Silver

Real Royalty And Pretend Royalty

usissuescom Monetary Policy, Stocks & Commodities , , , , , , ,
By GE Christenson – Re-Blogged From Gold Eagle

GLOBAL ROYAL FAMILIES:

  • Royal families have ruled Great Britain for centuries. They control massive wealth and exercise considerable influence in global affairs.
  • The Dutch royal family is less visible.
  • King Donald and Queen Melania are influential, but not royals.
  • Prince William of Gates, Prince Jeffery of Amazonia, and Prince Elon of Teslovakia are new members of pretend royal families – “Tech Royalty.”
  • Queen Hillary and King William of Clintonia are pretend royalty, but we aren’t going there…
  • Other pretend royalty are Prince Barack and Princess Michelle from Obamanoya, and several Prince Georges from the Duchy of Bushington. Their days as pretend royalty are fading.

Continue reading →

Dark Years And Fourth Turning

usissuescom Monetary Policy, GDP & Employment, Stocks & Commodities , , , , , , ,
By Egon von Greyerz – Re-Blogged From Gold Eagle

In an ephemeral world, few things survive. I am not talking about species or human beings whose existence on earth is also transitory. Instead I am referring to social and financial systems which are now coming to an end.

In July 2009 I wrote an article called The Dark Years Are Here. It was reprinted again in September 2018.

Here is an extract from my original article:

“The Dark Years will be extremely severe for most countries both financially and socially. In many countries in the Western world there will be a severe depression and it will be the end of the welfare state. Most private and state pension schemes are also likely to collapse. It will be a worldwide depression but some countries may only have a deep recession. There will be famine, homelessness and misery resulting in social as well as political unrest. Different type of government leaders and regimes are likely to result from this.
How long will the Dark Years last? There is a book called ”The Fourth Turning” written by Neil Howe.

Continue reading →

Silver Bulls Will Be Rewarded Handsomely

usissuescom Stocks & Commodities , , ,
By Peter Krauth – Re-Blogged From Silver Phoenix

Continue reading →

What’s The Price Of Gold? It Depends.

usissuescom Stocks & Commodities , , , , , , , ,
By Keith Weiner – Re-Blogged From Gold Eagle

When someone asks what the price of gold is, the answer depends on which gold market he means.

In most cases, the different gold markets are close enough that the minor differences are insignificant. TV news anchors just want to know if the price is in a major trend, up or down (up). Old Uncle Ernie could be reminiscing about the bull market of the 1970s and comparing the price back then to the price today (spoiler: it’s higher today).

The Three Gold Markets

But if you’re studying gold, you may be curious about the differences between the three markets:

Continue reading →

Slow Recovery From Virus Unlikely To impede Strong Demand For Metals

usissuescom Foreign Policy, GDP & Employment, Stocks & Commodities , , , , , , , , ,
By Rick Mills – Re-Blogged From Gold Eagle

Daily coronavirus cases may be down in the United States, but that is no reason to be complacent, especially given that cold and flu season is only a few weeks away, says the nation’s top doctor.

In a roundtable discussion Thursday at Harvard Medical School, Dr. Anthony Fauci warned that “we need to hunker down and get through this fall and winter, because it’s not going to be easy.” He compared the pandemic to the early days of HIV in terms of how quickly it escalated, and how it might continue to escalate, if current trends of low mask-wearing and social distancing continue. “We’ve been through this before,” he said. “Don’t ever, ever underestimate the potential of the pandemic. And don’t try and look at the rosy side of things.”

Continue reading →

Inflation, Deflation And Other Fallacies

usissuescom Monetary Policy, GDP & Employment, Stocks & Commodities , , , , , , , , ,
By Alasdair Macleod – Re-Blogged From Gold Eagle

There can be little doubt that macroeconomic policies are failing around the world. The fallacies being exposed are so entrenched that there are bound to be twists and turns yet to come.

This article explains the fallacies behind inflation, deflation, economic performance and interest rates. They arise from the modern states’ overriding determination to access the wealth of its electorate instead of being driven by a genuine and considered concern for its welfare. Monetary inflation, which has become runaway, transfers wealth to the state from producers and consumers, and is about to accelerate. Everything about macroeconomics is now with that single economically destructive objective in mind.

Continue reading →

China Unloads Dollars As Gold Price Tests Support

usissuescom Monetary Policy, Stocks & Commodities , , , , , , ,
By Stefan Gleason – Re-Blogged From Gold Eagle

Since posting new record highs in early August, the gold market has consolidated above $1,900/oz support.

