Did I Say Yesterday, The Most Precious Metal Bullish Quote Ever? Well, Trump Took Just 24 Hours To Top It!

by Andy Hoffman, Miles Franklin:

Man, do I keep crazy hours!  Seriously, I am now averaging four hours per night of sleep; to which I can only say, thank goodness for my 24/7 gym, and a laptop equipped with hundreds of podcasts, and thousands of Amazon Prime TV shows and movies.  As for tonight, while I’m writing at the early hour of 11:00 PM Wednesday, I went to sleep at 9:30 PM.  I wasn’t planning to get up, but after getting kicked in the shins playing soccer this evening, it hurts so much, I can’t get back to sleep.  Thus, considering I have podcasts scheduled at 8:00 AM and 9:00 AM; and that today’s principal topic is so obvious; I figured I’d write it now, whilst the pain remains so acute.  And please don’t email to tell me I need more sleep – as my body will do what it wants, and I don’t just like, but love writing at such odd hours.

Anyhow, by obvious, I mean our “Commander-in-Chief” is living up to my greatest pre-Election fear, honed over a lifetime of watching “the Donald”’; i.e., an ego so large, he would rather destroy the world than be perceived as “losing.”  Which unfortunately, is exactly how Kim Jong-Un feels, too; i.e., the lunatic megalomaniac, with a Napoleon complex, running a totalitarian state in spitting distance of Seoul, Tokyo, Beijing, and…Guam, where the U.S. operates one of its largest military bases.

But before I get to the quote that, just 24 hours after attributing the “most Precious Metal bullish quote ever” to el Presidente himself; and two weeks after proclaiming to be the “most Precious Metal bullish I’ve ever been”; not to mention, 12 hours after Bitcoin’s SegWit protocol locked in – i.e., the “gold Cartel’s worst nightmare”; consider that, whilst Cartel-suppressed Precious Metals are trading at their “lowest inflation-adjusted prices ever”; PPT-supported stocks are trading at “dotcom valuations in a Great Depression Era” – as exemplified by the following, unfathomably damning charts, of 1) stocks’ highest-ever – by a huge margin – price/sales ratio; and 2) also by a huge margin, stocks highest-ever net debt/EBITDA ratio.

Throw in the essentially 100% correlation between equity market valuations and Central banks’ cumulative balance sheets – let alone, what they hold “off balance sheet”; and you can see how stocks, and bonds, are so hopelessly addicted to low interest rates and quantitative easing, rates can never be reduced, and monetization must exponentially increase.  I.e., the definition of a Ponzi scheme – of which, today’s global version is by far history’s largest and most destructive; quite obviously, amidst the final stages of its terminal, malignant phase.

To the contrary, Precious Metal demand, amidst the weakest Western sentiment in memory (care of unprecedented 24/7 price suppression, and equally relentless equity support), global demand remains stubbornly near record-high levels.  This, as two decades of price suppression has left Central banks’ “manipulation inventory” at “fume” levels; whilst Cartel-crippled supply continues to inexorably plunge – likely, for years to come, in goldsilverand platinum.

Given that backdrop, it’s barely 48 hours since the Donald uttered what I at the time deemed the “most Precious Metal bullish quote ever” – although, with all due respect, it could easily be tied with a hundred others from “leading” politicians and Central bankers; like, for instance, “Goldman Mario” Draghi, who nearly five years ago to the date, claimed he’d do “whatever it takes” to LOL, “save” the Euro.  Which was, when the self-proclaimed “King of Debt,” Mr. “low interest rate person” himself, said…

“I like a dollar that’s not too strong.  I mean, I’ve seen strong dollars.  And frankly, other than the fact that it sounds good, lots of bad things happen with a strong dollar.  And I do like low interest rates. I mean, you know, I’m not making that a big secret. I think low interest rates are good.”

Well, before the ink on this quote dried, our “Commander-in-Chief” topped it; again, by a large margin; when once and for all, he proved that, contrary to his campaign promise of reducing America’s military entanglements (whilst LOL, proposing dramatic military spending increases), he may actually be a bigger warmonger than George “WMD” Bush and Barack “Nobel Prize” Obama combined.  And heck, perhaps even Hillary “I’ll do anything to invade Russia” Clinton.

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