By: Steve St. Angelo, SRSrocco Report - 2 July, 2020
Lastly, because the stock markets have totally disconnected from the underlying economy, it has provided a golden opportunity for investors to get into precious metals on the cheap, especially silver. We must remember, global assets are valued over $450 trillion while physical gold and silver investment stocks are worth approximately $4.5 trillion… or 1%. When investors start to move out of STOCKS, BONDS, and REAL ESTATE to protect wealth in precious metals, there is only a limited amount of PHYSICAL GOLD & SILVER CHIPS. Full Story
Impact on gold, silver and US dollar Index by FOMC Minutes: Jobs creation will be the key to gold, silver and US dollar. (i) Low interest rates and accommodative interest rates stance will imply that gold and silver will continue to give positive returns. (ii) US dollar Index can sink if USA makes up for the lost jobs in pandemic. Reduction in safe haven demand will be the reason. (iii) Gold and silver are above interest rate and inflation. There are lot of other factors which will ensure continued rise in gold price. However the pace of rise of gold will slow down if COVID fears Full Story
By: Stewart Thomson, Graceland Updates - 1 July, 2020
What about inflation? Well, money printing inflates what it is aimed at. If money is electronically printed and poured into stock, bond, and real estate markets, that’s what gets inflated.
As the rich versus poor net worth and income spreads widen dramatically, social unrest usually begins, and of course that’s in play now on the streets of America.
The government will eventually demand the Fed aim much more of its printed money at Main Street, rather than just at the rich. That’s when serious inflation can happen. Full Story
Regardless of where things move, this remains an excellent time to get into quality juniors with the most upside potential. Once the sector breaks higher, many stocks will no longer be cheap.
We continue to focus on identifying and accumulating those stocks with significant upside potential over the next 12 to 24 months. Full Story
US June private ADP numbers have to beat street expectations by a big margin to cause a correction in gold and silver. There can be a correction and not a crash in gold and silver for the rest of the month. Zero interest rates and free money will ensure precious metals, stocks energies and bond yields and selected crypto currencies will all rise at the same time. Full Story
New gold investors or for a new long position in gold, one should wait till tomorrow. It is better to buy or go long if gold trades over $1800. I am repeating my trading ideology “It is better to wait and trade” THAN “trade and wait”. Buy just before a technical breakout with a trailing stop loss or sell just before a technical breakdown with trailing stop losses. Never worry if you made an investment in gold. Full Story
The best performing precious metal for the week was gold, up 1.57 percent. Gold is heading toward $1,800 an ounce driven by fear that the resurgence in virus cases will impede the global economic recovery. Gold for August delivery rose to $1,796.10 on the Comex on Monday – the highest level since 2012. The yellow metal saw a third straight weekly gain, which is its longest winning streak since January. According to Bloomberg data, gold-backed ETFs saw a fourteenth week of net inflows. Full Story
The conclusion to all this is that gold is in a powerful bullmarket which is expected to accelerate. Near-term, while it looks set to take off higher and should do if the stockmarket holds up, it is vulnerable to a potentially sharp correction if it doesn’t which would be viewed as a buying opportunity for the sector. Full Story
All of these 5 stocks should enjoy powerful extended moves over the next 6-12 months. It’s not too late for any of these as all of the move remains in front us. During this period the PM bull market should experience the POR when the public wakes up and realizes they must own some of these stocks. That’s the time when the bull begins to fully express himself. I emphasize this has not yet occurred and its outright display of power will be humbling to watch. The time to buy and hold is now. Full Story
Covid waves spooking markets. Gold's monthly, weekly, daily chart, pushing the upper Bollinger bands and the longer the market stays over it, the stronger the bull market is:
· On Tuesday US Treasury Secretary Steven Mnuchin will speak about the stimulus and lending facilities to support the economy in the pandemic.
· This is followed by minutes of the Fed’s latest rate-setting meeting on Wednesday. There is the US also the US ADP jobs numbers of Wednesday. Then the all-important
· US June nonfarm payrolls is there on Thursday.
· There are lots of European and UK economic data release as well this week. Full Story
You will notice that since around 1970, the Total Debt has increased a great deal more than the GDP. I believe this was due to the peaking of U.S. conventional oil production. As U.S. oil production peaked and declined, the U.S. funded their economic growth more with debt. Now, we can see that the debt is moving up exponentially while the GDP will start to flatten and decline.
This is terrible news for Americans who hold most of their wealth in STOCKS, BONDS, and REAL ESTATE.
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