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Record central bank gold buying in the first nine months of this year. I'm betting the buying spree continues through 2023 and into next year.
A very telling trend.
https://www.marketwatch.com/story/global-central-bank-gold-purchases-reach-a-record-high-for-the-first-9-months-of-the-year-603fd29d?mod=home-page
The Author of the article speaking to the Cantillon effect is spot on and we're seeing that happen in a very big way right now. The rich get richer and the poor get poorer. Maybe instead of the next French Revolution we see an American Revolution?
I'm beginning to wonder if the Banksters aren't planning the next Great Depression to quell the inflation that they'll ultimately create to save all this insolvency.
They've created a total cluster-fuck, but we know they're asses will be covered when all is said and done.
The Banksters have to create some sort of program to "bail-out" these insolvent banks, so the BFTB was the latest version of that. As George explained that program will expire on March 11th of 2024, which he also noted if they didn't keep it going or create another bail-out scam that would be the reason we could.
see a series of bank failures. His reasoning for them letting some banks fail was that would be very deflationary and most likely solve the still high inflation problem.
That makes some sense to me, but how would they contriol which banks fail and which don't?
If You listen very closely at the end of the vid he says he doesn't see them NOT bailing out the insolvent banks in the next round of defaults.
I have no clue what Jamie Dimon's plans are. He probably wants J. Powell's job. Good luck with that.
Very good George Gammon vid of what could happen in March 2024. Great food for thought.
Note: At the very end of the vid he mentions Jamie Dimon unloading his 1 million shares of JPM bank.
I think all these wars currently happening and those that could come in the not-too-distant future have a common denominator and that's China. Both Russia and Iran are Chinese allies and also the two countries behind the wars that now are raging. We know China has their back because they
have all but said they did. This alliance is reminiscent of sides that were taken in WWI and WWII. The Players were different, but the goals are the same. A new Sheriff in town. A new world order.
As the article I posted said 70% of the rest of the world's countries were present at China's "Belt and Road" conference last week. They didn't invite just anyone to the party, just the countries they deemed friendly to them, so that left out the U.S. and any of their allies. It's really easy to see where this is headed.
I believe China is aligning themselves in most part with the under-developed, emerging market, commodity (oil) rich countries of the world. China's plan is to get those countries on their side and leech off of their resources as they have been for years now. I believe most of the countries that are aligning themselves with China see this as an opportunity to get out from under the dollar-based hegemony system that's weighed so heavily on them for decades. Add to that decades more debt accumulation and the friction that ultimately brings and what we have is a world in disorder and wars popping up everywhere. IMO Xi and Putin are the main behind the scene, instigators.
I see this story as going to end up being the U.S. vs China in some sort of ugly end game. How long it takes to play out and what the final outcome will be is for history to decide, but before it all gets hashed out I think it gets much worse before we see any blue sky ahead of us.
That's in most part why I like PM's and tangible assets as investments going forward.
The article said it was around 12% of his overall holdings. IMO fairly significant. $140 million worth of stock. Jamie's a billionaire, so not a lot for him. I suspect he didn't want to sell too many shares as to alarm the lemmings into dumping their stock.
Dementia Joe thinks we have the money to defend EVERYBODY. This is by far the biggest problem for the U.S., we're broke and still have the idea we aren't. The Government is the last entity to come to grips with it. IMO the citizens of this country are finally starting to realize it.
Those that aren't in tune will be the people hurt the most.
Yeah, Joe wants to get back to the beach and have one of his handlers stick an ice cream cone into his face, then of course finish his day off with a looonnnngggg nap. ZZZZZZZZZ
LOL
I didn't hear anything about this happening on MSM.
https://www.zerohedge.com/geopolitical/pay-no-attention-country-behind-curtain
It states in the article that Dimon and his family own about 8.6 million shares of JPM bank, so he still holds plenty of shares, but IMO the timing of this sale is telling. Dimon claimed it was a "planned" sale, but we know what that means. He planned to sell BEFORE the bottom falls out of the shares.
