by Kit Knightly, Off Guardian:
Becoming a “Nation of Renters” is clearly a big part of the New Normal.
The incipient “Great Reset” is a multi-faceted beast. We talk a lot about vaccine passports and lockdowns and the Covid-realated aspects – and we should – but there’s more to it than that.
Remember, they want you to “own nothing and be happy”. And right at the top of the list of things you definitely shouldn’t own, is your own home.
from The Duran:
TRUTH LIVES on at https://sgtreport.tv/
from Silver Doctors:
Remember the old saying, “you don’t want to see a world with $100 silver”? Yeah, well, we may just have to dial back our expectations…
(by Half Dollar) The ease with which nearly all things are surging in price never ceases to amaze.
Does it?
For example, I just started looking for a new pair of sneakers, or tennis shoes, if I may, and I like the brand Asics for many reasons, including perhaps a way of paying homage to my running days, but one of the main reasons I like Asics so much, aside from the company having models for all foot-types, having good comfort and having quality support, is the great variety of sizes and colors on offer.
from Liberty and Finance:
TRUTH LIVES on at https://sgtreport.tv/
from The Money GPS:
TRUTH LIVES on at https://sgtreport.tv/
from Peter Schiff:
TRUTH LIVES on at https://sgtreport.tv/
by Dave Allen, The International Forecaster:
Earlier this week, the World Gold Council released its informative and eminently readable mid-year outlook for gold.
Looking at the first half of 2021, the WGC found that “strong consumer demand recovery and [2nd quarter] gold ETF inflows were not enough to offset heavy [1st quarter] outflows.”
Looking ahead to the rest of the year, the WGC sees interest rates, inflation, devaluing of fiat currencies and higher exposure to risk assets combining “to prompt strategic investors to add gold to their [portfolios].”
That, in turn, will put upward pressure on gold prices in the second half of 2021, especially when assuming expectations for underperforming economies in the U.S. and elsewhere (the WGC doesn’t forecast prices of gold).
by Alasdair Macleod, GoldMoney:
Following the demise of gold’s active August contract, gold and silver had a better week. In European morning trade, gold was at $1829, up $28 from last Friday, while silver rallied to $25.60, up 45 cents. As always at the month-end, the bullion banks had an interest in seeing prices lower, so that call options expired worthless and in the hope that short-term speculators would trade these factors, giving added downward impetus to prices.
from SD Bullion:
TRUTH LIVES on at https://sgtreport.tv/
by Pam Martens and Russ Martens, Wall St On Parade:
The Swiss mega bank, Credit Suisse, lost $5.5 billion in late March and early April from the highly-leveraged, highly concentrated stock positions it was financing via tricked-up derivatives for Archegos Capital Management, the family office hedge fund of Sung Kook “Bill” Hwang. Archegos blew up on March 25 after it defaulted on its margin calls from its banks. U.S. mega banks, Goldman Sachs and Morgan Stanley, were also extending high levels of margin debt to Archegos at the time of its blowup, as were other foreign banks. Over $10 billion in total losses have thus far been acknowledged by the banks.
by Egon Von Greyerz, Gold Switzerland:
Earlier in July, U.S. President Biden came away from a meeting with Fed Chairman Jerome Powell and calmly announced that in addition to inflation being “short term,” we should fear not, as Biden also “made it clear to Chairman Powell that the Fed remains independent,” but “will act as needed.”
Whewwww. Where to even begin in unpacking the lighthouse of reality behind so much verbal fog?
When it comes to market analysis, no one wants to hear political opinions within finance reports, left or right.
by Mish Shedlock, The Street:
