After a wild week in the gold and silver markets, Michael Oliver just issued this warning for investors in the gold bull market.
The post Michael Oliver Just Issued This Major Warning For Investors In The Gold Bull Market appeared first on King World News.
One Of The Most Important Audio Interviews Of 2020 From The Man Who Worked Directly With The Chairman Of The Comex In The 1970s And Called The Stock Market Crash Of 1987!
The post Michael Oliver: Broadcast Available Now appeared first on King World News.
One Of The Most Important Audio Interviews Of 2020 From The Man Who Worked Directly With The Chairman Of The Comex In The 1970s And Called The Stock Market Crash Of 1987!
The post Michael Oliver appeared first on King World News.
As we come to the end of a week when the price of gold hit a new all-time high, the bullion banks are caught in the mother of all short squeezes in the gold market.
The post The Bullion Banks Are Caught In The Mother Of All Short Squeezes In The Gold Market appeared first on King World News.
This will end with a loss of confidence, plus look at what is underpinning gold's surge.
The post This Will End With A Loss Of Confidence, Plus Look At What Is Underpinning Gold’s Surge appeared first on King World News.
from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends. Today we discuss:
1. Market gapped up but settled down. Apple and Facebook great earnings and are up. Google down and breaking through its 50 day moving average. Apple 4 for 1 split. Amazon up strong. 3 out of 4 not bad Nasdaq. Last day of the month.
2. No summer doldrums. Be on the guarded side. Need to be aware of pulbacks. Watch the semiconductors. If they breakdown, look out below. Nasdaq is down .
3. Gold and silver up again. Overbought and hit over 2000 on the futures. Up 21 points today. Silver futures very strong. Have to watch for a good entry point. Missed the last move. Stocks are doing well today. Still long in the tooth. Still somewhat parabolic.
4. All restaurants have pulled back. McDonalds, Shake Shack, Darden, etc. are down a bit today. Not ready for re-entry.
5. Thoughts on the next stimulus round. These businesses can’t be helped if there’s another shutdown. A lot of businesses being forced to shut down and it could be their death knell. Doctors are being censored. Fauci’s rule is law. People are starting to wake up. Do your own research and figure it out yourself.
6. Last trading day of the month, could be window-undressing. Distribution is taking place. Trend is still up. Could see a big sell-off followed by a big rally. We still haven’t seen a big move up, which is cautionary.
For more info, go to www.InTheMoneyStocks.com.
Click Here to Listen to the Audio
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from Financial Survival Network
Matt Nye, Chairman of the Republican Liberty Caucus, returns… Matt is worried. Like so many Americans, he witnessed the pandemic, the insane reaction to it and the resulting global economic collapse. Now we’re witnessing the erasure of American history and have seen the far-out loony left disparage all of our great patriots and all of the people who make the country work. Is there a way back, will we wind up in a full-blown civil war? Matt answers these questions and more. He’s also running for the Florida Legislature. If you’re in Florida in his district, please support him.
Click Here to Listen to the Audio
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This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to dd@peakprosperity.com with subject header “Good News Friday.” We will save and post weekly. Enjoy!
Hedonism Leads To Happiness (tmn)
They found that certain people get distracted by intrusive thoughts in moments of relaxation or enjoyment by thinking about activities or tasks that they should be doing instead. “For example, when lying on the couch you might keep thinking of the sport you are not doing,” says Becker. “Those thoughts about conflicting long-term goals undermine the immediate need to relax.” On the other hand, people who can fully enjoy themselves in those situations tend to have a higher sense of well-being in general, not only in the short term, and are less likely to suffer from depression and anxiety, among other things.
What Vermont and Its History Might Teach the Nation About Handling the Coronavirus (jdargis)
covid-19 took a toll on the state fairly early—the first two deaths were confirmed on March 19th—and it soon became clear that terrible outbreaks were under way at a couple nursing homes. But action came early, too. Governor Phil Scott began closing things down that week—it wasn’t long before bars and restaurants were shut, followed by schools and pretty much everything else. Even construction jobs quieted, as the state shut down nonessential work.
Three steps to consider for a more pre-pandemic normal (jdargis)
First, move everything outdoors — as much as possible and much more than has been done already. Many buildings in this country are oversupplied with parking lots, so let’s use that stockpile. With the addition of a simple high roof, you’ve got a farmers market, a sidewalk cafe or an open-air cathedral.
Every Faculty Member on This Campus Can Teach Outside (tmn)
Elizabeth A. Forys, one of the leaders of Eckerd’s outdoor-instruction initiative, is an experienced outdoor instructor, having taught environmental biology and ornithology classes outside for years. So when her campus closed because of Covid-19 in the spring, she began thinking ahead to reopening. Knowing outdoor-transmission rates for the virus are significantly lower than indoor ones, Forys said, she’d simply move all her classes outside. Many of her colleagues, even those whose material didn’t naturally lend itself to teaching outdoors, might want to do the same.
D.C. Strangers Banded Together To Help A Struggling Squirrel And Her Babies (TourGuideDC)
“When I got close up on it, I realized that what I thought was its insides was really a baby,” she continues. “I realized the squirrel was alive, and so that’s when I instantly started freaking out.” Peele looked around for help and posted a video of the scene on Twitter.