This sale along with his demeaning Fed comments portends a market drop to me. We'll see what happens.
Check this out. Remember last week Jamie Dimon aka Big Shot Banker, was bashing his buddies at the Fed for constantly fucking up their calls. Well, there's no disputing that, but just after Jamie laid the law down he cashed out of 1 million shares of JP Morgan Bank. LOL
Not very surprising is it.
IMO Jamie's signaling rough sledding ahead.
https://www.zerohedge.com/markets/jpm-ceo-dimon-dumps-140-million-shares-after-slamming-fed-forecasts
Are we finally headed to all time highs in gold? Gawd, I hope so. The wait has been waaaaaay too long.
There seem to be various Black Swan events that could put us over the top.
https://www.zerohedge.com/markets/gold-government-debt-global-conflict
FYI, I was sent an email about if I wanted to participate in this offering. LOL
I guess they're scraping out the bottom of the barrel to find more folks to step up.
Not sure what the minimum share buy in requirements are, but I don't think we can set in stone
that our share price has bottomed just yet. I'm going to have to keep my powder dry until this
market shakes out.
I couldn't agree with Mr. Cooperman more. This is what's being taught now in our schools.
https://www.zerohedge.com/political/these-kids-have-sht-brains-billionaire-leon-cooperman-slams-columbia-protesters-halts
Yeah, I saw it. Figured they would have to do another offering before year end and here it is.
Man, this breakout higher in the gold price can't get here fast enough. It seems like this price action has gone on forever.
Yes, as I've said here before, Trudope is a concern to me for my FMG investment. I wouldn't put it past him to do anything he deems necessary to save his ass.
That could mean nationalizing any or all industries in Canada.
Educational indoctrination is a great way of putting it. The Woke Crowd thinks this country's founding Fathers and ideals, like the Constitution, are illegitimate and frauds. While no government is perfect, we know our government is one of most important ever formed in the history of man. From what I hear now that's not being taught in school's anymore.
Last week when all of the students from these left-wing thinking colleges were protesting what was going on in the Middle East many of the large money donars have pulled any donations to these schools. They were appalled by what they saw and heard, but most, just like parents, have no clue as to what is being taught to these kids in schools or universities.
I heard on Fox just yesterday someone said the top 40 universities in this country have NO conserve professors teaching at them. Zero.
That's disturbing on a grand scale. Basically, the people teaching in these schools are indoctrinating kids to a left-wing ideology.
We know that ideology runs parallel with the Globalist agenda. With that in mind, it's easy to see why these people act as they do..
I believe China, Russia, Iran, North Korea, and any other bad actors I missed to be collaborating together on these war moves we're currently seeing.
They know if enough wars are going on at once that the U.S. can't handle them all, financially or logistically. That logic makes perfect sense to me.
I still believe China has to want to make a move into Taiwan while Dementia Joe is still in office. I believe they want to do that because they know Biden will NOT attack or retaliate militarily if they do so. They own Biden, so that's a pretty safe bet and in the meantime the Ukraine and Middle East
wars are draining the bank as a further deterrent If Iran would further inflame what's going on in the Middle East now and escalate things there we know that's their plan.
As far as hyperinflation coming along that could take more time than you might expect. The Banksters say they want to keep rates higher for longer, but that's just talk IMO. The stock market looks to me to be rolling over now because all of the "glass half full" pundits are now seeing recession coming. When the Jamie Dimon's, Ray Dalio's, and Jeff Gunlach's of the world start talking the Street listens. So, when at some point the Fed will flip and begin lowering rates again, that will kick in the money printing and bring hyperinflation back into the picture, but just like when they raised rates it takes time for the money printing to kick into the economy.
Of course, there will also be more money printing coming from the fiscal (government) spending side, which is also very inflationary, and we know that money will continue to be created in a big way. I think hyperinflation is coming, but there are too many factors we don't know about that would affect when that might happen.
