Thursday, June 4, 2020

WARNING: U.S. Economic Depression, Precious Metals Bull Market

by Steve St. Angelo, SRSRocco Report:

With the U.S. heading into an economic depression, it will likely motivate more investors to protect their wealth in precious metals.  Thus, we could experience a U.S. economic depression and, at the same time, a bull market in gold and silver.

Interestingly, over the past two months, the major U.S. stock indexes heading higher even as economic indicators continued to show a BLINKING RED LIGHT.  How?  We can thank the Federal Reserve for single-handedly propping up the entire U.S. stock market.  And, the important level on the Dow Jones which couldn’t be breached, was the critical 18,000 support level.  So, when the Dow Jones Index miraculously bounced off this level back in March, shouldn’t be surprised.  Watch the video below to find out why this is the case.

Why the Fed’s Money Printing Won’t Save Main Street… Here’s What It Means for the Dollar

by Doug Casey, International Man:

Doug Casey’s Note: In the over 30 years I’ve known him, my respect—and liking—for Frank Giustra has only grown. Not just because he’s a world-class businessman, having built Yorkton Securities into a powerhouse, and then founding Lionsgate Entertainment. More relevant to this interview, he’s a first-rate judge of the markets—one of the best I’ve ever met at seeing turning points and understanding trends.

He’s one of the few financiers in the “Master of the Universe” class that understands gold and economics. Frank knows what he’s talking about. I suggest you read this closely.

“The Largest Ever Physical Transfer Of Gold”

from ZeroHedge:

Two months ago, when the market was in a state of near-total chaos as a result of a sudden collapse in global supply chains due to the hasty coronavirus lockdowns, one market that saw unprecedented turmoil was that of physical gold.

As we pointed out in late March, due to a sudden breakdown in physical gold supply as the world’s top gold refiners, those located in the southern Swiss town of Ticino, namely Valcambi, Pamp and Argor-Heraeus, suddenly stopped producing gold, the  result was a record divergence in the price of spot gold vs gold futures contracts…

BULLION BANKS READY TO DEPART CME FOR THE LME AND A PHYSICAL MARKET OVER THERE

by Harvey Organ, Harvey Organ Blog:

GOLD UIP $19.40 TO $1735.70//SILVER IS UP HUGELY (52CENTS) TO $17.88//HUGE PREMIUM SPOT/FUTURES FOR BOTH GOLD AND SILVER//A HUGE 146 TONNES OF GOLD STANDING AT THE COMEX FOR JUNE//1.8 MILLION OZ FOR SILVER//TRUMP CUTS OFF HONG KONG FOR FAVOURITE STATUS//MORE SANCTIONS LEVELED AGAINST CHINA//CORONAVIRUS UPDATE THROUGHOUT THE GLOBE//BULLION BANKS READY TO DEPART CME FOR THE LME AND A PHYSICAL MARKET OVER THERE//ATLANTA FED PROJECTS SECOND QUARTER GDP TO DROP TO -51%//MORE SWAMP STORIES

Keiser Report | Laundering Feudalism | E1546

from RT:

In the second half, Max talks to Michael Krieger of LibertyBlitzkrieg.com about the tide going out on our collective delusions about money printing and who exactly gets ‘rescued’ with the Fed’s never-ending bailouts.

-51.2%! Atlanta Fed Now Expects Staggering Collapse In Q2 GDP

from ZeroHedge:

Two months ago, St Louis Fed president James Bullard triggered a market plunge when he predicted that unemployment may soar to 30% and GDP plunge by an unprecedented 50%, vastly eclipsing the collapse observed during the Great Depression.

Sure enough, moments ago the Atlanta Fed’s closely followed GDPNow tracker confirmed this worst case scenario, when the latest model estimate for real GDP growth in the second quarter of 2020 crashed to -51.2% on May 29, down from -40.4% on May 28, which would be the biggest drop on record.

Robert Steele: Has Wall Street Stolen $100 Trillion from the American Public? Will Donald Trump Get It Back?

by Robert David Steele, Phibetaiota:

TEHRAN – Robert David Steele, a former Marine Corps infantry officer and CIA spy as well as an activist for Open Source Everything Engineering (OSEE), contributes regularly to Tehran Times.

Q. The above cartoon was published a few days ago by Ben Garrison, America’s most famous conservative cartoonist who has also been ruthlessly defamed and impoverished by the Anti-Defamation League (ADL). His cartoons are known to be favored by President Donald Trump. How did you achieve this rather unusual honor and can you explain the cartoon?