Short-squeeze spikes are a routine feature of bear markets, and they recur until an exhaustion spike going in the other direction destroys the last vestige of hopefulness.
I’m often asked if I foresee inflation or deflation. This week we had an “Ask Me Anything” session for Alpha Society members and it came up several times. Both are possible in their own ways, and frankly I feel a little funny telling people I think we will see both.
Bubbles implode rapidly. It is better to take chips off the table too early rather than too late.
Gold and silver have thousands of years of history—protecting assets and holding their value. We can’t say the same for fiat currencies.
Gold bullion gained more than 25%, its best year since 2010. The surge in money supply due to pandemic stimulus helped fuel the rally. The amount of M1 money moving around the U.S. economy skyrocketed 66% from last year.
Wednesday brings the conclusion of the first FOMC meeting in 2021. As usual, we'll get a summary at 2:00 pm EST followed by a press conference with Chairman Powell at 2:30 EST. What will he say, and what should we expect the impact to be on COMEX gold and silver prices?
Gold may have come off the boil after rising above $1,900 an ounce in the aftermath of the US election, but the precious metal, and its sister silver, will do very well under a Biden presidency, an Ahead of the Herd analysis has found.
I believe that there’s a relatively high probability of another big move in the precious metals sector is coming. The charts of gold and silver are starting to look bullish again after the sharp sell-off in the sector that started on January 5th.
But what has surged in price are assets valuations in the stock market, housing market and collectible market. The everything bubble. The K recovery as the rich get richer while upwards of 20 million Americans receive unemployment benefits all against a surging pandemic that is about to cross 100 million cases globally.
If Janet Yellen and Joe Biden get their way with Congress, then trillions of dollars in new taxes on businesses and investors could be coming down the pike. Yellen wants the Trump tax cuts repealed, which would revert the U.S. corporate tax rate to one of the highest in the developed world.
