Silver Price Daily Forecast – Silver Stays Above $17.00 FX Empire
MishTalk/Michael Shedlock/5-25-2020
“US Congress has authorized several trillion dollars in Covid-fighting stimulus programs. So what’s holding the dollar up? I remain amused by all the calls of hyperinflation and high inflation given the Fed has turned on the printing presses. However, currencies cannot be viewed in isolation. To those expecting a total US dollar collapse, here’s my word of advice. Stop being so US-centric.”
USAGOLD note: When the printing press is running at full speed for all currencies, gold is the clear winner and that is why it is at all-time highs in many of the world’s currencies. The exception is the dollar, but that might be temporary. Mish asks a second question (the first is in the headline): “Got gold?”
Katusa Research/Marin Katusa/5-22-2020
“Change may be afoot. The ‘anything it takes’ economic policy of central banks and governments around the world is shaking things up across the spectrum of investment types. Since March 23, 2020 silver has been one of the top-performing major commodities, outperforming gold by a significant margin.”
USAGOLD note: Silver is playing catch-up with gold. It is up 15.2% over the past 30 days. Gold is up 2.9% over the same period.
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The path to monetary collapse
Goldmoney Insights/Alasdair Macleod/5-21-2020
“Few mainstream commentators understand the seriousness of the economic and monetary situation from a V-shaped rapid return to normality towards a more prolonged recovery phase. The fact that a liquidity crisis developed in US money markets five months before the virus hit America has been forgotten. Only a rising gold price stands testament to a deeper crisis, comprised of contracting bank credit while central banks are trying to rescue the economy, fund government deficits and keep the market bubble inflated. The next problem is a crisis in the banks, wholly unexpected by investors and depositors. At a time when lending risk is soaring off the charts, their financial condition is more fragile than before the Lehman crisis.”
USAGOLD note: It is that unexpected crisis – a black swan event suddenly cropping up somewhere in the financial sector – that has already pushed many money managers into the gold camp. Should it occur, the resulting demand for gold could make the flight to safety since the beginning of the year look tame by comparison.
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‘Gold will be explosive’ – Frank Giustra
KitcoNews/Daniela Cambone/Video interview of Frank Giustra
“‘I think we’re in the third and final phase of the gold market that’s started in 2001, and this will be the most explosive phase for gold,’ Giustra told Kitco News.”
USAGOLD note: This is one of the better interviews we have seen in awhile on the long-term merits of gold ownership. Giustra explains how he has structured his own gold portfolio.
Repost from 9-16-2019
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Graphic courtesy of TradingEconomics.com
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