A close below the $1,900 level would carry bearish implications for the near term.

Alternatively, a move back above $2,000/oz would likely be followed through to the upside with a rally to fresh highs. Silver, in turn, could be expected to run to new multi-year highs above $30/oz.

Continue reading →

Inflation — Running Out Of Road

usissuescom GDP & Employment, Monetary Policy , , , , , , , ,
By Alasdair Macleod – Re-Blogged From Gold Eagle

If you think that price inflation runs at about 1.6% you have fallen for the BLS’s CPI myth. Two independent analysts using different methods — the Chapwood Index and Shadowstats.com — prove that prices are rising at a far faster rate, more like 10% annually and have been doing so since 2010.

This article discusses the consequences of price inflation suppression, particularly in the light of Jerome Powell’s Jackson Hole speech when he downgraded the importance of price inflation in the Fed’s policy objectives in favour of targeting employment.

It concludes that the reconciliation between the BLS CPI figure and the true rate of price inflation is inevitable and will be catastrophic for the Fed’s policy of suppressing interest rates, its maximisation of the “wealth effect” of inflated financial asset prices, and for the dollar itself.

Continue reading →

Inflation Is Coming

usissuescom Monetary Policy, Stocks & Commodities , , , , ,
By Egon von Greyerz – Re-Blogged From Gold Eagle

The buzz word of Central Bank Chiefs at Jackson Hole was INFLATION: “The Fed to tolerate higher inflation” says Powell, “ECB to inject more monetary stimulus to ensure inflation” says ECB Chief Economist, “Bank of England has ample fire power to support UK economy…… and not tighten monetary policy until inflation returns“ says Governor of BoE.

So here we have the Chiefs of three of the mightiest central banks in the world speaking with one voice and telling the world that the solution to the world’s financial woes is inflation. Kuroda, the Governor of the Bank of Japan would have said the same since they have been trying to get inflation above one percent for almost 30 years.

Continue reading →

Pension Funds Start Looking to Gold to Avert Disaster

usissuescom Stocks & Commodities , , , , ,

By Stefan Gleason – Re-Blogged From Headline Wealth

Public and private pension plans face a dual crisis.

The first and most obvious threat to pensioners is that defined-benefit vehicles are severely underfunded. By one estimate, pension systems taken as a whole are $638 billion in the red.

Some are in better shape financially than others. But all pension plans will have to reckon with a second huge challenge going forward.

Namely, they are already entirely unable to meet their stated return objectives by owning conventional “safe” interest-bearing instruments such as Treasury bonds.

Continue reading →

Silver Miners’ Q2’20 Fundamentals

usissuescom Stocks & Commodities , , , , , , ,
By Adam Hamilton – Re-Blogged From Silver Phoenix

The silver miners’ stocks have had a roller-coaster ride of a year, getting sucked into March’s stock panic before skyrocketing out in a massive upleg. While much-higher prevailing silver prices radically improve silver-stock fundamentals, Q2’s national economic lockdowns to fight COVID-19 wreaked havoc on this sector. The silver miners’ latest quarterly results recently released revealed unprecedented challenges.

The silver-stock realm is tiny, as there aren’t many major silver miners in the world. Only a handful are primary silver producers, companies deriving over half their revenues from silver. So in mid-August as silver miners finished reporting their latest Q2’20 operational and financial results, this sector’s leading benchmark and trading vehicle only held $1.1b in net assets. It is the SIL Global X Silver Miners ETF.

Continue reading →

Fed Chairman Powell Is Vowing to Wreck the Currency

usissuescom Monetary Policy, Stocks & Commodities , , , , , ,
By Mike Gleason – Re-Blogged From Gold Eagle

As the Federal Reserve embarks on a new campaign to raise inflation rates, markets may be in for a change in character.

On Wednesday, Fed Chairman Jerome Powell announced that the central bank would be targeting an inflation “average” of 2%. By the Fed’s measures, inflation has been running below 2% in recent years. So, getting to a 2% average in the years ahead will require above 2% inflation for a significant period.

Here’s Powell attempting to explain himself from central bankers’ virtual Jackson Hole conference:

Continue reading →

Space Oddity And Helicopter Money

usissuescom Foreign Policy, Monetary Policy, Stocks & Commodities , , , , , , ,
By Egon von Greyerz – Re-Blogged From Gold Eagle

Continue reading →

Could Buffett Buy 130 Million Ounces Of Silver Again?

usissuescom Stocks & Commodities , , ,
By Mike Gleason – Re-Blogged From Silver Phoenix

Earlier this week, precious metals markets got a surprising Buffett bounce.

