$35 trillion. Yes, $35 trillion that is what has been estimated of global wealth destroyed in the first six months. Trouble is, a study shows that markets are still overvalued by almost another $35 trillion.
My firm lean at this time is that this is not THE rally in the precious metals complex and Monday’s low may not have been THE low. Again, only forthright and consistent work will answer the question.
Whether the economy is in recession now or enters one soon, this isn’t the usual boom-bust pattern; it’s more of an intentional slowdown. The Federal Reserve needs to get inflation under control...
In this week’s Live from the Vault, Andrew Maguire explores the dubious practices in the ETF market, shedding light on the widespread integrity breaches and rehypothecation of the largely undeliverable, double-counted gold bullion.
The bottom line there is that, if workers don’t return to work, the ratio of producers to consumers will remain seriously deficient, which means there will not be enough goods or services..
What happens when the people of gold-producing developing countries start seeing the metal they mine functioning as savings and money in their daily lives, an alternative to their current..
The Fed will soon be forced to pivot their current policies, and the markets will react in the same manner they have in the past.
Pay attention. Be ready. And prepare accordingly.
The bottom line is that unlike in 2015, 2018, or 2020, the stock market is likely starting a new secular bear market, which has tremendously bullish implications for precious metals.
Once speculation of a Fed pivot gets any confirmation, it could be curtains for U.S. dollar strength – and all clear for gold and silver markets to take off.
