Tuesday, July 7, 2020

Why Silver Is Amazingly Cheap Here & A Sure Sign That a Major Pm Sector Bullmarket Is Starting…

by Clive Maund, Silver Seek:

We have already been over the reasons why a major PM sector bullmarket is starting, and remarked on how undervalued silver is compared to gold, and how this is typical at the start of a major sector bullmarket, but it is worth “thumping the table” over this, because silver and silver investments may well be the best place of all to put your money at this time.

Many silver investors are manic-depressive and fanatical, which is a reality that we can turn to our advantage, for if we can figure when they are just starting to emerge from the depths of despair, it is the time to move into the sector in a big way. They are just starting to emerge form the depths of despair right now as it happens, which graphically is shown by the silver to gold ratio, the basis of which being that when investors in the sector are at their most risk averse, they tend to favor gold over silver, which is hardly surprising as gold conjures up images of solidity and security to a much greater extent than silver, which is also known as “poor man’s gold”.

Potential Food Shortages

by 3AD Scout, Survival Blog:

I’d like to address the potential for food shortages. The producers of the YouTube channel “Six Acres” filmed some shelves at a Williston, North Dakota Walmart. The Six Acres footage was posted on December 12, 2019. The Six Acres YouTube video was on my suggested list so I took a look at it.

There has been much discussion about food shortages on various prepper blogs and other forums. I have watched and listened to some but obviously not all. But when watching the Six Acres video and comparing and contrasting with my trips to my own local Walmart here in Pennsylvania I have a theory.

Gold & Silver Prices Hold Steady As Broader Markets Become Mis-Matched

by The Doc, SilverDoctors:

SD Midweek Update: The markets are mispriced right now with some assets moving in-step when they should not be doing so. Here’s an update…

We have a nice pop in the pre-market today, Wednesday Oct 25th:

There’s good volume on that price rise too.

Since opening on Sunday night, the silver price is down slightly:

As is the gold price:

Of course, we could see this coming from as early as Friday, so we have been in defensive posture anyway. But on the fundamental side of the equation, as the days go on, the fundamentals are going to become harder and harder to ignore.

The infamous “Trump Dossier” is back in the spotlight, and it has Hillary, the DNC, and the FBI’s fingerprints all over it. Then there’s Emperor XI and an oil for gold-backed yuan story that just won’t die.There’s continuing geo-political risk in Iraq, Syria, and North Korea, and Europe is still a basket case.

And that’s just politics.

As far as the stock market goes, well, that’s the Fed’s Frankenstein, and it’s not going to put it down if it doesn’t have to.

And so we have another record high just yesterday:

Read More @ SilverDoctors.com

NOW COMES THE PROOF THAT GEORGE SOROS AND HIS OPEN SOCIETY FOUNDATION HAVE BEEN FUNNELLING MONEY TO THE GEORGE FLOYD RIOTERS

by Geoffrey Grinder, Now The End Begins:

Ever since the protests turned to riots over the death of George Floyd in police custody in Minneapolis, rumors have flown that George Soros and his Open Society Foundation had to be involved. After all, OSF funded Black Lives Matter in 2015. It didn’t take long to reveal the financial ties to current riots and to show that OSF and George Soros directly support the movement today. Particularly infuriating are the taxpayer-funded grants received in conjunction with the Soros funding.

It didn’t take long to reveal the financial ties to current riots and to show that Open Society Foundation and George Soros directly support the Black Lives Matter movement today.

Gaddafi’s pan-African gold-backed Payment System

by Alex Christoforou, The Duran:

A fine RT interview with Moussa Ibrahim, Gaddafi’s ex-spokesperson. While pointing out the role of NATO and mainstream media in Libya’s destruction, Ibrahim accepts and explains the blind spots / failures in Gaddafi’s rule. Three things he mentions: that they failed to shift away [diversify] from the oil-export economic model, that they didn’t seek an alliance with Russia and China, that their political process wasn’t inclusive enough. Ibrahim also talks about the good things Gaddafi’s rule achieved, in the larger context of African struggle for liberation and economic independence. Gaddafi was hoping to accumulate 4 thousand tons of gold [as reserves] for his pan-national project of an African Central Bank alongside the creation of an African currency.