In response to her tweet, friends, strangers, and even D.C. Councilmember Mary Cheh referred Peele to two animal-welfare organizations based in the District: the Humane Rescue Alliance and City Wildlife. Meanwhile, a small group began gathering around the squirrel, including a man who told Peele that he had experience helping cows give birth but “squirrels were out of his wheelhouse.” (The members of the group were wearing masks, according to Peele.)
“Low-income and communities of color in King County already bear the brunt of negative health outcomes from exposure to the burning of fossil fuels and this will only be exacerbated with the deepening climate crisis” said Matt Remle, co-founder of Mazaska Talks. “The first step in addressing the climate crisis is by not making it worse. With today’s vote, King County is showing that all communities deserve clean air, water, neighborhoods and futures.”
How a Blue New Deal charts a course for a sustainable sea change (Bill M.)
The Ocean Climate Action Plan (OCAP), produced by the Center for the Blue Economy at the Middlebury Institute and the nonprofit Blue Frontier, aims to fill the shortcomings of the Green New Deal, offering a four-part set of policy recommendations that, it says, “contains both conservative and liberal economic philosophies that are mutually reinforcing.”
There’s a pool of insights for companies, too.
Small crustacean can fragment microplastics in four days, study finds (tmn)
“When I started studying this three years ago, it sounded so crazy that such small animals could be fragmenting plastics but our research shows that plastic fragments comprised nearly 66% of all observed microplastic particles accumulated in the guts of these animals.”
Mateos-Cárdenas used spherical microbeads of polyethylene, the common polymer found in plastic bottles. Each microbead had been tagged with a fluorescent dye so ingestion and fragmentation could be tracked using a microscope.
Click to read the PM Daily Market Commentary
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the “3 Es.”
The post Daily Digest 7/31 – Good News Friday: A Blue New Deal For The Ocean, Three Steps To Consider For A More Pre-Pandemic Normal appeared first on Peak Prosperity.
Here is more fuel to turbocharge the secular bull market in gold.
The post Here Is More Fuel To Turbocharge The Gold Bull Market appeared first on King World News.
Donald Trump suggests delay to 2020 US presidential election (Sparky1)
Under the US constitution, Mr Trump does not have the authority to postpone the election himself. Any delay would have to be approved by Congress. The president does not have direct power over the two houses of Congress.
In a series of tweets, Mr Trump said “universal mail-in voting” would make November’s vote the “most inaccurate and fraudulent election in history” and a “great embarrassment to the USA”.
Amazon Told Police It Has Partnered With 200 Law Enforcement Agencies (000)
The officer who sent the email told Motherboard that the email was a transcribed version of handwritten notes that he took during a team webinar with a Ring representative on April 9. Additional emails obtained by Motherboard indicate that this webinar trained officers on how to use the “Law Enforcement Neighborhood Portal.” This portal allows local police to see a map with the approximate locations of all Ring cameras in a neighborhood, and request footage directly from camera owners. Owners need to consent, but police do not need a warrant to ask for footage.
‘A lot of people said it’s a fake issue’: Trump confirms he didn’t raise Russian bounties with Putin (tmn)
Powell criticized the media’s initial reaction to the bounty story earlier this month, telling MSNBC that “our military commanders on the ground did not think that it was as serious a problem as the newspapers were reporting and television was reporting.”
Forecasting Intelligence: A Pregnant Pause (James W.)
In regard to the markets, I’m expecting a healthy correction soon in the stock markets as the perfect V shaped recovery priced in doesn’t match with economic reality. However, a surge in equity markets later on this year, assuming the Covid outbreak fades in the United States, the economy continues recovering and continued money printing looks likely.
Crypto markets also look bullish, with bitcoin breaking out of a key resistance level at $10.5k along with other quality altcoins being adopted in the real world.
Concentration camps and forced labor: China’s repression of the Uighurs, explained (tmn)
Jewher’s father was targeted by the Chinese government for his advocacy of Uighur rights. But in recent years, the Chinese Communist Party has arbitrarily detained between 1 million and 3 million other Uighurs in so-called “reeducation centers” and forced them to undergo psychological indoctrination programs, such as studying communist propaganda and giving thanks to Chinese President Xi Jinping. Chinese officials have also reportedly used waterboarding and other forms of torture, including sexual abuse, as part of the indoctrination process.
The Latest: U.S. death toll from coronavirus hit 150,000 (tmn)
The bleak milestone comes amid signs that the nation’s outbreak is beginning to stabilize in the Sun Belt but heating up in the Midwest, fueled largely by young adults who are hitting bars, restaurants and gyms again.
The surge has been accompanied by a burgeoning outbreak of misinformation and conspiracy theories about supposed cures and the effectiveness of masks.
Fauci Recommends Wearing Goggles or Eye Shields to Protect against Coronavirus (Sparky1)
While the Centers for Disease Control and Prevention already recommends wearing a face mask that covers the nose and mouth in public, the virus can also enter through the eyes.
“If you really want to be complete, you should probably use it if you can,” he said, noting that the reason eyewear hasn’t been recommended yet is “it’s so easy for people to just make a cloth mask.”
