It wasn’t long ago that all of the pundits were telling us that the economy was strong. As a result, a lot of people seem to think that once the coronavirus situation is resolved, the economy will quickly go back to normal. In his podcast Friday, Peter Schiff said that’s not going to happen. The […]
Category: Gold
The Fed announced unlimited QE and that it was expanding its QE mandate to buy corporate debt (for the first time in history)… by Graham Summers of Gains, Pains, & Capital As I […]
The post The Two Charts To Watch For Legitimate Signs Of A Stock Market Bottom appeared first on Silver Doctors.
Yay! Markets saved with massive amounts of free money for everyone! If it does anything, it will allow the Market Riggers to… by Bix Weir of Road to Roota The Fed […]
The post Bix Weir: The End Game Is Here – Free Money For EVERYONE! appeared first on Silver Doctors.
The government is going to need all the public trust it can get, and bailouts for those who caused their own problems and ours won’t meet the fairness test… by […]
The post Paul Craig Roberts: Debt Forgiveness & Nationalization Are The Answers To This Economic Crisis appeared first on Silver Doctors.
The time to load up on a safe haven asset is before it’s needed, because by the time it is obviously needed, it won’t be available. John Rubino explains… by […]
The post Buy Your Gold & Silver Now Before It’s All Gone – OOPS, Too Late! appeared first on Silver Doctors.
This pandemic is showing the entire world that the U.S. healthcare system is deeply, deeply broken, and there is no way we can continue to… by Michael Snyder of The […]
The post THIS Is Why People All Over The US Are Scared To Death Of Being Tested For Covid-19 Coronavirus appeared first on Silver Doctors.
CNBC/Hannah Miller/3-22-2020
“House Speaker Nancy Pelosi signaled that she’s not on board with the Senate stimulus plan in negotiations to combat economic damage from the coronavirus pandemic. ‘From my standpoint, we’re apart,’ Pelosi told reporters in the Capitol when asked if she expects there to be a deal today.”
USAGOLD note: My fellow Americans, in times like these, we must endeavor at all costs to maintain our collective sense of humor……
Cartoon courtesy of MichaelPRamirez.com
Financial Times/Henry Sanderson/3-20-2020
“Gold’s lacklustre performance this week appeared to diminish the metal’s ‘safe haven’ status, as it declined for the second week in a row amid a global stock market sell-off due to coronavirus. But investors are still flocking to the precious metal in the hope of a rebound and protection against an even worse fall in other assets, from stocks to currencies and bonds.”
USAGOLD note: Sanderson reports of a development we are experiencing first-hand at USAGOLD. The fact of the matter is that the very strong physical demand for gold and silver argues for its ‘safe-haven status.’
Bloomberg/Sonali Basak, Liz McCormick, Donal Griffin and Hema Parmar/3-19-2020
“Investors seeking safety rushed into Treasury futures on March 12, and hedge funds got hammered. A difficulty in completing trades ensued, and was a contributing factor to the Federal Reserve’s decision to pledge $5 trillion to keep markets running smoothly.”
USAGOLD note: That figure – $5 trillion – portends problems much deeper in the financial system than what surfaces as a temporary overnight repo problem. Over the past few days, a considerable amount of conjecture has surfaced that, as reported above, several hedge funds might be in trouble.
Related, please see: Confirmed – Fed balied out hedge funds facing basis trade disaster/ZeroHedge/3-21-2020 (Multiple LTCM’s?)
Sprott/John Hathaway/3-18-2020
“In popular thinking, the current U.S. administration, or the one that follows it, will pull every trick out of the bag to stimulate the economy. This belief will likely excite investors from time to time in anticipation of a rebound. Unfortunately, the financial markets are experiencing a deflationary bust that could spread to general economic activity. Public policy has all but exhausted the potential benefits of resorting to traditional monetary and fiscal solutions.”
USAGOLD note: That about sums up the situation in which we find ourselves. Hathaway goes on to say “[w]e think gold has been sensing the endgame for Keynsian policy prescription…”