With COMEX gold getting very near new 2020 highs, concern is growing that COMEX silver is not coming along for the ride. Let's give it a few days and then check back.
Let's start with COMEX Digital Gold. Recall that prices surged with the onset of QE∞ on March 23. In the thirteen weeks since, price has rallied from $1488 to Tuesday's intraday high of $1786. That's $298 or almost precisely 20%. Not too shabby for just one calendar quarter. If price is able to replicate that move over the next 90 days, we'll be looking at about $2150. Most of you reading this post would probably take that in a heartbeat! Full Story
Goldman Sachs raised its 12-month price forecast for gold to $2,000 an ounce. Analysts including Mikhail Sprogis said in a note that “gold investment demand tends to grow into the early stage of economic recovery, driven by continued debasement concerns and lower real rates.” The bank added that it estimates fear-driven demand for bullion has boosted prices by 18 percent this year. Full Story
It is Trump's election to lose, and the news media will do everything in its power to defeat him. Stoked by leftist rabble that are effectively running America's big cities now, editorialists will brazenly ignore any negative stories about Biden and his running mate. At the same time. they will hit Trump with everything they've got, treating his every misdeed as a potentially impeachable offense. The MAGA crowd will need to believe deeply in their cause to parry media lies as the campaign progresses. In the meantime, investors are certain to grow increasingly queasy as November approaches, and even despairing if Trump's popularity should slip. The demands on his leadership will intensify as the nation edges toward civil war. Unfortunately, there have been few signs so far that the President is capable of rising above the fray to demonstrate the kind of wisdom Americans will need to get them through these extraordinarily difficult times. Full Story
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