Thursday, July 18, 2019

Time For More Physical Silver… And Zinc?

by SGT, SGT Report:

I’m buying more silver …and I’m following Keith Neumeyer’s lead by also increasing my exposure to zinc at these suppressed levels. The dwindling supply VS. growing demand gulf in silver, gold and zinc has grown too large because mining companies have been decimated by the cartel’s rigging of the prices of gold and silver.

BITCOIN MILLIONAIRE PREDICTS SILVER WILL BE WORTH MORE THAN GOLD!

from SGTreport:

DavinciJ was one of the popular silver and gold bulls on You Tube back in 2010 and 2011. And then he discovered Bitcoin. he researched it, bought it and suggested others do the same. Under a Buck, but precious few listened. Now Davinci is a multi millionaire, but he’s still a silver and gold bug and he predicts that one day silver will be worth more than gold.

WILL YOU BE READY THE DAY THE DOLLAR DIES? — Bob Kudla

from SGTreport:

“There will be disruptions and dislocations”, the end of the dollar will come, the only question is, will you be ready when it does, says Trade Genius founder Bob Kudla. Kudla says that once the Dollar is bypassed “we will see gold skyrocketing and the stock market crashing.” It’s time to get yourself prepared.

US Interest Rate Tsunami Waves Spotted Just Offshore

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by Michael Pento, Market Oracle:

We should all be familiar with the aphorism, “as real estate goes so goes the economy.” Anyone ignoring that economic axiom was completely blindsided by the Great Recession of 2008. Well, the collapse of the Everything Bubble most certainly includes the real estate market…and this time around will definitely not be different.

The plain and simple fact is that home ownership is getting further out of reach for the average consumer as mortgage rates rise. This is especially true for the first-time home buyer. The 30-year fixed rate mortgage is now the highest level since January 2014, 4.64%

UPHEAVAL BEYOND ANYTHING YOU CAN IMAGINE IS COMING — Bill Holter

from SGTreport:
Bill Holter joins me for an economic update, and despite some good news and sunny musings from our President, Holter says there is upheaval coming that is beyond imagination. Holter notes that the annual payments on the national debt have surpassed $500 Billion and will soon eclipse national defense spending. And with the Fed continuing to raise interest rates, President Trump is quite right when he says his biggest threat is the Federal Reserve.

Gun Owners Of America To Take NFA Before Supreme Court

by Tom Knighton, Bearing Arms:

The National Firearms Act is an insidious piece of legislation that I desperately hope to one day see relegated to the proverbial trash heap of history. The idea that we, law-abiding citizens who have done nothing wrong, should have to beg for permission to arm ourselves with certain firearms is practically begging to be shot down.

I just don’t know if I’ll see it in my lifetime.

However, it does appear that Gun Owners of America is doing its part to make my dream a reality.

21 TRILLION REASONS TO PREPARE

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from SGTreport:

Lior Gantz from Wealth Research Group joins me to discuss the economy, the future of the US Dollar and the 21 trillion reasons we should all be preparing for what comes next.

Get Ready for JPMorgan and Goldman Sachs to Get Yanked from the Dow

by Pam Martens and Russ Martens, Wall St On Parade:

Yesterday, Wall Street mega bank, JPMorgan Chase, was the biggest percentage decliner in the Dow Jones Industrial Average, losing 2.79 percent. Goldman Sachs, another Dow stock, was third in line after Caterpillar, losing 2.56 percent. But that performance was absolutely mild compared to how other global bank stocks that aren’t in the Dow performed.

Morgan Stanley lost 3.55 percent; Citigroup shed 3.30 percent; while Deutsche Bank, a German bank heavily interconnected with Wall Street banks, that trades on the New York Stock Exchange, touched $13.34 intraday – its lowest share price in more than 30 years. Deutsche Bank closed the day at $13.40, down 3.67 percent. A U.S. unit of Deutsche Bank, which is designated a global systemically important bank (G-SIB), recently failed its stress test according to the Federal Reserve.

READY FOR THE HYPER INFLATIONARY GREAT DEPRESSION?

from SGTreport:

The economic slowdown is now global, and far more advanced than we thought. With US national debt poised to surpass $22 Trillion this year, what calamity lurks just around the corner? Lanette Zang believes it may be a hyper inflationary depression from which no holder of fiat will escape.

Jim Rickards: Gold price has been locked to SDRs and global monetary reset is under way

by Chris Powell, Gold Seek:

Dear Friend of GATA and Gold:

GoldCore’s daily blog today reprints analysis by Jim Rickards in his latest Gold Speculator letter arguing that the great “global monetary reset” often speculated about is already underway, as indicated by the recent close correlation between the gold price and the International Monetary Fund’s super-currency, the Special Drawing Right, which began shortly after the IMF made the Chinese yuan a component of the basket of currencies composing the SDR. Since then, Rickards writes, the gold price, ordinarily volatile, has exhibited little volatility as priced in SDRs.

A DEN OF VIPERS

from SGTreport:

The stock market is bouncing back from its worst December in history, is the bottom in – or are the banksters just flexing their muscle by illustrating their ability to crash the markets or raise them at will? Also, as the currency crisis spreads around the world, will precious metals and Bitcoin be the story in 2019? Bob Kudla joins me to discuss.

The Establishment Must Undermine Alternative Economists As Crisis Unfolds

by Brandon Smith, Alt Market:

There is a notion within the mainstream media that certain economic indicators are unassailable; they never stop being reliable. The way they look at and report on the system is rather outdated and extremely limited in scope; showcasing and cherry picking only net-positive statistics, even if those stats don’t represent reality. The result is a kind of holographic view of the financial structure; a mirage of a healthy and vibrant foundation that simply does not exist.

This fraudulent view appeals to the masses for a time because it provides fuel for false hopes. In economics, an analyst must always account for two major factors: the hard math and human psychology. These factors tend to conflict during times when a financial bubble is present, and they tend to converge when such bubbles implode. One must never underestimate the power of public psychology, though. Even when the math is screaming that danger is present in the system, a naive and misinformed populace (coupled with central bank manipulation) can keep a dead economy in a state of profane reanimation for much longer than seems logically possible.

America First, Dollar Last Says Deutsche Bank

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by Mish Shedlock, The Maven:

Deutsche Bank says Trump’s America First policy puts the dollar last. BMO predicts a flattish dollar.

Let’s investigate the claim Trump’s ‘America First’ Puts the Dollar Last.

The administration’s “irreconcilable” goals of cutting trade imbalances while funding a large fiscal stimulus program pose the biggest challenge to the international monetary system since the breakdown of the Bretton Woods agreement in the 1970s, George Saravelos, global co-head of FX research at Deutsche Bank, wrote in a note. The only way to resolve these conflicting objectives is via a weaker dollar, he said.

That’s because the U.S. will probably struggle to attract sufficient foreign capital to fund its twin deficits, and that lack of appetite will likely translate to more currency weakness, he said.