Wednesday, September 28, 2022

Watching Gold Into The Close

by Turd Ferguson, TF Metals Report:
We’ve been watching CDG climb all week toward the important level of $1250. With price butting up against some key technical indicators, we’ll want to watch price into the close to see where we end the week.

First of all, I’m at MamaFerg’s house this morning and will be here again for a day next week as we work with PapaFerg. So, unfortunately, we’ll need to keep this post somewhat brief.

You’ve no doubt seen the action so far today in both USDJPY and CDG. With USDJPY falling to new weekly lows (I have a last of 111.32), the pressure to move CDG up and through the important 50-day and 100-day MAs is building.

Bonds Are Currencies – A Derivative Of Currencies

by Dave Kranzler, Investment Research Dynamics:
I saw a thought-provoking retweet on Mark Yusko’s twitter feed and I wanted to clarify the idea conveyed: “When bonds yields nothing, they aren’t much different than currencies.”

This comment is somewhat misleading because bonds are indeed a derivative of currencies. It’s basic financial economics that Mark Yusko learned in the same Robert Leftwich finance course at U of Chicago that I took.

The tweet references sovereign-issued bonds. Sovereign bonds are simply a sovereign’s currency issued to investors who are willing to bear the “time value” risk connected to the sovereign, where “time value risk” is the sum of “credit risk” – the risk of getting repaid – and “opportunity cost” – the foregone cost of spending that capital now or investing it in an alternative asset that might yield more.

Bitcoin Segwit Activation-The Gold Cartels Worst Nightmare

by Andy Hoffman, Miles Franklin:
Not that its experience is any different from the countless “empires” that destroyed themselves from within; but let’s face it, America is rapidly morphing into a Banana Republic.

And not just in terms of its monetary policy – as the leader, in the “race to the bottom,” of the terminal phase of history’s largest; most destructive; and for the first time, global; fiat Ponzi scheme. Unfortunately, the symptoms of the disease are widespread, affecting the political, economic, and social landscape – all by-products of the complacency, self-indulgence, and arrogance created by the false sense of superiority the “reserve currency” issuer temporarily enjoys, in ephemerally living far above its means. Unfortunately, aside from the inexorable secular headwinds pounding against America’s rapidly waning dominance – like the global population explosion, unfavorable demographic trends, and synchronous worldwide information dissemination – America’s exposure to the gargantuan, historic cyclical downturn its own policies caused, is as broad, and systematically dangerous, as any nation’s. And not just absolutely; but more importantly, relative to the sky-high, “sixth sigma” standard of living its fleeting stint as reserve currency issuer has enabled.

Prepare for a 30-year bull market

by Clif Droke, Gold Seek:
Heading into 2017, Wall Street was excited by the prospect of a U.S. president who sympathized completely with business. His promised tax and healthcare reforms were widely cheered by investors in the wake of his election. Yet the Congress has so far failed to deliver on those promises and investors are no longer giving the Trump administration a free pass based on the assumption that tax breaks are on the way.

This loss of enthusiasm is reflected in the long periods of dullness the market has experienced since March. While the bull market leg which began with the November election remains intact, the market has proceeded in a halting fashion and has gradually lost some of its erstwhile momentum. The following graph illustrates this principle.

Don’t Be Fooled – The Federal Reserve Will Continue Rate Hikes Despite Crisis

by Brandon Smith, Alt Market:
Though stock markets in general are meaningless and indicate nothing in terms of the health of the economy they still function as a form of hypnosis, or a kind of Pavlovian mechanism; a tool that central bankers can use to keep a population servile and salivating at the ring of a bell. As I have mentioned in the past, the only two elements of the economy that the average person pays attention to in the slightest are the unemployment rate and the Dow. As long as the first is down and the second is up, they aren’t going to take a second look at the health of our financial system.

U.S. SMASHES RECORD: Highest Production Of Lowest Quality Fuel In The World

by Steve St. Angelo, SRSRocco Report:
Yes, it’s true… the United States smashed another fuel production record this year. According to the U.S. Energy Information Agency (EIA), the country produced over one million barrels per day of this liquid gold in the first six months of 2017. Unfortunately, this isn’t something to brag about. It would be wise just to keep this lil record to ourselves, rather than broadcast it loudly across the energy news wires and Mainstream media.

Why do I say that? Because the U.S. produced a record 1.02 million barrels per day of corn-based ethanol, the lowest quality fuel in the world. Corn ethanol’s EROI – Energy Returned On Invested is so low, it barely provides one full barrel of fuel for one barrel worth of energy that it took to produce it. I get into that in a moment, but let’s look at U.S. ethanol production since 2010:

July 21, 2017 – Weekly Wrap-Up with Eric Sprott

from Sprott Money:
This week, Eric Sprott discusses the how the U.S. political situation and falling dollar might impact the prices of gold and silver.

Our Ask The Expert interviewer Craig Hemke began his career in financial services in 1990 but retired in 2008 to focus on family and entrepreneurial opportunities. Since 2010, he has been the editor and publisher of the TF Metals Report found at TFMetalsReport.com, an online community for precious metal investors.

Click HERE to Listen

A2A with Chris Martenson

by Turd Ferguson, TF Metals Report:
A tremendous webinar today with Chris Martenson of PeakProsperity.com. Though we had to fight through some audio issues, the information and perspective that Chris shared with everyone is invaluable and demands your attention.

Among the topics addressed today:

The Central Bank kabuki theater and the level to which The Bankers are now involved in nearly every market.
What Chris learned during his recent stay in Buenos Aires
The future of the US dollar, not only in energy transactions but as the world’s reserve currency
How and why HFT algos now control the “markets”
Chris’ essential list for preparing for what’s ahead
And a whole lot more!
Big thanks again to Chris for being so generous with his time today. Our apologies on this end for the audio difficulties which required some editing to the recording.

Click HERE to Listen

Audioblog #202: The State Of The Monetary Union-Today and Tomorrow

by Andrew Hoffman, Miles Franklin:
For 27 years the staff at Miles Franklin has delivered excellence in many ways – knowledge, relationships, product offers and customer service. They understand the macro/micro economics and geo–political advantages to investing in precious metals to protect your wealth. The team at Miles Franklin build life-long relationships because they custom-tailor solutions for investing in precious metals to meet each individual’s needs and circumstances. Our brokers have or can acquire most any type of precious metal from anywhere in the world. Each and every order is managed and monitored from start to finish. We are licensed, bonded, and carry an A+ BBB rating.

Click HERE to Listen

David Morgan: Gold and Silver at Breakout Point from 6-Year Downtrend

by Mike Gleason, Money Metals:
Coming up David Morgan of The Morgan Report joins me for a wonderful discussion on the metals and the markets. He’ll share his insights on what the smart money is already doing, the dangers of complacency and the importance of limited counter party risk. Back by popular demand, don’t miss our recent interview with the Silver Guru, David Morgan, coming up after this week’s market update.

Well, gold and silver markets are advancing for a second straight week as the U.S. dollar continues to slide.

The Dollar Index dropped to a fresh new low for the year on Thursday following the European Central Bank’s policy meeting. The ECB left its quantitative easing program in place and kept its benchmark interest rate at zero.

Click HERE to Listen