“Silver continues to run into a brick wall at 19 while momentum continues to wane…took just one day this week for it to fall from 19 to 18. It also […]
The post Extreme Sentiment In A Quiet Week Risks Trouble appeared first on Silver Doctors.
What happens when everyone else’s interest rates fall to Japan’s level? Lots of bad things, including… by John Rubino of Dollar Collapse For the bond markets, covid-19 is apparently a […]
The post The Global Bond Market Is Turning Japanese, As All Long-Term Rates Plunge Towards Zero appeared first on Silver Doctors.
With the U.S. economy surging, the U.S. dollar sinking, and the return of inflation, commodities and materials will soar. All this can… by David Morgan of The Morgan Report With […]
The post Oil, Copper, Gold on the Move appeared first on Silver Doctors.
The previous empire had a huge debt problem and was running a massive welfare/warfare state with very high taxes, rules and regulations. It did large… by Jason Burack of Wall […]
The post History Repeating Itself? What Did The Last Empire To Have Enormous Debt Problems Do? appeared first on Silver Doctors.
The US is under attack, not only by the Covid virus, but also by ideas that have uprooted a significant percentage of white people from… by Paul Craig Roberts via […]
The post The US Is Collapsing Under Attack appeared first on Silver Doctors.
LBJ swore that there would be no profit in “hoarding” earlier coins “for the value of their silver content.” Wrong, dude: silver coins are now… by James Bovard via Mises […]
The post How Collecting Old Coins Taught Me to Never Trust the Government appeared first on Silver Doctors.
“…were to suddenly head multiples higher, you would probably want to have a bug-out bag by the door and a survival bunker nearby.” Mickey Fulp on Palisade Radio Tom welcomes […]
The post Why Silver Won’t Follow Gold to New Highs appeared first on Silver Doctors.
For those who yearn for a return of the good old days, this one’s for you… (by Half Dollar) Happy Fourth of July! First of all, as many people know, […]
The post 4th Of July Musings From A Deplorable American Reminiscing About The Good Old Days appeared first on Silver Doctors.
No DMR today. Back Tuesday. Happy Fourth of July, everyone.
(USAGOLD – 7/2/2020) – Gold tracked marginally lower in quiet pre-holiday trading. It is down $4 at $1769. Silver is down 9¢ at $17.99. Bank of America recently upped its forecast for gold over the next 18 months to $3000 per ounce. “If you put the three together – extremely lax fiscal policy, extremely lax monetary policy, and a huge increase in bank deposits,” says Francisco Blanch, head of derivatives research at the Bank of America, in a Bloomberg interview yesterday, ” I think there is a pretty good chance here we will see a big rotation into gold driving prices a lot higher. Investors are confused. They do not know what to do with their asset allocations and I think a lot of them will choose to go for the yellow metal as an alternative to cash in their portfolios … and by the way when I say investors, I don’t just mean retail investors, I also think institutional investors are going to make that choice.” Blanch forecasts a return of inflation pointing out that the Fed has “done in 18 days what it took almost nine months to do in 2008 and 2009.”
Chart of the Day
Chart courtesy of Scott R. Baker and the St. Louis Federal Reserve [FRED]
Chart note: The St. Louis Fed’s Uncertainty Index, now at all-time highs, is based on newspaper coverage frequency. “Our US index,” says the authors, spikes near tight presidential elections, Gulf Wars I and II, the 9/11 attacks, the failure of Lehman Brothers, the 2011 debt-ceiling dispute and other major battles over fiscal policy. Using firm-level data, we find that policy uncertainty raises stock price volatility and reduces investment and employment in policy-sensitive sectors like defense, healthcare, and infrastructure construction. At the macro level, policy uncertainty innovations foreshadow declines in investment, output, and employment in the United States …” Superimpose the price of gold and you see that the most vertical aspect of its response post-2008 came well-after the Uncertainty Index peaked. A trend line for gold similar to what we saw in 2009-2010 is developing now. Also, note the St. Louis Fed’s addition of a grey recession bar in 2020.
Back Tuesday. Happy Fourth of July, everyone.