More war spending is certainly a big factor in getting there quicker.
I agree with some of your points, but I certainly don't want to see ANY nuclear wars going on at all. Nobody wins in that scenario.
I still have faith that America and it's core beliefs and values can win the day, but it's going to take a very big turn-around for that to happen.People in this country are going to have to themselves turn it around. Not the Politicians, Hollywood, and certainly not academia. The MSM is a huge part of the problem with their disinformation and have caused irreparable damage.
This country has had it too good for too long and now we're seeing the rest of the world want their piece of the good life that the U.S. in many ways has taken from them since WWII. In the post-war era the rest of the world blindly followed the U.S. as Top Dog and now we see that position waning.
Every great power throughout world history has risen then fallen.
Most of the younger generation in this country aren't proud to be American or could care less about the values this country was founded on. They know nothing about American history, so why would they? Very sad indeed.
Lastly, IMO we've lost our spiritual guidance in this country. People care more about themselves and their possessions than God or their fellow man. Money and power are most Americans goals and what rules people's lives now. That has to change for this country to turn it around. JMO
I agree, I believe this collapse is being done on purpose. Nobody is this stupid, not even as inept as the Idiots in charge currently are. There's a method to their madness. If Dementia Joe had any balls we wouldn't be in any wars currently. He's more interested in an ice cream cone or having his diapers changed.
If Yellen thinks we're good supporting 2 wars, then how does she feel about supporting 4 wars?
Just add in when Taiwan gets invaded by China and to your point about the wide-open border, when all the terrorists that are here now or are on the way decide they want to start their own war on American soil. This is going to be a major disaster when it hits, but the damage has already been done. Nobody has a clue about how many enemy soldiers are here now or more importantly WHERE they are.
IMO China's behind this whole cluster fuck, they know if they drain us of all our money on wars and back their currency with gold (real money) when this fiat money scam is finally revealed then they'll be golden, so to speak and at that point the changing of the guard will be complete. The wheels are in motion right now. God help us.
If China plans on moving on Taiwan in the next year or so then why wouldn't they be unloading their holdings in U.S. treasuries?
The less exposure they have the less the U.S. can sanction them for if they don't like what they do. Makes sense to me.
So, what are they buying with that money? Gold, of course.
https://www.fxempire.com/news/article/is-china-selling-u-s-assets-to-buy-gold-1383099
So, it would appear we have some consensus among the Big-Shot Bankers/Hedge fund managers as to what's coming.
The gold price is sensing what's coming because gold does well in recessions/depressions. Gold may fall some when this still over-valued market rolls over, but when the Fed flips and cranks up the fiat money printing machine again gold and silver should fly. I expect that to happen sooner rather than later.
https://www.msn.com/en-us/money/markets/wall-street-warning-ray-dalio-jamie-dimon-larry-fink-issue-grim-outlooks-for-the-global-economy/ar-AA1iP6Pv?ocid=msedgntp&cvid=b5e9c74e69f84ad594f9c183d2c65898&ei=11
You know we're getting close to the Shit Hitting the Fan Moment showing up when Jamie Dimon starts finger-pointing at the Banksters before hand. LOL
What ever happened to a soft landing? Come on Jamie why can't You tow the line like everybody else? Hard to believe somebody is actually telling the truth. That's not the way the Global Elites do it.
https://finance.yahoo.com/news/jamie-dimon-criticizes-central-banks-090033129.html
Positive company news out today and the share price falls. I'm not real sure why that would be, but it is.
https://firstmininggold.com/news/first-mining-files-technical-report-for-the-positive-preliminary-economic-assessment-for-the-duparquet-gold-project-quebec-canada
Some very bullish forecasts for PM prices going forward. I hope they're correct.
Everyone knows if that $2100 gold price gets taken out convincingly we should be off to the races.
https://www.gold-eagle.com/article/gold-forecast-expert-predicts-10000-gold-and-300-silver
If government spending is not reined in and gotten under control, which we know won't happen until it's forced on the Idiots running this country, the dollar's reserve currency status will go away.