Legendary investor Warren Buffett isn’t often associated with gold – at least not in a positive way. In the past Buffett has made derisive comments about the monetary metal. He once quipped that gold “has no utility.”

A perpetual optimist on the U.S. economy, Buffett by nature doesn’t like the message that is sent by higher gold prices. He has likened investing in gold to “going long on fear.”

Warren Buffett and silver

Continue reading →

Gold From Bold To Sold To Finding A Foothold

usissuescom Stocks & Commodities , ,
By Mark Mead Baillie – Re-Blogged From Gold Eagle
How are those lazy ole Dog Days of August workin’ out for ya? Ahhh, August. Vacations in full swing, beer and high cholesterol goodies coursing through the body, substitute media anchors, subtle market movements… Uhhh, No. These days, sequestered in our seats, ’tis all business across the board. With no where to go and goof off, life today is focused on money, markets and mayhem. Just ask the precious metals.

Continue reading →

Gold Mid-Tiers’ Q2’20 Fundamentals

usissuescom Stocks & Commodities , , , , , ,
By Adam Hamilton – Re-Blogged From Gold Eagle

The mid-tier gold miners in this sector’s sweet spot for upside potential have had a spectacular run since March’s stock panic!  That catapulted them to extremely-overbought levels, necessitating a correction to rebalance sentiment.  The mid-tiers’ just-reported Q2’20 operational and financial results reveal whether those big gains were fundamentally-righteous, and whether more major upside is likely in coming months.

Mid-tier gold miners produce between 300k to 1m ounces of gold annually, more than smaller juniors but less than larger majors.  Mid-tiers are far less risky than juniors, and amplify gold’s uplegs much more than majors.  Their unique mix of sizable diversified gold production, material output-growth potential, and smaller market capitalizations is ideal for outsized gains.  They are the best gold stocks for traders to own.

Continue reading →

Silver Purchasing Power Or Perverse Incentives?

usissuescom Monetary Policy, Stocks & Commodities , , , ,
By Keith Weiner – Re-Blogged From Silver Phoenix

On Monday, the price of silver continued its epic skyrocket. We say this without hyperbole, this kind of price action does not happen every day. Or every year. It occurs perhaps once a decade. And the same can be said for Monetary Metals writing so many articles about silver in the span of a week!

So we wrote yet another article, showing that the fundamentals are keeping up, even though the price was rising (the hallmark of the last decade has been that rising abundance occurs with rising price—price brings more metal out of private hoards).

But before it could go live (it was written Monday night), the price was already moving down. And, holy cow, did it move down!

From $29, it dropped to under $25. About -14%.

Continue reading →

Gold At $2000+. So Why The Fuss?

usissuescom Stocks & Commodities , , , , ,
By Alasdair Macleod – Re-Blogged From Goldmoney

There appears to be no way out for the bullion banks deteriorating $53bn short gold futures positions ($38bn net) on Comex. An earlier attempt between January and March to regain control over paper gold markets has backfired on the bullion banks.

Unallocated gold account holders with LBMA member banks will shortly discover that that market is trading on vapour. According to the Bank for International Settlements, at the end of last year LBMA gold positions, the vast majority being unallocated, totalled $512bn — the London Mythical Bullion Market is a more appropriate description for the surprise to come.

Continue reading →

The Coming Tiny Silver Market Explosion

usissuescom Stocks & Commodities, Uncategorized , , ,
By SRSrocco – Re-Blogged From Silver Phoenix

Even though the silver price has surged over the past two months, we haven’t seen anything yet.  Step aside, Tesla.  Watch what happens when investors begin to understand the true meaning of “STORE OF VALUE.”  I can assure you; Tesla is not a store of value but rather a perfect example of the 2000 TECH-BUBBLE 2.0.

Unfortunately, the glitz, glamor, and allure of Technology will only last as long as the world is capable of supplying lots of cheap and available oil.  Technology doesn’t really solve problems; it just consumes one hell of a lot more energy with the illusion of a FIX.  Tesla isn’t solving our problem with fossil fuel addiction.  Without the burning of one hell of a lot of oil, natural gas, and coal, Elon Musk wouldn’t be able to roll just one of his Model 3 Electric vehicles off the assembly line.  This is the BAD JOKE that most “Renewable Energy Aficionados” would like you to ignore.

Continue reading →

Inflating A Silver Bubble

usissuescom Stocks & Commodities , , , ,
By Keith Weiner – Re-Blogged From Silver Phoenix

We’ve been publishing updates recently after days when the silver price has spiked up. Now, after Tuesday’s trading action, silver trades over $26. Its price moved up over two bucks (about 8%).

[This morning – Aug 7 – Silver is trading around $28 per ounce. –Bob]

The long pattern since the peak price hit back in 2011 has been that a rise in price  accompanies rising abundance. That is, more metal comes to market at higher prices. Supply and demand, and all that stuff they taught back in Econ 101.

Continue reading →

Rising Gold = Higher Future Bond Yields

usissuescom Monetary Policy, Stocks & Commodities , , , , ,
By Mark J Lundeen – Re-Blogged From Gold Eagle

The Dow Jones continues in an annoyingly tedious manner, where it refuses to go up or down as it hugs on to its BEV -10% line for dear life in the BEV chart below.  It’s been this way for over a month.  So we continue watching the Dow Jones’ BEV -5% and -15% lines, to see which the Dow Jones crosses through first.

Continue reading →

Mexico And Peru Silver Production Big Declines Again In May

usissuescom Stocks & Commodities , , ,
By SRSrocco – Re-Blogged From Silver Phoenix

According to the data released by Mexico and Peru’s governmental mining data, domestic silver production continued to be depressed in May.  Interestingly, the production data just released from Mexico’s INEGI shows that the country’s silver production in May was even less than what they reported for April.

I first wrote about this in my article, World’s Two Largest Silver Producers Mine Supply Cut Drastically In April.  The combined silver production loss from Mexico and Peru in April was 432 metric tons or 53% versus the same month last year.  Peru accounted for the largest of the decline in April at 237 metric tons (mt) compared to 195 mt for Mexico.

However, Mexico’s silver production in May dropped to 298 mt compared to 301 mt in April.  Here is the combined silver production by Mexico and Peru from April 2019 to May 2020:

Continue reading →

The Gold And Silver Markets Have Changed

usissuescom Stocks & Commodities , , , , , ,
By David Smith – Re-Blogged From Gold Eagle

We tend to spend a lot of time looking into the rearview mirror, especially when under duress.

Connected to this is something psychologists call “recency bias.” This simply means that what has happened in the near to intermediate past tends to inform and influence us as to how we should behave in the future.

The 2011 to early 2019 precious metals bear saga was broken only by a six-month bull hiatus in early 2016 – which then gave most of the rise back over the next two years!

Now, in spite of some very powerful evidence to the contrary, the general investing public still questions both the validity and upside potential of physical precious metals and the share prices of producing miners.

Continue reading →

The Express Train To Insolvency

usissuescom GDP & Employment, Monetary Policy, Stocks & Commodities , , , , , , ,
By GE Christenson – Re-Blogged From Gold Eagle

·     Gold reached $1,800, close to its all-time high of $1,923.

·     Silver reached $19, a long way from its high of $50.

·     The NASDAQ hit another new high.

·     Tesla closed on July 10 at $1,544, a new high. Tesla looked outrageously high at $1,200.

Now  the bubble has blown even larger.

Continue reading →

Gold And Silver Very Overbought

usissuescom Statistics, Stocks & Commodities , , , , , ,
By Adam Hamilton – Re-Blogged From Gold Eagle

Both gold and silver surged dramatically higher this past week, propelled by torrents of investment capital deluging in.  The resulting major new highs are really exciting, unleashing widespread fear-of-missing-out buying.  But the precious metals’ blistering jumps have left them very overbought.  They have come so far so fast they are at and above technical extremes that have proven unsustainable.  So caution is in order here.

Gold and silver are powering higher on balance in secular bull markets that have been running for years.  And their fundamental underpinnings are stronger than ever.  The Fed’s astoundingly-epic money printing since mid-March’s stock panic has catapulted stock markets to dangerous bubble valuations.  And the vast majority of investors have yet to diversify their stock-heavy portfolios with counter-moving precious metals.

Continue reading →

Silver Demand Exploding!

usissuescom Statistics, Stocks & Commodities , , , ,
By Adam Hamilton – Re-Blogged From Silver Phoenix

Silver investment demand is exploding in recent months, skyrocketing higher in wildly-unprecedented fashion!  That has catapulted silver sharply higher since mid-March’s COVID-19-lockdown stock panic.  Accelerating even in this usually-weak summer season, the massive capital inflows deluging into silver show no signs of abating.  This is very bullish for silver, yet most traders remain unaware it is happening.

