Is it just me, but can anyone envision the eventuality of a deflationary crash and the unwinding of much of the credit built up over the last several decades? Basically since Reagan? My last article was a bullish one for the stock market and it has gone up ever since, continually hitting record highs. While gold went up also, it …
Read MoreThe dollar is just 48 years old without a relationship to gold. Most don’t even know that. Most don’t understand gold and its history. But governments are the reason currencies fail and have failed over time. Every single one of them. Every single time. How is it different this time? Because of the magic of the Fed? The dollar itself …
Read MoreIs The National Debt Irrelevant And Gold A Barbarous Relic?
Synopsis Presidents campaign on promises to reduce an out of control national debt yet the debt keeps marching higher during every Presidents term. The National Debt has been irrelevant since the times of even before Reagan but escalated with Reagan. Why doesn’t the national debt matter? What will Fed interest rate policy be moving forward? Some mock gold as a …
Read More$50,000 Gold and John Exter’s Pyramid – Podcast
According to Wikipedia, John Exter was an American economist, member of the Board of Governors of the United States Federal Reserve System, and founder of the Central Bank of Sri Lanka. He is also known for creating Exter’s Pyramid (see graphic below). According to his son-in-law Barry Downs, who I had the pleasure of interviewing for this podcast, John Exter …
Read MoreThe beginning of the month I wrote an article called Gold Bottom? Gold Bottom? – Current Thoughts for 5/1/2018 I wrote in that article; “we may still have one smaller move below $1,300 to possibly $1,280.” We got down to a closing low of 1288.30 on 5/18 and an intraday low of 1282.27 on 5/21. There should be no …
Read MoreAs I wrote in my last Current Thoughts from April 11th, 2018, Gold Not quite Ready for Blast Off, we got the turn lower and are now in a better position to make some purchases. Here is what I wrote then; Were just not quite ready for blast off onĀ goldĀ just yet. The dollar was falling when gold was moving up …
Read MoreGold Held Down By Central Bank Intervention?
We have seen a bounce in gold somewhat, but it is finding resistance at 1280 and will again at 1300. But this leg up, even if we have one more shake out of weak hands down to 1240/1250, is going to 1400+. If you have been following me awhile, you know a few things. One, there is no reason to …
Read MoreWhy Dollar Crash Gold Bugs Have Been Wrong
We have all the signs of a temporary bottom forming in gold right now, and this includes gold mining stocks. My data is pointing this way and we should find out soon. I think we have a decent bounce, then one more big decline next year in a deflationary spiral, then we will finally be off to the races. Many …
Read MoreThe Fear Mongering Crowd – Dollar Death On September 30th Edition – SDRs
Summary Those who call for a SDR World Currency or SDRs Backed with Gold. Those who call for a dollar crash. Those who call for hyperinflation. Separating Fact from Fiction and how you can profit without fear. You’ve been reading about a dollar crash for years from many of the fearmonger peddler’s of gold, newsletters, or anything else they sell …
Read MoreIt is easy to convince people of all the problems with the U.S. economy. We do have over $17.7 Trillion of national debt and a Federal Reserve with a suspect balance sheet compared to its pre-2008 financial crisis balance sheet. We also have budget deficits for the next decade to deal with and unfunded liabilities in the 10’s of trillions. …
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