Although SARS-CoV-2 RNA shedding in respiratory and stool can be prolonged, duration of viable virus is relatively short-lived. Thus, detection of viral RNA cannot be used to infer infectiousness. High SARS-CoV-2 titres are detectable in the first week of illness with an early peak observed at symptom onset to day 5 of illness. This review underscores the importance of early case finding and isolation, as well as public education on the spectrum of illness. However, given potential delays in the isolation of patients, effective containment of SARS-CoV-2 may be challenging even with an early detection and isolation strategy.
Profiting from panic: the bizarre bogus cures and scams of the coronavirus era (000)
Myriad other medications have been recommended as treatments for COVID-19. In Italy, a pharmacist claimed that Avigan, an antiviral medication, was being used in Japan as a cure and accused Italian pharmaceutical companies of concealing the potential treatment for profit reasons. This claim was debunked based on the drug’s limited success. In other countries a wide range of unsubstantiated treatments have been promoted, including: the antiseptic Betadine (Tunisia) and even supposedly antibiotic aspirin (Philippines and Germany). The final claim is ludicrous on two fronts: COVID-19 is a viral disease, not a bacterial illness treatable by antibiotics, and aspirin, of course, is not an antibiotic. Yet, in India, aspirin mixed with home remedy ingredients such as lemon juice and honey has been hailed as a cure in a set of viral WhatsApp and Facebook messages.
The Danger of Censoring Doctors (yogmonster)
Today is a different show than I usually do. Yesterday a group of doctors called America’s Frontline Doctors courageously told the truth about hydroxychloroquine in a series of videos. The most powerful video they released in my opinion was then banned by YouTube, Facebook and Twitter. Following that their website was taken down by Square Space and the establishment is now going into character assassination mode on all of them.
Jordan ‘rotten meat’: Child dies and 800 poisoned near Amman (Sparky1)
As of Wednesday four people were in intensive care and 321 remained in hospital in a stable condition, Health Minister Saad Jaber said.
“All those affected said they had eaten meals from the same restaurant,” he was quoted by the AFP news agency as saying.
Zimbabwe signs $3.5 billion deal to compensate white farmers (Sparky1)
Economists agree that the Zimbabwean government, cash strapped after years of hyper-inflation and allegations of mismanagement, cannot afford to make the compensation.
In a statement, the Finance Ministry said that they will be issuing long term bonds and that the parties will approach international donors to try and raise the funds.
Click to read the PM Daily Market Commentary
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."
The post Daily Digest 7/30 – U.S. Coronavirus Death Toll Reaches 150,000, China’s Repression of the Uighurs, Explained appeared first on Peak Prosperity.
Peak Prosperity publishes ALERTs very rarely, and only when my co-founder Chris Martenson and I are concerned enough to take personal action.
On May 8, I released an ALERT informing our premium subscribers that, concerned by the ramifications of the global central banks’ response to the coronavirus, I was moving a material percentage of my portfolio’s cash reserves into precious metals, notably into silver as the gold/silver ratio then of 110:1 remained near a record high.
Since the issuance of that ALERT, gold has broken above it’s previous all-time high price, moving up 14%, from $1,717/oz to $1,950/oz.
And silver has performed strikingly better: rising over 55% from $15.75/oz to $24.50/oz. As anticipated, the gold/silver ratio has fallen nearly 30% to 80:1.
However, much more important than this near-term pop in the precious metals is their outlook going forward.
We’ve been writing for years here at PeakProsperity.com about gold and silver’s extreme undervaluation given the risks we’re facing in our monetary and financial systems. And yet, for years, the metals languished as capital flowed eagerly into “paper wealth”, fueled by central bank liquidity, record low interest rates, and a rampant increase in debt and deficits.
Back in 2017, Grant Williams famously and correctly nailed the neglected state of the precious metals in his prescient work, Nobody Cares.
A year ago, as gold managed to break above it’s longtime ceiling of $1,350/oz, we began loudly alerting our readers that the years of neglect were finally over. That, indeed, investors were beginning to “care” again.
Fast forward to where we are today, a pandemic and +$5 trillion in global central bank liquidity later, and now it’s seeming that suddenly Everybody Cares about the precious metals.
Gold’s — and silver’s — time has arrived. Precious metals are finally back in a secular bull market.
Key questions to address at this moment are:
More currency = inflation. Milton Friedman famously and correctly stated: “Inflation is always and everywhere a monetary act”.
Well, since March 1, the US Congress has already approved nearly $3 trillion in legislation (with another $1-3 trillion on the way, depending on which political party’s plan gets passed). And the Federal Reserve has already expanded its balance sheet by over $2.5 trillion, with forecasts of another $2+ trillion being added later this year:
And that’s just the US. The rest of the world is following suit:
Billionaire seasoned investors like Paul Singer, Ray Dalio, and Paul Tudor Jones are now raising loud concerns about the diminishment in purchasing power all of these new freshly-printed trillions will have on national fiat currencies. When big dogs like these, who have feasted on and benefitted magnificently by the status quo over the past decade, fret about about the central banks “printing too much”, you know it’s time to worry.
