Monday, October 21, 2019

Dying Petrodollar Could Spell Disaster for the Fed as They Try to Dissolve Their Balance Sheet

from Rogue Money:
When Janet Yellen spoke at the last FOMC meeting, she reiterated the central bank’s desire to begin drawing down their balance sheet after close to 8 years of stimulus and bond buying. However, those who pay attention more to actions than from words understand that until the Fed actually begins to start selling their bond holdings, talk from the central bank is little more than the same rhetoric they used when promising a rate hike back in October of 2013, and then never instituting one until two years later.

Yet for just this instance let us take Yellen’s words as truth this time, and expect that the Fed will begin drawing down their balance sheet slowly sometime by the end of the year. And this leads us to ask the unspoken question of…

Audioblog #201-Ding Dong, The Fed-And With It, The Precious Metal “Bear Market”-Is Dead

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

The First Horse Out Of A Burning Barn Gets Scorched The Least

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from Investment Research Dynamics:
From a Short Seller’s Journal Subscriber: I just read the piece on Denver homes and the idea of taking a lower price. $100,000 less jumped out. We are selling our overpriced turkey in the clouds in a posh area of Nevada where stupid money goes to die.

Our contract price is $115,000 less than an appraisal done 4 months ago. All the realtors think that prices in the hills will continue upwards. I know better and locales like this are primed for a very ugly drop. That’s our reason for taking $115,000 less than appraisal value

The first horse out of a burning barn gets scortched the least . Thank you for that tip Worth the price of the newsletter times 10 or 20…

Stocks and Precious Metals Charts – I Shall Not Want

from Jesse’s Café Américain:
“Teach me your way, Lord,
that I may rely on your faithfulness;
give me an undivided heart,
that I may fear your name.
I will praise you, Lord my God, with all my heart;
I will glorify your name forever.
For great is your love towards me;
you have delivered me from the depths
and the realm of the dead.”

Psalm 86:11-13

“I see dead people. They don’t know that they are dead. Walking around like regular people. They don’t see each other. They only see what they want to see. They don’t know they’re dead. I see them all the time—  they are everywhere;  they only see what they want to see.”

July 14, 2017 – Weekly Wrap-Up with Eric Sprott

from Sprott Money:
This week, Eric Sprott discusses the latest economic news and the impact this has on gold and silver prices.

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

Global Currency Reserve at Risk – Jim Willie

by Jim Willie, Gold Seek:
Within the US borders, the population remains largely ignorant of the true significance of the global currency reserve concept. It is of paramount importance, yet almost never discussed in the financial press. The public within the United States simply assumes the country operates with the USDollar as its currency, with near blindness to its global role in trade and banking. The end of an era is coming, as the change will be powerful in its effect. The shock wave could hit this year in some form, in a manner to highlight its importance.

2.5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}-Nuff Said, Part lll-Why Rates Will Never Be “Allowed” To Rise

by Andy Hoffman, Miles Franklin:
It’s Friday morning, on what could be a key inflectionary day in monetary history. Which is quite the extraordinary statement, when considering that mere minutes ago, I was, for once, having trouble formulating the day’s principal message. That said, when I looked through my notes – of the past 24 hours’ articles; and comments I jotted down about various topics; two charts caught my eye – which subsequently, catalyzed the revelation of why rates will never be “allowed” to rise. That is, until the bond vigilantes inevitably arrive to overwhelm government “monetizers”; in the same manner that soaring physical gold and silver demand will inevitably – and likely, simultaneously, overwhelm the naked paper shorters.

First, a chart depicting the U.S government’s record monthly outlay in June – of a whopping $429 billion, yielding a $90 billion monthly deficit. Which, I might add, was attributed to “higher subsidy costs for student loans; and to a lesser extent, housing guarantees.”

POOR CPI NUMBERS COUPLED WITH POOR RETAIL SALES SENDS GOLD AND SILVER NORTHBOUND WITH THE DOLLAR SINKING

TURKEY TURNS ITS BACK ON THE WEST: PURCHASES DEFENSE MISSILES FROM RUSSIA
from Harvey Organ:

TURKEY WILL NOT LET GERMANY VISIT ITS FORCES AT INCIRLIK

In silver, the total open interest FELL BY 2121 contract(s) DOWN to 206,358 WITH THE FALL IN PRICE THAT SILVER TOOK WITH YESTERDAY’S TRADING (DOWN 18 CENT(S). WITH THE DATA TODAY, THE ONLY EXPLANATION IS THE COMMERCIALS CONTINUED AS THE SUPPLIER OF THE SHORT PAPER AND COVERED SOME OF THEIR SHORTS. THE SPECULATORS PITCHED SOME OF THEIR LONG SIDE PAPER

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.033 BILLION TO BE EXACT or 148{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 8 NOTICE(S) FOR 40,000 OZ OF SILVER

In gold, the total comex gold FELL BY A RATHER TAME 3,841 CONTRACTS WITH THE FALL IN THE PRICE OF GOLD ($1.50 with YESTERDAY’S TRADING). The total gold OI stands at 487,597 contracts. AGAIN, THE COMMERCIALS SUPPLIED THE SHORT PAPER TO WHICH THE SPECULATORS DECIDED TO LIGHTEN UP A BIT ON THEIR LONGS TO WHICH SOME OF THE COMMERCIALS COVERED THEIR SHORT POSITION.

we had 2 notice(s) filed upon for 200 oz of gold.

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