While silver prices are fairly-widely followed, the data revealing the underlying fundamentals driving this metal is sparse.  The best silver global supply-and-demand data is only published once a year by the venerable Silver Institute in its outstanding World Silver Surveys.  The latest covering 2019 was released in April, and is essential reading for all traders interested in silver.  One key trend is very relevant to today.

Last year global silver demand edged up an ever-so-slight 0.4% to 991.8m ounces worldwide.  Every demand category fell except for two, net physical investment and net investment in exchange-traded funds.  The former rose a respectable 12.3% to 186.1m ounces.  It makes sense investors’ interest in silver should grow with its price climbing 15.3% in 2019.  That translated into far faster growth in silver ETFs.

Continue reading →

How Deep Is Your Depression?

usissuescom GDP & Employment, Monetary Policy, Stocks & Commodities , , , , , , , ,
By David Haggith – Re-Blogged From Gold Eagle

We are nearing that mid-point in July when I said we would start to see the news turn from euphoria-inducing reopening positives to depression-developing realism.

Speaking of stock-market bulls who are stampeding uphill on the euphoria side, I wrote,

Right now the farce is with them — reopening has arrived! And these stupid people will believe that means they were right about the “V,” virtually assuring they continue to bet the market up for a little while…. The reopening means economic statistics will improve rapidly. That will give a lot of stupid people many reasons to believe they were right to think the obliterated economy would experience a V-shaped recovery.

Continue reading →

The New Deal Is A Bad Old Deal

usissuescom Monetary Policy , , , , , , , ,
By Alasdair Macleod – Re-Blogged From Gold Eagle

So far, the current economic situation, together with the response by major governments, compares with the run-in to the depression of the 1930s. Yet to come in the repetitious credit cycle is the collapse in financial asset values and a banking crisis.

When the scale of the banking crisis is known the scale of monetary inflation involved will become more obvious. But in the politics of it, Trump is being set up as the equivalent of Herbert Hoover, and presumably Joe Biden, if he is well advised, will soon campaign as a latter-day Roosevelt. In Britain, Boris Johnson has already called for a modern “new deal”, and in his “Hundred Days” his Chancellor is delivering it.

Continue reading →

Gold Summer Doldrums 3

usissuescom Statistics, Stocks & Commodities , , , , ,
By Adam Hamilton – Re-Blogged From Gold Eagle

Gold, silver, and their miners’ stocks suffer their weakest seasonals of the year in early summers.  With traders’ attention normally diverted to vacations and summer fun, interest in and demand for precious metals usually wane.  Without outsized investment demand, gold tends to drift sideways dragging silver and miners’ stocks with it.  Feared as the summer doldrums, sometimes unusual catalysts short-circuit them.

This doldrums term is very apt for gold’s summer predicament.  It describes a zone in the world’s oceans surrounding the equator.  There hot air is constantly rising, creating long-lived low-pressure areas.  They are often calm, with little or no prevailing winds.  History is full of accounts of sailing ships getting trapped in this zone for days or weeks, unable to make headway.  The doldrums were murder on ships’ morale.

Continue reading →

A Collapsing Dollar And China’s Monetary Strategy

usissuescom Foreign Policy, Monetary Policy , , , , , ,
Alasdair Macleod – Re-Blogged From Gold Eagle

This article describes how China can escape the fate of a dollar collapse by tying the yuan to gold. There is little doubt she has access to sufficient gold. Currently, her interest is to preserve the dollar, not destroy it, because it is the principal means of Chinese foreign interests being secured .

Furthermore, a return to sound money requires China to reverse its interventionism under Xi, returning to Deng Xiaoping’s original vision. Sound money can only last if the relationship between the state and the wider economy is properly addressed.

Of all the major economies, China’s is best placed to implement a sound money solution. At the moment it seems unlikely the necessary reforms will be forthcoming; but a general collapse of the global fiat currency regime presents the opportunity for reassessment and change.

Continue reading →

Gold, Copper And Silver Are Must-Own Metals

usissuescom Foreign Policy, Monetary Policy, Stocks & Commodities , , , , , , , , ,
By Richard (Rick) Mills – Re-Blogged From Gold Eagle

Gold surged on Monday after a spike in coronavirus cases worldwide dashed hopes of a quick economic recovery. Within 24-hours the number of infections globally rose 183,020, a new record, the World Health Organization reported, Reuters said the US saw a 25% increase in new COVID-19 cases over the week ending June 21st.