Interest expense on the debt has nearly doubled in just two years. Loss of reserve currency would of course be big for PM's in terms of dollar valuations.
https://finance.yahoo.com/news/dollars-currency-status-depends-u-132115287.html
Article speaking to if we're on the precipice of the breakout move higher for gold. He makes the case that with the debt piling up exponentially and the geopolitical events that we're seeing on a regular basis now, that we could be close to that breakout move above $2100 for gold.
I'm still somewhat skeptical about how the gold price would hold up if the stock market takes a big dive. That may all revolve around what causes the market to tank, if we see more geopolitical unrest that may be good for gold, but if we see some sort of market-related black swan event I suspect that would have gold selling off.
Time will tell.
https://goldseek.com/article/gold-market-update-start-big-move
Just watched this Mike Maloney vid with a chartist that's comparing the 70's gold bull market with today's market. Go to about 3:45 into the video and begin listening to what's being said. The chartist seems to think we're getting very close now to the time the gold price should begin it's parabolic move higher, similar to what happened back in the 70's bull run. Interesting analysis.
https://goldsilver.com/blog/i-was-blown-away-by-this-gold-chart/
Big move in the gold price today. It could be happening for a number of reasons, but I saw this article over on Kitco that discusses some of them.
Will the geopolitical problems continue to push investors into PM's? If the news worsens then I suspect it will.
The article also suggests that the big move up we've seen this week may be ripe for some profit-taking.
https://www.kitco.com/news/2023-10-13/Gold-prices-up-2-as-Investors-look-for-geopolitical-insurance-during-the-weekend.html
If you haven't watched this George Gammon video, I highly suggest you do.
He talks about the Paul Tudor Jones interview that I posted a few days ago here. As Gammon says PTJ is an insider, he knew about Covid before anyone else did.
What Jones said may be coming is potentially more black swan events that would impact the world in a big way and of course move many investors into the safety of PM's. I think Gammon is very likely right in what he's confirming from the PTJ remarks. Jones knew what was coming with Covid and now his most recent calls may be coming to pass also. Time will tell.
Here's the Gammon video.
Janet Felon recently let it slip we'll be seeing LOWER rates for longer. That's not what the Fed Crooks have been saying.
This article gives a nice overview of why they have to lower rates sooner than later. Interest rates where they are now would bankrupt the country.
https://realinvestmentadvice.com/janet-yellen-suggests-much-lower-for-much-longer/
Turn that frown upside down, because the more fiat money they print the closer we get to PM's finally reaching their true valuations.
How they come up with the valuations on gold and silver on the debt clock, I don't know, but my guess would be that those numbers are still undervalued.
I definitely think the gold number is low.
O.K., this is a ZH article speaking to what mega-investor, John Tudor Jones, said this morning on CNBC. Of course, he talks some about all the geopolitical risk that we're seeing now, but that's not the only SHTF problem we're moving to.
Listen especially to the second video at the bottom of the article where he talks about the bond market blowing up most likely in Q1 of next year. He sees interest rates going higher with the Banksters NOT able to control that move. That will be the big SHTF moment for this country and it will most likely force drastic measures to be taken as far as cutting spending and entitlement programs having to be reduced because the money won't be there. We could very well be involved directly in a war of some kind too by then.
This may very well usher in CBDC and everyone being forced into it or go hungry. Jones gives a rare, candid, view about what's coming and it will be here soon. He likes gold and Bitcoin in that environment.
https://www.zerohedge.com/markets/paul-tudor-jones-you-could-get-world-war-cascade-where-everyone-gets-involved-i-bitcoin-and
Saw this video about FM starting up their own mint for silver they produce. Wasn't aware they were going to do it.
