If the US market closes Green tonight, the 31st of August, it’ll mark the best August performance for the US stock market (and, by default, global) since 1986!! It matters little that the entire “market” is being dragged along by 5 stocks and a not so passive group of “passive” ETF index hunters (more on this […]
Speaking of a developing stories, thankfully precious metals took a well-earned breather last week, after a hard run-up in recent times. As we noted two weeks ago, it was Gold producers that led the spot price down. This sure would have given the old “Bare Foot” type non-believers some relief and, perhaps, belief that it […]
It’s so hard to know where to start any economic commentary this “Covid”, world. Actually, this note was waiting for the gold price to take breather before it could be completed but now we’ll just have to finish it anyway. As you can see from the chart below, Gold in USD, has been suffering a […]
As the end of the Australian Financial Year looms ever closer, we wonder how important the final two trading days of FY 2019/20 are going to be. One might have gone into the weekend feeling positive, based on the Friday close for Aussie stock indexes (plus almost 2%), but for Friday night overseas action, minus […]
If you haven’t noticed in recent weeks, there is some “backlash” or social “force” forming from within many societies around the world, and for good reason. Over time, there have been many a thesis shared as to why all humans have to suffer in one way or another, so we’ll just say this: The new […]
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 […]
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