Orphaned Silver Is Finding Its Parent

Introduction

So far this year, the story in precious metals markets has been all about gold. Speculators have this idea that gold is a hedge against inflation. They don’t question it, don’t theorise; they just assume. And when every central bank issuing a respectable currency says they will print like billy-ho, the punters buy gold derivatives.

These normally tameable punters are now breaking the establishment’s control system. On Comex, the bullion establishment does not regard gold and silver as money, just an idea to suck in the punters. The punters are no longer the suckers. With their newly promised infinite monetary expansion, central banks are confirming their inflationary fears.

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Is America Headed For A Post-Apocalyptic Currency Collapse?

By Stefan Gleason – Re-Blogged From Silver Phoenix

Just when it seemed as though America may be turning the corner after months of lockdown… just when it seemed as though we were on a path to reopening and gradually returning to normalcy… just when the prospects of panic-induced social unrest seemed to be behind us…

…America’s cities erupted into flames.

Antifa and BLM-organized rioting, looting, violence, and mayhem have pushed cities across the country into pandemonium. Even if the insurrections are soon quelled – as President Donald Trump promised to do in a speech in front of the White House on Monday – the consequences won’t soon go away.

Central Bank Hypnosis

By Michael Ballanger – Re-Blogged From Gold Eagle

One look at the chart of the U.S. financial markets against the backdrop of economic paralysis and suffering and one is immediately filled with a myriad of emotions. Sympathy for those that have been afflicted by the most recent pandemic; fear for the families whose primary breadwinner is now unemployed; confusion toward the proper course of action going forward; and finally outrage at the abject timidity of our citizens in responding to the orders laid down by these insipid politicians in response to the crisis.

As the welfare of future generations hangs in the balance, its tentativeness the direct result of government ineptitude, I keep asking myself a critical question: “When did the backbone of our people turn to mush?” If someone holding political office had told my grandfather to stop ploughing his fields or tending to his livestock because a sickness was spreading throughout the community, that charlatan would have wound up with buckshot adorning his gluteus maximus. How dare any group of elected bureaucrats ordain the shutdown of an economy?

Silver Miners’ Q1’20 Fundamentals

By Adam Hamilton – Re-Blogged From Silver Phoenix

The silver miners’ stocks have surged higher since mid-March’s COVID-19 stock panic, clocking in some big and fast gains.  Nevertheless, this long-struggling sector remains vexing.  By mid-May as their latest earnings season was wrapping up, the silver stocks were lagging the gold stocks’ powerful upleg.  And the silver miners’ Q1’20 operational and financial results were disappointing compared to the gold miners’.

Silver and its miners’ stocks have had one heck of a roller-coaster ride in recent months.  With primary silver miners a dying breed, and silver stocks languishing deeply out of favor for years, there are only a couple silver-stock ETFs trading in the US.  The leading one remains the SIL Global X Silver Miners ETF.  And it is still tiny, a rounding error with just $527m in net assets in mid-May.  Silver stocks are left for dead.

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You Can’t Just Print More Gold

By Frank Holmes – Re-Blogged From Gold Eagle

“I think there is a strong likelihood we will need another bill.”

That’s according to Treasury Secretary Steven Mnuchin, who supports additional fiscal stimulus to combat the economic impact of the novel coronavirus—within reason.

The secretary’s statement comes after the House passed a record-shattering $3 trillion relief package, though leaders in the Senate have said they will not put it up for a vote. Senate Majority Leader Mitch McConnell has made it clear that the next coronavirus bill “cannot exceed $1 trillion,” according to reporting by Axios.

Even so, the U.S. government’s response is already massive, dwarfing anything that’s come before it.

The Anatomy Of A Gold Stock Bull Market (Part 2)

By Rambus – Re-Blogged From Gold Eagle

Before we look at today’s charts I would like to go over some challenges that we’ll face as the current impulse move in the PM complex continues to move higher. It’s not every day that you will find yourself getting in close to the bottom of a multi month rally. One of the biggest problems I’ve witnessed over the years, especially with PM stock investors, is they grow complacent as the rally phase starts maturing. They believe they are invincible as their profits rise and everything is right with the world. That complacency usually means not getting out close to the end of the impulse move which is extremely hard to do even if you’re looking for a top. They will either sell in panic as the correction takes hold or hang on to their positions during the entire correction which is emotionally hard to do.

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The Global Forest Fire Is Here

It drives you absolutely mad to see a whole world living a lie. How can anyone believe that the fake world the Fed and their fellow central bankers have created has anything to do with reality. We have fake money, fake markets, fake companies, fake banks, fake interest rates, fake income, fake pensions, fake social security, fake wealth, fake bail outs, fake buildings, fake holidays, fake cars etc which create false lives for most of us especially in the West. All these fake material values have also created false moral and ethical values.

IT IS ALL AN ILLUSION 

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