Kitco News
(Kitco News) – The gold market is struggling to attract some buying momentum with prices below $1,900 even as U.S. consumer sentiment falls in December ahead of the Christmas holidays.
The post Gold price struggles even as U.S. Consumer Confidence drops ahead of Christmas holiday appeared first on WorldSilverNews.
SilverSeek.com
Tue, 12/22/2020 – 13:13
Real Investment Advice/Lance Roberts/12-18-2020
“As I started this note, Mrs. Yellen’s appointment is effectively an ‘arranged marriage’ between the Treasury and the Fed. Such is a political move by the Biden Administration to ‘grease the wheels’ so that monetary liquidity readily flows into the markets. Given Ms. Yellen’s politics and policies, such will inevitably lead to a repeat of past failures. We should expect to see current policies accelerated as we continue down the path of ‘Japanification.’”
USAGOLD note: Lance Roberts sees the economic future under the Powell-Yellen as disinflationary, or the same old, same old – quite a different take from the inflationary maelstrom predicted by a good many others. Such a future is likely to include sudden credit breakdowns, heightened systemic risks and more crises like 2008 and what we are experiencing at the present. Gold and silver have been reliable stores of value under such circumstances. Please the sketch and link immediately below.
The post Yellen’s ‘arranged marriage’ to the Fed first appeared on Today’s top gold news and opinion.
Credit Bubble Bulletin/Doug Noland/12-18-2020
“In early rules-based versus discretionary central banking debates, it was long ago recognized that discretion came with the risk of one misstep leading invariably to a series of only greater policy mistakes. This is the story of the contemporary Federal Reserve – from Greenspan to Bernanke to Yellen and now Jerome Powell. Policy doctrine has become progressively in the clutches of a runaway financial Bubble. The Fed was out digging a deeper hole this week – an error compounded by Chairman Powell’s press conference dovish overkill. We’re in the throes of a period of precarious Monetary Disorder. This is apparent in Credit data and the monetary aggregates, throughout the financial markets and, increasingly, in housing markets across the country. “
Sources: St. Louis Federal Reserve [FRED], Board of Governors of the Federal Reserve System
Click to enlarge
The post .275 trillion in nine months first appeared on Today’s top gold news and opinion.
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The post https://www.usagold.com/cpmforum/2020/12/invest-in-gold-and-silver-through-a-company-you-can-trust/ first appeared on Today’s top gold news and opinion.
Financial Times/Mohamed El-Erian
“While investors will continue to surf a highly profitable liquidity wave for now, things are likely to get trickier as we get further into 2021.”
USAGOLD note: We referenced El-Erian’s latest thinking as summarized in a video interview at Bloomberg a couple of days ago. Here is the accompanying editorial published at Financial Times on Tuesday for those who would like to see the original. Earlier this year, El-Erian recommended gold ownership saying: “It’s a bit like what happened to big tech. People like it because it’s defensive. People like it because it’s a reflation trade. People like it because it’s inflation protection. What we are starting to see with the narrative about gold is starting to be like the narrative about big tech. It gives you everything.”
Repost from 12-76-2020
The post The great disconnect between Wall Street and Main Street first appeared on Today’s top gold news and opinion.
MacroHive/John Butler
“[C]onsider the widespread evidence of lingering supply backlogs and bottlenecks, signs energy prices have hit bottom, rapidly rising food prices and huge excess liquidity. If pent-up demand is released in 2021 amid this backdrop, prices may be driven much higher and faster than would be the case under more normal economic recovery circumstances.”
USAGOLD note: As we touched upon in yesterday’s DMR, commodities are on the rise across the board and some think the strength in copper is particularly suggestive of a bull run. Butler might be on to something here. Central bankers might be careful what they wish for: Once the inflation genie is out of the bottle it is difficult to get it back in.
Repost from 12-17-2020
The post 2021 grey swan #5…Prayers are answered. Inflation surges. first appeared on Today’s top gold news and opinion.