In today’s environment of zero-to-negative interest rates, big financial institutions and pension funds aren’t able to get a meaningful return on the bonds the hold in their portfolios:
The absence of yield is forcing portfolio managers to diversify into gold. While gold also has no yield, it offers a hedge against today’s extreme valuations in equity and bond prices, as well as powerful purchasing power protection:
Gold’s Record Rally Fuelled by Unlikely Buyers (Bloomberg)
July 29, 2020
“Safe government bonds have always played a very important role as a portfolio diversifier and will continue to be, but we have to recognize that their potency is diminishing due to the low absolute level of yields,” said Geraldine Sundstrom, who focuses on asset allocation strategies for Pacific Investment Management Co. in London.
“We need to diversify our diversifier and look for safe haven beyond government bonds. Given Pimco’s view that rates will be kept very low for years to come causing depressed levels of real yield, gold feels like an appropriate diversifier,” she said.
Pimco, which manages $1.9 trillion in assets, is far from alone. In a May note, Citigroup Inc. cited “new non-traditional investors in bullion, including insurance companies and pension funds” as part of the fuel behind the rally.
As we’ve been educating readers about for year, it’s very important to note that gold — and especially silver — is extremely underowned as an asset class even though the investable markets for the metals are much smaller than many realize. It will only take a small percentage of the world’s capital to shift from stocks and bonds into the metals to send their prices soaring much higher:
“There has definitely been more widespread institutional ownership of gold than in previous rallies,” says John Reade, chief market strategist at the World Gold Council. “Gold’s in the conversation now with much more investors than it was 10 or 20 years ago.”
Even so, gold ownership among the professional class is viewed to be low. The total value of investor positions in gold futures and exchange-traded funds is equivalent to just 0.6% of the $40 trillion in global funds, according to UBS Group AG strategist Joni Teves. That position could easily double without the allocation looking extreme, she wrote in a note.
Reade, who previously worked at hedge fund Paulson & Co., reckons no more than one in five institutional investors has an allocation to gold.
The world’s privately-held gold bullion amounts to $2.5 trillion, with much of it tightly held by investors not looking to sell anytime soon. If just a few of the large institutional funds not currently invested in gold decide to start accumulating, gold will quickly become known as “unaffordium” (hat tip to GoldSilver.com’s Mike Maloney).
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(Source)
So caution is calling us to expect a short-term price correction in gold and silver before we expect to see new record highs later on.
Jeff Clark, senior precious metals analyst at GoldSilver.com, estimates that we are only entering the second inning of this new secular bull market. “The really big gains still lie ahead”, he predicts. (you can hear a lot more from Jeff in this video, recorded today)
So, what should regular investors like you be considering at this moment?
Here are our recommendations, though it’s important that we make it absolutely clear this not personal financial advice. As always, we recommend working with a professional financial adviser to build an investment plan customized to your own needs and objectives. (If you do not have a financial advisor or do not feel comfortable with your current advisor’s expertise with gold or the market risks we discuss here at PeakProsperity.com, consider scheduling a free consultation with our endorsed advisor)
All right, with that important caveat out of the way, here are the steps we think worth seriously considering:
If you don’t own any, then buy some now, whatever today’s prices are.
Precious metals first and foremost are insurance against financial/monetary crisis. Just as you wouldn’t drive your car without auto insurance, you don’t want to neglect adding this crisis insurance to your investment portfolio.
So get your initial precious metals position in place now. And start sleeping better knowing you’ve got that protection in place.
For guidance on where to purchase bullion (we particularly like the Hard Assets Alliance and its metal storage solutions), what form to own it in, and where to keep it, read our free Primer On How To Buy And Store Gold & Silver.
If you already hold gold and silver in your portfolio, pat yourself on the back. You’ve likely enjoyed watching the recent price run-up.
Here are the steps we recommend you consider now:
2020 has proven to be a year unlike any other. It has shaken our confidence in our economic, financial, political and social systems — proving them to be a lot less stable than we’d previously assumed.
Gold’s re-pricing is reflecting that realization. The big question is: How much more uncertainty remains ahead?
The financial markets remain ridiculously overvalued. The Federal Reserve and the world’s other central banks are hell-bent on continuing to print more $trillions. In the US alone, tens of millions of households have lost their income, while daily deaths from the coronavirus continue to hit records on a daily basis. The upcoming US presidential election is certain to be hotly-contested, should it even happen.
The reality is that the future is packed full of uncertainty. And more uncertainty will drive the price of gold, and silver, higher. Likey much higher — as Jeff Clark reminds us we’re still in the early innings here.
Use the time now to get smartly positioned.
The post Gold’s (And Silver’s!) Time Has Arrived appeared first on Peak Prosperity.
With the gold market taking the world by surprise this year hitting a new all-time high close to $2,000 before pulling back, one of the most important interviews of 2020 has just been released with Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets.
The post ONE OF THE MOST IMPORTANT INTERVIEWS OF 2020: Michael Oliver – No Correction For Gold Until At Least $2,100, Gold Price To Hit $2,600-$2,900 By End Of Year appeared first on King World News.
from Financial Survival Network
Lobo Tigre (or Louis James, as you might know him) was Doug Casey’s protégé at Casey Research for almost 14 years, until early 2018. He joined the Casey team in 2004. By 2007, he was writing and making investment recommendations in Casey’s flagship newsletter, the International Speculator. Now he brings his experience, his connections and his deal flow directly to you, without the barrage of marketing hype used by larger publishers.
