Dateline: October 8, 2019

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Precious Metals Getting Ready to Take Off Again But Downside Risks Remain
“I don’t see any conceivable path where Gold and especially Silver are not multiples higher in the years ahead. That’s just my humble opinion.”

Gold and Silver have both enjoyed tremendous rallies since November last year. They both finally peaked recently and have fallen 6.5% and 14% respectively since. Now they are rallying off their lows of 1465 and 16.94. The question is are they both done on the downside and are heading much higher or do we still have lower to go… (Continue to full article)

Fed’s “Insurance” Rate Cuts Didn’t Work, Now For The Emergency Cuts
Pity the guys now running the Fed. They’ve inherited an economy that requires ever-bigger infusions of new credit and ever-lower interest rates to avoid financial cardiac arrest. But with interest rates already perilously close to zero the usual leeway is no longer there.

Making the best of a bad hand, Fed chair Jerome Powell has been cutting the Fed Funds rate but managing expectations for future cuts by calling the current ones “recalibration” and “insurance.” In other words, “don’t expect a quick excursion into steeply-negative territory. In fact this latest cut might be all there is.” (Continue to full article)

U.S. Manufacturing Is Plunging…What Are The Implications For The Broader Economy & Gold?
American manufacturers are scoring ever deeper recessionary readings. We haven’t seen this bad an ISM Manufacturing reading in quite a while. Can it take the broader economy with it? And what about gold – when exactly will it get its shine? (Continue to full article)

Stormy start to October has stock investors worried: Will Q4 be ‘deja vu all over again’?
If you somehow forgot the stock market turmoil of the last few months of 2018, the first few days of this quarter may have been a stomach-churning reminder. But there are some fundamental differences now compared to then, analysts say, and while it doesn’t necessarily guarantee smooth sailing, it’s also possible we’ll avoid the worst of last year’s market carnage.

As a refresher: the Dow Jones Industrial Average DJIA, +1.42% opened on October 1, 2018 at 26,598. Three months later, shell-shocked traders were rummaging for dusty “Dow 24,000” sunglasses, with the index down 12%… (Continue to full article)

“Escape Illinois: Get The Hell Out Now, We Are”
An “Escaping Illinois” Facebook group has more than 39,000 followers. One man even wrote a song called “Goodbye Illinois,” lamenting the state’s taxes and political corruption and expressing his desire to leave… (Continue to full article)

“Dangerous Over-Reliance” On Central Banks; “They’ve Created A Snowflake Market”
Last year, before the market collapsed in the XIV debacle, Universa’s Mark Spitznagel warned “a reckoning always follows, something really big is coming” This is an age of massive artificial economic imbalances and systemic risks. Repress change, and you repress all that it means. Repressing it is sheer hubris and, in Dylan’s words, “beyond your command.” You can only defer it, not stop it… (Continue to full article)

A Realistic Argument PROVING $2,432 Gold and $149 Silver
I can paint whatever picture of truth I would like and cross every “T” and dot every “i” and it will not matter as long as these criminal mafia organizations are in charge of the markets. The numbers from the Federal Reserve prove beyond question the bullion banks are in complete control of the gold and silver markets… (Continue to full article)

“Paper Money Systems Have Always Wound-Up With Collapse And Chaos”
Warren Buffett, despite his extraordinary investment success, has a rather famous and long-standing love/hate relationship with precious metals.

Maybe it started with his dad – Congressman Howard Buffett of Nebraska – who, as a staunch advocate for the gold standard, argued to his colleagues on Capitol Hill that “paper money systems have always wound up with collapse and economic chaos.”… (Continue to full article)

the Doctah is in da House…

Illustration by Victor Juhasz

Fed Says It Will Offer $310 Billion More in Term Loans to Wall Street as Over 68,000 Job Cuts Planned at Mega Banks
One or more U.S. or foreign banks that are primary dealers to the Federal Reserve Bank of New York is in need of longer-term loans that they are unable to get anywhere else – at least at an affordable rate of interest. That’s the only reasonable conclusion that can be drawn from the Fed’s announcement on Friday that it is extending its money pumping program to Wall Street until at least November 4 and will be offering an additional $310 billion cumulatively in term loans (most for 14-days at a time) as well as offering at least $75 billion daily in overnight loan… (Continue to full article)

GE Freezes Pension Plans For 20K Employees In An Effort To Cut Liabilities
It appears that General Electric has gotten themselves leveraged a bit too far. The corporation has decided to freeze the pension plans of 20,000 employees in an effort to pay off some of their debt… (Continue to full article)

[Got physical… close at hand?]

Let’s do something about that…

Protecting Your Wealth is heard at 3:00 p.m. (Eastern Time), each Tuesday and Thursday on Republic Broadcasting Network. Jeffrey Bennett, host of the program will be sharing over 60 years of his personal experience in the precious metals markets, in addition to educational commentary regarding YOUR financial health and welfare.

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P.O. Box 579
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