Around this time each year we look forward to the publication of “In Gold We Trust” from the team at Incrementum AG. It’s always a must read for anyone with an interest in precious metals. However, this year is particularly pertinent, given increasingly unhinged Central Bank behaviour and now, what appears to be, return rumblings […]
Well, there seems to be no stopping the “new” paradigm, even though it is the same as the old, that is, the same as the last 12 or so years. Credit cycles tend not to end in crash, until they do. There is no need to bother including Europe, Japan, the rest of the world in the […]
Where’s the money going? Trillion here, trillion there…….money supply in the US last week surged by USD363BILLION, in one week, out of thin air! We’re not going to go through the where’s it going story again but make no mistake, the global bureaucracy is the major beneficiary of the Covid crisis. We’ll get into the […]
There’s nothing like a week of the most horrible economic numbers delivered in modern history to keep Equity markets rising, ending in China’s worst GDP numbers in 40 years. Australian markets followed the international lead this week, as usual, rounding the week out with a Stella 2.0% gain for the All Ords as of lunch […]
“Sold” refers to the answer you would have got last week, and still get this week, if you go to buy physical gold or silver, anywhere, unless you were offering a $200p/oz premium for gold and 100% on silver, with an online “dealer”. Do you think there was one mention in the media last week […]
It’s been very hard to find words this week to describe what is happening on the financial side of the twin pandemics this week. The US Fed finished the week with a USD100 BILLION QE purchase of treasuries and mortgage-backed securities. IN ONE DAY. The most QE got to at the height of the GFC […]
Welcome to an appropriately named “Black Friday”. This week has been quite the show, so far. Before we discuss the what and when of “opportunity” arising from this current calamity, let’s make sure we know where we are. What we’re dealing with here is a collision of two Pandemics. The first is known as the […]
What a week it has been! Where does one even start? Let’s start with a headline we didn’t see: Historic Losses Occur as Wall Street Finally Realizes the Threat That the Coronavirus Poses to the Global Economy Having not watched Financial News on CNBC since about 2009, switching it on last week certainly bought back […]
Though mainstream media may be lacking the will to join the economic dots around the Covid-19, we don’t feel the same constraints. Remember, no real financial reform on the back of the last “GFC” always meant the next one was going to be exponentially worse. But before we go on, let’s acknowledge the “holy grail” […]
As we’ve mentioned many times since the Repocalypse of September 2019, the Great Financial Bubble is, one day, going to pop. Since our last note, we’ve been grappling with sharing the very complicated “pointy end” of systemic weakness, in an over-leveraged, derivative laden, fractional reserve financial system of minimal collateral. Like, Corporate Financial Clearing house […]
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