them moving forward. The parallels between this year’s crisis and the 2008 collapse have been drawn many times, and they are fairly evident in the gold market. Despite both metals’ status as safe havens, they came under a massive selloff in March as investors looked for liquidity anywhere they could.
As the panic somewhat subsided, gold emerged as an outperformer and soared past $2,000 in what one could argue is a rare example of a show of strength that rests on solid footing. Despite its pullback, gold still finds itself in an exceedingly favorable position. Existing worries such as the U.S.-China trade war have intensified, while new tailwinds like the coming U.S. election have shaped up to offer a promise of support in the near-term.
Although there has been much debate over how sluggish the economic recovery will be and whether inflationary expectations will materialize, it pays to take note that gold does well in both inflationary and deflationary environments. More importantly, real rates in the U.S. have hit negative territory in March, and the Fed’s zero-rate-policy is likely to keep them there for a while.
Drawing the same parallels to the 2008 crisis paints a picture of a few years of uncertainty, and gold’s price could be bumped up at any point during that stretch. With investor interest in gold reaching record levels, Baker ascertains that gold is beginning a lengthy bull run similar to that between 2008 and 2011. And while a slow economic recovery could hamper silver’s gains, a key point is that the gold-to-silver ratio has been normalizing and is approaching its 10-year average of 69.5. Taking into account gold’s movement this year, this should eventually place silver somewhere along $32, giving owners of both metals plenty to be enthusiastic about.
1794 “Flowing Hair” silver dollar expected to fetch more than $10 million during October auction
Collectors aren’t easily dissuaded, as this year’s numerous high-profile auctions can attest. Economic crisis or not, these individuals are invariably going to pull out all the stops when it comes to acquiring the rare and unique item they covet.
And, with October approaching, the attention of the auctioning world is quickly shifting to the 1794 “Flowing Hair” silver dollar. In 2013, private collector and auctioneer Bruce Morelan acquired the coin for $10,016,875, making it the world’s most valuable numismatics coin by a significant margin.
The coin’s exceptional value comes from its mintage and the history that surrounds it. The Lady Liberty coin is one of 1,758 silver dollars that were minted in a single day in October 1794. That only 140 or so remain in circulation already gives the coin tremendous value, but the high price stems from the belief that this particular coin was the first to be struck during the mintage. Its silver plug and a 66 grade on a 0-to-70 scale has driven many experts to label it as the first U.S. silver dollar.
“This is a dream coin—a priceless artifact that I have been proud to own, and I’m very sorry to see it go,” said Morelan of the legendary coin. “It’s time to move on to other challenges, and I hope that the new owner of the coin treasures it just as much as I have.”
Coins from this line always attract high bids, as was shown when another 1794 Flowing Hair silver dollar was sold for $4,993,750 in 2015. With the iconic status of Morelan’s coin, experts are certain that the upcoming sale could result in a figure higher than the historic amount set in 2013.
- Source, Birch Gold Group
Wednesday 16 September 2020
Monday 14 September 2020
Bill Holter: Get Out Now Before Total System Collapse Occurs
Bill argues that everything is about the credit markets and not stocks. There is a lot of mortgage debt and rent delinquency, which means payments are not getting to the owners of that debt.
He believes the credit market backs have now been broken due to the lack of debt servicing. Debt is exploding rapidly, and it seems doubtful that the US has the gold reserves it claims.
Those reserves were last audited in 1956, and there are numerous ways gold could have leaked out over the years. If the US has the gold it claims, it would still need to be revalued at $120,000 to back the current US debt.
The Comex is desperately acquiring metals wherever they can to keep up with delivery demand. When the Comex fails to produce the metal, that will break prices free to the upside, which appears to be occurring right now.
Bill discusses what a currency reset would look like and why you want to see a transition to real money and away from a paper-backed fiat system.
He says, "Everything financial today is worth nothing." He discusses why bonds have been a bad deal when compared to gold.
Pension funds may be acquiring metals via the ETF's, but regardless there is nowhere near enough metals to back even a fraction of them.
Eventually, the junior mining sector, which holds future reserves in the ground, will be the last place where investors will be able find any exposure to gold.
- Source, Palisade Radio
Saturday 12 September 2020
Ron Paul: The True Reason Behind the Chinese & United States Trade Wars
Paul said that this is the incorrect approach to foreign policy and that the U.S. should be focused on more free trade instead. “China is more or less a scapegoat, which is very unpopular to say, that’s unpatriotic to say that we have some responsibility for ourselves.
We need to stop the interference in trade. I think free trade will neutralize the disagreements that we have, but we always seem to have to have an enemy,” Paul told Kitco News.
- Source, Kitco News
Friday 11 September 2020
Thursday 10 September 2020
Gold's Season To Be Jolly... Or Folly?
The seasoned Gold enthusiast is sensitive to seasonality. And by conventional wisdom, 'tis said that the run from September through November is Gold-positive. After all: Gold is thought to sop up the negativity suffered by stocks in September, mitigate the surprises of October, and benefit by holiday spending into November.
'Tis Gold's season to be jolly. Or better stated, 'twasGold's season to be jolly, that to expect same today may well be folly.
"You're not going to upset that apple cart, are you mmb?"
Now just bear up, Squire: you shan't get this anywhere else, so pay attention. 'Tis our wont to upgrade your wisdom from conventional to informed. To be sure, in this business nobody knows with certainty what is going to happen, however we attempt to stay above water in being guided by experience from that which has been happening, toward assessing one's expectations and in turn managing one's risk moving forward.
