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Gold is down $30 today because of massive selling on the COMEX on a day when illiquidity abounds. Because the 4th fell on Thursday, making for a four-day weekend, the manipulators took advantage of it. Monday will be a significant day for both gold and stocks as investors reassess their outlooks. The Dow Industrials are
As noted May 22, “the odds are that the Fed will next cut interest rates.” While there have been no rate cuts, Fed Chair Jerome Powell has made statements that indicate rate cuts this year. Also noted: “gold should respond well.”
Currently there is much speculation about whether the Fed will continue quantitative tightening or return to quantitative easing. In 2018, newly appointed Fed Chair Jay Powell indicated that 2019 would see four rate hikes. However, he has since backed off on that forecast.
The video “Why economic collapse never comes” was viewed more than 47,000 times before it was pulled with no explanation givern. In short, it said that economic collapse never comes because of the Establishment’s ability to create money out of thin air. True, the Fed’s ability to create money can forestall economic declines, but the
A reward of €200,000 is being offered for evidence that leads to winning a lawsuit against Deutsche Bank, which allegedly colluded with two other banks in the manipulation of the futures market price of silver in 2012 and 2013. The bank has its headquarters in Frankfort, Germany, is the 17th largest bank in the world
Excesses are signs of economic tops. They readily appear in stocks, real estate, and art. If inflation is running amuck, gold and silver can see excesses. Right now, though, we can be certain that there are no excesses in the metals.
Listening to analysts and economists who are frequent guests on financial programs, you might conclude that higher interest rates — which the Fed is imposing — will be good for the economy. No, they won’t.
Last week Germany’s central bank pompously announced that it had completed its repatriation of $31 billion in gold from Paris and New York, ridiculing earlier speculation that the gold had somehow been compromised. A widely circulated theory was that Germany’s gold had been borrowed by bullion houses and delivered against futures contracts that were sold
At CMI Gold & Silver Inc. we believe that central bank activity is driving the markets — the metals and the stocks. Expectations of loose money mean higher metals prices (in anticipation of increased rates of inflation) and higher stock prices (in hopes that the stimulus will fillip the economy). As for the latter, there