He is here to inform, educate, and enable action for an elite group of savvy investors — and those who wish to become such. His goal is to achieve extraordinary gains for investors and those willing and able to take the risks and apply the discipline needed to speculate successfully.
Click Here to Listen to the Audio
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from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends. Today we discuss:
1. Everything is getting killed today on low volume. Trump Tweet about delaying the elections. This week’s Initial claims report increased by 12,000 to 1.434 million. The four-week moving average for initial claims increased by 6,500 to 1,368,500. We were up after a Fed announcement and there’s often a decline the day after. Q2 GDP was -32.9% vs -35.0%. While this is a very bad number if the economy can continue to open up it should dramatically improve in Q3 and Q4.
2. Tonight after the close we will get the earnings from Apple (AAPL), Amazon (AMZN), Alphabet (GOOG), and Facebook (FB). This is going to be highly anticipated by all market participants. This is going to be interesting since these tech giants were just on Capitol Hill testifying in front of a Congressional panel. Many people in Washington want these tech stocks to be broken up.
3. Pullback in gold and silver. It was overdue. Gold made a new high in the futuress and spot and then pulled back. Setting up the stage for higher prices down the road. Miners down 3.5%. Silver is down 4%. Weak hands always chase things at the high. Just leave them alone. FOMO should never be allowed to rule. You’re always going to have another opportunity to get back in.
4. Market has been trading sideways since June 8. There’s a time to be a bear, there’s a time to be a bull.
5. Listener email about RobinHood. Mark F signed up and got a free share of SiriusXm stock. We weren’t advertising them but here we are.
For more info, go to www.InTheMoneyStocks.com.
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On the heels of the Dow tumbling more than 500, RobinHood madness strikes again, plus the war in silver and a look at what just happened in the mining sector.
The post RobinHood Madness Strikes Again, War In Silver, Plus Look What Just Happened In The Mining Sector appeared first on King World News.
July 30 (King World News) – At this point, this says it all… MASSIVE GOLD STOCK BULL MARKET AHEAD: Look How Radically Undervalued Gold Miners Are Compared To The Price
The post GOLD: At This Point, This Says It All… appeared first on King World News.
The post Off The Cuff: Capitalism Is Gone appeared first on Peak Prosperity.
On the heels of the Fed decision and subsequent surge in the gold price, today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned investors to brace for major volatility because the price of gold will eventually move hundreds of dollars in a single trading day.
The post BUCKLE UP: Greyerz – Price Of Gold Will Eventually Move Hundreds Of Dollars In A Single Trading Day appeared first on King World News.
The price of gold is spiking toward the $2,000 level post-Fed decision, but here is the really big surprise.
The post Gold Spiking Toward $2,000 Post-Fed Decision, But Here Is The Really Big Surprise appeared first on King World News.
With all eyes on the Fed Meeting, the harsh reality is bullion banks may be forced to push the gold price even higher. Here's why...
The post FOMC DECISION: Bullion Banks May Be Forced To Push The Gold Price Even Higher appeared first on King World News.
from Financial Survival Network
We sat down with mining legend Ross Beaty. After 15 winning companies, why is he still at it? The simple reason, because it’s fun. All the financial success, company building, creating opportunities for others and returning billions in profits to investors is okay, but in the end it all boils down to personal satisfaction and just plain fun. Perhaps Ross’s idea of fun is a little more sublime than teens playing video games, obviously the stakes are higher and the rewards greater. But we came away believing that in the end Ross has achieved a certain level of personal satisfaction and enjoyment that has kept him going to the office all these years.
Ross says that Equinox Gold will be his last venture. He started with Equinox and it’s fitting to end with it. He will then dedicate himself to giving away his vast fortune to various causes, centered on ecological and sustainability. We wonder if it will be more fun giving it away than it was making it in the first place. Time will tell.
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from Financial Survival Network
According to Chris Vermeulen Gold will be in the 1967-2000 in the next week or so. Then a pause and pullback. Silver is leading the way. It will hit the $100 mark within a year. Silver will have the biggest financial gain. Next upside target is $44. Currently at a fibonacci number which is resistance. Bitcoin sold off with the crash and has now recovered and ready for a breakout. Chart is pointing to $14000, with quite a way to go on the upside. Especially now that the dollar is sliding. Stocks Bad news is good news for stocks. Chris thinks market is on its last leg. Everything right now is pointing to a decline. Less and less stocks are leading. The exect same set up as in February. When things are screaming this loud, you have to pay attention. Put call ratio in dangerous territory. Huge sidways move or a major bear market decline. If things get worse more stimulous and higher stocker. We’re at maximum risk. Dollar will be under pressure for a while. If there’s market panic, the dollar will rally. The same should happen, which will top off metals and miners. This time around there’s way more stimulous. Interest rates are low and locked in and no longer a free market. Not good the USD. Quite a bit of upside in bonds. There’s a limit to how much they can move under the circumstances. Crude is looking good as a short play. It’s losing momentum. It’s on the verge of a drop, on economic weakness. $44 and then a reversal to the downside. Let’s see if jobless claims rising. We have to wait for the pattern set up. Lot’s more in this extensive interview.
