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Gold

Peter Schiff: A Very Dangerous Road to Go Down

As if there weren’t enough headwinds for the economy already, the Washington Post reported the Trump administration was exploring the possibility of canceling some US debt obligations to China.  President Trump denied it but floated the idea of tariffs on Chinese imports as punishments for that country’s handling of the coronavirus. Peter Schiff appeared on […]
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Gold

Up Next: Preparing For The Soap Shortages…?!?

If you think the shortages stink now, wait until the soap shortages begin. Better yet, here’s how to adapt and overcome… by J.G. Martinez via The Organic Prepper We all […]

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Gold

Gold and Silver Markets Start to Normalize

“we’ve looked at the elevated bid-ask spread in gold (though not nearly as elevated as some goldbugs would have you believe)”… by Keith Weiner of Monetary-Metals The price of gold […]

The post Gold and Silver Markets Start to Normalize appeared first on Silver Doctors.

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Gold

The Federal Reserve: More Lethal Than Coronavirus

The only way to minimize the coming crisis is to begin immediately unwinding the current system… by Ron Paul of Ron Paul Institute Last week the Federal Reserve announced it […]

The post The Federal Reserve: More Lethal Than Coronavirus appeared first on Silver Doctors.

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Gold

Gold and Silver Miners to be the Next Dot Com Bubble

Here’s what to expect as inflation takes hold… David Hunter interviewed on Palisade Radio Tom welcomes back experienced investment professional David Hunter of Contrarian Macro Advisors to the show. David […]

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Gold

Bankrupt Cities And States Get The National Disaster They’ve Been Hoping For

Mayors and governors – along with public sector union leaders – have been hoping for a massive crisis to save their bacon… by John Rubino of Dollar Collapse The people […]

The post Bankrupt Cities And States Get The National Disaster They’ve Been Hoping For appeared first on Silver Doctors.

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Gold

Notable Quotable

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“I’ve been saying for years that central banks can never step away from this. They can threaten to. And they can bluff, and they can do some probing bets like they did last year, and the market may fall for that, or call that bluff in the short term. But yes I think we’re in a position now where central banks can never back away, which sort of begs the question how can this ever end. Can asset markets get inflated forever?”

Mark Spitznagel
Universa
Bloomberg interview

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Categories
Gold

CME Group secures $7 billion credit facility to protect against a clearing member default

MarketWatch/Tomi Kilgore/4-30-2020

graphic image of red warning flag flapping in the wind“The company said the 364-day amended facility is intended to provide liquidity ‘in the event of a clearing member default,’ a liquidity constraint or depositary default, or in the event of a delay in the payment systems utilized by CME.”

USAGOLD note:  Odd …… Not sure what this is all about, but it is likely to raise an eyebrow or two.

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Gold

Global markets recoil as Trump threatens US-China trade war

The Guardian/Richard Partington/5-1-2020

photo of opposing chess pieces on a map with American and Chinese flags

“Donald Trump’s threats to reignite the US-China trade war over coronavirus has triggered another sell-off in global financial markets, as the economic costs of the pandemic continue to mount. … Faced with a deep recession in an election year, Trump escalated his attack on Beijing by claiming he had seen evidence showing the virus originated in a Chinese laboratory.”

USAGOLD note:  Gold reversed an early downtrend Friday to post a $13.50 gain on this unsettling news. The dollar simultaneously turned south and so did the Dow Jones Industrial Average.

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Gold

Potential Highs And Lows For Gold In 2020 – Yahoo Finance

Potential Highs And Lows For Gold In 2020  Yahoo Finance