Continue reading →

The Crisis Goes Up A Gear

usissuescom Foreign Policy, Monetary Policy , , , , , , , ,
By Alasdair Macleod – Re-Blogged From Gold Eagle

Dollar-denominated financial markets appeared to suffer a dramatic change on or about the 23 March. This article examines the possibility that it marks the beginning of the end for the Fed’s dollar.

At this stage of an evolving economic and financial crisis, such thoughts are necessarily speculative. But an imminent banking crisis is now a near certainty, with most global systemically important banks in a weaker position than at the time of the Lehman crisis. US markets appear oblivious to this risk, though the ratings of G-SIBs in other jurisdictions do reflect specific banking risks rather than a systemic one at this stage.

A banking collapse will be a game-changer for financial markets, and we should then worry that the Fed has bound the dollar’s future to their fortunes.

The dollar could fail completely by the end of this year. Against that possibility a reset might be implemented, perhaps by reintroducing the greenback, which is not the same as the Fed’s dollar. Any reset is likely to fail unless the US Government desists from inflationary financing, which requires a radically changed mindset, even harder to imagine in a presidential election year.

Continue reading →

The Law-Of-Diminishing Returns Is Taking Hold Of The FOMC’s “Monetary Policy”

usissuescom Monetary Policy, Stocks & Commodities , , , , , ,
By Mark J Lundeen – Re-Blogged From Gold Eagle

I had excellent timing for my vacation, with not much happening until this week; and what happened this week? On Monday’s close the Dow Jones came within 7% of its last all-time high (BEV Zero). What could go wrong and prevent the Dow Jones from making a historic new all-time high sometime in the coming weeks? Only Mr Bear, who in the next three days began clawing back market valuation with relish.

On Thursday the venerable Dow Jones began upchucking dollars, coughing up 1,862 of them in a single NYSE trading session, taking the Dow Jones all the way back down to its BEV -15% line in the chart below. Last Monday, it appeared the BEV -17.5% line was no longer a technically important level. The question in my mind now is will the Dow Jones once again advance into single digits in the BEV chart below, or find itself closing below its BEV -17.5% line?

Continue reading →

Orphaned Silver Is Finding Its Parent

usissuescom Monetary Policy, Stocks & Commodities , , , , , ,
By Alasdair Macleod – Re-Blogged From Silver Phoenix

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.

Continue reading →

Is America Headed For A Post-Apocalyptic Currency Collapse?

usissuescom GDP & Employment, Monetary Policy, Stocks & Commodities , , , , , , , , ,
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.

Continue reading →

Silver Miners’ Q1’20 Fundamentals

usissuescom Foreign Policy, Stocks & Commodities , , , , , , , ,
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.

Continue reading →

You Can’t Just Print More Gold

usissuescom Foreign Policy, Monetary Policy , , , , , , , ,
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.

Continue reading →

The Global Forest Fire Is Here

usissuescom GDP & Employment, Monetary Policy , , , , , , ,
By Egon von Greyerz – Re-Blogged From Silver Phoenix

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 

Continue reading →

Gold Mid-Tiers’ Q1’20 Fundamentals

usissuescom Stocks & Commodities , , , , , , , , , , ,
By Adam Hamilton – Re-Blogged From Gold Eagle

The mid-tier gold miners in the sweet spot for stock-price upside potential have enjoyed a massive run since mid-March’s stock-panic lows.  They’ve already more than doubled in the couple months since!  Their just-released Q1’20 operational and financial results reveal whether these huge gains are righteous fundamentally, whether this uptrend is likely to persist, and how COVID-19 shutdowns are affecting gold miners.

Interestingly the leading mid-tier gold-stock ETF is the famous GDXJ VanEck Vectors Junior Gold Miners ETF.  Despite its misleading name, GDXJ is overwhelmingly dominated by mid-tier gold miners.  They produce 300k to 1m ounces of gold annually, between the smaller juniors and larger majors.  The mid-tiers offer an excellent mix of sizable diversified production, output-growth potential, and smaller market caps.

Continue reading →

Rates Eye Negative Territory As Capital Prepares For Slow Death

usissuescom Monetary Policy, Stocks & Commodities , , , , ,
By Mike Gleason – Re-Blogged From Silver Phoenix

Precious metals markets appear to be gearing up for another leg higher. On Thursday, the metals complex rose sharply across the board. Gold gained about 2.5% while silver packed on nearly 4%.

