Although if you think gold is going to do well, you almost have to love silver. Which Ronni Stoeferle of “The In Gold We Trust Report” joined me on the show to talk about.
Chris Marcus
Mon, 07/06/2020 – 09:40
CNBC/Keris Lahiff/7-2-2020
“’As real yields continue to move lower, it makes gold more attractive,” said [MKM Partners’ JC] O’Hara. “We plotted gold along with real yields and that’s the spread between the U.S. 10-year yield less the 10-year breakeven rate. … Yields have been negative and declining for the majority of 2020, and we see no end to that trend for the foreseeable future.’ That tailwind could lift gold as high as $1,900, says O’Hara, implying nearly 7% upside.”
USAGOLD note: The Fed has said it will keep rates near zero to “at least 2022” [CNBC – 6/10/20]. If that be the case, gold has a long way to go with the wind in its sails.
BloombergOpinion/Niall Ferguson/7-5-2020
“Yet that view attaches too much importance to the change in U.S. foreign policy since 2016, and not enough to the change in Chinese foreign policy that came four years earlier, when Xi Jinping became general secretary of the Chinese Communist Party. Future historians will discern that the decline and fall of Chimerica began in the wake of the global financial crisis, as a new Chinese leader drew the conclusion that there was no longer any need to hide the light of China’s ambition under the bushel that Deng Xiaoping had famously recommended.”
USAGOLD note: Insights from historian Niall Ferguson on what happened to U.S.-China relations and what we might expect in the future. A lengthy, important read on the developing new Cold War with China that Ferguson sees as “inevitable and desirable.”