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from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends. Today we discuss:
1. This afternoon at 2pm ET, the Federal Open Market Committee (FOMC) will make their interest rate policy decision for the United States. They are already doing QE unlimited so I do not expect them to make any changes there. Sometimes the verbiage by the central bank can move markets. So we will need to watch for that. What else can they do? Their verbiage could move markets. It will be followed by Jay Powell presser. It’s just noise in the short term. We’re no longer in the Greenspan Era. The Fed pretty much tells you what they’re doing. You can’t fight the Fed.
2. Yesterday, the markets sold off into the close and today they are trading higher. No major breakdowns yesterday. At this time, I would just expect more choppy action in an overall uptrend. Remember, tomorrow the mega-cap tech stocks report earnings. Apple, Google (Alphabet), and Amazon are scheduled to report tomorrow after the close. June 8 highs are holding. Easy money has been made. We had a huge run from the March lows.
3. Gold and silver might be pulling back today. Mining stocks are overbought. Gold futures are up while spot is down. Miners are selling off, down 2%. A pullback is probable, but not necessarily inevitable. We could just go sideways which will lead to a major bullish buying opportunity. Summer has become a strong season for precious metals, which could be an indication of some change in the underlying markets.
4. Put to Call ratio, super bearish. Volume has been anemic. Spydr volume is way down. When the volume is light, there’s an upside bias. When volume surges, look out for distribution.
For more info, go to www.InTheMoneyStocks.com.
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$600 Unemployment: What Happens When a Stimulus Lifeline Ends (tmn)
Depending on income and where someone lives, regular unemployment benefits replace only a portion of lost wages. The lower-income workers who were benefiting the most from the $600 lifeline will feel its loss most acutely.
Lebanon becomes 1st country in Middle East and North Africa to enter hyperinflation (Sparky1)
The Lebanese rely heavily on imports, which constitute 60% of consumed goods, according to Lebanese economist Roy Badaro. Because of the very high correlation between importation and consumption, the spike in the exchange rate to the dollar then translates into a massive increase in retail prices. Clothing and footwear items alone have seen a 345% annual rise in prices, according to Credit Libanais’ latest report. In addition, the lockdown measures taken to tackle the coronavirus pandemic, resulting in the shutdowns of small businesses and massive layoffs, has pushed the country to the brink.
For other defendants, the restricted area is limited to Portland, where clashes between protesters and federal troops have grown increasingly violent in recent weeks. In at least two cases, there are no geographic restrictions; one release document instructs, “Do not participate in any protests, demonstrations, rallies, assemblies while this case is pending.”
Protesters who have agreed to stay away from further demonstrations say they felt forced to accept those terms to get out of jail.
Armed Minneapolis Residents Are Patrolling Their Own Neighborhoods As City Moves To Defund Police (thc0655)
Gun crime across the city has surged in the past two months to historic highs. Already, the number of victims from gun violence in the city has topped the annual totals for eight of the past 10 years. The large majority of victims, over 80%, are black, according to police data.
The Minneapolis city council took the first concrete step toward defunding its police department on Friday, cutting $1.5 million from the department’s budget. The council voted unanimously in June on a resolution calling for the police department to be abolished.
Six U.S. states see record COVID-19 deaths, Latinos hit hard in California (tmn)
California health officials said Latinos, who make up just over a third of the most populous U.S. state, account for 56% of COVID-19 infections and 46% of deaths. Cases are soaring in the Central Valley agricultural region, with its heavily Latino population, overwhelming hospitals. The state on Tuesday reported 171 deaths.
Florida saw 191 coronavirus deaths in the prior 24 hours, the state health department said.
Nonsense from the WSJ on Gold vs the Dollar (thc0655)
Money does not “slip away”. It is impossible for money to flow out of stocks into gold or bonds or from bonds to stocks or any other combination.
An individual can choose to dump stocks for gold but in aggregate, for every buyer there is a seller so there is no net flow. Rather there are repricing events.
The Nation Is Falling Into the Abyss Between Wall Street And Main Street (Don R.)
The hidden toxin in financialization is the resulting concentration of wealth can buy concentrations of political power. Financialization is thus self-perpetuating: once the skimming operations generate billions of dollars in profit, it only takes a relatively small piece of these profits to buy/influence the political class. Once the politicos are in your pocket, the regulators and judiciary fall into line or are marginalized by new statutes or gutted budgets.
COVID-19 Is Pushing a Quarter of the Arab World to Poverty, UN Warns (Merle2)
“With millions more pushed down the economic ladder, fully one-quarter of the Arab population may live in poverty,” said Guterres. “In a region already rife with tensions and inequalities, this will have profound consequences on political and social stability.”
How the Navajo Nation slowed one of the worst Covid-19 outbreaks in the US (tmn)
The Navajo Nation (Dine’é in Navajo language) spans Utah, Arizona, and New Mexico, and with over 300,000 members, it’s the largest tribe in the United States. Despite having an infection rate higher than New York City this spring, the Navajo Nation — under the leadership of its President Jonathan Nez — has since successfully flattened its curve. Daily new cases have fallen from a high of 240 in May to 54 on July 26.
Sources: Four more Marlins test positive for coronavirus; total at 17 (tmn)
The Marlins placed infielder Garrett Cooper, outfielder Harold Ramirez and right-hander Jose Urena on the injured list. They claimed right-hander Justin Shafer and left-hander Josh Smith off waivers from Cincinnati, and they will likely rely heavily on reinforcements from their training camp in Jupiter, Florida.
