Saturday, January 18, 2020

MacroVoices #202 Grant Williams: Civil unrest around the world. Failing Unicorns. All paths lead to gold.

by Erik Townsend, Macro Voices:

Erik Townsend and Patrick Ceresna welcome Grant Williams to MacroVoices. Erik and Grant discuss:

  • Civil unrest and global social degradation
  • Is inflation the key to the global geopolitical situation?
  • Unicorn companies – collapse of WeWork, is Tesla next?
  • Will MMT eventually lead to runaway inflation and what are its implications
  • Recent rise in gold – is it time to change strategies?

Read More @ MacroVoices.com

SAFEST GOLD VAULT IN THE WORLD

by Egon Von Greyerz, Gold Switzerland:

This week I will discuss Fed bubbles and a potential imminent major market event, including an extremely important chart and also the safest private gold vault in the world. But first, last week was overshadowed by Iraq and Iran, which again has reminded us of terrorism in various forms.

Terrorism is not just an act of violence. Cyber attacks can have devastating effects like paralysing air traffic or making all your digital assets disappear.

The Genius of JPMorgan – Ted Butler

by Ted Butler, Silver Seek:

Yesterday, JPMorgan Chase, the largest bank in the US, reported record earnings of $8.5 billion for the fourth quarter and roughly $35 billion for the full year. These are net profits, after all expenses and costs are subtracted from gross revenues. It is no understatement to call JPMorgan a profit-generating machine.

My interest in the bank, of course, comes from the perspective of gold and silver. The connection is that JPMorgan is the largest player, by far, in all aspects of gold and silver. Always among the top players in the gold and silver space for decades, what pushed JPMorgan to the very top was its takeover of Bear Stearns in 2008 which resulted in JPM taking the place of Bear as the largest short seller in COMEX gold and silver futures.

IMPEACHMENT TRIAL BEGINS TODAY

by Harvey Organ, Harvey Organ Blog:

IMPEACHMENT TRIAL BEGINS TODAY//GOLD DOWN $3.00 TO $1550.60//SILVER DOWN 2 CENTS TO $17.94//COMEX GOLD WITNESSES ANOTHER RECORD AT 798,000 PLUS CONTRACTS//TRUMP THREATENED EUROPE WITH A 25% AUTO TARIFF IF THEY DID NOT CALL ON IRAN FOR BREACH OF ITS TERMS//TURKISH JETS VIOLATE GREEK AIRSPACE 91 TIMES YESTERDAY///TRUMP GOING AFTER MR BLOOMBERG AND THE FRAUDULENT HFT TRADING//ALL FORMS OF USA FREIGHT DOWN BADLY//MORE SWAMP STORIES FOR YOU TONIGHT

Gold Mining Stocks Broaden Their Appeal — With Dividends

by John Rubino, Dollar Collapse:

No one interested in current income buys gold mining stocks because those stocks are traditionally all about capital gains. As ‘leveraged plays on the price of gold,’ the miners work this way:

Let’s say gold is $1,000 per ounce and a hypothetical miner produces a million ounces annually, eking out a net profit of $10 million, or $10 per ounce produced. There’s no money here for dividends, obviously, and virtually nothing for capex. Someone hoping for current income would have zero interest in such a stock.

But let the gold price rise by $100 per ounce, or 10%, and the miner’s profit jumps by 900%, to $110 per ounce. In most market environments the stock of such a company will rise, which is the outcome most capital gains-oriented investors want.

Keiser Report: What Came First, the Chicken or the Fed? (Ep 1489)

from RT:

In the second half, Max talks to Craig Hemke of TFMetalsReport.com about the latest in the gold market as Trump renews hostilities in the Middle East and the central bank continues pumping money into markets

FLYNN WITHDRAWS HIS GUILTY PLEA

by Harvey Organ, Harvey Organ Blog:

GOLD UP $9.55 TO $1553.60//SILVER UP 21 CENTS TO $1796//HUGE ISSUANCE OF EX.FOR PHYSICALS IN BOTH GOLD/SILVER//USA AND CHINA SIGN PHASE ONE FOR THEIR TRADE DEAL AND THEN TRUMP WANTS MORE RESTRICTIONS ON HUAWEI PRODUCTS//EUROPE TRIGGERS “DISPUTE MECHANISM” ON THE IRAN NUCLEAR DEAL WHICH MAY LEAD TO INCREASED SANCTIONS BY EUROPEANS ON IRAN: ROUHANI THOROUGHLY ANNOYED AND VOWED REVENGE//FLYNN WITHDRAWS HIS GUILTY PLEA//MORE SWAMP STORIES FOR YOU TONIGHT

China’s Gold Hoarding: Will It Cause the Price of Gold to Rise?

by Jan Nieuwenhuijs, Voima Gold:

There are reasons to think that the gold price will rise faster than expected.

Since 2009 China has withdrawn 12,000 tonnes of gold from the rest of the world, where the short and medium-term gold price is set. For reasons I will explain, a tighter market outside of China can make the price of gold price rise faster than many expect. I believe the gold price will rise, because of excessive debt levels around the world, and incessant money printing by central banks. Central banks will try and resolve the debt burden through currency depreciation (inflation). China has been preparing for this scenario by buying gold.