Bill Holter: Get Out Now Before Total System Collapse Occurs

Tom welcomes an absolute icon to the show, Bill Holter. Bill works and writes alongside the legendary Jim Sinclair. Bill discusses the Feds Repo market break down that occurred last year and how the Coronavirus "saved" it. 

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

Ron Paul: The True Reason Behind the Chinese & United States Trade Wars

America has always needed a reason to fund its military-industrial complex, which is why the country has had a history of “aggravating” other nations, said former congressman Ron Paul. 

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

Silver Fortune: A Roller Coaster Week for Precious Metals

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). 

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."

- Source, Silver Bear Cafe

Another Big Month For The Silver Price?

Precious metals investors are wondering if the Silver Rally will continue in September. 

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

Mike Maloney: $700 Plus Silver? Here's How It Could Happen

Dollar Index Rally Is Over Already? Fed Says Inflation Is Too Low So New Inflation Targeting Policy?

The Dollar Index, which has a record net short position, was rallying since August 18th when it got down to 92.27. 

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

Silver: What Next For Bullion and Mining Stocks?

David Morgan shares his feelings as to what the silver price may do next in this information packed interview with Mike Maloney. 

Have we reached a tipping point?

- Source, Mike Maloney

Silver The Better Investment: Massive Bubbles Everywhere

Silver is a better investment due to massive financial bubbles everywhere...

- SRS Rocco Report 

Trend Alert: Strong Physical Investment Demand

What happens to the silver price over the next week is VERY IMPORTANT.

- Source, SRS Rocco Report

Golden Rule Radio: Inflation Pressures Mounting or Can We Just Print Forever?

Inflation pressures mounting or can we just print forever? The future conflict with China. Politics: If the “Blue Zone Wins,” does the “Red Zone Comply,”? 

Neil Howe is the Managing Director of Demography at Hedgeye. President of LifeCourse Associates. Author of The Fourth Turning, Generations, and Millennials Rising.

- Source, Golden Rule Radio

Jim Cramer Warns: The Stock Market Could Crash, This Bubble is Very Dangerous

Josh Sigurdson talks with Tim Picciott, The Liberty Advisor about the warning Jim Cramer of Mad Money just put forward despite years of being largely wrong. 

This time Cramer is saying something logical. Watch out for the stock market! 

During one of his latest shows, Cramer urged investors not to be fooled by all time highs as millions are going homeless, millions are losing their jobs, thousands of small businesses are running out of cash and closing their doors, there's no reason to be bullish going into the end of 2020. 

The only reason the stock market is looking good is because the Federal Reserve is printing trillions and is also buying bonds in huge numbers. 

When push comes to shove and the currency being printed ends up liquid, a rude awakening is coming. 

While one would usually be better off not doing what Jim Cramer says, he's not wrong about the concerning signals the stock market is giving off.

- Source, WAM