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It did not take long before the “self sustaining” SJW nation of CHAZ became a laughing stock among web denizens… by Brandon Smith via Alt-Market Building a society is hard. […]
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We are in a soft civil war right now. It just hasn’t broken out into the streets. This will result in a civil war, and we have to remember that […]
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Andrew Jackson was a HARDCORE racist and a major slave owner, which means he’ll probably be the first one to be replaced, but it might not stop with him… by […]
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ETF Daily News/Taylor Dart/6-11-2020
“As we can see in the chart of seasonality for silver, we’re heading into one of the most attractive times to be buying silver, with the metal typically bottoming in mid-June to early July going back over fifty years. If we look at the above charts, we can see that silver usually gains over 6% between now and the end of Q3, a respectable performance for just over a 3-month hold period. Despite this attractive timing window to be buying pullbacks in silver, we didn’t see any sign of this last week from small speculators, with bullish positioning remaining at relatively subdued levels.”
USAGOLD note: With everything else that is going on in the economy and financial markets, It is easy to overlook the fact that we are heading into the summer doldrums for the precious metals – a time historically when demand sags, prices typically stay in a range, and dip-buyers take whatever opportunities might present themselves. Then again, as unpredictable as markets have become, anything could happen – including a summer rally in precious metals prices.
Chart courtesy of GoldChartsRUs.com
BloombergOpinion/Stephen Roach//6-14-2020
“Scorn has long been heaped on those daring to question the supremacy of the U.S. dollar as the world’s dominant reserve currency. I certainly received more than my fair share in reaction to a column I recently wrote for Bloomberg Opinion on the likelihood of a sharp decline in the greenback. The counter-arguments were strong and highly political, basically boiling down to the so-called TINA defense – that when it comes to the dollar, “there is no alternative.”
USAGOLD note 1: Roach believes the dollar will decline 35% against other currencies. Our second note is a repost of our comments upon posting the article Roach mentions above.
USAGOLD note 2: If Roach is right, and he often is on the big questions, the logical strategy is to own an asset detached from the currency system under which that ‘exorbitant privilege’ has been exercised. In the same year d’Estaing first complained about the dollar’s special status (1965), French President Charles de Gaulle delivered a speech on gold in which he said “we cannot see that, in this respect, there can be any other criterion, any other standard, than gold. Oh, yes! Gold, which never changes its nature, which can be shaped into bars, ingots or coins, which has no nationality and which is eternally and universally-accepted as the unalterable fiduciary value par excellence.” DeGaulle was talking about the gold standard but his description of gold also explains why it makes a great deal of sense in the private investment portfolio.