Did the Fed Just Signal THE LOW in Gold and Silver? – David Brady (25/01/2019)

by David Brady, Sprott Money:

The big news today is the following headline from the Wall Street Journal:

Fed Officials Weigh Earlier-Than-Expected End to Bond Portfolio Runoff

The implication is that the Fed is considering ending the balance sheet reduction program much earlier than anticipated, a program that was supposed to run on auto-pilot. The Fed has always maintained that this would have little effect on markets, but that assumption was proven to be wrong in October, when the program hit its maximum run-off amount of $50bln a month and stocks dumped. If the Fed does plan to taper or end its balance sheet reduction program, this would be the first sign of a reversal in policy by the central bank. This would be an extremely significant development for markets in general, but especially precious metals.

How Fed Rate Hikes Impact US Debt Slaves

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by Wolf Richter, Wolf Street:

But savers are still getting shafted.

Outstanding “revolving credit” owed by consumers – such as bank-issued and private-label credit cards – jumped 6.1% year-over-year to $977 billion in the third quarter, according to the Fed’s Board of Governors. When the holiday shopping season is over, it will exceed $1 trillion. At the same time, the Fed has set out to make this type of debt a lot more expensive.

The Fed’s four hikes of its target range for the federal funds rate in this cycle cost consumers with credit card balances an additional $6 billion in interest in 2017, according to WalletHub. The Fed’s widely expected quarter-percentage-point hike on December 13 will cost consumers with credit card balances an additional $1.5 billion in 2018. This would bring the incremental costs of five rates hikes so far to $7.5 billion next year.

Short-term yields have shot up since the rate-hike cycle started. For example, the three-month US Treasury yield rose from near 0% in October 2015 to about 1.3% these days. Credit card rates move with short-term rates.

Mortgage rates move in near-parallel with the 10-year Treasury yield, which, at 2.39%, has declined from about 2.6% a year ago. Hence, 30-year fixed-rate mortgages are still quoted with rates below 4%, and for now, homebuyers have been spared the impact of the rate hikes.

Auto loans, in line with mid-range Treasury yields, have wavered a lot and moved up only a little. The average APR on a 48-month new-car loan rose only 40 basis points over the past two years to 4.4% in August 2017, according to WalletHub, citing the most recent data available. Note that the offers of “0% financing” are usually in lieu of rebates or other incentives and are therefore rarely free.

The chart below shows the increase in the Fed’s target for the federal funds rate, from 0-0.25% to 1-1.25% (not including a hike on December 13), so an increase of 100-basis points. Credit card rates have increased in lockstep by 101 basis points. But bank deposits rates have lagged woefully behind, on the logic that credit-card borrowers and savers, both, are going to get shafted:

So how do these rate hikes translate for households with credit card balances?

Revolving credit outstanding of $1 trillion, spread over 117.72 million households, would amount to $8,300 per household. But many households do not carry interest-bearing credit card debt; they pay their cards off in full every month. Finance charges are concentrated on households that use this form of debt to finance their spending and that cannot pay off their balances every month. Many of these households are already strung out and are among the least able to afford higher interest payments.

Read More @ WolfStreet.com

Insurers tell California citizens to drop dead: Fire coverage yanked from 350,000 residents in response to PG&E power blackouts and ‘fire risk’

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by JD Heyes, Natural News:

Why Americans continue to elect Democrats, whose policies are tyrannical and economically destructive, is a mystery. 

That is especially the case in California, which is a case study in authoritarianism when one political party possesses a super majority.

Recently, California – an arid state despite the fact that it has a large Pacific coastline – suffered through several very destructive, deadly wildfires that many experts blamed on the Democrats’ goofy, nonsensical environmental policies. 

24 Voices That Are Warning America About What Is Coming, And Most Of Them Are Being Censored And Persecuted

by Michael Snyder, The Economic Collapse Blog:

We have reached one of the most critical points in American history, and there should literally be thousands upon thousands of voices sounding the alarm about what is coming.  So where are they?  This is a question that I have been pondering quite a bit lately.  As you will see in this article, there are some wonderful people out there that have been trying to wake America up for a very long time.  Of course many of them are also being viciously attacked and systematically censored by the social media giants.  There is a price to pay for telling the truth in America today, and it is only going to get worse.