When you bring up the potential of a market crash occurring, the September to October timeframe is typically when they occur. We have seen crashes in September of 1791 when the First bank of the United States failed. The Panic of 1907 occurred in October. The Wall Street Crash of 1929 was in October. Black Monday was in October of …
Read MoreAug
8
2024
Weighing a Silver Investment Versus Stocks
By: Doug Eberhardt
Category: Gold
Tags: 1964, 1965, 888, balance sheet, debt, Dollar, Donald Trump, Federal Reserve, Gold, Kamala Harris, low, politics, Purchasing Power, quarter, rate cut, silver, SOMA, stock market crash, UVIX, volatility
We are starting to see some real volatility enter the market and the chances of a Fed rate cut of .50 basis points at their next meeting in September rise to 55.5%. On Monday with that mini market crash that odds were at 85.5% of a .50 rate cut. Since that Monday, what has happened? The answer might be a …
Read MoreAug
2
2024
On July 17, 2024 I wrote an article with the title Is Silver About to Break Out – The Dollar Index Points to YES. The dollar was at a 3 month low of 103.80 and today we crashed through support after the NonFarm Payroll and Unemployment Data came out worse than expected. Last reports data was also revised lower. U6 …
Read MoreJul
26
2024
Is America Headed for Bankruptcy?
By: Doug Eberhardt
Category: Gold
Tags: backs, bankruptcy, congress, consumer, debt, Dollar, Elon Musk, Federal Reserve, full faith and credit, Gold, government, Income tax, Money, note, pre-1965 quarter, Profit In Up and Down Markets, Purchasing Power, silver, spending, Stock Market, Unemployment, Wilson
Elon Musk posted on X today in reply to a Heritage Foundation economist, saying that “America is headed for bankruptcy fyi.” The economist asked the question “How did we get here?” To which he answered the following: Two men: FDR and Richard Nixon. Together, they broke the dollar. And put the American people into debt slavery. I tweeted back to …
Read MoreJul
17
2024
Every time silver gets to a point where it is about to break out, it has a retreat in price. The old adage that we have heard for years is, “this time it’s different!” But silver keeps disappointing. Well, this time I really do think it is different and I have been harping on silver since I started writing my …
Read MoreJul
10
2024
Last Time Bank Offered Depositors Sign Up Bonuses Silver Soared
By: Doug Eberhardt
Category: Gold
Tags: Banks, Illusions of Wealth, lawsuits, profitinupanddownmarkets.com, Purchasing Power, safe, silver
Banks are at it again offering bonuses to depositors in a dash for more cash approach not seen since the last financial crisis. Skip to the silver analysis at the end if you are in a hurry. The Financial crisis ended by 2011 but this may come to many as a surprise, that there have been 212 bank failures since …
Read MoreJun
17
2024
Many investors try and say silver is a bad investment because the stock market has outperformed silver depending of course on your starting date. But this comparison of the two is a false pretense as silver is money and the stock market is investing in companies that try to earn a profit each year. But let’s analyze this a bit …
Read MoreJun
13
2024
If you wanted to destroy the currency of a nation, there is no better way to do it than collectively have other nations band together and create their own monetary system and shun the dollar. That’s exactly what BRICS, an acronym for Brazil, Russia, India, China and South Africa are doing. But it doesn’t stop there. Argentina, Egypt, Ethiopia, Iran, …
Read MoreJun
7
2024
As many of you know, I have called the short term on gold and silver pretty well over the last 7 months when I started blogging again after a 3 year do nothing metals market. The game has changed. Metals and miners are the place to be, not an overpriced stock market that is destined to disappoint many over the …
Read MoreMay
13
2024
Still at Buy Low for Silver and Gold While Government Spending Reaches Panic Levels
By: Doug Eberhardt
Category: Gold
I know many investors out there are hesitant to buy silver because it has lagged the market the last decade. I get it. But as I have pointed out, silver is insurance against your dollar based portfolio. If the dollar falls, and presently it is, silver maintains its purchasing power and thus buoys your portfolio. You can see the dollar …
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