Given the continued spread of the Wuhan coronavirus, we urgently reached out to John Barry… by Chris Martenson with John Barry via Peak Prosperity Given the continued spread of the […]
The post What The 1918 Spanish Flu Can Tell Us About The Coronavirus appeared first on Silver Doctors.
While the Wuhan Coronavirus is a big story, the bigger story is the geo-political dynamic between the US, China and Russia… by Jim Rickards via Daily Reckoning The biggest story […]
The post Jim Rickards: Russia – The Lost Opportunity appeared first on Silver Doctors.
Financial Times/Brandon Greeley and Colby Smith/1-28-2020
“Investors are seeking more clarity from the US Federal Reserve this week on how much it may expand its balance sheet following the central bank’s efforts to restore order to short-term funding markets.”
USAGOLD note: Looks like the Fed chairman could face some tough questions at his news conference on Wednesday.
BusinessTimes/Charleston Lim/1-27-2020
“Gold sellers in Hong Kong and Mainland China are expecting a surge in demand for the precious metal this year. The boost reportedly happens quite regularly during the Year of the Rat as it is often considered by traditional Chinese people as the best time to get married and have babies.”
USAGOLD note: As we posted last week via Bullion Vault, China’s gold consumption was down in 2019 on the basis of weight but near an all-time high the basis of yuan expended. The top year was 2013 and 2019 second.
“A customer of mine who is 55 years old recently asked if it was not too late for him to get into precious metals. The answer is no – it is not too late to invest in gold and make a profit at any age. Quite the contrary, with the market showing the early signs of a correction, it is, in my humble opinion, a perfect time to invest in precious metals.” – Oliver Garret, Forbes
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BloombergOpinion/Jim Bianco
“In essence, the Fed has become the lender of first resort when it should be the lender of last resort and offer repo at a penalty rate. The Fed should be willing to help a dealer in need, but it should come at a price.”
USAGOLD note: Bianco offers a solid critique of the Fed’s new repo and reserves program and ends with a caution. “The repo market’s problem,” he says, “is far from over.” Bianco was early in calling Fed policy a version of quantitative easing.
Repost from 1-23-2020