Both of the monetary metals showed signs of breaking out of the sideways trading ranges they’ve been stuck in over the past four weeks. Silver price closed solidly above its 50-day moving average for the first time since late February.

Bulls will be looking for confirmation with strong weekly closes today and then follow-through early next week.

Continue reading →

Barron’s Confidence Index Is Collapsing

usissuescom Monetary Policy, Stocks & Commodities , , , , , , ,
By Mark J Lundeen – Re-Blogged From Gold Eagle

The week closed with the Dow Jones’ BEV -17.5% line of resistance holding, though on Wednesday the Dow Jones did close above this critical level, for a few hours anyway.  Friday’s close found the Dow Jones at its lows for the week.  But for the bulls out there, hope springs eternal as there is always next week.

What if the Dow Jones clears this line of resistance?  I’ll just have to find another important BEV level in the chart below to see if it’s willing to perform as a proper line of resistance, better than the BEV -17.5% level has.  What BEV level had for years provided a line of support during the bull market’s advance that can now perform as a line of resistance?

Continue reading →

Silver’s Epic Mean Reversion

usissuescom Monetary Policy, Stocks & Commodities , , , , , , ,
By Adam Hamilton – Re-Blogged From Silver Phoenix

Silver is powering higher in a new bull market after getting clobbered in March’s stock panic.  Investors have been flocking back to silver in the aftermath of that ultra-rare extreme-fear event.  That brutal selloff also utterly wiped out speculators’ upside bets in silver futures, giving them massive room to buy back in.  After being pummeled to record-low levels relative to gold, an epic silver mean reversion higher is underway.

A couple weeks ago, I wrote a popular essay “Big Silver Bull Running!”.  It explained what happened to silver in this recent COVID-19 stock panic, and why silver soared in its wake.  Sucked into that blinding fear maelstrom, silver was thrashed to a miserable 10.9-year low.  This metal plummeted in a near-crash, fueled by speculators’ fastest long purge ever witnessed!  That exhausted their selling, totally resetting longs.

That meant these super-leveraged traders’ capital firepower was fully available to buy back into silver.  And much more bullish than that, strong and relentless silver investment demand emerged since that mid-March collapse.  That’s evident in the soaring silver-bullion holdings of silver’s leading exchange-traded fund, the SLV iShares Silver Trust!  This dominant silver ETF is the best daily proxy for global investment demand.

Continue reading →

Golden Vaccines And Dow To Gold Ratio

usissuescom Monetary Policy , , , , , ,
By GE Christenson – Re-Blogged From Gold Eagle

Things appeared normal, and then everything changed…

U.S. COVID-19 official cases on March 7: 338.

U.S. COVID-19 official cases on April 28: over 1,000,000, if you believe the Johns Hopkins numbers. Exponential growth in sickness, debt, and expenditures are “killers.”

The economic, emotional, and physical scars from the virus will torture us for a long time. Disneyland and Disneyworld are closed indefinitely.

Continue reading →

Central Banks And The Ponzi Scheme That Will Bankrupt The World

usissuescom Foreign Policy, Monetary Policy , , , , , , , ,
By Egon von Greyerz – Re-Blogged From Gold Eagle

The destiny of the world is now in the hands of 6 central banks, Fed, ECB, BoE (England), PBOC (China), BoJ (Japan), SNB (Swiss). This in itself bodes extremely badly for the global financial system. This is like putting the villains in charge of the judicial system. For decades these central banks have totally abused their power and taken control of the world monetary system for the benefit of their banker friends and in some cases their private shareholders.

The central banks have totally corrupted and destroyed the financial system, by printing money and extending credit that doesn’t exist. Everyone knows that creating money out of thin air makes the money totally worthless. These bankers know, that if you stand next to the printing press and get the money first, it does have some value before it circulates. And this is exactly what they have done. Once the money reaches the people, it devalues rapidly. As Mayer Amschel Rothschild said over 200 years ago: “Permit me to issue and control the money of a nation, and I care not who makes its laws.”

Continue reading →

Gold, Crouching Silver And Hidden Oil Market

usissuescom Stocks & Commodities , , , , , ,
By Keith Weiner – Re-Blogged From Gold Eagle

The price of gold has been up steadily for the last 30 days (with a few zigs and zags), now re-attaining the high it achieved prior to the big drop in March. Gold ended the week at $1,662. Alas, it’s not quite the same story in silver, whose price drop was bigger. Now its price blip is smaller. Silver ended the week at $15.19.

