Most of us are already invested and have very little cash to invest. The best way is to let the days pass. Just some reduction in personal expenditure and a bit of expenditure planning can give us some surplus to invest. One needs to focus on expenditure or cost of living and not worry of investment. Full Story
Make no mistake, the financial system is collapsing under one giant margin call being issued to banks and hedge funds. How big? No one knows. The Fed obviously was preparing for something when it commenced its money printing in September. But it had no idea of the scale of the underlying systemic problems. Coronavirus is not the cause of what’s unfolding in the markets – it merely served as the pin that pricked the biggest financial asset bubble in history. Full Story
This is not some ordinary run-of-the mill bearmarket that is starting here – it is the beginning of a devastating collapse that is necessary to clear the system of all the accumulated dross that has built over many years. A “reset” is an apt word to describe it.
The rot can really be traced back to when Nixon got rid of the gold standard in 1971, or in other words got rid of sound money. This gave governments and politicians carte blanche to print more and more money and to go ever deeper into debt, since the greater the debt, the more money they could print to service it. The situation was exacerbated in the United States because, being in possession of the global reserve currency, it could ramp the debt ever higher without collapsing the currency, because so many dollars and government debt are held by foreigners spreading the load of the real devaluation of the currency, hence the unending farce of the debt ceiling, which is always being raised... Full Story
$SPX in oversold conditions, this is not a new perma-bear market. The market will start pricing in the corona virus dying out. Still another 10-15 years in this bull market to go.. Full Story
Money printing along with direct transfer cannot be called stimulus measures of central banks. The sole motive of every large central banker is to prevent “too big to fail large corporations”. I do not think tiny and small business will be positively affected by the central banks once in a lifetime measures. Hard assets will now attract more and more long term investors. Full Story
There was an eye-watering deposit into GLD on Friday, as an authorized participant added 677,484 troy ounces of gold...21.07 metric tonnes. That's the biggest deposit that I ever remember seeing. There were no reported changes in SLV.
In other gold and silver ETFs on Planet Earth on Friday...net of any COMEX and GLD & SLV activity...there was a net 207,044 troy ounces of gold added, plus 2,078,794 troy ounces of silver was added as well. Full Story
By: Steve St. Angelo, SRSrocco Report - 9 March, 2020
It begins… the world is finally waking up to the massive economic and financial threat of this global contagion. As reported, the Middle East markets opened today to a bloodbath as many of the region’s stock indexes fell more than 5%, with Kuwait suspending trading after it’s market fell 10%. Full Story
I promised you on Friday that I would take an in-depth look at the energy complex in the Weekend Report. If there is one sector to define the possible deflationary event we’ve been discussing for the last several months or so oil is probably the most important commodity of all. Eventually we’ll know the cause in no uncertain terms, but the charts have been suggesting for a long time now that something is afoot and we need to pay attention... Full Story
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