Month: April 2022

MarketWatch/Barbara Kollmeyer/4-22-2022

“Investors also pulled $8.7 billion out of bonds and $55.4 billion from cash, pouring $900 million into gold.”

USAGOLD note: Kollmeyer offers evidence of something we mentioned here last week. Weakness in the bond market is actually a positive for gold, not a negative as often portrayed in mainstream financial media. Many see gold as the last haven left standing. Obviously, the move out of cash is in response to the inflationary pressures building in the global economy. We’re guessing that the $900 million Kollmeyer mentions moving into gold is through additions to ETF stockpiles. It does not include metal purchased in the form of coins and bullion from firms like USAGOLD. (Those numbers, by the way, are weekly.)

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MarketsInsider/Theron Mohamed/4-22-2022

“‘Remember when Amazon fell 95%?’ he continued, referring to the e-commerce company’s stock plummeting after the dot-com bubble burst. ‘But the Fed? But the Fed didn’t have inflation like this hanging over its head then either,’ the Scion Asset Management boss added.”

USAGOLD note: Burry infers that the Fed might not be able to come riding to the rescue this time around. We post the chart below for those who weren’t around for the dot.com crash and those who were but may have forgotten how aggressive a stock market decline can become. Between 2000 and late 2002, the NASDAQ dropped 78% from peak to trough.

Sources: St. Louis Federal Reserve [FRED], NASDAQ OMX Group

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