One does not need to look to the gold-silver ratio, which is currently off the charts, to see that the world has gone mad. Silver, it has long been understood, has both industrial as well as monetary demand. With the plunge in economic activity of all kinds due to the response to the coronavirus, the industrial component of silver demand is drastically reduced.

Continue reading →

The Extreme High In The Gold/Silver Ratio

usissuescom Stocks & Commodities , , , ,
By Jeff Clark – Re-Blogged From Gold Eagle

There are a few times in an investor’s life where, as Jim Rogers once put it, you see a pile of money sitting in a corner and you can go pick it up. In other words, an investment opportunity that’s not just obvious, but has a high reward-to-risk ratio.

It may not have been expected by many investors, but the gold/silver ratio (gold price divided by the silver price) has stretched to never-before-seen levels. It’s soared to not just a generational high, but a historic high. As in 5,000 years of history.

Does this extreme reading suggest there is a pile of money sitting in a corner that we can go pick up? At a minimum it suggests a highly compelling investment opportunity.

Let’s take a look at the ratio and see what message it might be sending…

Continue reading →

A Massive GOLD Bull Market Is Building

usissuescom Foreign Policy, Stocks & Commodities , , , , , , ,
By Richard (Rick) Mills – Re-Blogged From Gold Eagle

Imagine, if you will, there was no coronavirus. No haz-mat suits, medical masks & gloves, no make-shift morgues. No terminally ill patients hooked up to ventilators, no horrible deaths without love ones close, no lockdowns, no social distancing, no deserted streets, no bailouts, no emergency wage supplements, just a regular spring with birds chirping and flowers blooming.

Of course there is no getting away from the covid-19 pandemic that has slammed into populations and economies like a “God of chaos” comet. It seems to have permeated civilization, threatening lives, livelihoods, and the way we conduct ourselves professionally and socially.

Continue reading →

The Four Horsemen Hate Silver

usissuescom Monetary Policy, Stocks & Commodities , , , , ,
By GE Christenson – Re-Blogged From The Deviant Investor

The Four Horsemen of the Apocalypse bring pain and reset expectations. They are, according to some sources, pestilence, war, famine, and death.

Pestilence: News stories besiege us about the dangers of COVID-19, the pestilence released upon the world by (take your choice) bats, the United States, China, or a bioweapon lab. This pandemic is creating trauma for everyone. Confidence in governments and health agencies will decline. Trust in central banks will, hopefully, reset to much lower levels. Paper assets and fake money will be unmasked and understood for what they are. Real money will (someday) be appreciated as the only money without counter-party risk. But until that day… the paper derivative exchanges on COMEX “manage” prices.

Continue reading →

COMEX Search And Seizure

usissuescom Regulation, Stocks & Commodities , , , , , ,
By Craig Hemke – Re-Blogged From Gold Eagle

These are dark times for The Bullion Banks. Their Fractional Reserve and Digital Derivative Pricing Scheme is in great peril as refineries, miners, and mints all shut down in response to the coronavirus pandemic. Will these Banks be able to scrounge up enough physical metal to keep their scheme afloat through June? That remains an open question.

You may recall that we’ve been warning of the outrageous volume of COMEX EFPs (Exchange For Physical) for years. For the calendar years 2018 and 2019, the COMEX swapped out over 14,000 metric tonnes of contracts for alleged “physical metal” in London. And this process grew even more extreme in 2020, as the first three weeks of the month saw 290,000 COMEX gold contracts “exchanged” this way. Here’s the link from the last post dedicated to this subject, written on March 10: https://www.sprottmoney.com/Blog/comex-gold-efp-us…

Continue reading →

Welcome To The Hyperinflationary Depression

usissuescom Monetary Policy, Regulation, Stocks & Commodities , , , , , , ,
By Clive Maund – Re-Blogged From Silver Phoenix

The title of Leo Tolstoy’s massive tome, War and Peace, which many have heard of but few have read, implies a cyclical alternation between these conditions, which never ends, no matter how great the level of technological advance, because of the nature of men, which does not change.

It is the same with the great economic cycles which alternate between boom and bust. Once a parasitic overclass gain absolute power and a society is riven with corruption, decadence, graft and nepotism then its downfall is assured and is only a matter of time – and what empowers the parasitic overclass more than anything else is a fiat money system, which enables them to award themselves unlimited funds the better to live off the backs of the labor of everyone else, and no entity on the planet provides a more graphic example of this than the US Federal Reserve.

Continue reading →