MLB commissioner Rob Manfred told MLB Network on Monday that there are factors that would force MLB to alter plans.
Record Volumes Of Cheap U.S. Crude Oil Are Headed To Asia (Michael S.)
Despite the expected record imports of U.S. crude in July, China is nowhere near achieving its target for energy purchases from the United States under the Phase 1 trade deal, and with oil prices double compared to April and demand still weak in Asia, the Chinese buying spree – including of U.S. oil – may be coming to an end.
What the heroin industry can teach us about solar power (tmn)
I was in a military helicopter thundering over the lush poppy fields of the Helmand valley in Afghanistan when I spotted the first solar panel.
You’ve heard of Helmand. It is the most dangerous province in Afghanistan.
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The post Daily Digest 7/29 – What Happens When $600 Weekly Stimulus Ends, Record Volumes Of Cheap U.S. Crude Headed To Asia appeared first on Peak Prosperity.
With many investors around the world focused on today's Fed Meeting, look at what just hit an all-time high, plus look at this major driver of gold's rally.
The post Look At What Just Hit An All-Time High, Plus Look At This Major Driver Of Gold’s Rally appeared first on King World News.
Could this really happen? Will the gold market see a historic and massive short squeeze? July 28 (King World News) – Here is a portion of a fantastic article from
The post Could This Really Happen? Will The Gold Market See A Historic And Massive Short Squeeze? appeared first on King World News.
On the heels of some wild overseas trading, look at what is about to fuel the next leg higher in gold and silver.
The post Look At What Is About To Fuel The Next Leg Higher In Gold & Silver appeared first on King World News.
from Financial Survival Network
John Rubino returns… Gold hits all-time record. Silver hits $26. Should you buy more or take profilts?
Everyone is giving up. Portland is a ghost town, because the riots are out of control. Seattle’s police are hamstrung (police chief wrote an open letter to businesses telling them that they’re on their own). Pandemic rules are increasingly random and frequently ignored. It’s like everyone just decided to accept the new normal.
Would a stock market crash derail the gold/silver bull market? The clean tech boom is huge for silver. In electric cars: “The majority of electrical connections in a car use silver-coated contacts—silver switches are used to start the engine, control electric seats, and open/close electric windows. Silver is also used in heated seats, window defoggers, and most luminescent displays.”
Smithsonian report on “whiteness” concludes that clocks and logical thought are tools of white supremacy. Matt Taibbi’s latest article claims that the left has replaced the right as the home of authoritarian morons.
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from Financial Survival Network
Frank Vernuccio is back… In a nation ruled by the people, the media and educators play a vital role. Voters need unbiased reporting. and the historic knowledge to place news into context. That reality makes the leftist bias of most news, academic, and entertainment outlets deeply troubling. It’s not just bias that is disturbing. Major stories that do not fit in with progressive views are frequently ignored. Presidential candidate Joe Biden’s recent bizarre statement that blacks who vote Republican aren’t really black is a prime example. The media didn’t make much of the comment, despite the fact that both the historic and current record of the Democratic Party is hardly conducive to black interests. It’s hardly mentioned that it is the party that started a Civil War to protect slavery, then pursued segregation in the Reconstruction era. It is the party that idolized Margaret Sanger, who staunchly advocated abortion explicitly to reduce the number of black babies being born. Its “Great Society” economic policies, perhaps inadvertently, created economic conditions that delayed blacks from moving into the middle class. An educational system overwhelmingly dominated by Democrats refuses to teach those facts to students. The bias makes reasonable debate politically risky; conservative viewpoints are inevitably portrayed as cruel. Consider the new third rail of political discourse: Those who criticize any spending program produced in the name of COVID, no matter how pointless, ineffective, excessive, corrupt, or even wholly ridiculous, will be castigated as heartless.
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from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends. Today we discuss:
1. Yesterday, the market rallied higher across the board. It seems that when we get a Monday rally the rest of the week will see some backing and filling. Today, the major stock indexes are pulling back a little. Encouraging that we’re not down too much.
2. Earnings season is underway, there are lots of stocks that will be on the radar after reporting earnings. Earlier today, McDonalds (MCD), 3m (MMM), NXP Semiconductor (NXPI) and Martin Marrietta (MLM) reported earnings and are all down today.This is weighing on the markets today.
3. Dollar has been getting crushed recently. Until 3 months ago it started to stall out. We’ll probably go down to 92 and that should be the low. The Fed is printing a lot of money but so are all the other central banks.
4. Gold is up and a new all time high on the futures. Silver down a bit. Nick wouldn’t be a buyer at this point. Silver resistance big one is $26.25, it’s backed off. From 2011 top to the low it made. After this it’s $30.70. When you go up in straight line, you’re going to get a pullback. It’s making these highs from a low.
5. Restaurant sector, McDonalds reported earnings and is down $5. As long as it holds trend it could go higher. 3M reported earnings and has taken a hit.Airlines are up but probably need to pull back a bit more. Lots of negative news about Covid, but if stocks hang in then there could be a big move. Homebuilders are slightly lower. DR Horton reported. This sector is overbought.
For more info, go to www.InTheMoneyStocks.com.
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Today gold and silver are pulling back after a massive surge, but here is the good news.
