Dateline: July 22, 2019

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We’ve Arrived At The End Of The Road
Decades of central bank intervention have left us with an unavoidable insolvency crisis. When Richard Nixon closed the gold window in August 1971, fully severing the US dollar from its gold standard, the Federal Reserve and other world central banks found themselves liberated. No longer was their ability to provide liquidity constrained by the physical limitations of the gold supply.

The Fed started intervening more and more during times of slowing growth to goose the economy back to vigor. Cheered and further egged on by politicians happy for easy solutions and desperate to avoid having to make tough calls, central banks have been increasingly willing to provide liquidity in good times and bad… (Continue to full article)

The Three Ds of Doom: Debt, Default, Depression
Borrowing our way out of debt” generates the three ‘D’s of Doom: debt leads to default which ushers in Depression. Ask yourself this: how much of X does one hour of labor buy now compared to 20 years ago? For example, how much healthcare does an hour of labor buy now? How many days of rent does an hour of labor buy now compared to 1999? How many hours of labor are required to pay a parking ticket now compared to 1999?… (Continue to full article)

SILVER BREAKOUT CONTINUES: Next Important Key Levels
While the silver price has broken above the symmetrical triangle formation, it still has a few key levels to surpass to continue its upward trend. However, it was crucial for silver to first break above rather than below the symmetrical triangle to be able to remain in a bullish direction.

So, we have to take one positive silver price action at a time and look at the next technical levels. First, we can clearly see that silver broke upward above… (Continue to full article)

World’s Largest Hedge Fund Turns Bullish On Gold
Gold is just coming off a turbulent 3-week period after a much-expected rate cut in July failed to materialize courtesy of a stronger-than-expected jobs report for June that sent traders running for the hills. Yet, the latest disappointment has failed to dampen the mood in the bull camp.

Billionaire hedge funder Ray Dalio of Bridgewater Associates has taken to social media to declare that he is now jumping on the gold bandwagon… (Continue to full article)

A Bank With 49 Trillion Dollars In Exposure To Derivatives Is Melting Down Right In Front Of Our Eyes
Could it be possible that we are on the verge of the next “Lehman Brothers moment”? Deutsche Bank is the most important bank in all of Europe, it has 49 trillion dollars in exposure to derivatives, and most of the largest “too big to fail banks” in the United States have very deep financial connections to the bank. In other words, the global financial system simply cannot afford for Deutsche Bank to fail, and right now it is literally melting down right in front of our eyes… (Continue to full article)

Precious Metals Big Picture, as Silver Gets on Its Horse
While many are talking about major new bull markets in gold, silver and the miners I find it safer to set realistic goals within a still very bullish outlook. After all, we became bullish in November, had to retrench due to over-bullish sentiment and… (Continue to full article)

Confirmation of What We’ve Been Saying…Gold is Heading Higher
We have been one of very few people to claim 2019 as the breakout year for gold and now the signs are everywhere and people are beginning to follow our lead. I feel confident none of the so-called “journalist” / “writers” at Barron’s has ever heard of The Daily Coin or Rory. So, what? I don’t follow their work either. What has just happened is the following…someone at Barron’s penned the snippet below and this is exactly what we have been sayi… (Continue to full article)

Cookin’ on the Hammond ~ Smith, Burrell and Tate – takes me back to the Nam…

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