Gold & Silver Seeker Report: This Week in Mining Issue #18: Will Gold Finally Break Resistance? and Another Bidding War

With National debt now well passed $26T and total debt pushing $80T (public & private) and the massive monetary inflation (not consumer Price inflation) that has taken place over the 3-months, gold should be well past $2k/oz. Unlike 2008, all this inflation won’t simply be more or less idle in bank reserves [notably excess reserves] or show up primarily in asset prices, rather a significant amount was helicopter money, which will work its way into consumer prices rather quickly. For a lack of a better term, “the new normal” is negative real interest rates as far as the eye can see, numerous stimulus packages [possible every year], deficit spending [inclusive off budget-items] of at least $1.5-$2T/yr and an acceleration of debt accumulation.

The unprecedented monetary and fiscal policy response is unlikely to go away and more likely to become more reckless and dangerous, creating the perfect storm for gold, silver, and related mining equities. Hold Strong. Our time has coming.