Monday Edition:   March 30, 2020

Secular bear, stunning numbers, lurking debt, overheated housing, gold demand, energy disaster
By: David Chapman
So is the bear over? Many are proclaiming the bear dead because of this past week’s 20% plus rally. But as we note there are plenty of signs that this could be short lived. We also note that we have started what we believe is a new secular bear. The economic numbers this past week were stunning. The potential unemployment numbers could be staggering. This Friday April 3 the March employment numbers are out and we wouldn’t be surprised at a negative number given this past week’s initial claims and the huge applications for assistance here in Canada as well. A recession? For sure, and many believe we have already started one. But this has the potential of turning into something far worse. Lurking in the background is a mountain of debt and an overheated housing market. We look at that as well.

Gold rallied but there were some negatives spotted and we failed to make new highs. The divergence with silver continues. But in the physical market the demand for coins and bars is soaring and there are shortages. The energy market remains a disaster zone. A barrel of Alberta crude trades for less than a barrel of monkeys. It is that kind of market.

We do look for something cheery but it is difficult to find. Best estimates on the COVID-19 crisis doesn’t see it peaking until sometime later in April at a minimum. This could last months. Something the western world is totally unprepared for.

The History of the End of the World Chart
By: Rambus
All we know right now is that the 1987 and the 2020 crashes are very similar along with what the long term charts are showing. So is this massive fractal thats been developing for many years going to fail right at the moment of truth? It is what it is until it isn’t. Please everyone take care of yourselves and look after your loved ones.

The Shortage Of LBMA Bars Persisted Before Coronavirus
By: Dave Kranzler, Mining Stock Journal
I found it amusing that Zerohedge tried to take credit for reporting the problem of a physical gold shortage on the LBMA and Comex earlier last week. Several of we “gold bugs” have been discussing and reporting on this issue since before the virus crisis exploded. The Comex has been settling contracts that stand for deliver through EFT and PNT transactions by which the counterparty accepts cash payment or the transfer of the Comex obligation to London for several months.

GATA’s Chris Powell expounded on this in a must-read essay on Friday: “What the heck are those mysterious ‘exchange for physicals,’ the mechanisms by which contracts to buy gold on the New York Commodities Exchange are neither fulfilled by delivery on the Comex nor settled for cash there but transported for supposed delivery elsewhere?

SWOT Analysis: Gold May Reach $2,500 Due to Fed Stimulus
By: Frank Holmes, US Funds
The best performing metal this week was palladium, up 37.90 percent, essentially regaining all the losses from the prior two weeks. Platinum and silver also rebounded strongly. Gold headed for its biggest weekly gain since 2008 while platinum and palladium were on track for their biggest weekly increases on record. It was a smashing week for precious metals due to supply concerns over mine shutdowns in top producing South Africa. Palladium surged more than 20 percent on Tuesday, its biggest ever gain, after South Africa announced a 21-day coronavirus lockdown. Dmitry Glushakov, head of metals and mining research at VTC Capital, said the country “accounts for some 70 percent of global platinum mined supply and 35 percent of palladium, with a 21-day lockdown possibly resulting in a 4 percent and 2 percent of 2020 supply reduction respectively.”

Will Coronavirus End the Fed?
By: Ron Paul
September 17, 2019 was a significant day in American economic history. On that day, the New York Federal Reserve began emergency cash infusions into the repurchasing (repo) market. This is the market banks use to make short-term loans to each other. The New York Fed acted after interest rates in the repo market rose to almost 10 percent, well above the Fed’s target rate.

The New York Fed claimed its intervention was a temporary measure, but it has not stopped pumping money into the repo market since September. Also, the Federal Reserve has been expanding its balance sheet since September. Investment advisor Michael Pento called the balance sheet expansion quantitative easing (QE) “on steroids.”

Gold Market Update: Breathtaking Reversal to the Upside?
By: Clive Maund
The world suddenly finds itself tipped into the gravest crisis since the 2nd World War, and with respect to the global economy it is actually far worse, because the financial system was teetering on the verge of collapse even before the coronavirus epidemic surfaced as a result of the exponential growth of debt and derivatives – so the virus epidemic and the reaction to it has simply acted as a catalyst to bring the whole house of cards down.

This Past Week Was More Important Than You May Understand
By: Avi Gilburt
At some point, you must begin to recognize that markets are driven by market sentiment. And, the parameters that the market is providing to us right now based upon our sentiment analysis suggests that as long as we remain below 2725SPX, we can expect a lower low before the next major bull market move begins. But, the larger degree structures still suggest that the SPX can be heading to the 4000 region in the coming 3 years. I have seen nothing yet to suggest otherwise.

Sunday Edition:   March 29, 2020

Gold Seeker Report: This Week in Mining Issue #6 -- Temporarily Suspended Mining Operations
By: Chris Marchese, Chief Mining Analyst at GoldSeek.com

Negative real rates puts shine on Getchell's gold
By: Richard (Rick) Mills, Ahead of the herd

Gold Price Discovery of Post-QE Infinity: Gold Miners Will Become the Next Proxy for Gold Price
By: Peter Spina, GoldSeek.com

The Financial System Was FUBAR Before The Virus Crisis
By: Dave Kranzler

Precious Metals Update Video: Big action in Gold
By: Ira Epstein

Postcards from the Frontline
By: John Mauldin, Thoughts from the Frontline

Friday Edition:   March 27, 2020

COT Gold, Silver and US Dollar Index Report - March 27, 2020
By: GoldSeek.com

Gold traders are paid not to redeem Comex EFPs, London sources say
By: Chris Powell

Silver Miners’ Q4’19 Fundamentals
By: Adam Hamilton

THE ENERGY DISASTER KICKING INTO FULL GEAR: World Is Totally Unprepared For What’s Ahead
By: Steve St. Angelo, SRSrocco Report

Stimulus Bill Gives The Banks $454 Billion In Taxpayer Bailout Money
By: Dave Kranzler, Mining Stock Journal

Precious Metals Update Video: I'm back, technical updates
By: Ira Epstein

Thursday Edition:   March 26, 2020

Silver Seeker Report: Next Generation Silver Producers: Part I
By: Chris Marchese, Chief Mining Analyst at GoldSeek

The Fed is a Pickle
By: Gary Christenson, The Deviant Investor

Virus Impacts an Economy Already in Decline before the Crisis
By: David Haggith

How $6Tr Fed Giveaway Could Backfire Ruinously
By: Rick Ackerman, Rick's Picks

Gold’s Gone Wild!
By: Keith Weiner, Monetary Metals

Asian Metals Market Update: March-26-2020
By: Chintan Karnani, Insignia Consultants

Wednesday Edition:   March 25, 2020

One of the Biggest Short Covering Rallies in History May Be Imminent...
By: Clive Maund

This Is Where the Problem Really Starts
By: Peter Schiff, President and CEO Euro Pacific Capital

Global Gold Price Markets Broken & Record U.S. Mint Gold & Silver Eagle Sales
By: Steve St. Angelo, SRSrocco Report

Yesterday Really Did Not Happen
By: Avi Gilburt

Asian Metals Market Update: March-25-2020
By: Chintan Karnani, Insignia Consultants

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