So from the "What's Been Happening Dept.", here we go with that from the past which we know.
Clearly one of the most heavily traded periods of the year across the spectrum of the BEGOS Markets (Bond / Euro / Gold / Oil / S&P) is from the day after StateSide Labor Day (first Monday in September) through the day before StateSide Thanksgiving (last Thursday in November). Indeed for the first full 19 years of this century, more stock market futures contract volume has traded in the September-November period than in any other discreet three-month period, (i.e. Dec-Feb, Mar-May and Jun-Aug).
'Tis Gold's season to be jolly. Or better stated, 'twasGold's season to be jolly, that to expect same today may well be folly.
"You're not going to upset that apple cart, are you mmb?"
Now just bear up, Squire: you shan't get this anywhere else, so pay attention. 'Tis our wont to upgrade your wisdom from conventional to informed. To be sure, in this business nobody knows with certainty what is going to happen, however we attempt to stay above water in being guided by experience from that which has been happening, toward assessing one's expectations and in turn managing one's risk moving forward.
So from the "What's Been Happening Dept.", here we go with that from the past which we know.
Clearly one of the most heavily traded periods of the year across the spectrum of the BEGOS Markets (Bond / Euro / Gold / Oil / S&P) is from the day after StateSide Labor Day (first Monday in September) through the day before StateSide Thanksgiving (last Thursday in November). Indeed for the first full 19 years of this century, more stock market futures contract volume has traded in the September-November period than in any other discreet three-month period, (i.e. Dec-Feb, Mar-May and Jun-Aug).
Thus this Monday being Labor Day, come Tuesday for some 11 weeks right up to Thanksgiving 'tis "GAME ON!"
And by conventional wisdom along with its aforementioned seasonality rationale, there's thought to be within such overall market chaos the shining safe haven of Gold. One only has to look at the following table of this century's first decade of Gold's performance from Labor Day to Thanksgiving, i.e. each year from 2001 through 2010: seven of those ten years posted net increases for that period for an average gain of +7.2%, the losing years in tow being comparatively mild, and the high price generally coming after the low price. Jolly indeed:
"But since then, mmb?"
The truth can hurt, Squire, but we put it out there such that it can be anticipated and negotiated. Here is the like table during this century's second decade (nine full years thus far for those of you who know how to properly count) of Gold's performance from Labor Day to Thanksgiving, i.e. each year from 2011 through 2019, with 2020 now in the balance. And but for two meager up years, the other seven posted net decreases for that period for an average loss of -5.4%, the low price dominantly coming after the high price. Folly indeed:
Do we thus conclude that Gold's once-heralded positive seasonality for this time of year is a thing of the past? Not comprehensively, of course. Still, with specific respect to such seasonality kicking in this time 'round -- and given as written "nobody knows with certainty what is going to happen" -- bear in mind that the trend is one's friend. Or as Will Rogers perfectly put it: "Only buy the stocks that go up; if they don't go up, don't buy 'em."
And by conventional wisdom along with its aforementioned seasonality rationale, there's thought to be within such overall market chaos the shining safe haven of Gold. One only has to look at the following table of this century's first decade of Gold's performance from Labor Day to Thanksgiving, i.e. each year from 2001 through 2010: seven of those ten years posted net increases for that period for an average gain of +7.2%, the losing years in tow being comparatively mild, and the high price generally coming after the low price. Jolly indeed:
"But since then, mmb?"
The truth can hurt, Squire, but we put it out there such that it can be anticipated and negotiated. Here is the like table during this century's second decade (nine full years thus far for those of you who know how to properly count) of Gold's performance from Labor Day to Thanksgiving, i.e. each year from 2011 through 2019, with 2020 now in the balance. And but for two meager up years, the other seven posted net decreases for that period for an average loss of -5.4%, the low price dominantly coming after the high price. Folly indeed:
Do we thus conclude that Gold's once-heralded positive seasonality for this time of year is a thing of the past? Not comprehensively, of course. Still, with specific respect to such seasonality kicking in this time 'round -- and given as written "nobody knows with certainty what is going to happen" -- bear in mind that the trend is one's friend. Or as Will Rogers perfectly put it: "Only buy the stocks that go up; if they don't go up, don't buy 'em."
- Source, Silver Bear Cafe
Tuesday 8 September 2020
Another Big Month For The Silver Price?
After the silver price reached nearly $30 in August, it has been consolidating lower over the past few weeks.
However, silver tried to surpass the $29 level but fell last week along with the broader markets.
So, the trend for silver in September may rely upon the broader markets.
- Source, SRS Rocco Report
Sunday 6 September 2020
Friday 4 September 2020
Dollar Index Rally Is Over Already? Fed Says Inflation Is Too Low So New Inflation Targeting Policy?
But, it appears that Jerome Powell and the others at the Fed do not want a Dollar rally as they may have leaked or actually sent over a PR to CNBC about tomorrow's Fed meeting.
Apparently, the Fed thinks that inflation is too low and will have a new inflation targeting policy announced at Thursday's Fed meeting!
- Source, Wall St for Main St
Tuesday 1 September 2020
Silver: What Next For Bullion and Mining Stocks?
Have we reached a tipping point?
- Source, Mike Maloney
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