David Morgan
Tue, 07/20/2021 – 07:11
Endeavour Silv…
Tue, 07/20/2021 – 07:04
Wall Street Silver
Tue, 07/20/2021 – 02:50
MarketWatch/Brett Arends/7-19-2021
“Readers may be excused for thinking something similar about the latest stories about looming, threatening, surging, terrifying inflation. Yes, the inflation forecasts were surging months ago, and hit 8-year highs. Had they continued there would be grounds to worry. But they haven’t continued. On the contrary, they’ve been falling for two months.”
USAGOLD note: How anyone could assemble an analysis on the performance of various assets during the inflationary 1970s and exclude gold and silver is a bit puzzling. Arends includes energy stocks (+73%), REITs (+36%), T-Bills (-6%), utilities (-9%) the S&P 500 corporate bonds (-23%) and 10-year Treasuries (-38%), but excludes gold (+922%) and silver (+596%). By the way, inflation “forecasts” may have fallen for two months, but inflation itself, as we all know by now, is surging.
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Credit Bubble Bulletin/Doug Noland/7-17-2021
“Once our ‘activist’ central bank ventured into bolstering the securities markets and using unconventional measures to reflate the economy, it was going to be extremely difficult to refrain from venturing into all types of measures to support various groups and causes. Add QE to the toolkit, and it will become virtually impossible not to be compelled to allocate Fed money to satisfy political interests. After buying Trillions of Treasuries, supporting markets in MBS, muni bonds, corporate debt, ETFs and stocks was going to be inescapable.”
USAGOLD note: Noland takes us on a much-needed trek back to the basics in his latest weekly rendering. Washington might question and pressure the Fed at some level, but does it really in its heart of heart want the central bank to put the screws to inflation? Our guess is that it would scream even more loudly if that were the case. For its part, as we have said all along, the Fed finds itself between a rock and hard place on monetary policy, and perhaps both the markets and Capitol Hill sense its predicament.
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Chinese gold imports have nearly returned to pre-pandemic levels and the world’s biggest gold market continues to recover. According to the latest data reported by the World Gold Council, China imported 67.6 tons of gold in May. That was 65 tons higher than May 2020 and only three tons lower than May 2019, before the […]
The post Blog first appeared on SchiffGold.
PBS Frontline recently released a documentary titled “The Power of the Fed.” Peter Schiff watched it and offered his analysis of the show on his podcast. He said the documentary missed the real power of the Fed — the power to destroy. Peter said his expectations for the production were pretty low. As low as […]
The post Blog first appeared on SchiffGold.