ZH article speaking to the blow-out jobs numbers we saw yesterday and attempts to give an explaination of why this is happening.
https://www.zerohedge.com/markets/jobs-shock-september-payrolls-unexpectedly-soar-336k-biggest-jump-january-and-6-sigma-beat
He's suggesting to stay in cash and buy cheaper at some point in the future. The Fed is nearly done hiking rates, they could go one more quarter point move higher if the inflation numbers stay stubbornly high, but IMO they are nearly finished hiking. The $64,000 question is how long can they remain this high? Inflation is still higher than they want it to be and normally at this point in the rate hiking cycle people would be losing their job. They had a blow-out high number on yesterday's jobs report. That's not really what the Fed wants to see. So, how long can they keep rates at these higher levels?
I think that's what the market is trying to figure out now. I see that being dependent on what could be next to break in the financial markets or maybe geopolitical. events that we're not aware of now. They may already KNOW something has to break in order to bring inflation back to lower levels, but in any case that would bring about a much, much. lower stock market from here. Mike McGlone was calling for 3000 on the S&P. That's a very big drop from where we currently are.
Chris alluded to the miners and gold bottoming before the rest of the market and I think that's a good assumption too. That also happened before the last gold bull market began, so averaging in is fine, but you may not be buying the bottom just yet.
I keep posting Chris Vermeulen vids here because what he's saying looks to be coming true. Listen to what he's saying in technical terms where he sees the dollar going and what he's seeing for gold and silver. If the stock market tanks like he's calling for PM's will correct too and that's currently happening with a higher dollar. He mentions we could be seeing $16 silver again before it turns.
I agree with his views. Preserve cash and buy on the cheap as the markets continue to fall going forward. Most of the miners are already severely undervalued, but that doesn't mean they can't get even cheaper.
I ran across this recent video from Mike McGlone and Tom at Palisades Gold. Go to about 36:09 in the video where Mike begins talking about gold.
He gives a nice overview of what he sees gold doing. He talks about in 2008 (when the market tanked) gold falling from $1000 back to $700 BEFORE it went to $1900. That may be what we're seeing now and as the market continues to sell off we should see gold fall some more, but at some point, gold will reverse and shoot higher. My guess is that will happen prior to the markets bottoming.
He talks about how right now the S&P 500 is half again over-valued to the gold price. He sees the S&P 500 going to 3000 (we're 4300 currently) and the gold ratio to the S&P being 1 to 1 when the market finally corrects in a very big way from here. That's the pain I referred to in my last post. A LOT of pain.
So, how many people will want to be in risk assets with the S&P at 3000? I would say not many.
McGlone makes a lot of sense to me. See if you agree with his opinions.
Seablue, I don't think we're going to see gold break-out above that $2100 price until the Fed pivots or at such time the market determines they'll pivot.
When that happens I believe the turn higher for gold will be made.
The mining sector is NOT going to move until the gold price breaks out IMO, so I believe that's what we're up against. I heard a talking head on the biz channel today say he is neutral on gold and the miners because he believes the Fed will keep rates higher for longer and that puts a lid on a higher gold price.
I would agree with his assessment, but I also think they're not going to be able to keep rates higher for longer. Something is going to break to make them pivot sooner than most pundits expect. Is that happening now with this market sell off? It's difficult to say, but I don't think the market is going to stay elevated and we're going to have to experience some pain before the pivot happens.
I'm going to keep my powder dry until we get closer to what I think will be the pivot bottom. When that happens I don't know, but I do believe the markets will have to go much lower from where we are now.
Latest Steve Hanke interview with David Lin. As usual Hanke is funny and serious about what he's seeing.
He speaks to the Fool that's Trudope up in Canada and the stupid laws they're looking to implement. This is what worries me most about my FMG investment. Trudope has a say about where it may or may not go.
Interesting article about the dollar, gold, and inflation.
https://goldseek.com/article/gold-continues-3-year-decline
Peter Schiff says he's adding gold stocks here on the cheap. My guess is they may get cheaper still.
https://www.zerohedge.com/markets/peter-schiff-fork-road