The post Gold & Silver Pull Back After Massive Surge, But Here Is The Good News appeared first on King World News.
After Delays, Republicans Rolled Out A New Pandemic Relief Bill. Democrats Balked (tmn)
McConnell said the measure would be called the HEALS Act, or the Health, Economic Assistance, Liability Protection and Schools Act. Key committee chairs drafted the various components of the bill and introduced them later Monday in separate speeches on the Senate floor.
McConnell said the bill would include another round of direct payments to Americans in the same amount that was in the CARES Act that Congress passed in March — $1,200 for individuals up to an income cap, with more for families with children.
A troubling pandemic thought: Are THESE the good old days? (tmn)
It imagines a not-too-distant future where we’ll all look back with nostalgia at 2020 as a time when most of us had plenty of food and wine, could get many of the goods and services we needed, and could work from home at jobs that still paid us.
“This could be as good as it gets, so let’s take pleasure in what we have now,” Katherine Tallman, the CEO of the Coolidge Corner Theatre, an indie cinema in Brookline, Massachusetts, told a recent Zoom roundtable.
Ohio’s businesses were all for mask mandates. Then politics got in the way. (TourGuideDC)
The work on face coverings started early in the pandemic. By March 9, when Ohio had its first confirmed case of the coronavirus, Charlie Gallagher, vice president of supply chain and operations, was already focused on stocking up on masks.
Ohio has a large auto manufacturing sector and because of globalization, relies on China for parts and increasingly for customers. Many of those auto plants in China are in Wuhan.
One question still dogs Trump: Why not try harder to solve the coronavirus crisis? (tmn)
Trump’s shortcomings have perplexed even some of his most loyal allies, who increasingly have wondered why the president has not at least pantomimed a sense of command over the crisis or conveyed compassion for the millions of Americans hurt by it.
People close to Trump, many speaking on the condition of anonymity to share candid discussions and impressions, say the president’s inability to wholly address the crisis is due to his almost pathological unwillingness to admit error; a positive feedback loop of overly rosy assessments and data from advisers and Fox News; and a penchant for magical thinking that prevented him from fully engaging with the pandemic.
House Passes Bill To Create Smithsonian American Latino Museum (TourGuideDC)
The list of goals also includes ensuring Latinx representation in the Smithsonian’s workforce. The proportion of people who identify as Latinx working at the Smithsonian, however, does not reflect the fact that Latinos make up nearly a fifth of the U.S. population. In 1994, 2.7% percent of the Smithsonian’s workforce was Latino. In 2018, it was only at 5%, according to the Smithsonian.
Early Monday, U.S. agents repeatedly fired what appeared to be tear gas, flash bangs and pepper balls at protesters outside the federal courthouse in downtown in Portland. Some protesters had climbed over the fence surrounding the courthouse, while others shot fireworks, banged on the fence and projected lights on the building.
President Donald Trump said Monday on Twitter that the federal properties in Portland “wouldn’t last a day” without the presence of the federal agents.
Ballot Condom for Safe Voting (000)
Vote early. In-person when no one’s around, weekdays if possible. Then, if they jacked with your registration, you may have time to fight. But beware “Souls to the Polls” Sunday: in states like Ohio, the lines will be hours long as the vote thieves launch their new weapons to block voters of color. If you are a voter of color or under 35, don’t forget to take along photo ID and an experienced attorney.
Three things every kid should learn about debt (Phil D.)
Our very system of money needs your kids to take on debt. It doesn’t care if they do it well or not, just as long as they slop at the trough, sucking down borrowed funds with the rest of the peanut gallery. So, what’s a parent to do?
Make sure your kids know these three things well, to preserve the spices of youth sprinkled generously in their path – spontaneity, freedom, opportunity, and contentment, setting the stage for their own American Dream (should they want it), marriage, home ownership, children, and a white picket fence.
How Police Unions Fight Reform (tmn)
Police unions enjoy a political paradox. Conservatives traditionally abhor labor unions but support the police. The left is critical of aggressive policing, yet has often muted its criticism of police unions—which are, after all, public-sector unions, an endangered and mostly progressive species.
Offshore wind in Europe won’t need subsidies much longer (jdargis)
To break this down, the researchers took each project’s public bid along with the rules of that country’s auction and calculated revenue against monthly market prices for a 25-year lifetime. That does require the use of projected future prices for electricity, but that’s true for traditional calculations for any power plant. At the end, they get an average cost of electricity from each offshore wind farm, as well as the total estimated subsidy. Subsidies are calculated two ways: one for the case where utilities are responsible for building grid infrastructure, and one where countries largely finance the grid.
States are warning people about suspicious packages of seeds that appear to be from China (tmn)
It’s unclear who exactly is sending these packages, why they’re being distributed and whether the seeds are actually harmful. The department asked that anyone who has received this type of package in the mail contact the Office of Plant Industry Services.
Agriculture departments in Kansas, Kentucky, Ohio, South Carolina and Washington state are among state agencies that have issued similar warnings. Departments also cautioned people not to open the sealed packages of seeds and to keep the labeling intact so that officials could investigate.
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Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."
The post Daily Digest 7/28 – How Police Unions Fight Reform, What Every Kid Should Learn About Debt appeared first on Peak Prosperity.
