Tuesday, June 25, 2019

DROP YOUR WEAPONS: Gold – Be TRIGGER-READY!

by Lior Gantz, Government Slaves:

We Bring You This Critical Alert, Contributed By WealthResearchGroup.com and Their Founder, Lior Gantz, Who Our Staff Looks At For Accurate Economic Forecasting.

In 2010, one of the best-performing asset managers in history, billionaire and Carolina Panthers owner, David Tepper, was quoted in what became one of the best lines of this bull market. He essentially said that if the FED does QE 1, 2, and 3 while buying bonds and is willing to see some inflation in the process, he certainly wouldn’t be fighting them and would go LONG.

Gold Reaches 5 Year High – Possible Bull Run Ahead

from Birch Gold Group:

Over the past few days, gold prices reached as high as $1,400, the highest in 5 years.

The jump in price followed news the Fed may act “dovish” and cut rates as soon as July. According to one CNBC article:

The central bank predicts one or two rate cuts in its set of economic predictions, but not until 2020. Despite cautious wording in the post-meeting statement Wednesday, markets are still betting the Fed cuts, as soon as July.

You can see the moment gold prices spiked in the chart below for spot gold:

ZIRP And QE Won’t Save The Economy – Buy Gold

by Dave Kranzler, Investment Research Dynamics:

It’s not that we’ll mistake them for the truth. The real danger is that if we hear enough lies, then we no longer recognize the truth at all…  – “Chernobyl” episode 1 opening monologue

I’ve been discussing the significance of the inverted yield curve in the last few of my Short Seller’s Journal. Notwithstanding pleas from the financial media and Wall Street soothsayers to ignore the inversion this time, this chart below illustrates  my view that cutting interest rates may not do much  (apologies to the source – I do not remember where I found the unedited chart):

Gold to Break All-Time Record if US-China Trade War & Mid East Turmoil Continue – Journo

from Sputnik News:

The US-China trade war has given a boost to gold, and the precious metal hit over $1,400 per ounce on 21 June for the first time in years. According to Beijing-based journalist and political analyst Tom McGregor, its price will go higher unless a new US-China trade deal is struck by Donald Trump and Xi Jinping at the G20 on 28-29 June.

China has been on a bullion-buying spree six for straight months, starting in December 2018, amid uncertainty prompted by the Sino-American trade frictions. At the same time, the People’s Bank of China (PBOC) is dumping its US Treasury holdings, triggering assumptions that “China doubles down on gold in shift away from dollar“.